- Americans have more of their assets in the stock market than ever before. They are more exposed than ever to a market slump. CNN
- Direct and indirect stock holdings accounted for an all-time high of 45% of households’ financial assets in the second quarter, according to Federal Reserve data.
- The median net worth of the richest 1% sits at about $13.2 million.
- At $100 million, one is closer to the top .03%. I.e., wealthier than 99.7% of the population.
Lifestyle & Personal Notes
Watch House of Guinness on Netflix. “Ideas are a commodity. Execution of them is not.”