As everyone watches the SpaceX IPO today, its worth remembering this advice from Buffett
"The idea that a newly issued security (IPO)—brought to market at a time of the seller's choosing and surrounded by massive hype—is the single best bargain among thousands of global businesses is absolute nonsense.
When an offering carries a ridiculous 7% commission just to incentivize salespeople, it simply cannot be the most attractive investment available.
While people easily get caught up in the excitement of a new launch, look at the reality: you have thousands of existing public companies whose prices are set by a natural auction market, free from aggressive promotion or hidden fees.
It makes no sense to buy a security precisely when an insider decides the timing is perfect to sell. Frankly, it isn't worth spending five seconds thinking about IPOs."
- Warren Buffett
Not AI
Trump fell asleep again during a public event in the Oval Office today.
He now falls asleep at virtually every public event where he’s seated. We can only imagine what happens when the cameras aren’t there.
The president is clearly unwell.
25th Amendment now.
This remains one of the few times a journalist stood up to the orange fascist with a simple question: “Do you regret all the lying you've done to the American people?"
~ S.V. Dáte, HuffPost correspondent
As a 51 year veteran of market speculation covering six different decades I have seen multiple examples of market manipulation and price engineering
There is little doubt in my mind that the "Orange Hair Hedge Fund" has bet and benefited BIG TIME from futures and betting markets with very well timed and coordinated announcements
I doubt that the CFTC or SEC have the gonads to conduct a thorough investigation
Before Trump’s war the Strait of Hormuz was open, sanctions were in place, and gas was $2.39.
Now Iran controls the Strait, sanctions will be lifted, gas is $4.99, 13 Americans are dead, over 300 injured, and the loss of hundreds of billions in aircraft and U.S. base repairs.
Bloomberg acknowledges that the US war on Iran is backfiring, undermining the petrodollar system that gives the US empire so much power.
Gulf regimes are exporting significantly less oil, and they're not reinvesting those petrodollars in US assets.
Meanwhile, many foreign central banks have been selling US Treasury securities (US government debt) to prevent their currencies from depreciating, leading to US bond yields rising markedly -- not falling, as they typically did in past crises, when investors engaged in a "flight to safety". The US financial sector is losing its perception of having "safe haven" status.
This means that both key aspects of the petrodollar system are breaking: there are fewer oil exports in dollars (Iran wants oil to be traded in Chinese yuan), and there are fewer petrodollars recycled into US financial assets.
The fact that Netanyahu was trying to get an American President to do this for the last 40 years, and Trump was the only one that agreed to. It tells you how f****** stupid he is.
No thanks!!!!
We in Greenland 🇬🇱 are healthy and doing well, sustained by our own traditional foods — including seal blubber, which is rich in vitamins and nutrients that have kept our population strong for generations.
Instead, you may want to focus on the internal challenges in the United States, where many citizens are in need of healthcare and cannot afford necessary treatment!
JUST IN: U.S. Q4 2025 GDP growth slowed to 1.4%, well below expectations of 3%.
For 2025 overall, the economy grew 2.2%, down from 2.8% in 2024.
Are we great yet???
Trump ignores clear economic data showing his tariffs were hurting the economy and raising prices, and rushed to impose new tariffs after the SCOTUS ruling.
Voters will remember this in November.
I had to check, but this is actually true...
"ICE is now responsible for 66% of all homicides in Minneapolis this year. But go on about 'how they’re making cities safer…'"
JUST IN: Democrat Taylor Rehmet flipped Texas SD-9, defeating Trump-endorsed Leigh Wambsganss in a district Trump won by 17 points and that hasn’t elected a Democrat in 25 years.
This video shows Alex Pretti trying protect a protestor who is being assaulted, then he gets viciously beaten by federal agents, then he's disarmed by a CBP goon and only after that is he summarily executed with 10 bullets. This is murder.
In the last hour, "T2" posted this same photo five times, replying to Pete Hegseth, Steven Miller, Bondi, etc. Just this photo, no text. Retired 4-star Gen. Tony Thomas led the nation's Special Operations Command.