The Best One Yet 🏦 “Mergers & Athletes” — Goldman’s sports agency. Burberry’s british pivot. Sonder’s hotel drama. +RIP Penny
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Nov 14, 2025 Goldman Sachs is diving into the sports world by acquiring a talent agency and a VC firm, aiming for a slice of massive profits. Burberry is experiencing a stock surge by embracing its British roots and capitalizing on rainy weather. Meanwhile, Sonder's abrupt shutdown has left many out in the cold, drawing comparisons to WeWork's downfall. Also, a quirky tribute to the American penny rounds out the discussion, highlighting its obsolescence in today’s digital age.
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Farewell To The Penny
- The hosts delivered a whimsical obituary for the American penny after the Mint stopped producing them.
- They noted cultural traces like penny loafers and that pennies remain legal tender despite last minting.
Airbnb Host Meets Long-Lost Academic
- Jack described hosting on Airbnb and matching with a 75-year professor from Michigan he recognized.
- The story highlights personal connections that hosting can create beyond income.
Tiny Percent Of Huge Deals Wins
- Goldman Sachs prefers tiny percentages of massive deals rather than consumer banking margins.
- That strategy explains its record advisory fees and all-time high stock price.