Big news: global household wealth jumped +7.3% YoY to a record $570 trillion in 2025. Stocks led the way, making up 57% of the gain, while real estate only added 15%. Since 2000, that number is up +338%, averaging +5.9% a year. Now it's roughly 380% of world GDP. Real estate sti
🚨 BIG NEWS:
🇺🇸🇮🇷 The U.S. and Iran are in talks about a fresh peace deal as we speak
This deal includes the "immediate" reopening of the Strait of Hormuz
Trump has called off new strikes on Iran because of this
Hoping hard this comes through now!!
🩸 Korea's markets are an absolute mess right now.
KOSPI nosedived over 11% today.
Samsung took a -12% hit.
SK Hynix dropped -13%.
SanDisk? Down -18%.
Almost ₩575 trillion just vanished in a single trading session.
Everyone is getting completely wiped out.
🚨 BREAKING:
🇺🇸🇮🇷 Trump just told N12: "We're talking with Iran. If that doesn't work, we'll go back to military action."
He also said talks began because mediators asked for it.
Really hoping a deal comes through!!
Big news: YouTube TV and Peacock just made a deal 🤝
Starting early next year, if you're a YouTube Premium subscriber in the U.S., you'll get access to all of Peacock's content—including live sports. Google and Comcast teaming up 🎉
Futures and bitcoin are climbing, oil’s dropping after reports the US and Iran paused strikes for now. Trump called off a planned Friday strike, so Iran had nothing to retaliate against.
Not sure if this signals real progress, but if there’s a moment for a ceasefire, it’s
Stocks are significantly outperforming housing over the US over the long run:
Since 1975, the S&P 500 has delivered an average annual total return of +12.2%.
This is more than double the +5.1% annual gain in US home prices over the same period.
Even without reinvesting
The accounting cycle is the step-by-step process businesses use to track and report their financial transactions. It starts with recording each transaction and ends with closing the books for the period.