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Our softball team lost, I fired the scoreboard operator.

Someone launched a coin called $Alpha and then used the price action to write “Alpha” on the chart.

RIP: Loni Anderson youtube.com/watch?v=AmdNzi…

Trump Seeks Bigger Overhaul at Labor Statistics Bureau, Adviser Says wsj.com/economy/jobs/t…

The Stock Market Just Got a Sobering Reality Check bloomberg.com/opinion/articl…

Tesla Grants Musk $29 Billion in Stock to ‘Keep Elon’s Energies Focused nytimes.com/2025/08/04/bus…

Nathan's Famous, the hot dog outfit, is up 5% today. It's been a big winner over the years. $NATH

In last week's newsletter, I listed a few stocks that I'm considering for next year's Buy List. One of them, IDEXX Labs $IDXX beat earnings this morning, raised guidance and is up 25%.

"When you have something to say, silence is a lie." - Jordan Peterson

Value Investing

This is my favorite episode of WKRP, and it's not the turkey one. In fact, it might be my favorite sitcom episode of all time. Loni's great in it, the writing is superb -- and the episode is surprisingly moving. youtube.com/watch?v=ndafP4…

Gartner $IT -30%

Traders give a 42% chance that the Fed will cut by 100 bips before the end of the year.

You're weird if you don't like tacos

Nathan Eovaldi is having another great outing. He's 1 -hitting the Yankees after 7. The problem is he hasn't pitched enough to be a qualified leader. It's probably 50-50 that he'll qualify by the end of the season.

The share of U.S. households that are millionaires by age group: • 20s: 1 in 100 • 30s: 1 in 20 • 40s: 1 in 7 • 50s: 1 in 4 • 60s: 1 in 4 • 70+: 1 in 4 Wealth takes time. Don’t forget this while you build yours.

How One Company Maintained a Monopoly on U.S. Fire Retardant nytimes.com/2025/08/06/bus…

Goldman Trader Says Buoyant Stocks Are Ignoring Recession Risks bloomberg.com/news/articles/…

Why the B.L.S. Regularly Revises Jobs Data nytimes.com/2025/08/06/bus…

Modern pick-up lines. "Your smile looks like it's AI"