Insights Blog
Hanging with 20,000 of my Closest Friends
Jun 19, 2023 // Adam Bruderly
We recently attended our fourth Bruce Springsteen & The E Street Band concert, each of which has been an unforgettable experience. Every time I leave the venue, I find myself questioning how he consistently delivers such powerful performances. His illustrious career, which commenced with his first concert in 1972 at the tender age of 23 and has spanned five decades, has blessed us with generation-defining music that has become the soundtrack of our lives.
I not only wonder about his methods but also his motives. And for the first time, as the lights brightened at the end of the show, I think I grasped why he continues to create and perform. As much as we, the audience, gain from his music and the communal experience of sharing it with an arena full of Springsteen fans, I believe he and the E Street Band receive an equal, if not greater, emotional return. He can sense the bonds his music has fostered, the memorable moments underscored by his songs, and the tough times his music has helped people endure. I vividly recall the emotions I felt when I first listened to ‘The Rising’ in 2002 about a year after 9/11. I comprehend the unity of 20,000 voices harmonizing to ‘Born to Run,’ but I imagine the experience of standing onstage, hearing the lyrics you penned being sung back to you, is on an entirely different level. As much as we say thanks Bruce, he is saying that right back to us.
“Tramps like us, baby, we were born to run.”
Four Pillar Friday
Stories, research, and reflections on how we spend our most important currency: TIME
The 90-Day Rule After a Major Liquidity Event
When a liquidity event turns years of work into cash, the biggest risk is not the market. It is moving too quickly. The first 90 days should focus on control, not optimization. That means separating tax liabilities, avoiding rushed allocation decisions, and giving your financial structure time to catch up. The goal is not immediate precision. It is reducing the chance of irreversible mistakes while your new reality comes into focus.
Why Diversify?
Diversification is one of the most widely used and often misunderstood concepts in investing. While it’s commonly associated with simply “not putting all your eggs in one basket,” the real benefit runs deeper. At its core, diversification helps reduce the impact of risks that are unique to individual investments, while allowing portfolios to capture broader market returns. Just as important, it helps smooth the experience of investing, making it easier to stay disciplined through periods of uncertainty. When investors understand both the theoretical and behavioral advantages, diversification becomes less of a rule of thumb and more of a foundational principle in building a resilient portfolio.
