2020-02-10 Bloomberg Businessweek

D PLAY THE PROPERTY GAME

An historic spread, listed by

Christie’s International Real Estate,

is set on more than 200 rolling

acres in New York’s Hudson Valley.

It has 12 bedrooms, a tennis court,

greenhouses, and a sheep barn.

Price: $3.95 million

Future value: With a working farm

and the possibility of rental income

as a corporate retreat, the property is

largely self-sustaining.

NVESTINABETTERWORLD

ElevateDestinations’12-dayvolunteering

adventureinSriLankaletstravelersexplore

ancientmonumentsandcavedwellings.

theyhelpthecountry’sWildlifeConservation

etystudyelephantbehaviortolessenthelocalconflict

etweenpeopleandpachyderms.

Price:From$3,500a person

Futurevalue:EachElevatecustomeco-luxurybooking

paysfora groupoflocalchildrentovisitculturalsitesin

theirowncountry.

T

he era of big bonuses, you might

say, is over. Earlier this year, Morgan

Stanley, Goldman Sachs Group,

Citigroup, and many others announced they’d

be cutting back on investment banker bonuses

in some shape or form. It doesn’t matter how

well the company is doing: JPMorgan Chase

& Co. is keeping annual bonuses at its corpo-

rate and investment bank unchanged this year

despite notching a record $36.4 billion profit

in 2019. On the other side of the spectrum,

Deutsche Bank AG executives have agreed

to forfeit the component of their bonus that

reflects personal performance as the lender

prepares to unveil its biggest annual loss

since 2015.

The pattern reflects a general reckon-

ing across banking as electronic systems

de-emphasize rewarding individual successes

in favor of more broad group performance.

“It’s a team sport now,” Chris Purves, head of

UBSGroupAG’sStrategicDevelopmentLab,

toldBloomberginJanuary.

Withthisinmind,it may o look

atthedwindlingrewarda ake

anothergoodinvestm in

bothsensesofthe

ognitionofyo

thatwillri

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a chanceto

Thinkofa bonu i

d “ preciation”—arec

worth,aswellassomethi

invalue.It doesn’tmeanyou

it onlyontheboringandpract

reareplentyofwaystohavefun,or

somegood,thathavefutureupsides.Here

e someofourfavorite

Lookingfora biggerticket?

A $28.8millionlistingviaSotheby’s

InternationalRealtyhas15,000square

feetofinteriorspaceoverlookingLake

Luganoin Switzerland.There’sa spa

anda poolonthefirstfloor,entertaining

areasonthemainfloors,andbedrooms

ontheupperlevelsofthe19thcentury

artnouveauvilla.Stockmarketsmay

goupanddown,butSwissreal

estatehasbeena rock-solidmonetary

refugeformorethana century.

BUY A PIECE

OF HISTORY

Les Diners de Gala (1973)

is a first-edition selection

of avant-garde menus and

recipes that artist Salvador

Dalí completed at age 68

in honor of his wife, Gala.

Available at Bauman Rare

Books in New York, it has

color plates and in-text

photographs and illustrations

on almost every page.

Price: $13,500

Future value: This

extravagant book is made

exceptional thanks to a bold

inscription by Dalí himself

with a hand-drawn sketch of a

shooting star above his name.

D SHARPEN

YOUR KITCHEN TOOLS

A good knife is an invaluable

piece of kitchen equipment,

and it’s what great chefs

credit as their secret

weapon. Bladesmith Quintin

Middleton in Saint Stephen,

S.C., custom-makes his

high-carbon steel knives

to the exact specifications

requested by each customer.

Price: From $480 for a 9-inch

knife (above)

Future value: Besides

enhancing your kitchen skills,

a well-made knife crafted by

a master from high-carbon

steel also negates the need

to constantly replace it.

OrdonatetoWorldCentralKitchen:JoséAndrés’scharityhasfeddisaster-hit

areasaroundtheworldsince2010.A $10,000donationwillenablea farmertobuya

greenhouseorallowa small-scalefoodproducertogeta walk-incooler.WCKalso

offersfood-jobtrainingtounderservedcommunities,soyou’reinvestinginpeopleas

wellastheworld.Andif yourbonusis intheformofstocks,youcandonatetoWCK

withsharesorviaa donor-advisedfund.

World Central Kitchen workers

KNIFE: COURTESY MIDDLETON MADE KNIVES.

BRANDY: COURTESY BRANDY CLASSICS. COURTESY WORLD CENTRAL KITCHEN. HUDSON VALLEY: PHOTOGRAPH BY TERRY HOLLAND/LANDVEST. SNEAKERS: COURTESY NIKE. BRACELET: COURTESY FD GALLERY. DUBUFFETT: COURTESY SOTHEBY’S.

DOG: JOHN EWING/PORTLAND PRESS/GETTY IMAGES