one way to make an industry seem like it should be killed is to use your position of power to selectively enforce against good actors, let bad actors run wild, and only approve products with high risks

Alibaba founder Jack Ma's advice to college graduates: for your first job, look for a good boss and stay with her for three years.

So it looks like science just solved global warming? nytimes.com/2023/07/12/cli…

My big climate prediction for the decade is that China will totally ignore the western de-growth approach to "solving" climate, will keep burning coal and emitting indiscriminately, and then unilaterally deal with global warming with a solution like this or by issuing reflective

I’m in the wrong line of business

Regional bank earnings continue through the end of the month. Reporting dates for institutions 100bn and down per S&P. I'll keep posting as I see more of this.

NEW: 85 people in Arizona suffered severe burns from contact with pavements heated up to 180F (82C). 7 of them died. In total, 257 people had underlying cause of death listed as "exposure to excessive natural heat". This is not a forecast for 50 years time, it’s happening today.

“An expert is a person who has made all the mistakes that can be made in a very narrow field.” – Niels Bohr

Only one country comes close to disrupting U.S. hegemony in global popular culture: Japan. But why them? Because popular culture isn't a subjective art form but an industrial export Japan's military funded for WWII propaganda to defeat Disney. A 🧵 on industrial pop culture:

Financial markets don't predict the future. They reveal predictions of the future. They simply reflect the future as currently imagined by market participants.

the first rule of life is to have fun

You shouldn't feel jealous about anyone else unless you're willing to swap lives with them entirely.

oversleeping a single morning can easily fuck up the next 6-8 months of your life if not several years

im fully priced in

To have a good relationship, you must be clear with each other about what the quid pro quo is--what is generous, what is fair, and what is just plain taking advantage--and how you will be with each other. #principleoftheday

If I get 1000 likes and 500 retweets I will post general market direction post FOMC / Presser. Lezzz go folks. I stand by my calls. Always.

I’m just waiting for de bus

Druckenmiller on why you should never invest in the present. "It doesn't matter what a company's earning, what they have earned - you have to visualise the situation 18 months from now - that's where the price will be".

Cem Karsan 🥐 latest podcast has so many crumbs 🥐. 1) Counter-trend rally possible after perfect election gap fill call out (watch CPI). 2) $SPX 6100 is the top of the market, 6000 or 6025 will be where this counter-trend rally stops. Likely beginning of Feb or Feb OPEX. 3)