January 11, 2026
It feels good to be back in the swing of things with this newsletter again. I hope you had a great holiday season and a strong start to 2026!
We have now crossed the one year mark since launching it, and putting this together is just as fun today as it was with the very first time.
Here at mogul, we’ve hit the ground running with a slate of new properties and two sellouts already to start the year.
Anyway, that's enough from me. Let's get into it.
- Alex Blackwood
🧬 Ancient human fossils in morocco fill evolutionary gap - Scientists announced the discovery of 773,000-year-old hominin fossils in a cave near Casablanca, Morocco, providing rare evidence from a previously missing chapter of human evolution. Unearthed remains show a mix of primitive and more advanced features that may represent an archaic human population close to the evolutionary split that led to modern Homo sapiens, Neanderthals, and Denisovans. The findings reinforce the continent’s central role in the deep ancestry of our species. Crazy to think we’re still discovering so much about our past.
📽️ ‘Avatar: Fire and Ash’ crosses $1 billion global box office - James Cameron’s latest Avatar installment, Avatar: Fire and Ash, has surpassed $1 billion in worldwide ticket sales just weeks after its December release, making it the fourth film by Cameron to hit that milestone. The sci-fi epic earned roughly $306 million in the U.S. and Canada and $777 million internationally, with strong early legs that helped it outpace nearly every other 2025 release. Maybe I’m just out of the loop with some pop culture stuff, but I have to be honest…I didn’t even know this was out. Surely I’m not the only one?
🧱 LEGO unveils smart brick - At CES 2026, The LEGO Group revealed its groundbreaking Smart Brick as part of a new “SMART Play” platform, calling it the most significant evolution of the LEGO System-in-Play since the introduction of the LEGO Minifigure in 1978. The tiny computer, fully embedded inside a classic 2×4 brick, uses a custom chip, sensors, lights, and a speaker to make builds respond in real time to motion, gestures, and nearby Smart Tags or minifigures, all without screens or AI. The first interactive sets are set to launch in March, and as a big LEGO fan myself, I have to admit I’m very much looking forward to this.
The Billion Dollar Divorce
Earlier this week, the tech and banking worlds finally got the closure they’ve been waiting for: JPMorgan Chase has officially signed a deal to take over the Apple Card credit card program from Goldman Sachs. For Goldman, this marks the end of a disastrous multi-billion dollar foray into Main Street banking. What was once hailed as the "most successful credit card launch ever" in 2019 quickly soured into a financial nightmare, with Goldman proving fundamentally ill-equipped to handle the messy realities of consumer credit. The bank reportedly lost billions on the venture, plagued by higher-than-average default rates and an expensive customer acquisition strategy that prioritizes Apple’s user-first ethos over traditional banking risk-management.
The Culture Clash
The failure of the original Apple Card partnership was rooted in a fundamental clash of corporate DNA. Apple wanted to disrupt the credit card industry by eliminating fees and encouraging users to pay less interest; these are goals that sit in direct opposition to how credit cards actually make money. Goldman, ready to step in, agreed to terms that most consumer banks would have rejected.
They allowed Apple to control the branding, the interface, and even the billing cycles, while Goldman was left holding the bag for the credit risk. Ultimately, Goldman found that the Apple way didn't allow for the ruthless efficiency required to run a profitable credit card book, leading to a now cautionary tale for other companies.
The Heavyweight Move
By tapping JPMorgan Chase, Apple has finally found a partner with the scale and the operational expertise necessary to make the program sustainable. Unlike Goldman, JPMorgan is the largest consumer bank in the U.S., already managing over 150 million credit card accounts through its Sapphire and Freedom brands.
The Macro View
This transition marks a significant turning point in the relationship between Silicon Valley and Wall Street. The collapse of the Goldman-Apple partnership signals the end of the romantic era of fintech, where tech companies believed they could easily disrupt the so-called dinosaur banks. It turns out that the "dinosaurs" survived for a reason: they understand the gritty, low-margin business of lending money. As JPMorgan takes the reins, we are seeing a return to the status quo where Big Tech provides the shiny front-end interface, but the established financial giants maintain control of the backend.
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The Dolly is a 2020 build in Gatlinburg, TN, one of the country’s strongest and most resilient STR markets. In fact, it’s a 15 minute drive from the official Dollywood theme park, which gets over 3M visitors a year.
Gatlinburg is widely known as the primary gateway to Great Smoky Mountains National Park, which welcomed approximately 12.2M visitors in 2024 and is consistently the most visited national park in the country. Those visitors spent $2B+ in communities near the park, generating $2.8B+ in total local economic benefit. In Sevier County, where Gatlinburg is located, visitor spending totaled $3.93B in 2024.
The home spans more than 4,700 sq ft, features 6 beds and 8 baths, an indoor pool, a theatre room, and sleeping capacity for up to 40 guests. It sits in the STR-friendly Sherwood Forest Resort HOA, a gated community with well maintained grounds and a community pool for guests
The Dolly has multiple years of operating history, with 2024 and 2025 income already exceeding Year 1 underwriting. Current property management is expected to remain in place, creating a seamless handoff of a strong performing asset.
If you are looking to add a proven luxury Airbnb in one of the most in-demand vacation markets in the country, this is your chance.
The Art of Racing in the Rain is one of those reads that sneaks up on you. On the surface it’s a story about a man, his dog, and a dream of racing, but it quickly becomes something bigger: a warm and devastating look at love, as well as what it means to keep going when life refuses to play fair. Even better, the entire book is told from the perspective of the dog, Enzo.
Let me tell you...Enzo is great. He’s funny, philosophical, and so devoted, giving the story a kind of perspective humans can’t access when they’re in the middle of the mess.
If you want something that’s uplifting without hiding the hard parts as if they don’t exist, this is it. Fair warning: if you’re even remotely a dog person, you’ll feel this one in your chest.
⭐ 4.81 / 5.0 in my book (no pun intended)
Yep, you read that right. Turtles absorb oxygen through a special opening called the cloaca, allowing them to stay underwater for long periods without surfacing.
Written by Alex Blackwood & Larry Cummings
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