Manuel Turizo | Billboard Español
Photographer: Mary Beth Koeth Styling: Brandon Nicholas Digi/Assist: Javier I Sanchez, Johnny Beltran, Emanuel Vinkler Grooming: Natasha Smee Location: Calle Dragones Miami Writer: Jessica Lucia Roiz
Classical economics: All actors are rational. Stocks are efficiently priced.
Behavioral economics, per Nobelist Richard Thaler: Investors’ decisions are warped by emotion and ignorance. Prices can get out of line.
Count Erik M. Herzfeld, a money manager specializing in closed-end funds, in the Thaler camp. He aims to buy when fund shares trade at an irrationally low percentage of liquidating value and sell at a high percentage. Unlike mutual and exchange-traded funds, closed-ends don’t do redemptions, and their prices are a matter of investor whim.
📷 Mary Beth Koeth
💪🏽 Jose Arizmendi & Johnny Beltran
Photography Direction Robyn Selman
Ziggy
📷 Mary Beth Koeth 🧥styling Mila Kastari
studio Ace Props Miami
How A Crime Fighting Cowboy Became Alabama’s Only Billionaire Matt Durot Mary Beth Koeth for Forbes
Jimmy Rane took over a tiny treated lumber business and used his showman’s flair for marketing to transform it into a major player. The Yella Fella from Abbeville is now Alabama’s richest person—and the lumberyard will never be the same.
Photo Director Robyn Selman
Photo Researcher Gail Toivanen
Digi Javier I Sanchez
ELLE for Kohler
A street artist challenging, social norms and fearlessly innovating with her craft, Elle has become renowned as a groundbreaking creator and muralist. She’s exhibited throughout the world—from the prestigious Saatchi Gallery in London to a two-hundred-foot-tall projection onto the facade of the New Museum in New York.
Kohler’s Artist Editions™ collection featuring four trailblazing female artists from around the world will debut at Milan Design Week on April 18th.
🙏🏼 @producedbymakers and @kohler teams such a fun day at @hgab_studios
🖥️ @lightisbeauty
#Kohler150 #MilanDesignWeek2023 @ellestreetart
‘This jacket is from the 70s, but looks completely up to date’ Barbara Hulanicki, the founder of Biba , on her jacket. I made this jacket for Twiggy in the early 70s, which is why it’s so tiny. It was an early sample . I just said: “ Do you want to wear it?” We did lots of her clothes – we were one of the few labels that did such small sizes. I’ve always been inspired by leopard print. When we had the big store in Kensington, we had it everywhere. It never dies, but it can look a bit tacky if it hasn’t been done nicely. If you get the print and the colourway right – if the base colours are correct and the spots aren’t too large – it’s fabulous. 📷@mbkoeth for @guardian
Alexis Ohanian Teaches Building Your Startup
Reddit cofounder Alexis Ohanian teaches you how to turn an idea into a startup. Get the advice he’s shared through his VC fund, Seven Seven Six.
Photographs by Mary Beth Koeth for Masterclass, Digi Javier Sanchez, Assist Miguel Mori, Photo Director Max Morse, Production Becca Selin
Americans in Their 30s Are Piling On Debt Overall burden is up more than for any other age group
Stacey Coquelin, with her daughter, Giselle, 12, says she has been priced out of the neighborhood she hoped to move to before the pandemic. ‘I was trying to buy a house before Covid, and that big housing boom happened,’ Stacey Coquelin says. ‘I got discouraged, a little depressed.’
By Gina Heeb and AnnaMaria Andriotis
Photographs by Mary Beth Koeth for The Wall Street Journal
Why This Fabled Economist Still Favors Index Funds Over Stockpickers
American economist, Burton G. Malkiel, 90 years old.
Writen by Lauren Foster, Photographs by Mary Beth Koeth for Barron's, Photo Editor Alis Atwell
WITH A WEDDING ON THE HORIZON, LELE PONS AND GUAYNAA ARE MARRYING THEIR MUSIC, TOO. Soon to wed, the Venezuelan influencer and singer and the Puerto Rican musician will release their first album together.
