Why do we have to be succesfull in life? Very simple, once elo sukses ada stories yang bisa elo share ke anak-anak dan cucu elo kelak, as public speaker to influence other people, nulis buku, bikin seminar sendiri and our words udh pny 'value'. Eh jadi Income stream jg tuh ya. :)
Bloomberg -
Money markets see a more than 90% chance of a quarter-point hike, with another move fully expected by December. The combination of above-target inflation, rising energy prices, strong employment and a robust economy all call for policy tightening.
If you are curious about sensitivity analysis about CPO price, and how mandatory of B50 giving benefit to some of palm oil company in Indonesia, you can read this article.
Thankyou.
https://t.co/nUGibCZuJK
Fitch rating only set their target of Gold Price to 3,800 USD/oz in 2027.
Whether this indications of energy prices remaining higher for longer, prompting the Fed to adopt a hawkish stance?
Bloomberg -
- Chinaโs consumer spending and investment languished in August, even as industrial output improved more than expected, adding pressure on officials to step up support for the economy.
Bloomberg -
- Indonesia's wealthiest family, the Hartonos, have invested at least $1.4 billion abroad, marking a sharp pivot from their traditional practice of keeping their wealth at home.
- The Hartonosโ push to increase their assets abroad also stems from growing tensions with Prabowo, the people familiar say. (whoop)
Bloomberg -
- Emerging-market currencies are heading for a 10th successive week of gains, their longest streak since 2007, as falling expectations for a Federal Reserve interest-rate hike this month boost risk appetite.
Bloomberg -
- A global bond selloff spread to emerging markets as investors dumped the riskier debt on expectations that the Federal Reserve will increase US interest rates later this month.
- Emerging-market stocks continued their winning run, with the MSCI Inc benchmark rising as investors remained bullish on carry-trade prospects in the developing world and digested the results of recent polls ahead of an October presidential election.
Bloomberg -
- Emmanuel Sharef, a top-performing fund manager at Pacific Investment Management Co., is betting on Asian equipment suppliers, Chinese financials, and healthcare stocks as the next winners of the AI boom.
- The fund is underweight US Big Tech firms due to their high valuations and soaring AI spending, which drives up debt burdens and clouds their earnings outlook.
- Pimco remains overweight Asia, citing strong earnings growth and exposure to companies further down the AI supply chain, and is also bullish on biotech and life sciences, as well as Chinese financials and materials stocks.
Warren Buffett turned 96 years old yesterday.
Here is his estimated net worth at EVERY age since he was 14:
Age 14: ~$5K
Age 15: ~$6K
Age 16: ~$7K
Age 17: ~$9K
Age 18: ~$11K
Age 19: ~$13K
Age 20: ~$16K
Age 21: ~$20K
Age 22: ~$30K
Age 23: ~$44K
Age 24: ~$64K
Age 25: ~$95K
Age 26: ~$140K
Age 27: ~$229K
Age 28: ~$374K
Age 29: ~$612K
Age 30: ~$1M
Age 31: ~$1.3M
Age 32: ~$1.8M
Age 33: ~$2.4M
Age 34: ~$4.1M
Age 35: ~$7M
Age 36: ~$8.4M
Age 37: ~$10M
Age 38: ~$16M
Age 39: ~$25M
Age 40: ~$27M
Age 41: ~$29M
Age 42: ~$31M
Age 43: ~$34M
Age 44: ~$19M
Age 45: ~$29M
Age 46: ~$44M
Age 47: ~$67M
Age 48: ~$77M
Age 49: ~$88M
Age 50: ~$100M
Age 51: ~$158M
Age 52: ~$250M
Age 53: ~$620M
Age 54: ~$813M
Age 55: ~$1.1B
Age 56: ~$1.4B
Age 57: ~$1.9B
Age 58: ~$2.6B
Age 59: ~$3.6B
Age 60: ~$3.3B
Age 61: ~$4.2B
Age 62: ~$5.3B
Age 63: ~$6.7B
Age 64: ~$8.5B
Age 65: ~$10.7B
Age 66: ~$16.5B
Age 67: ~$21.4B
Age 68: ~$27.8B
Age 69: ~$36B
Age 70: ~$30B
Age 71: ~$32.3B
Age 72: ~$35.7B
Age 73: ~$42.9B
Age 74: ~$42.9B
Age 75: ~$44B
Age 76: ~$42B
Age 77: ~$52B
Age 78: ~$62B
Age 79: ~$37B
Age 80: ~$47B
Age 81: ~$50B
Age 82: ~$44B
Age 83: ~$53.5B
Age 84: ~$58.2B
Age 85: ~$72.7B
Age 86: ~$60.8B
Age 87: ~$75.6B
Age 88: ~$84B
Age 89: ~$82.5B
Age 90: ~$67.5B
Age 91: ~$96B
Age 92: ~$118B
Age 93: ~$106B
Age 94: ~$133B
Age 95: ~$150B
Age 96: ~$143B
Buffett was already an extraordinary investor at 30, yet he had accumulated less than 0.001% of his current fortune.
At 50, he was worth approximately $100 million, meaning more than 99.9% of his present wealth came after his 50th birthday.
That's the power of compounding.
But take note of the declines as well.
His estimated wealth fell from $34 million to $19 million in his 40s, from $62 billion to $37 billion during the financial crisis, and by tens of billions during several later market declines.
Compounding does not move in a straight line.
Buffettโs fortune is even more remarkable when you consider that he has already donated more than $68 billion.
Time is not merely part of the investing process.
Given a sufficient rate of return, time eventually becomes the most powerful force in the entire equation.
Bloomberg -
- Copper has hit record highs in 2026 and is currently up 15% since the start of the year, trading above $14,300 a ton on the London Metal Exchange.
- Analysts at S&P Global project copper demand will rise 50% to 42 million metric tons by 2040 from 28 million tons last year, with a supply deficit of 10 million metric tons by 2040 due to soaring demand and mining constraints.
Bloomberg -
Brent crude fell 0.5% to around $87.40 a barrel as traders weighed diplomatic progress in the Middle East against rising Russia-Ukraine tensions. Still, caution lingered in bond markets as traders boosted bets on a Federal Reserve interest-rate hike this year after a key US inflation gauge remained above the central bankโs target.
Financial Times -
- Nvidia boosted its forecast for AI chip sales next year as the $5tn tech giant tried to rebut criticisms that its raft of investments and financing deals with customers amount to risky circular financing.
- The robust earnings report comes as the chip group faces greater investor scrutiny over how it has deployed its vast balance sheet to help its customers fund their building of AI infrastructure.
Bloomberg -
- Treasury Secretary Scott Bessent announced a plan to buy back long-term US debt, which he called a "Treasury twist", in an effort to influence Treasury yields.
- Bessent's vision of yield-curve control extends beyond Treasuries and includes influencing rates for companies investing in artificial intelligence, but some market participants doubt his ability to shape yields and believe that a more effective approach would be through Fed quantitative easing.