Warren Buffett: "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old."
"John D. Rockefeller was the richest man in the world and, today, you can get better medicine, better education, better entertainment, better transportation. You can do everything better than he could."
"When I was born, the dentist didn't use novocaine!"
It remains the case that non-profitable Russell 2000 stocks are outperforming profitable ones YTD
[Source: Bloomberg, as of 5/29/2026. Profitable companies have trailing 12-month earnings per share greater than $0. Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. Past performance is no guarantee of future results.]
The Foreign Subversion of Partisan Politics — Sapping the will of Americans to remain dominant in world affairs will inevitably lead to a torpor at home, breeding depression and mass failure. https://t.co/RS3SrtkzOI
Federal agencies issue 3,000+ rules a year, but they also shape policy through guidance docs, memos, and FAQs the public never gets to see or comment on. @wayne_crews and a broad coalition are urging the Senate to shine a light on this "regulatory dark matter." Read the letter here: https://t.co/5vLv0k3wUd
“As Iran’s strongest armed actor, the Islamic Revolutionary Guard Corps has the resources to impose its will on the country’s populace. This bodes poorly for Iran,” writes @AOstovar.
https://t.co/8g01nB7kyz
“Believing itself ascendant, Beijing is in no rush to try to take Taiwan by force.” @amanda_hsiao and @BonnieGlaser argue that a Chinese military takeover of Taiwan is neither imminent nor inevitable:
https://t.co/AJdkDyr90K
The Economist on the U.S. economy’s consistent growth outperformance relative to other advanced countries:
“America’s outperformance began decades ago, but in the 2020s it has become vast. And it is likely to last. The latest IMF forecasts show American growth besting the rest all the way to 2030 and beyond….
Many of America’s advantages are hard to emulate. The country’s continental scale, single language, natural-resource wealth and the fiscal space that comes from issuing the world’s safe asset give it a unique economic advantage over Europe…
But America also shows just how much other rich countries are failing to live up to their economic potential.”
#economy @EconUS@TheEconomist
HUAWEI has presented the Tau (τ) Scaling Law, a new principle for guiding the future development of the semiconductor industry. By 2031, HUAWEI's high-end chips based on this law are expected to feature a transistor density that is equivalent to 14 Å (1.4 nm) processes.