B of A $BAC As the #1 deposit institution, reported that consumer spending remains solid at +6% YoY for October. Doesn't sound like a recession.

"Thinking is to humans as swimming is to cats. We can do it but we'd rather not." — Daniel Kahneman

Murphy USA $MUSA is No. 4 ranking of U.S. convenience-stores reported that #Nicotine pouch volumes were growing around 45% this year. "For October, saw jump to 120% of prior year volumes" $MO $PM $BTI

How much capital has this table cost investors? Asking for a friend. * Maybe true a generation ago, but markets/tastes change.

Though the IPO of the Bengaluru Airport in India 🇮🇳 has seen delays, the economics of BIAL continue to grow. Now Airports Authority of India (AAI) sees delays/issues with the 2nd proposed Bengaluru Airport. [ BIAL is designed to handle about 52m passengers annually, but already

CAT 5 #Hurricane Melissa insured losses coming in a little lower at ≈$2.4bn based on high-resolution model. reinsurancene.ws/insured-losses…

One could assume the age of beer and booze is over. For some anyway. $DEO $BF.B $TAP, others

Maybe, just maybe, these guys top ticked crypto back in August going all in on #Ethereum (for now anyway). $FGNX, and others. If Bitcoin drops below $99k, possible fireworks.

Climbing the "Wall of Worry" continues for UK #banks as BoE holds #H4L. New 52-week highs for all. $NWG $LYG $BCS $HSBC

If the world is in an oil "glut", why is $XOM near a 52-week high? What does Mr. Market know that many do not, defensive play? Asking for a friend.

“To make good decisions, you frequently must think twice — and that is something our minds would rather not do.” — Michael Mauboussin

Canadian Private Equity firm Onex Corp.’s $ONEX.TO top executive says open to further large bets on #insurance companies. Someone is seeing a good future for #insurance. insurancejournal.com/news/national/…

For those that follow: Fairfax India's $FIH.U 3rd largest position CSB Bank priced at an all-time high. CSB Bank is one of India's 🇮🇳 largest gold lenders. Fairfax India owns 40% of the bank valued at ≈$325m presently.

Maybe, just maybe, all the "clickbait" on #bank unrealized losses was "real" losses in private equity. Is it possible the big mega banks were the smartest in the room this whole time?