Recessions, like unhappy families, are each painful in their own way. And the next one – which economists see as increasingly possible by the end of next year
10 Monday AM Reads
My back to work morning
train WFH reads:
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Ford’s F-150 Lightning Is Winning the EV Truck War for One Simple Reason This is a case of the early bird getting the worm, but not in the way you might expect. While other automakers may beat Ford to the starting line, Ford is set to beat everyone else to market with an electric truck that’s accessible, affordable and enticing to America’s gas-loving truck owners and there are a heck of a lot of them. (Inside Hook)
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SoftBank Answered Critics With a Strong Turnaround. Its CEO Explains What Comes Next. Faced with widespread doubts about the company’s strategy, Masa has answered his critics with stellar performance. The past 18 months fundamentally revamped the 40 year-old company. The result is a more rigorous approach to investing, a clearer mission, and an increased conviction that SoftBank can generate substantial returns by investing in artificial-intelligence plays. (Barron
BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast I have an extra special guest, Scott Sperling co-CEO of T.H. Lee. He’s on the firm’s Management and Investment Committees.
T.H. Lee is one of the top private equity firms. They’ve been around since the 1970’s. They’ve done countless, countless deals, hundreds and hundreds of deals.
You might be familiar with some of their bigger deals. They did the Warner Music deal. That was a multibillion-dollar deal about 20 years ago. Dunkin’s is a group of franchisees from Dunkin’ Donuts. Perhaps the biggest deal they did or the most mindshare Cher was the Snapple deal. They bought Snapple. They took them public. They facilitated the sale to Quaker Oats.