Julien B. Booth

Rowan Rock & Timber

[Julien B. Booth @julienbbooth]

Attached is a quick note – I have tried to be as pithy as possible while covering alot of ground.

Market Note – 2.25.2024
Thank you for your interest.

https://t.co/Bq5CZQBkZ6

[Julien B. Booth @julienbbooth]

https://t.co/baHXOejYEL

[Lorwen Harris Nagle, PhD @LORWEN108]

The most socially acceptable way to destroy your life:

Overthink everything.
Act on nothing.

Your mind calls it “figuring things out.”

Here are Eckhart Tolle’s 7 steps to break the loop: 👇

1. Recognize that there’s a voice in your head that never shuts up.

[Julien B. Booth @julienbbooth]

https://t.co/LmMo4F3n7z

[Dimitry Nakhla | Babylon Capital® @DimitryNakhla]

Intuitive Surgical is currently in its second-largest drawdown of the past 15 years, with the stock sitting at its lowest RSI reading in over 20 years.

This weakness is occurring at a time when the company’s FCF yield is at its highest level in a decade and it trades at a 2.00x PEG ratio — the lowest since 2015.

The irony is that you’ll likely see far fewer posts about $ISRG today than when the stock was trading above $500 and many investors were enthusiastically making the case for why it deserved a 50x multiple.

That’s how it usually works.

Most people are most interested in a stock when everyone else is excited about it.

The real advantage comes from focusing on high-quality businesses precisely when they fall out of favor with the crowd in the short-term — that’s typically when you get the most value for every dollar invested.

[Trending Bitcoin @TrendingBitcoin]

"Nobody uses Bitcoin"

[Frank Chaparro @fintechfrank]

BlackRock is now the 4th largest holder of crypto

5 years ago this would’ve sounded insane

One year from now this list probably looks completely different

[Elon Musk @elonmusk]

Incentives explain outcomes

[Teddy - PolyBackTest.com @Bitcoin_Teddy]

JPMorgan CEO Jamie Dimon: “If I was the government, I’d close it down.”

JPMorgan today: “We now accept BTC as collateral.”

You can’t make this up. 😂

[TFTC @TFTC21]

The World Uncertainty Index just hit 105,000, the highest level in recorded history.

Higher than Covid. Higher than 9/11. Higher than the Iraq War and the Global Financial Crisis combined.

[Julien B. Booth @julienbbooth]

https://t.co/CRDoyWNlP5

[Julien B. Booth @julienbbooth]

https://t.co/xWUK4XTWA6

[The Kobeissi Letter @KobeissiLetter]

US gold reserves have never been this small relative to government debt:

Gold reserves now reflect just 3% of US federal debt, one of the lowest readings on record.

This comes despite the US holding 8,133.5 metric tons of gold, the largest stockpile in the world, and prices surging to record highs.

By comparison, the ratio was ~18% in 1980, or 6x higher.

At the same level of reserves, gold prices would have to rise +400%, to $26,000/oz, to match the 1980s peak.

Meanwhile, in the 1940s, gold reserves backed over 50% of federal debt.

To match the 1940s ratio, gold would need to surge +1,340% to ~$75,000/oz.

Gold reserves are highlighting just how astronomical US debt has become.

[Robert Greene Archive @GreeneBot]

The future belongs to those who learn more skills and combine them in creative ways.

[Nassim Nicholas Taleb's Wisdom @TalebWisdom]

"Never explain why something important is important." - Nassim Nicholas Taleb

[Elon Musk @elonmusk]

😂

[Mo Zarrinsadaf @MoZarrinsadaf]

"If you're going to tell people the truth, you had better make them laugh, or they will kill you."

- Oscar Wilde

[Julien B. Booth @julienbbooth]

https://t.co/NlZqfyxxQp

[Ai Business Journal @ArchieIntel]

JUST IN: 🇺🇸 JPMorgan CFO says stablecoins that pay interest are “obviously dangerous and undesirable.”

Translation: dangerous to the bank’s business model.

[Saganism @Saganismm]

“A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth. Authoritarian institutions and marketers have always known this fact.”

― Daniel Kahneman

[Julien B. Booth @julienbbooth]

Tuesday @ 11AM ET | Beyond the Singularity: Tech, Power, Money, and a World in Rapid Transition https://t.co/le4yls7NjQ via @hedgeye