The most concerning part about this is that most Europeans don't realize how stagnant Europe has now become
Europeans are literally blue-pilled and are mostly concerned with climate change, immigration and the Ukraine war
Nobody in Europe is thinking why increasingly everything they use is made in China running on American software
The knee jerk reaction is to proudly pass regulation against American tech
The chad reaction would be to reduce regulation so that European entrepreneurs would actually stay in Europe to build European startups increasing Europe's GDP and making Europeans richer!
I am European and I have regular conversations about this with people here, it's just not on top of mind AT ALL! While it should be because Europe's GDP is stagnant and the real innovation now happens in US and China and elsewhere, not in Europe
People in Europe do love to complain about rising cost of living and the increasing unaffordability of living, but they don't realize why. They point at foreigners/immigrants as the problem, which can't be the whole story
Other Europeans I talk to get visibly upset if I ask them about stagnant GDP numbers: "why should everything be about money?" they say in a thick German accent
The whole story is that Europe has made it very difficult for people to start a business, raise capital, innovate and get the reward for taking that risk, so why would anybody?
And for the Europeans that do, it's way easier to open a US Delaware company, raise capital in US, sell your stock or IPO in the US, because why even do that in EU, where it's too hard? The proof is in the pudding, if it was so easy in EU then why is startup funding in US $270B AUM with 330 million people vs $44B AUM with 746 million people? That's almost 14x bigger startup funding market per capita
Why doesn't EU have ANY trillion dollar companies? While US has six? Why isn't there any European company in the top 10 of largest companies? While 80% is American?
Why is Stripe, a company founded by two Irish brothers, an American company and not a European one? It could have been
Very few Europeans will agree with this post because they can't see it, if they would've seen it, we wouldn't be here in the first place!
What's the role left for Europe in the future?
Signed,
- A techno-optimist European who'd love to see Europe become wealthy again
5) Exit Rules
Let's also systematize his exit rules:
1) Selling 1/3 or 1/5 of the position within 3-5 days after entry
2) Move the stop to breakeven
3) The remaining position has a trailing stop loss using the 10/20 moving average.
4) Exit if price closes below the trail.
4) The Breakout Trade
Let's systematize his strategy:
1) Initial driver move of >30% in the last 12 weeks
2) Sideways consolidation of 2-8 weeks
3) Consolidation average > 10/20/50 SMA
4) Enter trade on the breakout
5) Stop loss at low of breakout day
6) Stop loss < 1*ATR
We also look at the share of floating rate loans and mortgages as higher interest rates pass through more quickly in that case
Finally, we focus on refinancing cliffs: how early must the private sector refinance at high rates?
In Europe, refinancing walls are coming quick
8/
🚨BREAKING: ELON MUSK SUES OPENAI OVER AI THREAT
ELON IN SUIT:
"OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft.
Under its new board, it is not just developing but is actually refining an AGI to maximize profits for Microsoft, rather than for the benefit of humanity.
Contrary to the Founding Agreement, Defendants have chosen to use GPT-4 not for the benefit of humanity, but as proprietary technology to maximize profits for literally the largest company in the world.
OpenAI, Inc.’s once carefully crafted non-profit structure was replaced by a purely profit-driven CEO and a Board with inferior technical expertise in AGI and AI public policy. The board now has an observer seat reserved solely for Microsoft."
Source: Courthouse News
The Fed has kept rates above 5% for quarters now, and yet the US economy fails to materially weaken.
Bond markets are back at pricing higher-for-longer.
What if: ''this time is different''?
1/
The launch of Sora yesterday marked the day that we can no longer tell what's real or fake on the internet anymore.
Remember, this is the worst AI will ever be.
If you want to keep up with the latest AI developments and tools for free, subscribe: https://t.co/4so8jC6Dpq
Ikigai (生き甲斐) is a Japanese concept referring to something that gives a person a sense of purpose, a reason for living.
Japanese have basically a word for any concept that in other languages require lots of words (except German, obviously).
The term compounds two Japanese words: iki [生き, meaning 'life; alive'] and kai (甲斐, meaning '(an) effect; (a) result; (a) fruit; (a) worth; (a) use; (a) benefit].
Interestingly, Ikigai has been the subject of many interdisciplnary studies.
According to a study by Michiko Kumano, feeling ikigai usually means the feeling of accomplishment and fulfillment that follows when people pursue their passions.
National Geographic reporter Dan Buettner suggested ikigai may be one of the reasons for the longevity of the people of Okinawa.
Studies have even shown that people who do not feel ikigai are more likely to experience cardiovascular diseases.
[📈 dreamstime]
UPDATE: The 9 new #Bitcoin ETFs have bought 102,613 $BTC in just 7 days of trading.
It took MicroStrategy ~300 days to buy +100K Bitcoin.
Wait till you see FOMO kick in... 🧐