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This edition of The Hustle was brought to you by
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Goldman Sachs
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... Tackling the gender investing gap.
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Hospitals are getting impatient with lengthy inpatient stays
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Hospitals are starting to
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invest in real estate
</a>
and build their own housing units as a means of addressing homelessness and improving patient outcomes… and cutting significant healthcare costs.
</p>
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<strong>
Hospitals are obligated to provide care
</strong>
</h4>
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When a patient is homeless, hospitals -- which are legally prohibited from discharging patients who don’t have a safe place to go -- are on the hook for keeping them in unit, often at great cost.
</p>
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<strong>
A month’s rent is cheaper than a night in the hospital
</strong>
</h4>
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At
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Denver Health
</a>
, a one-night patient stay costs the hospital $2.7k. Patients who have nowhere else to go spend on average 73 nights in unit... for a total cost of almost $200k.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Meanwhile, patients with acute conditions sometimes spend days in the ER waiting for a bed to open.
</p>
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<strong>
So hospitals are investing in different kinds of beds
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Denver Health is partnering with Denver Housing Authority to renovate an old building into affordable senior housing, with 15 apartments designated as transitional units for homeless patients. The hospital will cover housing costs… and at $10k/year, apartments are a significant savings over prolonged hospital stays.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
<strong>
Zoom out:
</strong>
The country’s biggest managed-care provider, Kaiser Permanente, has pledged up to $200m to fight homelessness and build low-cost housing in multiple states.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
And the White House is considering changes to a law that forbids hospitals from directly paying Medicaid enrollees’ rent… which could sweeten the deal for hospitals getting into the housing biz.
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1 Signal we've been watching:
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<strong>
Jeuveau
</strong>
is a French Botox alternative recently approved by the FDA. Though Botox has been the standard for reducing wrinkles, treatments like Dysport and Xeomin are also finding success. Botox-related procedures
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
are up 800%
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since 2000 in part because of millennials seeking preventive injections.
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Try for a buck
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Private equity firms are gobbling up companies and winning over the market
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
In the decade since the financial crash, big banks and hedge funds have buckled under new regulations and public ire. Meanwhile, private equity (PE) -- a younger industry that operates largely under the radar --
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
has emerged
</a>
as the uncontested winner.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
PE funds are now behind all kinds of businesses, from pet stores to real estate to
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
dermatology
</a>
. Talk about a diverse portfolio.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
It’s like HGTV for private business
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
PE firms’ MO is to buy up companies, slash their costs, then flip them for a profit… minus the tears and cameras. There are a couple things to know about how this kind of investing works:
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<em>
Debts “R” Us:
</em>
Like a kid with their first credit card, PE firms finance all these buyouts with debt. The company getting bought out usually gets saddled with most of it -- which maximizes profits for the funds and their investors… but can
<a style="color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
suck the life out of
</a>
already struggling acquisitions, like
<a style="color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
Toys “R” Us
</a>
.
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<em>
An invisibility cloak:
</em>
The law doesn’t require the same transparency from private companies as it does from public ones. Since PE operates in the shadows, investing experts like Warren Buffett suspect funds have been less than
<a style="color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
“honest”
</a>
with some of their calculations.
</li>
</ul>
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<strong>
But… the pay’s good. For now.
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
While once-safe investments are struggling, PE funds have consistently brought in above-average returns. The success of the industry has inspired an uptick in the number of firms gambling with debt -- and many investors are ignoring the warning signs in favor of possible gains… sound familiar?
</p>
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Weekend binge
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What's hot (or not) on the big screen?
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Joker Review: What a Joke
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The hype was heavy, and so was the violence. But don’t confuse either of those for depth or edginess -- it was completely uninteresting! This surface-level bore would’ve been better as an 8 minute silent film.
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
The Macro:
</strong>
Joaquin Phoenix nailed the laugh, but, all in all, his performance was pretty uninspired. Here’s a white hot take that I’m not even sure I fully agree with: Leto was better.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
The
</strong>
<em>
<strong>
Meecro
</strong>
</em>
<strong>
:
</strong>
Why so serious? Joker wanted to be dark and “gritty” sooo bad. Instead it was hokey and diluted. Yes, the Joker’s demented, but he’s fun. There was nothing fun about this.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
The Micro:
</strong>
The movie reframes the Joker’s iconic laugh as a medical condition. Here’s a question: Are you kidding me?
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
-- W. Schlag
</a>
</p>
</div>
</div>
</a>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="padding-bottom: 30px;">
</td>
</tr>
<tr>
<td id="break1" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px;">
</td>
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<!-- START SPUNKY BRIEF -->
<tr id="news1">
<td class="brief-style ignore-defaults" style="padding-right: 5px; padding-top: 0px; right: 5px;">
<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
TripAdvisor says it’s Shamu’s world, and we’re just living in it
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Starting in 2020, TripAdvisor is
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
ending
</a>
all ticket sales for attractions that breed, import, or capture cetaceans, AKA whales, dolphins, and porpoises (oh my!).
