@CourtneyRCronin They blindly agree with Caleb/Ben no matter what, somebody has to shine a light on them when they’re in the wrong. You’re absolutely right, calling him questionable that week was wrong to do given what they knew. Smart move by Caleb to not answer but your job is to press
What's Happening in Chicago's housing market?
Inventory has collapsed a monumental 63% from pre-pandemic norms.
Dropping from:
40,000 in August 2019
to
15,000 in August 2026
That's the biggest listings contraction of any large metro in the U.S.
As a result, prices are still exploding across Chicago, with bidding wars running rampant.
This is happening due to a reverse migration trend bringing people back to the Chicago metro, along with a lack of home building.
Don't be surprised if some ZIPs achieve 10% appreciation in 2027 as a result.
To see your forecast, search now at https://t.co/zlKe2138Ij.
This is such a remarkable victory for the power of collective action. Not a single bill passed through the Oval Office, not a single ballot was cast to eventually put Flock out of business.
The sheer power of public opinion caused city halls across the country to cancel contracts in order to keep their elected seats. That is how representative democracy works
You need to stop and read this again…
Warren Buffet’s final words of advice from his very last annual letter 🥹
"One perhaps self-serving observation. I’m happy to say I feel better about the second half of my life than the first. My advice: Don’t beat yourself up over past mistakes – learn at least a little from them and move on. It is never too late to improve. Get the right heroes and copy them. You can start with Tom Murphy; he was the best.
Remember Alfred Nobel, later of Nobel Prize fame, who – reportedly – read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read and realized he should change his behavior.
Don’t count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it.
Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior.
I write this as one who has been thoughtless countless times and made many mistakes but also became very lucky in learning from some wonderful friends how to behave better (still a long way from perfect, however). Keep in mind that the cleaning lady is as much a human being as the Chairman."
And then today, his last letter to shareholders as chairman…
Warren Buffett is stepping down as Berkshire Chairman at 96 years old.
In his goodbye letter, he says that “Father Time always wins. He has, however, been generous with me.”
His son Howard will take his place (“Howard has been a Berkshire Director for 33 years. That’s a longer apprenticeship than I served before taking the reins at the age of 34. Greg [Abel] runs the company. Howard will guard its culture and values.”)
Incredible 60+ year run. 🐐
Trump Pledges That If Voters Defeat Socialism In November, They Will Each Get An Equal Redistribution Of Wealth From The Government https://t.co/qe16k9ucsf
Grok 4.6 and Fable 5.1 are now alone on the CursorBench pareto frontier.
Should evolve rapidly over the next few weeks as Astra, Grok 4.7 and Fable 5.2 are released.
For what it’s worth, at the Bills preseason game DJ Moore was noticeable standing by himself away from most of his teammates on the sidelines. Caleb was by him a lot but I think that was Caleb trying to be a good leader. Would not be surprised if DJ is gone before the season end
@iceiceclinton@DanteTheDon Gladiator/troy/300 all a tier above this one. It was a safe play- the best actors, the best visuals - but the dialogue, characters, and vibe was off because it didn’t feel like its own thing. Still a good movie, but not great
Congrats to $NU shareholders.
NU is one of our favorite, least talked about fintechs.
Unreal to a company growing 50% top and 65% bottom line at a 20 trailing PE.
We continue to add $MELI and $NU as they become a larger part of our long term portfolio.
Ken Griffin bought Situational Awareness and here's what he sees coming with AI
Ken Griffin is the CEO of Citadel:
• Last week, Citadel bought the bulk of Situational Awareness's forced liquidation after the AI fund collapsed 67% in July
• Citadel has returned $90,000,000,000+ to investors since 1990, the most of any hedge fund in history
• Citadel's Q2 trades release August 14th
Elon Musk just annihilated the memory bears.
Elon Musk on SpaceX earnings call: “Limiting factor currently is memory. Memory output is increasing by around 20% per year. Now normally that would be fantastically fast and amazing for any large mature industry. But ask yourself is the demand increasing by 20% a year? No, the demand is increasing by 200% a year, maybe higher. So if you've got demand increasing much faster than supply then Economics 101 would suggest that the price increases. It does not decrease.”