Operation Varsity Blues is the FBI investigation used to charge 50 people “with being part of a long-running bribery scheme to get privileged kids with lackluster grades into big-name colleges and universities.” The FBI sting netted two actresses: Felicity Huffman from Desperate Housewives and Lori Loughlin from Full House. In addition, 33 parents have been charged including the former CEO of PIMCO and the founder of TPG Growth.
Dr. Daniel Crosby is the author of The Behavioral Investor. In his book he highlights a story about Fidelity Investments and their attempt to identify their best performing retail accounts. They found that the individuals who owned these accounts had forgotten they existed, or the original account owner had passed away. Fidelity was probably looking for an investment theme to duplicate. However, they discovered that these accounts weren’t being traded or tainted by human hands – living or deceased.
Nebraska Football has a storied history. It’s regarded as one of the best football programs of all time. Since 1890 they’ve won 893 games, more than all but four schools, and claimed five National Championships: 1970, 1971, 1994, 1995, and 1997. Three of their players have won the Heisman Trophy: Johnny Rodgers, Mike Rozier, and Eric Crouch. Tom Osborne and Bob Devaney combined to coach the Cornhuskers for 36 years. These two icons accounted for 40% of the wins an all five of their National Championships.
A home built on rock can withstand countless storms.
Most people, I think, would agree building a home on solid ground makes sense. Today, if a home doesn’t have a solid foundation, like rock, a builder will fortify it with cement, rebar, steel, or some other material to make sure it stood for generations.