facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Friday's Fast Five: Week of 5.3

Apple Is Buffett’s Best Investment. It’s Also Now One of His Riskiest. (The Wall Street Journal):  The legendary investor and his longtime partner, Charlie Munger, changed their stripes for a tech stock. Now, the size of the stake worries some Berkshire shareholders.

A Race the Whole World Is Watching (The New York Times): The teams might bear the names of English towns, the stadiums might sit on English soil and the stands might still be primarily filled with English fans, but the Premier League slipped its borders long ago. The world’s most popular sports league has, for some time, been a global soccer competition that just happens to be staged in England. This season has crystallized that perfectly.

How athletes and entertainers like Shohei Ohtani get financially duped by those they trust (AOL): Wealth management experts say athletes and entertainers who squander enormous sums fall into three interconnected buckets: They are naive about or inattentive to their finances; they make risky investments; they overspend on family, friends and expensive toys. "Whether you're an athlete, artist, surgeon or even a Silicon Valley entrepreneur, a con artist's ideal victim is someone who knows very little about money but has a great deal of it."

WeWork strikes deal to exit bankruptcy, without Adam Neumann (Axios): WeWork has reached a $450 million restructuring deal that would help the co-working space operator emerge from Chapter 11 bankruptcy protection by the end of May. Yardi Systems, a property management software provider and WeWork service partner, would become the company's new majority owner with around a 60% stake.

Jerry Seinfeld Says Movies Are Over. Here’s Why He Made One Anyway (GQ): It’s surprising that, on the verge of 70, he is trying something completely new: making his directorial debut with Unfrosted, which is both a story of the creation of the Pop-Tart, and a kind of lunatic apotheosis of Seinfeld’s breakfast obsession. It is the movie equivalent of the Seinfeldian stand-up method of working a concept from every possible angle, milking every possible joke about the most important meal of the day until there isn’t a drop left in the bowl.