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Tech dominates FT and McKinsey’s book of the year lineup
<p>Banking and economics titles may have dominated the FT’s business book of year award since its 2005 launch, but in tech-crazy 2015, things are a little different.</p> <p>Of the six books shortlisted for this year’s award, only Richard Thaler’s Misbehaving comes in straight from the economics front, while four of the five remaining titles blazing in from the wonderful world of tech:</p> <p> Digital Gold, Nathaniel Popper<br /> The Rise of the Robots, Martin Ford<br /> Losing the Signal, Jacquie McNish and Sean Silcoff’s<br /> How Music Got Free, Stephen Witt</p> <p>While Digital Gold – Popper’s take on the history of Bitcoin – surely looks interesting, Martin Ford’s alarming vision of a fully-automated future seems to be the tech favorite so far. It still has a long way to go to reach Thaler’s masterful take on behavioral economics though – Misbehaving currently has 46% of votes going for it, while The Rise of the Robots only has 25%.</p> <p>Which one's your favorite?<br /> Photo: Dominik Bartsch</p>
Bonus idea #8: Charter Rupert Murdoch’s yacht
<p>Expecting a fat paycheck this bonus season? Great, here’s one way to spend it.</p> <p>Reportedly owned by the real world’s answer to Bond villains – Rupert Murdoch – the magnificent, 67.2 meter sailing yacht Vertigo is currently available for charter at Y.Co.</p> <p>It boasts sleek, “loft-like” interiors designed by Wendy Deng’s favorite designer, Christian Liaigre, and has enough room for 12 guests looking for a bit of fun on the high seas.</p> <p>On deck, the yacht has a gym, an open-air cinema, a 10-person Jacuzzi with retractable sun pads, and a long list of toys fit enough for your typical multi-billionaire media mogul.</p> <p>It also comes with a crew of 11, all aching to cater to your every whim. Check it out:</p> <p>Prices start at €225,000 a week for summer cruises in the Mediterranean, and according to this website, €225,000 a week for winter sailing along Asia.<br /> Photo: Yacht Rent</p>
These are the greatest tips Paul Tudor Jones can give
<p>These are the greatest tips Paul Tudor Jones can give.</p> <p>This was originally published by ValueWalk. </p>
Video: Warren Buffett on philanthropy
<p>Warren Buffett, despite dedicating most of his adult life to compounding his wealth, is absolutely no stranger to philanthropy. In June alone, the man donated $2.8 billion worth of Berkshire Hathaway shares to the Bill and Melinda Gates Foundation and to four other family charities – that’s more than what Bill Ackman’s worth at the moment.</p> <p>Here he is talking to the Financial Times about The Giving Pledge – the campaign he and Bill Gates launched in 2010 – and the act of giving itself. He apparently wants Silicon Valley’s young billionaires to join him and Gates in their crusade, though he does have some reservations:<br /> “When I wound up my partnership in 1970, I had $25m and if I’d given away a large portion of that then there would be far less to give now.”</p> <p>Photo: Fortune Live Media</p>
The cost of living in a bubble: $455m
<p>If you are into unique properties, then look no further than “Palais Bulles”, the French Riviera estate of Italian-born designer Pierre Cardin that has just gone on the market.</p> <p>Looking like a terracotta cluster of bubbles, the $455 million property (insert joke about frothy real estate valuations here) is found atop a cliff in Massif de L’Esterel, a volcanic mountain range by the Mediterranean Sea.</p> <p>Designed by Antti Lovag, the estate spans 13,000 square feet and consists of 28 spherical rooms including 10 suites with round beds. It also has three swimmings pools, several gardens, and a 500-seat amphitheater. Forbes reports that the style is typical of the Hungarian architect who believed the straight line to be “an aggression against nature,” given its rare appearance in the organic world. </p> <p>The property is famous for hosting countless star-studded bashes over the course of  Cardin’s 20-year residency, including James Bond’s 40th Birthday Party.<br /> Photo: Alamy</p>
Stefano Potorti’s top 7 Italian restaurants in London
