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Beyond the Headlines: See What Rich Folks Are Doing Now (It's Smart)
Plus, OpenAI's gutsy next move and why Wall Street digs this $14 stock ...
Stock Picker's Corner (SPC)
August 26, 2025
In this latest edition of Beyond the Headlines …
The Wall Street Journal
What’s Happening: A growing number of wealthy retirees are commissioning ghostwritten memoirs to preserve their own histories for future generations. The stories typically highlight humble beginnings, hard work, and family values. Some include surprising revelations, such as psychedelic experiences or jail stints. Others are clearly meant to inspire spirituality or to nurture entrepreneurial spirit. The memoirs are often gifted during holidays or family gatherings, serving as legacy pieces.
Why It Matters: This trend reflects growing worries that legacy wealth won’t be accompanied by the values that helped create it. Memoirs are becoming tools for emotional inheritance, helping heirs understand the sacrifices and struggles behind the wealth they receive. Financial institutions are even offering memoir services to high-net-worth clients as part of legacy planning, and some families are turning to video documentaries and even QR codes on tombstones to make sure stories are preserved. Ultimately, these personal histories are a way to pass down more than just assets.
The Opportunity: Memoirs highlight a deeper truth: Families can benefit from open, thoughtful conversations about inheritance, values, and legacy. But you don’t need a professionally written book to start those discussions. Anyone can take the time to share their story, clarify their intentions, and make sure loved ones understand not just what they’re passing on, but why. When paired with financial planning, these conversations can reduce confusion, prevent conflict, and strengthen family bonds.
Below are just a few of our wealth-planning resources for all of our readers.
Bloomberg
What’s Happening: OpenAI is looking at ways to transform its AI infrastructure expertise into a revenue generating business — similar to how Amazon monetized its cloud capacity. While not a current priority, the company sees long-term potential in helping other ventures build and access AI optimized data centers.
Why It Matters: This is yet another sign that AI’s hold on our daily economy keeps deepening: AI software heavyweights will make themselves even more essential by monetizing the physical backbone of their operations. OpenAI’s move toward owning and potentially leasing infrastructure could serve as a kind of “moat” for better protecting its intellectual property and cutting its dependence on third-party vendors.
The Opportunity: As OpenAI considers monetizing its infrastructure expertise, investors don’t need to wait for a new business line to emerge. Several publicly traded companies are already powering AI infrastructure buildouts, especially within the energy sector.
In our free guide, “Visualizing the AI Boom: A Power Play for Profits,” we talked about companies like ABB Ltd. (ABBNY), nVent Electric $NVT ( ▼ 0.76% ) and GE Vernova Inc. $GEV ( ▼ 0.78% ) — each of which have trounced the 8.65% year-to-date gain of the S&P 500.
Source: Google Finance
Bloomberg
What’s Happening: Citi analysts level jumped their rating of the Brazil-based fintech operator Nu Holdings Ltd. $NU ( ▲ 2.08% ) from “Sell” to “Buy,” setting an $18 price target.
This follows a strong second-quarter performance where:
Nu added 4.1 million new customers for a 17% yearly increase.
Revenue totaled $3.7 billion, a FXN (foreign exchange neutral, meaning results are adjusted as if currency exchange rates remained constant) increase of 40%.
And $1.55 billion in profit, 24% FXN increase from the previous year.
Why It Matters: Investing globally helps reduce risk by spreading exposure across different economies, industries and currencies. In the last issue of Beyond the Headlines, we shared Nu Holdings as a portfolio candidate for anyone interested in diversification.
The Opportunity: Shares have climbed 34% since Chief Stock Picker Bill Patalon first shared NU with all of our readers on April 9. Like any company, Nu has its risks, ranging from regional instability to credit risks with lending to challenges in sustaining its high growth rates. But Bill likes the company over the long haul, projecting the share price (closing at $10.92 on April 9) could double in three years. With shares rising so high so quickly, consider Bill’s “Accumulate” strategy, where you start a foundational position and buy more on pullbacks.
