NEPAL, WE FEEL YOUR PAIN
India & particularly Ladakh understands the pain of being at the forefront of #ClimateChange.
We have experienced this in Leh in 2010. Unfortunately many more places will experience this in future if we do not change our ways.
People in the mountains suffer for no fault of theirs as people in big cities continue to live as if there's no tomorrow.
There perhaps is NO TOMORROW...
Please live simply in big cities, so we in mountains may simply live.
#ILiveSimply
Single Family Home stats in SoFlo:
1. 2008 crash took 7-8 years to come back up. Is there another crash brewing? (see next post)
2. Palm Beach prices are outpacing Broward already.
#SFH#SouthFlorida#RealEstate
courtesy - https://t.co/7lb5RA1o3N
A couple of weeks ago I decided to lock myself in my office til I fully understood the scale/drivers of a remarkable global energy triage effort - and its rapidly shrinking viability - as the Strait of Hormuz remains effectively closed.
With flights canceled in Europe, cold meals in India, rationing in the Philippines and steadily rising gas prices here, here's what I found.
Featuring my remarkably helpful & patient market sherpas @gbrew24@CroftHelima & @Rory_Johnston
Prime Minister Modi generally don't talk negative much. By nature, he always sounds optimistic.
What he said today is important:
"First came the corona pandemic; then wars began to break out, and now there is an energy crisis. This decade is turning into a decade of disasters for the world.
If these situations are not rapidly changed, achievements of the past many decades would be washed away, and a huge section of the world's population would be pushed back into poverty".
World over the bond yields are going up. Inflation is expected to hit harder. Price of everything would go up while income would stagnate. Many people would be pushed into poverty.
This problem is not going to be unique to India. It would be a global economic and humanitarian crisis.
Looks like US and Israel would resume their war with Iran soon.
Though markets are difficult to predict, looking at the global and domestic headwinds, better not to have any positive expectations from markets for next one to two years.
If the problem is only sentimental, markets usually recover fast. But now the problem is severely fundamental. The recovery may take longer.
Though I never foresaw any of the things happening now, through out last year I was insisting on the need of having safe money. The world is becoming more uncertain and unpredictable.
Sorry for sounding negative. But the reality needs to be faced.
BREAKING: Sen. Lindsey Graham unloads on Pakistan after reports claim the Middle East mediator allowed Iran to use their bases to park military aircraft.
"I don't trust Pakistan as far as I can throw them. If they actually do have Iranian aircraft parked in Pakistan bases to protect Iranian military assets, that tells me we should be looking maybe for somebody else to mediate. No wonder this damn thing is going nowhere."
Charlie Munger: “Berkshire would’ve been a lot bigger if we had used leverage, but we would be sweating at night.”
“And it’s crazy to sweat at night…” (pause)
Warren Buffett: “Over financial things.”
😂😂😂