<p>With more than 1,000 Italian restaurants to choose from in the City, finding the most authentic and best spot can be a challenge. Stefano Potorti, an Italian native and long-time Londoner and Managing Director of Sagitter One a boutique hospitality consultancy, gives us his top 7 picks.</p> <p>Stay away from any menu that has pasta and Alfredo sauce, or spaghetti costoletta alla Milanese – these aren’t Italian dishes, and the restaurant probably isn’t either.</p> <p>Potorti, who is originally from the most southwest region of Calabria, the mountainous and coastal region that composes the toe of Italy’s boot on a map, has lived in London for 12 years. He consults clients on various culinary projects, but because of his Italian roots, he is always asked about his favourite Italian restaurant in London. Here is his list:</p> <p>1) Cacio e Pepe</p> <p>46 Churton Street, London,<br /> Monday to Saturday 11:00am – 11:30pm</p> <p>I like this new stylish place in Pimlico for its regional cuisine from Lazio. It has a nice modern bar for an Aperitivo or light dinner on the ground floor and tables with comfy sofas in the basement where you can have some private space for a group of people. My favourite thing on the menu is their signature Roman pasta made with fresh tagliolini Cacio &amp; Pepe style in a parmesan basket – it’s very simple, beautiful and delicious! The outdoor seating will also let you soak in the last few days of Indian summer in London.</p> <p>2) Osteria dell’Angolo</p> <p>47 Marsham Street, Westminster<br /> Monday to Friday 12:00pm – 3:00pm<br /> Monday to Saturday 6:00pm – 10:30pm</p> <p>Located behind the Westminster Cathedral, this is a nice place for lunch and dinner in a quiet yet central part of London. I like their spacious space and classy tables. When they open windows and full walls on a warm day, you are instantly transported to the South of Italy. The bar is very inviting and I hardly pass by without an Aperol Spritz in hand. They also have a private dining room with dark wood furniture downstairs next to the wine cellar. I like their whole menu because the chef is from Naples and likes cooking seasonal dishes from the area. If I had to choose, I would go for their traditional pasta from Sorrento with fresh crab meat and courgettes.</p> <p>3) Princi</p> <p>135 Wardour St, London<br /> Open 24 hours/day</p> <p>This Milanese-style bakery is one of the buzziest places in Soho and it is open from 8:00am to midnight. It has a nice modern interior and you can have your meal either standing or seating – very Italian. All the bread, cakes and pastries are made in the spacious kitchen downstairs and served to you over the stone and glass counter by enthusiastic staff. They have warm croissants and brioches for breakfast, filled focaccias and colourful salads for lunch, hot dishes for dinner and, of course, amazing bread to take home! My usual order there is a warm focaccia with mortadella – it reminds me of one I used to live in Italy.</p> <p>4) Zafferano</p> <p>15 Lowndes St, London<br /> Monday to Sunday 12:00pm – 11:00pm</p> <p>Situated in the heart of Knightsbridge, in the summer their terrace is perfect for an Aperitivo and in winter, the red brick interior makes for cosy dinners. The atmosphere is great, the service is very attentive. The meal there is a real treat. If you have important guests coming from Italy – take them to Zafferano and they will love you! My fav</p>
How charity leadership deepens client bonds
<p>Many advisors volunteer in their communities, quietly and anonymously as a matter of personal choice. But recent conversations with advisors show that over a period of time, letting clients know about your involvement with the right charity sends a hugely positive message that deepens bonds.</p> <p>Here are some important lessons, whether you are thinking about supporting a charity or currently volunteering but not letting clients know about it.</p> <p>Show don’t tell</p> <p>For clients, the first and paramount considerations in working with an advisor are whether he or she is trustworthy, capable and a good communicator. Once clients are confident of those dimensions, however, other factors come into play. For many, these factors may include an advisor’s personality and values.</p> <p>That’s why having pictures of your family in your office helps convey a sense of who you are beyond the advice that you provide. And that’s why letting clients know about your charitable activity will communicate your values to clients.<br /> The question is how best to do this.