PLUS: Morgan Housel on wealth. December 30, 2021
[The Hustle]( Thank you all for hanging with us this year. We have a special âBest of The Hustle 2021â issue lined up for you tomorrow. Be sure to check your inbox for some laughs and insights (and laughs). Todayâs rundown: - Predictions: We rounded up 22 interesting tech, business, media, and science predictions for 2022.
- âThe Psychology of Moneyâ: Best-selling author Morgan Housel tells us the most important form of wealth.
- RIP John Madden: How the legendary NFL coach influenced technology through his video game series âMadden NFL.â
- Around the Web: Bitcoin gift cards, analyzing casino movies, and more internet things. Letâs do it. The big idea
[crystal ball]( The future holds⦠squiggly lines (Source: Eskay Lim / EyeAm) 22 predictions for 2022 As New York Yankee great -- and American poet -- Yogi Berra said: âIt is difficult to make predictions, especially about the future.â For that reason, we at The Hustle outsourced our prediction work and read up on dozens of â2022 predictions.â Here are 22 interesting ones for you: - Apple will hit a $3T market cap. And Microsoft will achieve the same milestone not long after. ([Seeking Alpha]()
- Natural language processing (NLP) will be the hottest funding vertical in the AI industry. ([Forbes]()
- Bob Iger returns as Disney CEO⦠if Disney+ subscribers continue to slow and the stock continues to stumble. ([CNBC]()
- Lithium reaches an inflection point. The metal is critical for EV batteries but is environmentally damaging to extract. This will push the industry to find green alternatives. ([Kearney]()
- The S&P 500 will rise, with Goldman Sachs predicting a +9% gain for 2022. ([Business Insider]()
- Only 10% of firms will go fully remote, with 30% returning to the office and the remainder (60%) struggling to figure out a hybrid model. ([Forrester]()
- Global box office will jump to $33.2B (+58% YoY) but the film industry will have to wait until 2023 to reach pre-pandemic levels of $40B+. ([Variety]()
- The EU becomes the worldâs most important tech referee. While US antitrust bills are stuck in Congress, regulators in the EU and UK will continue to bring antitrust cases against Big Tech. ([Casey Newton]()
- Following El Salvadorâs lead, other countries in Latin America -- such as Panama or Paraguay -- could make Bitcoin legal tender. ([CoinDesk]()
- Private equityâs new playbook. To unlock value, PE firms will start acquiring companies and make them âremote-first.â ([Chris Herd]()
- DAOs are the new SPACs. As a quick-funding vehicle, decentralized autonomous organizations (DAOs) will become as hyped in 2022 as special purpose acquisition companies (SPACs) were in 2021. ([The Guardian]()
- Influencer marketing takes off. With Appleâs new privacy updates, companies will look to creators to reach their audience. ([TechCrunch]()
- Burnout among medical professionals will decline with advances in health care AI. ([GE Healthcare]()
- Hot startups that could go public in 2022 include Databricks, Rippling, Stripe, Klarna, Revolut, MasterClass, and more. ([Crunchbase News]()
- Inflation expectations remain high for 2022, according to a Bloomberg survey of 47 economists, as the world works through supply chain constraints. ([Bloomberg]()
- Apple will acquire a film/TV studio to better compete with its streaming competitors. ([CNBC]()
- Cottagecore is the next design trend. The rural aesthetic features âpatterned vintage wallpaper, floral upholstery and wood.â ([Airbnb]()
- The acute phase of the pandemic will end at some point in 2022, according to Bill Gates. His optimism relies on continued improvements with vaccines and treatments. ([Inc Magazine]()
- Passwords will go away as new forms of multifactor authentication (MFA) hit the market. ([Government Technology]()
- EV makers make money. Companies like Rivian, Lucid Motors, Lordstown Motors, Canoo, and Fisker will (finally) deliver a meaningful number of cars. ([CNBC]()
- Meme stocks are here to stay, as retail traders continue to find stocks to hype up. ([The Economist]()
- You will hear the words âWeb3â and âmetaverseâ next year. ([The Hustle]() [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=22+predictions+for+2022%0Ahttps%3A%2F%2Fthehustle.co%2F12302021-22-predictions%3Futm_campaign%3D22%2Bpredictions%26utm_content%3D12302021-22-predictions%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( SNIPPETS Pay up: Apple is offering some engineers up to [$180k]( in bonuses to keep them from jumping to competitors, namely Meta (which is building a competing AR/VR platform). Good times keep rolling: 500+ startups became unicorns in [2021](. Teslaâs Euro competition: Northvolt -- a [$12B]( Swedish battery maker -- rolled out its 1st lithium-ion cell from its âgigafactory.â --------------------------------------------------------------- Hey â enjoy getting quick updates on what you care about? Take [20 seconds]( to personalize your Snippets. Pick your preferencesð and weâll send you more of what you love. Boom. [Personalize my Email â]( Time > Money
