In 2010, when a shareholder asked Warren regarding his Harley Davidson investment in debt :
Warren : “I don’t know whether Harley Davidson’s equity is worth $33 or $20.”
“I kinda like such business where you customer tattoo you name on their chest or something.” 😂
“I’m not sure even going and questioning those guys I’d learn much from them regarding its economic value.”
Trading is crazy.
You start because you want financial freedom.
Then you realize the biggest thing you’re building isn’t your bank account.
It’s your discipline, patience, confidence, and character.
The money becomes the result.
The person you become along the way is the real transformation.
September 16th is about to be a wild day.
We now have President Trump threatening to "stop trading" with all countries that the US has a trade deficit with if the Fed does not CUT rates.
This would effectively cut off trade with ~50% of all US trading partners, including Mexico, China, Taiwan, Germany, Japan, South Korea, Canada, and India.
Trump says the Supreme Court has ruled that he has an "absolute right" to do so.
Meanwhile, the market now thinks Fed Chair Warsh, who was just appointed by President Trump, will HIKE rates in his first rate move.
Just months ago, President Trump said it was a precondition that his Fed Chair appointee is willing to cut rates.
September 16th marks the next Fed decision.
If the Fed doesn't cut rates on September 16th, a potential of $300+ billion in monthly US trade volume could apparently come to a halt.
We will be breaking it all down in real-time.
Commodity markets are saying everything you need to know.
Even as rate hike expectations and Treasury yields rise, commodities continue push higher across the board.
Inflation has now been above the Fed's 2% target for 65 consecutive months.
And, the Fed's 2% target appears to be distant at best as oil prices near $100/barrel again.
The reality is that the denominator of these assets, the US Dollar, is undergoing a historic loss of purchasing power.
Prices are not just rising; the currency they are priced in is losing value.
We have a long road ahead.