Juan

[Finanzas Argy 🇦🇷 @FinanzasArgy]

🚨ATENCIÓN | 🏛️ Diputados dio media sanción a la reforma del BCRA

[Salvador Vitelli @SalvadorVitell1]

Increíble el nivel de gasto / tiempo en CAPEX en IA vs el megaproyectos de antaño.

En ningún mega-proyecto anterior se destinó tanto dinero en tan poco tiempo como en IA.

Sin precedentes.

What a time to be alive

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Moderna stock, $MRNA, surges over +110% after announcing the first ever positive Phase 3 results for a personalized cancer vaccine.

[Jean P.D. Meijer - 🇪🇺🇳🇱 eu/acc @initjean]

"outperform the S&P 500"

[Palanquero @PalanqueroDLR]

Hay gente grande que piensa que un yanki les va a comprar los glaciares, el valle de la luna, el nahuel huapi y 100.000 ha en tero cogido. (Gente grande 30/35 añitos eh)

[Teddy Trader @trader_teddy]

Uno trata de bajar la manija y te mandan estas cosas. Imposible hermano, así no se llega al domingo.

[Jaynit @jaynitx]

Bill Ackman literally gave a 44-minute masterclass that explains money better than any business school.

1. Starting early is the single biggest advantage you have. If you save $10,000 at age 22, never add another penny, and earn 10% a year, you have $600,000 by retirement. wait until 32 to start, and the same money only grows to $232,000. The decade you lose at the beginning costs you more than any decade later because compounding does its heaviest lifting at the end.

2. The return rate matters even more than most people grasp. That same $10,000 at 22 earning 10% becomes $600,000. At 15% it becomes over 4 million. At 20%, the rate Warren Buffett has achieved, it becomes 25 million. Einstein called compound interest the most powerful force in the universe. Ackman's lecture is essentially a demonstration of why.

3. Avoiding losses matters as much as chasing returns. if you reach for a 20% return but lose half your money every 12 years from bad decisions or a rough patch, your 25 million collapses to 1.8 million. Buffett's rule one is never lose money. Rule two is never forget rule one. the math of recovery is brutal, so protecting the downside is not caution, it is strategy.

4. Debt is safer, but the upside is capped. Equity is riskier, but the upside is unlimited. In the lemonade stand example, the lender who put up $250 earns a steady 10% and gets paid back first if the business fails. the equity investor who put up $500 earns over 100% if it succeeds but gets wiped out if it fails. The equity holder earns more precisely because they took the risk the lender refused.

5. The risk that matters is permanent loss, not price movement. most people think risk is the stock price bouncing up and down every day. Ackman says ignore that. the real risk is whether you will permanently lose your money. Short-term volatility is noise. the question that matters is whether you get your capital back with a return over the long run.

6. Avoid startups and complicated businesses. You do not need 100% a year to build a fortune. you need 10 to 15% over a long period. so skip the lemonade stands and unknown ventures. Invest in public companies that are established, liquid, and have to clear real hurdles before going public. If you cannot understand how a business makes money, avoid it no matter how good its track record. Ackman cites Enron, a business almost nobody actually understood.

7. Invest in a business you could own forever. if the stock market closed for 10 years, you should not be unhappy holding it. Coca-Cola is his example. easy to understand, sells a syrup and earns a profit on every drink, the population keeps growing, and it is nearly impossible to disrupt with new technology. McDonald's is another. People have to eat, the food is cheap, and they keep growing. find a business you would be comfortable holding through anything.

8. You want products people are loyal to and will pay a premium for. People buy generic flour and sugar without caring about the brand. but they want the Hershey bar, the Cadbury bar, the see's candy specifically. you do not want to sell a commodity that anyone can sell cheaper. You want something unique that customers refuse to substitute even at a 20% discount.

9. Low debt is a safety feature. In the lemonade stand example, $250 of debt was manageable. But if it had been $1,000 and the business hit a rough patch, it could have gone under and wiped out the shareholders. Find companies with little debt or so much profit relative to their interest payments that a bad year cannot sink them.

10. Barriers to entry protect your returns. You want a business that is hard for someone to compete with tomorrow. Coca-Cola's market presence is so strong that you expect to get a Coke at any restaurant. Pepsi has coexisted with it for decades, but neither can put the other out of business. If a competitor can show up next year with a better version and steal the customers, the business is not worth owning long term.

11. The best businesses are immune to outside factors you cannot control. Coca-Cola has survived 120 years through world wars, nuclear weapons, and every kind of crisis, and each year it makes slightly more money. You want companies that do not depend on commodity prices, interest rates, or currency moves. A business that keeps earning regardless of what is happening in the world is the kind you hold forever.

12. Low capital intensity is one of the most underrated qualities. The worst businesses require massive reinvestment to grow. The auto industry has to build enormous factories and buy machine tools before selling a single car, and those tools wear out. GM's stock barely moved over 40 to 50 years for exactly this reason. Coca-Cola, by contrast, sells a formula and collects a royalty. American Express takes a few percent of every dollar spent on its card. a business that earns a royalty on other people's capital is one of the best things you can own.

