THE JOHN LOTHIAN NEWS DAILY UPDATE – 3/19/2021

John Lothian

John Lothian

Executive Chairman and CEO

 

The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.

 

Hits & Takes

JLN Staff

Congratulations to JLN intern Owen Rehling for his first byline story, covering the speech at FIA Boca on Thursday by Dr. Hakeem Oluseyi of NASA. Normally, Owen would be required to buy the team a beer, but we will let him off the hook for now.

Thank you to FIA for putting on a great FIA Boca-V. And thank you to the JLN team for all the hard work covering the conference. It was a true team effort. A special thanks to Suzanne Cosgrove for filling in as acting managing editor and editing all the stories in the absence of Sarah Rudolph, who is out recovering from surgery. For you PR people, remember to send releases to Suzanne Cosgrove at SuzanneCosgrove@johnlothian.com

Speaking of surgery, it was eight years ago yesterday I had my knees replaced upon returning home from that year’s Boca conference. Since then I have had a hip and a shoulder replaced and two back operations. Throw in a belly button hernia just for fun. And now I am to get an electronic stimulator in my back to help me manage pain. You have to love the advances in medicine. They can do amazing things. I don’t think I still would have been here without these surgeries, especially the back and knees, so life at this point is a gift. I don’t mean to be melodramatic, but I truly feel this way.

In the meantime, I am trying to make as good of use of my time as I can. And one of them is to record industry history via our several video series. So thank you to all who have supported this effort, either through sitting for interviews or donating to our GoFundMe campaign.

However, yesterday we had no new donations to our GoFundMe campaign. Support our efforts to preserve industry history by giving to our GoFundMe campaign.

There is a profile of Nasdaq CEO Adena Friedman in Barron’s.

Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL

First Read

What have we learnt from a year of Covid? ‘If you show us images of selfish covidiots, we are more likely to be selfish. Show us noble altruists and we aspire to be like them’
Tim Harford – FT
We are now about a year into the ohmygosh-this-is-for-real stage of the pandemic. A time, perhaps, for taking stock of the big decisions — and whether they were wise. To my mind, there were two big calls to be made. The first: was this virus a deadly enough threat to merit extraordinary changes to life as we know it? The second: should those changes be voluntary or a matter for politicians, the courts and the police?
/on.ft.com/3vJcIHF

******To hoard toilet paper?~JJL

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What to Watch in the First Weekend of the Men’s N.C.A.A. Tournament; Gonzaga will start its quest for six more wins and an undefeated season, and four teams are dealing with virus issues.
Adam Zagoria – WSJ
The 2021 N.C.A.A. men’s basketball tournament tipped off Thursday with the play-in games from Indiana. They included a late-night matchup of the blue bloods U.C.L.A. and Michigan State, winners of a combined 13 national championships, but the action tips off in earnest on Friday.
/nyti.ms/38WMFD7

*****Watch everything!!~JJL

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Tired Goldman Sachs underlings beg to work ‘just’ 80 hours a week, instead of 100
Alexandra Steigrad – NY Post
Goldman Sachs underlings say grueling, 100-hour weeks have damaged their health — and they claim the relentless grind has pushed them closer to ditching their coveted jobs at the Wall Street giant. The gripes come from a disgruntled group of 13 first-year analysts in Goldman’s investment banking unit who surveyed themselves about their work woes — and then organized them into a detailed PowerPoint presentation that has since spilled onto social media.
/bit.ly/3cLFqPr

******It is a privilege to work for Goldman. Remember that.~JJL

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Thursday’s Top Three
The top story on Thursday was John Lothian News’ Jack Sandner Remembrances, which was No. 2 yesterday and has been widely read all week. The second most-read was also from John Lothian News, Jeff Bergstrom’s report from the FIA, FIA Boca-V: Global Exchange Leaders – Fintech. And a lead piece in the New York Times was No. 3, Penny Stocks Are Booming, Which Is Good News for Swindlers.

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