Nasdaq sobe 39% no ano, fechando o melhor semestre de sua história

Como temos comentado no WHG Overview, 2023 é um ano de reversão. Os melhores setores em 2023 tem sido os setores que tiveram o pior retorno em 2022. Fonte: GS

Preocupante.

The S&P 500 is now 3% higher than where it was when the Fed started hiking rates in March 2022. $SPX

The most underrated video on the internet: A man tries to make a chicken sandwich from scratch: It costs $1500 and takes him 6 months. There's never been a better time to be alive.

Jim O'Shaughnessy Looks like MSFT was the next $MSFT up 9.8x and compounding at 10.7% to present. But for the following decade it was down 29% for a 10 year annualized decline of 3.4% showing that timing is everything. (if you waited a decade to buy it the stock was up 14x and IRR 26.7% to date)

Amazon cover story from 1999:

Newspaper headline from 1977:

The Fed's favorite measure of "inflation compensation" (their term) is the 5-year/5-year inflation break-even rate. It shows the market's pricing of the average inflation rate in five years for the next five years (this supposedly removes short-term distortions like gyrations in

Mr. Market is a manic depressive

One of the most overlooked opportunities in life is how you are positioned when circumstances hit. Good positions create options; bad positions reduce them. You don’t have to be an expert decision-maker to get better results. You only need to put yourself in a good position.

Diferentes pessoas sobre EUA: 1- José Rocha (Dahlia), 08/22 2- Daniel Leichsenring (Verde) 12/22 3- Luis Stuhlberger (Verde) 01/23 4- Warren Buffett, 09/22 5- Marcio Appel (Adam), 03/23 6- Jamie Dimon (JP), 09/16 7- Warren Buffett, 05/20 +

one of the most genius organic growth engines of all time is the @Zillow Zestimate a little startup secret: it was spawned by a very simple Bill Gurley question! bill asked Rich Barton: "what would you build if you had a $0 marketing budget?" the rest was Zistory!

10-Year Treasury Yield moved up to 4.28%, highest since December 2007. The Real Yield (adjusted for breakeven inflation) of 1.96% is the highest since July 2009.

Some memories stick with you forever. Others follow you around the internet for 28 years. Happy birthday, Windows.

Charlie Munger: "Warren talks about these discounted cash flows. I've never seen him do one."

Most people speak about iPhone today as if it immediately disrupted the incumbent. Nope. "Blackberry unit sales carried on rising for four years after the iPhone launch - in fact they went up 6x. It took time for Apple to build the route to market and the software features that

Charlie Munger just passed away. He turned 99 years old. Here are 99 life and investing lessons as a tribute to Charlie:

I can’t believe I’ve never seen this clip before

JL Braga, CFA Já ouvi essa stat antes