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“75% oF FuNd mAnAGeRs CaNT bEaT tHe MaRKeT!!” Duh. Not every fund is designed to beat the market. Some people want more focus on preservation, some want stability, some want tax optimization. The goal is not to outperform the market every year; it’s to design a portfolio that works with your risk tolerance and goals.
That’s the boring reality.
BREAKING: President Trump says he has cancelled the US attack on Iran and that the “perimeters of a deal” have been agreed to.
Trump says this deal will include “a total reopening of the Strait of Hormuz.”
What could kill the stock market rally? THIS. I don’t think people take this seriously enough…
Imagine a political sweep of Congress towards democratic socialism, driven by young people dissatisfied with falling wages, rising asset prices, and out-of-reach home values.
If elected, it’s a no-brainer to pass a wealth tax, increase capital gains taxes, implement “mansion taxes,” and blame capitalism for every problem imaginable. Asset prices subsequently collapse, business contract, home values plummet.
This is framed as a “good thing” to level the playing field; now people can buy that same home for 35% less. Stock prices are 40% cheaper.
They’ll say “The rich simply got greedy and no one ‘needs’ more than a few million dollars, at most, anyway….capital gains taxes should be 35%, not the previous 20%…corporate taxes should be raised back to 30%…get rid of 1031 exchanges…now everyday people can buy those same assets for less, this is a victory!”
Trillions of dollars get wiped out instantly.
Chance of this happening? It’s not 100%…but it’s not 0%, either…
BREAKING: AOC surges ahead of Gavin Newsom in the 2028 presidential odds for the first time, as democratic socialism expands its national reach.
11% chance AOC takes the White House.
At first, this seems terrifying.
But then I realized: This theory assumes displaced workers won’t find any other meaningful work, skill, or service they can offer after being replaced with AI. I doubt every displaced worker will be permanently unemployable. Most of these people will create new opportunities in industries we haven’t even thought of yet.
This is like television being displaced by YouTube. Or radio being displaced by TV. Or manual agriculture with machinery. We arguably have the most opportunity, ever in history, this very second.
Two economists mathematically proved that AI will destroy the economy.
Researchers from Wharton and Boston University published a terryfiying paper called "The AI Layoff Trap."
They mapped out the economic end-game of the AI transition, and it exposes a fatal flaw in
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