Header Ads

Drink till you're rich

In the U.S., retail investors poured into Reddit's WallstreetBets to get hot stock tips. In Japan, they have opened a bar where investors can thrash out stock punts.

The brainchild of Satoshi Uehara, the pseudonym used by a popular investing influencer on Twitter, Stock Pickers was set up in early March after a crowd-funding campaign which took in more than $50,000—nearly six times its goal.

A bartender prepares drinks next a screen displaying stock quotes and other financial information.

Photographer: Noriko Hayashi/Bloomberg

Stock Pickers' walls are decorated with Warren Buffett books and investing paraphernalia and inside jokes. One sign urges: "Don't fight the NIPPON GINKO (the Bank of Japan)." 

Investors can try a "Margin Call," a vodka, grenadine and Campari cocktail; its biting taste is intended to evoke the bitter feeling traders might experience upon getting that unpleasant call from their broker. A "Lehman Shock" is fittingly very boozy.

Among the non-alcoholic options, there's an "Abenomics"—perhaps named because it's less punchy than investors might have hoped—made with cherry blossom syrup and grapefruit juice.

Original cocktails at Stock Pickers, from left, "Abenomics", "Lehman Shock" and "Margin Call".

Photographer: Noriko Hayashi/Bloomberg

The bar has been almost full nearly every day since it was opened, said Riki Yamauchi, a finance professional and the bar's PR manager, even though Stock Pickers was launched when Japan was still in a coronavirus state of emergency. (Bars remained open during the state of emergency but were asked to close early.)

Younger investors come to meet Uehara, while more seasoned traders also come to offer their investing savvy to newbies, said Yamauchi. "People's mentality is changing—you really have to think about how to structure your wealth."

Investing paraphernalia including Warren Buffet's books, left, are displayed inside Stock Pickers bar in Tokyo.

Photographer: Noriko Hayashi/Bloomberg

It's also a surprise favorite among the pros: institutional investors.

"It's because of Reddit and GameStop" that more institutions are interested, says Yamauchi. "People really care about what retail is thinking." —Gearoid Reidy and Shoko Oda

Make That Bank

Pablo Picasso's Femme Nue Couchee au Collier, from 1932, purchased by crypto investor Justin Sun for £14.6 million (about $20 million).

Source: Christie's

Crypto Investor Moves On to Picasso After $69 Million Beeple NFT Miss

Justin Sun, a Chinese tech investor, has transitioned from digital to IRL art.

What It's Like to Shop for a Rolex for the First Time
We follow along as a complete watch newbie has a date with the King.
Baseball Cards Go Crypto as Auction Houses Warm to New Currency

Goldin Auctions, the trading card and memorabilia auction house, is the latest to hop on the crypto bandwagon.

NFT Mania Subsides After Breakout Month of Sales
For the digital art market, there really was no direction to go other than down.
'Confidence Is Starting to Build' for Unusual, Heated Auction Season

Last week's Sotheby's and Christie's results anticipate novelty—not name-brand artists—and a lack of $100 million masterworks at May sales.

Eggscellent

Whether you're celebrating Easter or just love eggs, Ferran Adrià, one of the world's most lauded chefs, has a dead-simple recipe that's brilliant for breakfast or lunch: the potato chip omelet.

"It came to my mind thinking about the cheese omelet. If we did not do the cheese, why not try using potato chips?" said Adrià, in an email. "I normally cook it once a week."

Among the virtues of the potato chip omelet: It takes about 5 minutes from start to finish. 

Photographer:  Francesc Guillamet and Maribel Ruiz deErenchu 

Using just three ingredients—eggs, olive oil, chips—even salt is rendered unnecessary. Imagine the best forkful of eggs with hash browns, yet melded more perfectly together.

Innovators inspired by Adrià's creativity should be advised that well-salted chips are key to this equation. If you want to experiment with something like the South Korean cult favorite honey butter chips, you will need to add salt; you might want to have some seasoning handy, anyway. Thickness counts, too: Ridged-chips such as Ruffles or kettle-cooked give a slightly firmer bite.

