3/ Go back and check the numerous times when Tesla was on the brink of going bust.

"Non-auto retail inventories are not only well above their level pre-Covid, they are growing substantially faster than the 5 year pre-Covid trend. As I boldly suggested before Christmas, we might be surprised at how quickly we flip from shortages of certain goods to a gluts…"

Nation-States destroyed the Mediterranean. [Also note signs in French as the Jewish upper class used French]

1/🧵 When Aswath Damodaran speaks, investors should listen. His recent podcast episode in “Invest Like the Best” is one of the best ones I’ve heard in years. To save you time, here's curated notes of key insights from this spectacular 90-min episode. Best served with cup of 🫖

Ben Carlson That's like taking five shots at a bar and then driving 90 mph to get home before you're drunk.

Today #BTC is valued at $23,282.32. The price of bitcoin has gone down -50.64% since Taleb (Nassim Nicholas Taleb) sold.

My wife offers unsolicited market commentary ~once a year. Today it was "let it burn."

"Reality doesn't reward effort. It rewards utility and effectiveness." h/t The Latticework ltcwrk.com/worldly-wisdom…

If you say something smart but you're a nobody odds are it will one day be falsely attributed to Churchill, Einstein, Lincoln, or Twain.

The Federal Reserve Recap with Jerome Powell

If you're a long-term investor the odds of experiencing a crushing bear market and a recession are 100% yet so many act surprised and shocked when it happens.

Wealth vs. Getting Wealthier collaborativefund.com/blog/wealth-vs…

1) No rumor is true until officially denied; 2) No currency is to devalue until the central banker announces that there will be no devaluation; and 3) A stablecrypto is stable until the manager is compelled to tell the world that it is stable & "rule out" its collapse.

Moon brought us together in ‘69, Mars can do that in the future

The theory is that higher rates cause a debt spiral for the government as it needs to pay interest on interest, which compounds the deficit. Except that the US gov taxes much of that interest earned as reg income, plus collects on corporate bonds. Like science, #FinanceisHard.

Until the late 1990s, a "startup" was something that could eventually pay off w/future operating profits. Since then, a startup has been a package that pays you back when you sell to other investors who, in turn, hope to sell to other investors by a mechanism known as "funding".

Pedro Castillo Creo que es por pura casualidad.

PROLOGUE: The error of generalizing the particular, an application to racism & discrimination.

The market is rational but investors play different games and those games look irrational to people playing a different game.

Una realidad trágica. La mayoría de las escuelas públicas en Venezuela funcionan uno o dos días a la semana.