Cooking as a family and eating together is a lost tradition that many of us have restarted during the pandemic. I had no idea that my daughter Marisa had become such a great cook; her addition to our kitchen has been a huge positive to the Acosta clan. She loves sashimi and vegan dishes and I swear her Hamachi and jalapeno appetizers rival the world famous Nobu restaurant. That said, I do love restaurants and while one in five is expected to close permanently, I also anticipate a lot of new innovation for both food and service, which will be exciting. I never liked buffets, so I won’t miss them if they never come back. However, there will be some downside. New safety regulations will make it more expensive for neighborhood restaurants to get started and survive, so chain eateries with deep pocket parent companies may take over many communities – which will suck. More people will eat at home, at least for a few years, so online cooking classes will probably flourish and hopefully the institution of families eating together will stick around for a while.
Professional investors know that the best way to make it big is to believe in something that almost everyone disagrees with - and be right. That could be a business idea, an investment opportunity, or a cultural trend.
Next week, I will be speaking at a Hispanic Leadership Summit at the United Nations. I was asked to speak on the topic of Unity. The following is a preview of my speech.
Happy Thanksgiving! The blog will resume on December 8, 2024.