Above all: use the best quality ingredients you can.

Food editor Kate Krader decided to experiment with different potato chips for her omelet. The especially starchy Ruby Crescent from her local farmers market was her favorite.

Photographer: Kate Krader/Bloomberg

The following recipe is from the 10th anniversary edition of Ferran Adria's The Family Meal (Phaidon; $30).

Tester's note: For reference, a small bag of chips is generally 1 ½ oz. Although the chip quantity need not be precise, you shouldn't add more; err on the side of too little if you're not weighing. Using a good nonstick skillet will make inverting the omelet dead easy. 

Potato Chip Omelet

Serves 2

6 large eggs
2 ¾ oz. salted potato chips
1 ½ tbsp. olive oil

In a bowl, beat the eggs with a balloon whisk until very frothy. Add the potato chips—taking care not to break them up—and let them soak for 1 minute, gently pushing them into the eggs.

Adrià's book includes step-by-step visuals.

Photographer:  Francesc Guillamet and Maribel Ruiz deErenchu 

Place a 10-inch nonstick skillet over medium heat and add 2 tsp. of the oil. Add the egg mixture and stir gently with a rubber spatula. Use the spatula to loosen the sides of the omelet from the edge of the pan. After 40-60 seconds, when the bottom of the omelet has set, cover the omelet with a plate. Holding onto the pan with one hand, carefully turn the pan over so the omelet slides onto the plate.

Return the pan to the heat and add the remaining 2 tsp. of oil. Slide the omelet from the plate into the pan and cook the uncooked side for 20-30 seconds longer. Transfer to a plate, cut in half, and serve.

In Other Tasty News

Chef Daniel Humm and team at Eleven Madison Park launch a food truck in partnership with Rethink.

Photographer: Clay Williams/Bloomberg

A World's Best Restaurant Starts Food Truck Ahead of Reopening
Power-Pasta Spot Carbone Is Bringing Its Sauce to Supermarkets
How the Pandemic Made Lamb More Popular in America
Six Standout New Cookbooks That Will Open Culinary Doors for Any Tastes
How to Spend $550 on Dinner for Two Without Leaving Home
NY State Arts, Entertainment Venues Can Open at Limited Capacity

Snippets

Redcliffe Quay, in St. John's, Antigua and Barbuda.

Photographer: Sean Pavone/iStockphoto

"The problem is not tourists." —Prime Minister Gaston Browne on the skyrocketing of Covid cases following the reopening of Antigua and Barbuda to travelers.

The "Voltzwagen" logo.

Photographer: Krisztian Bocsi/Bloomberg

"Choosing to joke about it undermines their commitment." —Tom Morton, chief strategy officer for the U.S. at advertising firm R/GA in New York, on Volkswagen's April Fool's Day announcement gone awry.

Save on your room but s​​​​​plurge on your tips, because having extra service, smiles, attention will make your stay so much better.

Photographer: Adie Bush/Cultura RF

"We got a tipper—we got a live one!" —Hospitality entrepreneur Roman Jones explaining one of his travel hacks.

Jose Posada, one of Brazil's top dubbing talents.

Source: Netflix

"Sometimes it's a surprise to folks in Hollywood, but only about 5% of the world's population speaks English natively." —Brian Pearson, a vice president at Netflix in charge of creative services, on the boom in dubbed shows.

The $600 billion market for women in menopause is fit for disruption.

Source: Womaness

"It's not a 'keep it in the closet' kind of conversation any longer." —Dr. Orit Markowitz, a board-certified dermatologist, on the rise in high-end beauty products for women in menopause.

And if you read just one thing...

The Missed Business Opportunity That Is Pro Tennis

A sport that leaves even elite athletes taking second jobs has a new players group led by Novak Djokovic wanting to fix its economics. If only it were so simple.

 

Like getting the Pursuits newsletter? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

 

No comments