Worth Magazine

The dynamo is having a moment. I’ve heard the story of the electrified factory three times in the last week, twice from a conference stage and once in a pitch deck. Joe Reis told it well on his Substack in April. The moral is always the same: factories bolted electric motors onto steam-era buildings and got nothing, so don’t bolt AI onto steam-era workflows. Recognizing this can empower you to lead change effectively.

In January 2022, Hong Kong billionaire Sir Michael Kadoorie paid nearly double the market price to increase his family’s stake in The Hong kong and Shanghai Hotels, Limited from approximately 60% to 72.4%. This $337 million investment underscores their commitment to the company’s long-term growth and strategic positioning, especially as the stock surged 20% on the news despite years of trading at a discount to net asset value. The Kadoories are doubling down on their vision for Peninsula Hotels.

The longevity industry has been missing the point. An industry-wide fixation on adding years has quietly crowded out a more important question: What good is more time if the quality of those days keeps eroding? That question is what separates longevity from healthspan. Longevity asks how long we can live. Healthspan asks how well. And for most people, the second question turns out to be the more meaningful one.

It was during the pandemic, and Dallas-based private club developer and operator Brady Wood and his 14-year-old son Wheeler, whom he calls “Wheels,” wanted to get out of their pods—and outdoors quite literally. So, the elder Wood bought a Sprinter van and the two spent the summer traveling mountain areas spontaneously. “We literally ended up just roaming around and stopping at all the cool places in the Rocky Mountains,” Brady says of the freewheeling non-plan.

Manhattan’s most consequential real estate story right now isn’t about developers or institutional funds. It’s about occupiers – private clubs, family offices, healthcare systems, international brands, nonprofits and other occupiers who looked at a rare window in the market and decided that paying rent every month was no longer the smartest thing they could do with their capital. The window opened for a specific reason.

Each season brings a new wave of hotel openings, but this spring feels more deliberate than others. Across the world, several long-anticipated projects are finally coming to life, many of them rooted in restoration and heritage. Rather than chasing scale and spectacle, these openings are leaning into detail and design. The result is a group of hotels that don’t expand the map, but refine it, offering travelers more considered reasons to return to destinations they thought they already knew.

For decades, conventional business wisdom treated the human body like a machine: run it hard during the workday and save the maintenance for the weekend. Well-being was considered a personal responsibility, managed off the clock and largely separate from business performance. Most companies today recognize that a burned-out executive makes worse decisions than a rested one, and that this pattern compounds the longer it goes unaddressed.

Antigua and Barbuda, home to countless beaches and safe harbors, have spent decades quietly building. Today, they represent some of the Caribbean’s most coveted addresses. As a former British colony and still a member of the Commonwealth, the ‘vibe’ is decidedly English with both left-hand driving and a polite formality upheld by all.

In 1800, Scottish industrialist Robert Owen doubled his workers’ wages, provided free child care and medical care, and cut shifts at his New Lanark cotton mills. In the years that followed, the mill produced spectacular returns. Naturally, he assumed his actions would inspire fellow manufacturers to follow suit. They did not. His investors, one set after another, eventually wrested back the mill and dismantled his reforms. He died bankrupt.

At the 2026 Milken Institute Global Conference, John Vibert, Head of Credit at PGIM, which manages over $1 trillion across public and private credit, addressed a key question: how to interpret recent developments in private credit within the broader market context. His answer did not begin with a defense of private credit. It began with a definition. “Private credit is part of this extraordinary credit continuum,” he said.