Jun 3, 2019

A look inside Andre Iguodala's new book

I had a chance last week to talk to tech investor Andre Iguodala about his new book, "The Sixth Man."

The big picture: Iguodala, who recently joined the board of African e-commerce startup Jumia, has become well known for his tech investing as well as his basketball skills. He is one of the leading athlete faces at the annual Players Technology Summit.

  • For those looking for investing tips, Iguodala stressed it won't be his last book.
  • As for his current thinking as a tech investor, Iguodala said he has been seeing his biggest gains from firms focused on business, rather than consumer efforts, pointing to Zoom and PagerDuty.
  • "That world's been very interesting to me," he said, adding that 5G wireless technology will enable further advances in autonomy. "It's really going to disrupt the workforce."

The 256-page book largely deals with Iguodala's on-the-court and childhood experiences and offers a fascinating look at the intersection of class, race and basketball.

Between the lines: Iguodala isn't afraid to call them like he sees them, whether it's a coach who held him back or his belief that colleges are getting more value from star athletes than they are giving them.

  • "I'm not afraid to ruffle feathers at all," Iguodala told me.

What's next: You can pick up Iguodala's book starting June 25. In the meantime, the Warriors face the Toronto Raptors in Game 3 on Wednesday at Oracle Arena in Oakland, California.

  • ICYMI: Iguodala nailed a game-icing three-pointer with 5.9 seconds left last night to give the Warriors the win and even the NBA Finals at a game a piece.

Go deeper: The biggest earners left in the NBA and NHL playoffs

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A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices closed in correction territory on Thursday, down over 10% from their recent record-highs amid a global market rout.

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

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VA Secretary Robert Wilkie on Fox Business Network’s "The Evening Edit" on Jan. 7. Photo: Steven Ferdman/Getty Images

The Department of Veterans Affairs Inspector General Michael Missal said Thursday he had opened an investigation into VA Secretary Robert Wilkie after lawmakers demanded an inquiry into his handling of a sexual misconduct report, the Washington Post reports.

Context: Wilkie allegedly "worked to discredit" the credibility of Democratic aide and veteran Andrea Goldstein after she reported last fall "that a man groped and propositioned her in the main lobby of the agency's D.C. Medical Center," a senior VA official told the Post.