Daily Charts - The Family Biz 👩💼
According to Bloomberg, the world’s richest family are the Al Nahyans , the ruling family of the Emirate of Abu Dhabi and owners of the UK soccer club Manchester City.
The Al Nahyan’s have ruled the UAE since the 70s and are worth over $305B
Richest family in the US are the Waltons, heirs to the Walmart fortune, worth an estimated $260B
Richest family in Europe are the luxury goods maker, Hermes family.
Lastly, richest Canadian family are the Thomsons, at number 10 in the world (Full list here).
This was interesting, the US is characterized to be much more unequal than Europe but it is a dynamic inequality. It’s very hard to to hang on to wealth for multiple generations compared to Europe.
Focus on your customers instead of your competitors (Link to vid).
How well do corporate’s know their consumers? Interesting chart looking at retailers targeting population densities and income levels. As lower end consumers struggle, we could see retailers more exposed to those demographics struggle.
I’d guess the trend you see in the chart below is because times are tough. Older men are re-entering the workforce.
Systematic Equity long short hedge fund managers were having their worst day in 3 years yesterday. Systematic LS managers down 2.2% by 10 am, worst single day since Nov '20 . Crowded trades (mainly shorts), momentum and volatility among key negative drivers. They are down 1.5% MTD but up 13.7% YTD.
While everyone is focused on AI, Meta has burned almost $16B on the Metaverse in the last 12 months.
Some perspective, Meta is spending more taking a punt on the metaverse than the most profitable Canadian companies earned in 2022.
According to Facebook, most common time of the year to break up is 2 weeks before the Holidays. Congrats, if you made it through another year.
Is it sad that couples meet online or did online dating apps just make the market more efficient? If you are bored this meeting here is an 8 page report on dating from a hedge fund manager (it’s more interesting than it sounds) and here is a story of math PhD who gamed OKcupid’s algo.
