The greatest investor of all time, Warren Buffett, dropped this gem:
“I could fix the deficit in five minutes. Just make a law where any deficit over 3% of GDP means every current congress member can’t run again.”
This guy runs a $1.1 trillion company and has earned $14
Q2 real GDP grew at just 1.8% annualized—the slowest quarter in a year.
But when you take out inventories, trade, and government, the core economy actually picked up pace.
That's what this Sunday's newsletter digs into.
Sign up free here: https://t.co/eAAD4mI9X5
Tomorrow marks 29 years since the Washington Post quoted me, thanks to James Glassman. And the ever-brilliant @jposhaughnessy shows up too. Check it out: https://t.co/uq0fzH26Tj
So if you tell states to cut down on payment mistakes—but only overpayments and underpayments count—guess what they do? They start denying people they're not sure about, since wrongly rejecting someone doesn't count as an error.
https://t.co/sZKZlHxhxk
Bill Miller talking about batting vs. slugging average. "People don't get the difference between frequency and magnitude—how often you're right or wrong vs. how much you make when you're right and lose when you're wrong."
Billionaire Jeremy Grantham just dropped his latest stock picks👀
$MSFT: $2.87B (6.18M shares)
$GOOGL: $2.46B (6.9M shares)
$AAPL: $2.14B (6.94M shares)
His returns so far: MSFT +790%, GOOGL +438%, AAPL +754%
This guy clearly sees something we don't!
⚡ POWER INFRASTRUCTURE | SECTOR UPDATE | STRONG TAILWINDS
Arindam has been super bullish on this space for a while now.
📈 India's winding wire industry is gearing up for a major boom, thanks to rapid electrification, renewables, and heavy investment in power infra.
Really hoping $CIBR can keep pushing off this higher low. First time in weeks we've seen a sector show relative strength, hold for a few days, and NOT crack to the downside. 🤞
When Instagram first dropped, I was in 5th grade, and I thought it was the wildest thing ever. Everyone was obsessed with followers—who had the most? That’s when it all hit me. That’s when we all got lost. And I finally saw the game 📈
Back in 2013, when the Fed scaled back its forward guidance during the taper tantrum, long-term yields shot up, the curve steepened, and everyone started saying the Fed lost credibility. Honestly, ignore that noise. Markets just want constant hand-holding, but they don't really
Good news: if you shared Gavin Baker's post two weeks ago about the risk/reward looking good, just reshare it now. Keep doing this daily—eventually it'll pay off. Then quote your own post: "Called it" 🧠🙌
Looking at gold corrections historically:
Biggest falls from all-time highs:
• 1980 to 1982: down about 65%
• 2011 to 2015: down about 45%
Typical pullback in bull runs: 20–30%
Right now, gold is roughly 30% below its peak.
Best case? It's bottoming out. Worst c