13. Pay down debt and build a cushion before you invest. If you have high-interest credit card debt, paying it off is a guaranteed return equal to the interest rate. same logic, to a lesser degree, with student loans at 6 or 7%. and you want 6 to 12 months of expenses in the bank so that losing your job tomorrow does not force you to sell. You can only handle market volatility if you do not need the money.

14. Be a buyer when everyone is selling and a seller when everyone is buying. The natural human tendency is the opposite, a lemming-like instinct to sell in a crash and buy in a bubble. people sold into the 1987 crash when they should have been buying. The only way to resist this is to be financially secure enough that the money at risk does not affect your life, so you can withstand the swings without panicking.

15. The stock market is a voting machine in the short term and a weighing machine in the long term. Ben Graham's idea, which Ackman repeats. short-term prices reflect the whims and emotions of investors. long term, prices reflect the actual value of the underlying businesses. If you buy good businesses at reasonable prices and hold them while they grow, you make money over time as long as you are never forced to sell at the wrong moment.

16. A stock is just a bond where you do not know the coupon. Flip a price-to-earnings ratio over, and you get an earnings yield. A stock at 10 times earnings is a 10% earnings yield, which you can compare directly to a 3% treasury. the difference is the bond's coupon is fixed and the stock's coupon, its earnings, moves up and down. Ackman wants an earnings yield higher than a treasury that will also grow over time, so he does not need to be right about explosive growth to earn a good return.

[Damian Brik @eldaminato]

-Con el sell off fuerte de USA, hoy el Merval cayó 2.1%.

-A ver cómo titula Infobae?

-Acciones argentinas cayeron hasta 33%.

-El único ADR que hoy se desplomó 33% fue la basura de Bioceres $BIOX que lleva perdido 93% de su valor, ya se pasan con tal de obtener clicks.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: SpaceX is set to hire Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley to lead its IPO in 2026, per FT.

The IPO is expected to be valued as much as $1.5 trillion, making it the largest IPO in history.

[Juan @Juanupla]

Excelente

[Finanzas Argy 🇦🇷 @FinanzasArgy]

🔴🇦🇷 El Gobierno advirtió que cortará fondos y permisos de deuda a los gobernadores que no congelen su gasto, como marca uno de los puntos del Pacto de Mayo que busca bajar el peso del gasto público hasta 25% del PBI

🔹Gasto público actual (Nación, provincias y municipios): 32% del PBI.

🔹Un informe de Equilibra señala que todas las provincias empeoraron sus cuentas este año. Ocho provincias que el año pasado no tenían déficit, este año cayeron en desequilibrio.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Fed Chair Powell says the Fed's purchases of US Treasuries may remain elevated for a "few months."

The Fed will begin purchasing $40 billion worth of Treasuries over the next 30 days.

Purchases come just 12 days after Quantitative Tightening ended.

[ELDUCK @elduckpost]

Pullaro quiere que los SINDICALISTAS te sigan robando:

Y si...

[Traductor 🥹💕💐 @TraductorTeAma]

🇦🇷🤝🇨🇱| MEGA ACUERDO COMERCIAL CON CHILE|
Argentina le venderá a Chile más de 75.000 barriles de petróleo por día desde enero de 2026 hasta junio de 2033

Los kukas hace unos días dijeron que por los F16 Argentina le iba a comprar "nassta" a Chile.
Manga de brutos, Chile no es un país petrolero.

[DatoWorld @DatosAme24]

🇦🇷#AHORA - Por primera vez desde 1989, un bloque no peronista, se convierte en la primera minoría de la Cámara de diputados de Argentina. La Libertad Avanza con 95 diputados

[Finanzas Argy 🇦🇷 @FinanzasArgy]

🇦🇷📱 Desde el 15 de enero de 2026, el Gobierno eliminará aranceles a la importación de celulares: se espera una caída de precios de hasta 40% y el doble de importaciones

🔹Consolas: 35% a 20%
🔹Impuestos internos para aires, TVs, monitores y teléfonos importados: 19% a 9,5%
🔹Lo hecho en Tierra del Fuego: 9,5% a 0%

📄 Decreto 333/2025

[Ai Forward+ @AiForward_]

🚨 ALERT: Bitcoin falls -$4,000 in two hours

🚨 ALERT: Japan 2-year yield rises to 1% for the first time since 2008

[Juan @Juanupla]

@tealdif Hace 1hs se veía este bichito en el radar

[BullvsBear @BullvsBearTrade]

RESULTADOS DE $YPF 🇦🇷 🛢️

Toman USD 194.890.727 al 7%

Impresionante por parte de la empresa, colocar casi 200M al 7%

[Emmanuel Rincón @EmmaRincon]

Trump se los dijo en la ONU hace varios años y ellos se burlaron.

Supongo que ya no les parece gracioso.