Writing | Sigal Ratner-Arias
Photography | Mary Beth Koeth for Billboard
Assistants | Javier Sanchez, Jake Soper
Retouching | Violaine Capra
Bed Bath & Beyond Used to Be Great. These Two Are Why. Co-founders Warren Eisenberg, 92, and Leonard Feinstein, 85, explain their thrifty management, novel approach to merchandising and lucky timing as the chain now nears bankruptcy. See article HERE.
Writer | Suzanne Kapner Photographer | Mary Beth Koeth for The Wall Street Journal
On the 29th of September, I flew solo from Miami to the Bahamas to photograph FTX founder, Sam Bankman-Fried for The Australian Financial Review Magazine’s Young & Rich issue.
Going into the assignment, I knew I had ten minutes to work with Sam. I was hoping for a few tight, dynamic portraits and one environmental option in or around his office. When I arrived, I was given a tour of the main office and was told that I wouldn’t be able to photograph him there. We walked across the parking lot to an empty office space with two small bedrooms on one side, which allowed the company’s employees or visiting investors to sleep. On the other side of the empty space was the office of the company therapist, George Lerner. I set up my lights and asked George if he could sit in for me before Sam arrived on set. We spoke about the challenges of relocating with family to a small, remote island from his former life in San Francisco. I was also able to get a good sense of what Sam would be like to work with. If anyone knew the answer to that, it would be the company therapist.
Sam showed up in his typical wardrobe - an FTX t-shirt, shorts, high socks and sneakers. I worked with him for ten minutes while he was discussing future meetings and business on the side with his assistant standing next to me. He was kind, but seemed distracted, so I decided to forgo the environmental portrait.
On October 28th, our cover came out.
On Friday, November 11, FTX filed for bankruptcy.
Famed businesswoman Rosalind Brewer has held leading positions at Walgreens Boots Alliance, Starbucks, Sam’s Club, Walmart, and other major companies. Learn about Rosalind’s assent up the corporate ladder at Masterclass.
📷 by Mary Beth Koeth
Digi Javier Sanchez
Assist Bryce France
Art Direction Max Morse
Production Becca Selin
Artist Brookhart Jonquil for LUXE Magazine
Brookhart Jonquil’s work brings together concrete materiality with those aspects of the world that lie beyond our ability to directly perceive. Using light, tension, and gravity, his sculptures make tangible the immaterial interactions at the foundation of our experience. In balancing force and form, his work brings to light the same underlying principles that create harmony and stability in all dynamic systems, whether an individual mind, a society, or an ecosystem. Pushing toward an impossible ideal, he draws from utopian architecture and spiritual practice to create sculpture at the precarious edge between the physical world and the transcendent possibilities beyond. -Artist Statement
Sam Bankman-Fried is worth $US16.5 billion, yet he drives a Toyota Corolla. He's spent $US1 billion bailing out cryptocurrency businesses, yet he thinks crypto has yet to prove it's had a positive impact, saying the industry is still 'pre-use case.' He's an advocate of Effective Altruism, and is vegan, yet he lives in the Bahamas, a tax haven. And he's on the cover of the Young Rich issue of The Australian Financial Review Magazine.
"A lot of this is being at the right place at the right time," he tells Mark Di Stefano, with whom he chatted about the 'crypto winter', about being tagged the 'Millennial Warren Buffett' and about Elon Musk, with whom he discussed acquiring Twitter. ("He moved markets, he moved everything.")
What does the future of entrepreneurialism look like? Pick up a copy of our Young Rich List issue to find out. Inside you'll find crypto, gaming, start-up founders trying to meet payroll, music, athleisure, unicorn balloons and Elvis.
Story by Mark Di Stefano
📷️ Mary Beth Koeth
Photo Editor Tim Beor
Meet Two Swamp Witches Saving the Everglades
