Madhav Rangrass

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US Treasury posted a $120 billion deficit in June, a sharp deterioration from a $27 billion surplus in June 2025.

This comes as government receipts dropped -$31 billion YoY, to $496 billion.

The decline was largely driven by a surge in tariff refund payments after the Supreme Court ruled the tariff increases illegal, resulting in a -$26 billion net decline in customs duty receipts.

At the same time, outlays surged +$117 billion YoY, to $616 billion.

In the first 9 months of FY2026, the US deficit rose +$29 billion YoY, to $1.37 trillion, the 3rd-highest deficit at this point in the fiscal year in history.

Over the same period, net interest expense rose +$78 billion YoY, to $827 billion, on track for the highest annual net interest expense on record.

The US deficit crisis is accelerating.

[The Assembly @InTheAssembly]

I have spent years digging through market data, backtesting strategies, and reading academic research.

One truth keeps coming back to me. Almost nobody talks about it.

The entire net wealth created by the US stock market since 1926 came from a tiny handful of companies.

The rest is dead weight.

According to research from Professor Hendrik Bessembinder:

- Just 86 stocks accounted for half of all wealth creation in the US stock market over the past 90+ years.
- The top 4% of stocks explain 100% of the net gains.
- The remaining 96% of stocks collectively performed about the same as Treasury bills.

A more recent global study from 1991 to 2020 found the same skew. The top 2.4% of stocks created every single dollar of net stock market wealth worldwide.

This is not theory. This is what the data actually shows.

That 10% average long-term stock market return everyone talks about? It is an illusion created by a tiny number of extreme outliers.

Most individual stocks never deliver meaningful outperformance. Many do not even beat cash over their lifetime.

This is why most active managers underperform broad indexes.

This is why trying to "find the next big winner" is closer to a lottery than an edge.

And this is why broad diversification is one of the highest-probability ways to capture those rare massive winners without having to identify them in advance.

Serious investing is about understanding how the game actually works. It is about positioning yourself to benefit from the extreme positive skew instead of fighting it.

The data does not lie.

[Madhav Rangrass @mrangrass]

@BULLOFBRITAIN As a Brit, is this good or bad in your opinion? And could you briefly share your reasons?

[Madhav Rangrass @mrangrass]

Bomb the country and destroy its infra. Then say I’ll rebuild what I damaged if you give me half your oil. Enough of this.

[First Squawk @FirstSquawk]

TRUMP HINTS AT MARSHALL PLAN-STYLE IRAN RECONSTRUCTION, BUT SAYS THE US WOULD TAKE HALF OF IRAN'S OIL IN RETURN. - ABC NEWS

[unusual_whales @unusual_whales]

The Pentagon has raised its assessment of an Israeli espionage threat against the United States to its highest level, per Al Jazeera

[Watcher.Guru @WatcherGuru]

JUST IN: Elon Musk's SpaceX signs $920,000,000 per month deal with Google to provide AI computing power.

[Kalshi @Kalshi]

JUST IN: Pentagon fears Israel is trying to spy on administration officials

[Madhav Rangrass @mrangrass]

Please stop.

[🚨Indian Gems @IndianGems_]

"So what if the rupee touches 100 to a dollar? It's just a number."

— Dr Shamika Ravi, PM Economic Advisor

[Madhav Rangrass @mrangrass]

And it’s not the first instance. The FBI also seized 15bn USD worth of bitcoin from the scam king in east Asia. This means the US can possibly hack into wallets if they don’t like you. People need to understand this.

[Nostra, House of Gold @Nostre_damus]

US Treasury seizing Iran's crypto destroyed the only use case for crypto

Few understand this

[Madhav Rangrass @mrangrass]

Random lies.

[Open Source Intel @Osint613]

Reporter: How do you define ceasefire?

Trump: In that part of the world, ceasefire is when you're shooting in a more moderate manner

[The Assembly @InTheAssembly]

Are you paying attention?

$MRVL is up 91% since we covered it as one of $NVDA’s latest investments.

This is why we do what we do.

We already told you. Follow us with notifications on, or you will regret it later.

[Madhav Rangrass @mrangrass]

@Swamy39 Random claims. Give reasons so people can analyse and discuss.

[Madhav Rangrass @mrangrass]

Move on, US. Solve your own issues. Do you really think that India doesn’t but oil from Russia even if you don’t give a “license”?

[Shashank Mattoo @MattooShashank]

Breaking: America wants to end license allowing countries like India to buy Russian oil "as soon as possible", says US Secretary of State Marco Rubio

[Madhav Rangrass @mrangrass]

There’s a war and the global economy is suffering. Stop making it just about India. It’s fine if we sell some of our humongous gold reserves to defend the value of the INR.

[Madhav Rangrass @mrangrass]

What about months of saying that they’ve destroyed the Iranian Air Force, Navy, and missile launchers?

[Aaron Rupar @atrupar]

Trump claims his strikes haven't really hurt the Iranian military: "We've actually left their military alone. People would be surprised to hear that."

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Micron stock, $MU, officially hits $1 trillion in market cap for the first time in history.

12 months ago, this stock was worth just $70 billion.

[Michael McFaul @McFaul]

The Strait of Hormuz was open and not controlled by Iran before Trump launched his war against Iran.

[Manchester United @ManUtd]

Sir Matt Busby Player of the Year ✅
United Players' Player of the Year ✅
FWA Footballer of the Year ✅
Premier League Player of the Season ✅

That's our Bruno 🐐

[BULL OF BRITAIN @BULLOFBRITAIN]

I see a lot of talk about energy stocks and no one speaking about $HYLN

tldr thesis: originally an EV company, but their product the KARNO generator has ridiculous operational life and is being considered as an alternative to the standard fuel cell in data centers.

[Manchester United @ManUtd]

No-one does it like him.

Bruno Fernandes is the Premier League Player of the Year 🤩❤️