I have been quiet long enough.
This is perhaps the most important thread on X ever published.
And the most powerful and impactful comic book you will ever read.
If you want to understand the reverse carry trade, bookmark this.
Oil, Yen, Japan, and an all-star cast.
1/24🧵👇
The beer exchange in Qingdao.
The more people purchase, the higher the price will be. Beer that no one buys will decrease in price. Similar to a stock exchange.
Buffett on markets, cash, portfolio management, and opportunism.
“ I wouldn’t do anything nearly so noble as to withhold investing myself just so Greg can look good later on.”
- Warren Buffett…
…on the conspiracy that he’s built $330 billion of cash to give a blank sheet to his successor, Greg Abel.
Says he would happily invest $100 billion tomorrow, but “the one problem with the investment business is things don’t come along in an orderly fashion.”
The old man has still got it. Worth the listen.
A true legend.
“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.” - Charlie Munger