Hi All!
Below is your weekly dose of a list of things I’m reading, watching, listening to, or thinking about from my No. 228 May 3, 2024 newsletter. If this message was forwarded to you, sign up for this newsletter using this link.
Quote I’m Re-Reading
A key point to bear in mind. You’re better off not giving the small things more time than they deserve. – Marcus Aurelius
New Video I Posted
Tax credit transferability allows businesses to transfer all or a portion of any of 11 clean energy tax credits to a third party in exchange for tax-free cash.
Businesses transfer tax credits to take advantage of tax incentives if they do not have sufficient tax liability to utilize the tax credits themselves.
Imagine you have a coupon for a free pizza, but you’re allergic to cheese.
The clean energy tax credit is like that pizza coupon.
If you can’t use the coupon yourself (because you don’t owe enough taxes), you can transfer or sell that coupon to someone else who can use it to get the free pizza.
Transferability allows the value of the tax credit to still be utilized, even if the original recipient can’t directly benefit from it.
Companies that develop clean energy projects earn tax credits, but some smaller companies may not have enough tax burden to claim the full value of the tax credit.
Article I Read
11 Reasons Not to Become Famous (or “A Few Lessons Learned Since 2007”) is a chilling to-read article highlighting the downsides to fame. Many of the stories in this article are terrifying.
Podcasts I Listened To
Invest Like the Best with Patrick O’Shaughnessy offers conversations with the best investors and business leaders. I love this podcast. Here are a few of my favorite podcasts that I listened to recently:
Marc Lasry – Making Bucks in Credit and Sports
Bill Gurley & Michael Mauboussin – Putting Theory into Practice
Tim Ferriss – Curating Curiosities
Ken Langone – The American Dream
Sean Feeney – Reinventing the Restaurant Business
Video I Watched
Keynote by NVIDIA CEO Jensen Huang at 2024 SIEPR Economic Summit
