I’m at the airport reading, and a man in his ~60s walks by me and says: “Great book. Wish I had it earlier.”
So I ask, “Really? Why?”
That sparked a convo about how he went from Harvard MBA to investment banking in NYC… to an existential crisis at 35 where he lost himself, gave it all up, found himself, met his wife, and built multiple business.
What stuck with me the most is how he talked about his wife. He just LIT up.
“If you think I’ve had an interesting life, you should meet my wife! She’d blow you away. She blows everyone away. She’s the most impressive woman I’ve ever met. She’s my linchpin.”
Me: “What advice would you give for choosing a life partner?”
Him: “If you have a big vision and want a big life, you need someone who knocks your socks off. It’s gotta feel like winning the lottery. This person is your #1 advice giver. Your lifelong backup. Your companion for thousands of meals, events, problems. You need someone better than you in a lot of ways. Whose mind and heart amaze you. I wake up every day like, ‘How on earth did I land her?’ She says the same thing. That’s when you know.”
Then he showed me like 300 pictures of them and their kids on vacation around the world.
Couple goals. 🥹
@Cobratate Weights are medicine for a man’s depression
Clean foods are medicine for a man’s lack of energy
Boxing gloves are medicine for a man’s insecurities
Good friends are medicine for a man’s lack of motivation
You don’t need pills to be healthy.
Squinting at the CPI components tomorrow has the risk of losing the forest for the trees.
While goods inflation has moderated it is probably not going back to pre-covid levels over time and there is little indication that services inflation is moving back to the Fed's target.
If you still believe anything the mainstream media tells you at this point, I don’t know what else to say. None of it can be trusted. The only thing I consider to be legit news is citizen journalism on Twitter with actual evidence. Everything else is garbage.
Billionaire Elon Musk has warned against margin debt, per Bloomberg, citing the risks of “mass panic” in the stock market as a possible recession looms.
Picking stocks with high ROIC and avoiding those without earnings has been a simple, yet extremely effective, way of outperforming in 2022. Regardless of size or style. A clear example of why stock (factor) selection is THE generator of alpha across and within markets. #macro
This morning I discovered something *extremely* alarming happening in the car market, specifically in auto lending.
I'm now convinced that there is a massive wave of car repossessions coming in 2023.
Here's what I discovered (and what no one knows):