This year’s Summer Camp for Millionaires in Sun Valley, Idaho, is mixing things up by introducing knitting into its packed agenda, according to On the Money.
The annual gathering hosted by Allen & Company features familiar panel discussions with high-profile guests. CNN’s Erin Burnett is set to interview Pennsylvania Senators John Fetterman and David McCormick on Thursday.
Earlier, Andrew Ross Sorkin spoke with Ken Griffin, while one participant commented on Zoran Mamdani’s TikTok outside his Manhattan penthouse, describing it as “creepy.”
Comcast CEO Brian Roberts and NBCUniversal’s Mike Cavanagh were also in attendance. A local source remarked, “Brian seems a little down.” The stock hasn’t budged above $23, and it seems he’s been tied up in businesses that have struggled for quite some time now, impacting his personal wealth.
It’s the combination of news and entertainment content, alongside cable, which has taken a hit, albeit less severe than before due to factors like cord cutting and competition from wireless services.
Later, the same source noted, “He’s No. 499 in the S&P, while the company he’s eyeing, Charter, is at No. 500,” although it’s worth pointing out Comcast actually ranks at No. 141 and Charter at No. 422.
On another front, Jeff Bezos and venture capitalist Marc Andreessen joined Fox anchor Bret Baier, while Microsoft President Satya Nadella was interviewed by Reid Hoffman, who has recently shown a keen interest in connections to Jeffrey Epstein.
In addition to the panels, various activities like hiking, fly fishing, and yoga are available. Pilates, or “hardcore fitness,” was mentioned, but I can’t quite picture 84-year-old Barry Diller lifting weights. Perhaps he’d prefer a game of mahjong instead? (That’s at 2 PM, just about the time I’d start knitting.)
Knitting can definitely be therapeutic. Remember Rosie Grier, the legendary NFL lineman, who took up needlepoint for that very reason? Still, with the likes of MrBeast and Clavicular overshadowing YouTube stars, one has to wonder what remains for industry leaders facing mergers and layoffs, except perhaps a knitting class when they should really be traveling.
“It’s going to be fun,” one participant said, brushing off the industry’s troubles. However, he was clear about his own disinterest in taking a knitting class.
