Believing that The Fed somehow controls interest rates is akin to believing that changing your place on the couch will magically impact the outcome of your favorite team’s game
Obama finally said the quiet part out loud: if he had blacklisted reporters, arrested student protestors, or weaponized the government against dissent, the system would’ve lost its mind.
But Trump does it; and half the country shrugs. That’s not democracy.
That’s cult politics in full swing. Principles don’t vanish when the villain wears your jersey.
@SullyCNBC Car companies have been continuously adding features to boost profit margins. Where pickup trucks used to be utilitarian, now they are luxury vehicles
Trump and Vance have declared themselves to be on Russia's side in the Russo-Ukraine war. This is a catastrophic mistake for America's national security. And let's be clear: Trump and Vance now personally own that policy. It is not the view of a majority of Americans of either or no political party.
I’m not saying Nvidia and others in the AI boom are good or bad investments or should be compared to Intel, Cisco or other ‘heyday’ stocks. Not my job. They could soar from here. Or not. I have no idea.
But I would remind people (much) younger than I that while AI will likely be huge, the late 90s was literally the birth of the public internet.
It was like the creation of the car, airplane, radio or TV. You can’t imagine unless you lived it. Magical time.
Much of what we take for granted as daily use on the ‘web literally didn’t exist just 25 years ago. I was actually a semi-functioning adult at the time. Nasdaq circa 1999.
Many of these companies are gone (some didn’t have real businesses, to be clear) or are shadows of former selves. Many also overtaken by better rivals or new tech.
Intel was once the hottest big stock in the world. Couldn’t be stopped. Until it was.
Yeah, yeah “this time is different”. It always is.
The worst 2 days this year in the market have happened in last 2 weeks. Big money moves fast.
Stay vigilant.
In 2011, Warren Buffett hailed chapter 12 of John Maynard Keynes's The General Theory as one of the most important chapters ever written on investing.
He said reading this chapter means "you don't need to read anything else & you can turn off your TV."
Here are 9 takeaways ⤵️