</p> <p>We’ve all heard the expression “actions speak louder than words.” When it comes to writing, Ernest Hemingway was a proponent of the “show, don’t tell” technique, which states that writers should engage readers by actions and feelings rather than by exposition. Here’s how Hemingway explained his “iceberg” theory of writing:<br /> If a writer of prose knows enough of what he is writing about, he may omit things that he knows and the reader, if the writer is writing truly enough, will have a feeling of those things as strongly as though the writer had stated them. The dignity of movement of an iceberg is due to only one-eighth of it being above water.<br /> In communicating your values to clients, the same principle applies; what works isn’t what you say but what you do. Here are four lessons from advisors who’ve let clients know about their commitments to good causes.</p> <p>What are you doing next?</p> <p>Conrad is a veteran advisor who celebrated his 60th birthday five years ago. To mark the occasion, he climbed Mount Kilimanjaro to raise funds for an orphanage in Haiti that was devastated by the 2010 earthquake. While he didn’t approach clients for contributions, he did feature his training regimen and his progress towards his goal in his quarterly newsletter. And since that initial climb, he’s done adventure challenges in Alaska and Morocco to raise funds for this orphanage in 2012 and 2014 and next year is planning a climb up Machu Picchu in Peru.</p> <p>Here’s what Conrad had to say:<br /> I’ve had an amazing response from clients to these treks. A number of clients have offered to support me with donations. But beyond that, many will start meetings by asking about the orphanage and also what I’m doing for my next challenge.</p> <p>I think there are a number of reasons for this. First, I’ve kept these treks top of mind with clients. I visited the orphanage to deliver the first cheque and featured photos of that in my newsletter and on my website and also have pictures of that visit in my office. In fact when I meet with prospects, they’ll sometimes see the pictures and ask about the orphanage or about the things that I’ve done.</p> <p>Second, this wasn’t a one-off effort. I have built this into my routine to the point that clients now are used to this. The fact that it was unusual also helped. People are accustomed to weekend walks and runs to raise money, but my adventure treks stand out as being different. The cause is also a bit different. No one can quarrel with supporting a Haitian orphanage. Now that I’m 65, I think these treks also send a positive signal to clients about my health and energy level. In fact I have had clients ask if I’d t</p>
Booking and bottle service app TableLink makes London debut
<p>Nightlife in London is changing. The days of calling up your regular restaurant and calling up friends individually to make plans are something of a relic. Now, there’s an app for that. Two brothers, Floris and David Wentholt, fresh from business school, started with company with an ex Deutsch Bank banker and former Forex trader, reports FinBuzz.  </p> <p>On Friday, September 25th TableLink, an application to book tables and bottle service and split bills between friends, launched its service at the Libertine Club by Chinawhite.</p> <p>Two amazingly tall and attractive blond-haired blue-eyed men, co-founders Floris and David Wentholt, welcomed guests at the entrance. The club was filling up with party-goers who wanted to “reclaim” their nights out, as the app promises.</p> <p>TableLink is the first book and pay platform which claims to “revolutionize” our ordinary social life, starting with the way we go out. Yes, booking a table with friends in a nightclub is a pain! With TableLink, club goers are now able to quickly scroll through a list of their favourite nightclubs and lounges, book the table, bottles, and tickets they want, invite the friends they want to come and pay together directly through one integrated platform.</p> <p>At the big kick-off people enjoyed free drinks and souvenirs and were treated to scantily clad female dancers and a flame-inspired light installation. Floris and David gave a small speech and the night began.</p> <p>The event was attended by gurus of London club scene, namely, John Stephen, co-founder and Senior adviser of the TableLink. Stephen is an iconic figure in nightlife and is the original founder of one of London’s most venerated nightclubs, Chinawhite. Knowing all the influential people in the restaurant and nightlife industry, John Stephen is one of the best-connected individuals in London nightlife. John continues works as a hospitality consultant in London and Dubai.