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Parks and aquariums around the world will no longer be visible on the platform -- a pre-purchase stop for
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
the majority
</a>
of online travelers.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Animal rights -- on par for a company with an owl in the logo
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
In 2016, TripAdvisor made a splash with its OG animal welfare policy, which cut off attractions that put travelers in contact with animals in captivity. This is the second time they’ve tightened the restrictions since.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The company says the changes are coming after conversations with animal experts -- but it’s also clear they’re jumping through hoops in response to
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
consumer pressure
</a>
.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
According to TripAdvisor data,
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
more than 80%
</a>
of their users believe animals shouldn’t be kept in captivity just to entertain us landlubbers. The stat echoes
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
Gallup polling
</a>
tracking a broader trend toward public support for animal rights.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
So this is bad news for SeaWorld, huh?
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Yep. As consumers
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
push corporations
</a>
to take on more social responsibility, it looks like there could be casualties.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Even though SeaWorld has spent years
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
rebranding
</a>
after public sentiment for the park took a nosedive -- there may be no coming back from the “Blackfish” blacklist.
</p>
</td>
</tr>
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<tr>
<td>
<!-- START SHARING -->
</td>
</tr>
<!-- START LINK -->
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<table class="emailshare" style="border-spacing: 0; font-family: 'Helvetica',sans-serif;">
<tbody>
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<td align="center" bgcolor="#000000" style="background: #000000; border: 2px solid #000000; border-radius: 3px 0 0 3px; font-size: 14px; height: 21px; padding: 0; text-align: center; vertical-align: middle; width: 21px;" valign="middle">
<span style="color: #ffffff; display: block; float: none; font-weight: bold; text-align: center;">
»
</span>
</td>
<td style="border-color: #000; border-radius: 0 3px 3px 0; border-style: solid; border-width: 2px 2px 2px 0; font-size: 14px; padding: 0 8px; vertical-align: top;" valign="top">
<a style="color: #000000; font-family: Helvetica, sans-serif; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Flip it and reverse it
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
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What Else...
</td>
</tr>
<tr>
<td class="ignore-defaults brief-style" style="padding-right: 5px; padding-top: 10px;">
<p dir="ltr" style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
🦐 Tiny cars like BMW’s Mini (AKA Mini Cooper) are
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
fighting
</a>
for their tiny little lives in SUV- America. Why? Because the people who can fit into them all want that big, strong sport utility!
</p>
<p dir="ltr" style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
🦒 Speaking of height issues, here’s a fascinating study about tall people. New research shows that talls may actually function better cognitively,
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
Quartz
</a>
reports. Of course, there are always exceptions.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
👷 Finally, the hard hat turned 100 years old this year.
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
The New York Times
</a>
tells the tale of how the old dome top came to be, and its storied evolution into a corporate status symbol… that protects talls and smalls alike.
</p>
</td>
</tr>
<tr>
<td style="padding-bottom: 30px;">
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px;">
</td>
</tr>
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<tr>
<td>
<table style="border-spacing: 0px;">
<tr>
<td align="center" bgcolor="#dedede" style="background: #dedede; color: #5c5c5c; font-family: 'Helvetica',sans-serif; font-size: 10px; font-weight: bold; letter-spacing: 1.5px; padding: 5px 0; text-align: center; width: 100px;">
SPONSORED
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Over 80% of global VC dollars go to all-male founding teams
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
And we think it’s time for a change.
<em>
A big change.
</em>
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Goldman Sachs is working to shift this statistic because they know that investing in women is smart business.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
That’s the idea behind
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
<em>
Launch With GS
</em>
</a>
, Goldman Sachs’ commitment to invest
<strong>
$500 million
</strong>
in women-led companies and investment managers to help narrow the gender investing gap.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Recognizing the power of community
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Goldman Sachs is also
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
building a global network
</a>
of entrepreneurs, investors and other business leaders to facilitate connections, share ideas, and uncover opportunities.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Tackling the gender investing gap is a challenge too large to take on alone, but
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
<em>
Launch With GS
</em>
</a>
feels like a big step in the right direction.
</p>
</td>
</tr>
<tr id="cta">
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<a style="color: white; font-family: Helvetica, sans-serif; font-size: 13px; font-weight: bold; line-height: 21px; text-decoration: none;">
Be the change
</a>
</td>
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Shower Thoughts
</td>
</tr>
<tr id="shower">
<td bgcolor="#ffffff" style="padding-bottom: 30px; padding-top: 10px;" valign="top">
<ol style="font-size: 16px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
The banana is no longer the food item that looks most phone-like. The pop tart is.
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
If humans colonize the moon, it will probably attract retirement homes as the weaker gravity will allow the elderly to feel stronger.
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
More and more kids are going to grow up without being stung by a bee now.
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
If robots can’t identify stop signs or traffic lights in captcha images, maybe self driving cars are a bad idea.
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
If giraffes were stealthy meat-eating predators with a taste for human flesh, they would stalk apartment complexes at night and wait for people to walk by their open windows.
</li>
<li style="font-size: 16px; font-style: italic; line-height: 120%; list-style: none; padding: 4px 0;">
via
<a style="color: #d62828; font-family: Helvetica, sans-serif; text-decoration: none;">
Reddit
</a>
</li>
</ol>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
Got your own Shower Thought? Submit it
<a style="color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
here
</a>
, and we might just share it next Friday…
</strong>
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<strong>
Sea Sick, Binki
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.
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6 years ago - news@thehustle.co
This edition of The Hustle was brought to you by Goldman Sachs... Tackling the gender investing g...