[Morgan Housel headshot]( The Highest Form of Wealth This is a guest post from Morgan Housel, partner at [The Collaborative Fund]( and author of the best-selling book, [The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness](. *** The stock market is up big this year. US households [now have]( a collective net worth of $144T, ~2x the level of 8 years ago. Congrats. But itâs times like these that we have to remind ourselves that the relationship between money and happiness is complicated. Rather than assuming wealth is just the amount of money you have, let me propose what I think is the highest form of wealth: Controlling your time and the ability to wake up and say, âI can do whatever I want todayâ Five-year-old Franklin Roosevelt complained that his life was dictated by rules. So his mother gave him a day off -- he could do whatever he pleased. Sara Roosevelt wrote in her diary that day: âQuite of his own accord, he went contently back to his routine.â Thereâs a difference between working hard because you want to and working hard because someone else told you you had to, and how to do it, and when to do it. Even if youâre doing the same work, the independence of doing it on your own terms changes everything in the same way that sleeping in a tent is fun when youâre camping but miserable when youâre homeless. Wealth can lead to time independence, but itâs never assured It can be the opposite, as whatever created the wealth has a claim on your time in equal proportion to its financial reward. A number of CEOs fall into this category: They have an abundance of wealth and not a moment of free time, which is its own form of poverty. Charlie Munger summed it up: âI did not intend to get rich. I just wanted to get independent.â Itâs a wonderful goal, and harder to measure than net worth. [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=The+Highest+Form+of+Wealth%0Ahttps%3A%2F%2Fthehustle.co%2F12302021-morgan-housel-wealth%3Futm_campaign%3D22%2Bpredictions%26utm_content%3D12302021-morgan-housel-wealth%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( Free Resource
Top 5 B2C marketing trends for the new year Next year (ahem), 51% of B2C marketers plan to increase their budget. If itâd help you to know where all that green is going -- HubSpot reached out to 1,067 consumer marketing professionals for up-to-date insights. [Hereâs what they learned]( (blog post): - Short form video will be a priority across industries.
- 61% of marketers plan to leverage high-ROI influencer marketing.
- Podcasting and audio content will continue to boom.
- Trust and transparency will heavily drive consumers.
- Value- and ethos-driven inbound marketing will thrive. Weâre thrilled about the last one. To dive deeper into (the day after) tomorrowâs trends, check out the article. [5 future B2C marketing trends â]( Itâs in the game
[John Madden]( Boom! (Source: Focus On Sport via Getty Images) Football legend John Maddenâs legacy in tech For the millions who love but will never play professional football, John Madden -- who sadly passed away Tuesday at 85 -- helped build the next best thing. âJohn Madden Footballâ was [developed]( by Electronic Arts in 1988. EAâs creator, Trip Hawkins, was known as âjunior Steve Jobsâ and was Employee No. 68 at a small startup called Apple Computer. EA needed a football consultant⦠⦠and Madden -- a Super Bowl-winning NFL coach and Emmy-winning broadcaster -- was actually the companyâs 3rd choice (Joe Montana was the 1st, but he had a deal with Atari). Madden saw the gameâs potential to be used as a tool to learn football, so he signed on. After a late-1980s launch, Hawkins offered Madden the chance to buy EA stock -- pre IPO. But Madden turned him down. Oops âThat was the dumbest thing I ever did in my life,â Madden said. Today, EA has a market cap of $37.6B and the Madden franchise has sold [130m+]( games. Maddenâs impact on NFL players and fans is remarkable. In 2020, the NFL and its playersâ union signed a $1.5B deal with EA, [$500m]( of which will go to players. And as for fans, theyâre just [hoping]( EA will honor Madden properly. [Share on Facebook]( [Share on Twitter]( [Send as email to a friend](mailto:?subject=The%20Hustle%20wrote%20something%20I%20think%20you%27ll%20like...%0A&body=Football+legend+John+Madden%E2%80%99s+legacy+in+tech%0Ahttps%3A%2F%2Fthehustle.co%2F12302021-Madden-legacy%3Futm_campaign%3D22%2Bpredictions%26utm_content%3D12302021-Madden-legacy%26utm_medium%3Demail%26utm_source%3Ddaily%0A%0AYou%20can%20subscribe%20with%20my%20link%20here%20to%20get%20the%20latest%20in%20tech%20and%20business%20daily:%0A [View on our website]( AROUND THE WEB ð± On this day: In 1916, royal advisor [Rasputin]( survived 2 assassination attempts by Russian nobles before he was killed. He remains a mysterious figure to this day -- as well as the subject of [this disco song](. ð Huh: You can now give people [bitcoin gift cards](. Perhaps for the person who has everything except NFTs. ð± Art: Photographer Jelena Jankovicâs [The Chosen Ones]( explores the way our phonesâ light affects the world around us. Note that these crowd photos come from a pre-pandemic world. ð¯ How to: Comedian and game enthusiast Eric Cunningham [explains]( how to make your own game for family or friends. ð° Thatâs interesting: How realistic are casino heist movies? Casino game protection expert Sal Piacente [weighs in]( on films including âOceanâs 13â and âThe Sting.â ð Aww: And now, [a dog]( who is not very good at herding sheep. Tweet of the Day
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