</p> <p>At 11:00pm, the crowd was split into two groups. The first group, which your humble reporter was part of, was transferred to the VIP lounge with tables full of Moët &amp; Chandon Nectar Imperial Rose and canapes. This was the first real-life experience of the app – being VIP and feeling the difference. When I was leaving the party, a long queue outside had gathered.</p> <p>The idea came to David when he once was rejected from a club.</p> <p>On top of that, Floris and David have always worked as a team and had dreamt of starting a business together at some point. The fact that they are very different from each other allows them to benefit from versatile skill sets.</p> <p>Before venturing out on their own, both had been well on their way in their own individual careers.</p> <p>Floris, 26 worked as an engineer for P&amp;G and has a very methodological thought process and likes thinking out of the box. Having worked as a management consultant on investment transactions of over £3bn in cumulative value, he has nurtured a passion for precision and data has consequently become a very data driven person.</p> <p>Floris, holds a master’s in management degree from London Business School and a Master’s degree in engineering from University of Leuven In Belgium. He speaks English, Dutch, French, and Spanish.</p> <p>David, 27, has lived and thrived in over seven countries and also speaks the four languages fluently. As a sportsman and ‘bon vivant’, David loves travelling, going out and making the world his playground, this is why he founded TableLink. David holds a dual Master’s degree from t</p>
The other side of Credit Suisse: baking cookies and pulling weeds
<p>&nbsp;</p> <p>Once a year Credit Suisse employees across the world take part in the bank’s social-volunteer projects. Instead of sitting in the office, curious employees can spend a day volunteering in the community.</p> <p>The volunteer program has been around for 9 years and is extremely popular, since the employees can themselves choose the volunteer activity which interests them. All of the bank’s 45,800 employees, from managers to entry level, are eligible for the program.</p> <p>In 2014, more than 7,800 Swiss employees took advantage of the opportunity and together contributed 63,000 volunteer hours. Most bankers are motivated by the opportunity to help society, as well as learn something new.</p> <p>Bankers get a chance to do hands-on activities, like learning how to bake traditional Swiss croissants, call ‘gipfels’, from locals. This gives employees an opportunity to spend a day in a bakery and learn about the peculiarities of a new profession and at the same time acquire a new skill set.</p> <p>It’s not all fun and games, the baking volunteer days start at 6:30 am, and the new bankers-turned-bakers must go through rigorous hospital-like hygienic procedures and then dive into baking.</p> <p>Volunteers aren’t given instructions how to make the cookies but have to learn on the job, which takes them out of their comfort zone. Employees get a chance to work with a new team and learn from each other.</p> <p>Besides mastering the art of baking, potential volunteers are exposed to a wide range of other programs, such as managing events for people with limited abilities, repairing items at the Transport Museum, planting fruit trees, or cleaning up the woods.</p> <p>Another activity involves taking a group of bankers into a special forest management zone, where there is a special focus on preserving unique landscapes and taking care of local types of fauna. The essence of the job here is removing weed and removing sedge from ponds. All these activities help preserve a forest and prevent the unnecessary migration of fauna – butterflies, frogs, and birds.</p> <p>Credit Suisse employees constantly give positive feedback on the day spent in the open air.</p> <p>This story originally appeared in FinBuzz.<br /> Photo: Michael Verhoef</p>
Private equity goes off-Broadway
<p>Private equity deals are full of drama, and now they're hitting off-Broadway.</p> <p>Beginning March 1, "Dry Powder" will show "the people molding and messing with the American economy" and "the price of success and the real cost of getting the deal done," reports the New York Post. John Krasinski, better known as Jim on "The Office," will star in the play.</p> <p>The show was written by Sarah Burgess and will be directed by Thomas Kail, the director of "Hamilton."<br /> Photo: Herman Yung</p>