What is wrong with our civilization can be said with one word — unreality. We are in no danger either from the vices or the virtues of vikings; we are in danger of forgetting all facts, good and bad, in a haze of high-minded phraseology.
Shocking stat of the day:
The top 10% largest US stocks now reflect a record 78% of market cap for the US stock market.
This exceeds the previous record set in the 1930s by 3 percentage points.
This is also above the peak of the 2000 Dot-Com Bubble, when the percentage was…
Do you feel behind financially?
• The average $100k salary age is 35
• The average first-time homeowner is 38
• The average millionaire is 57
Don't let social media fool you -- you’re doing better than you think.
You will not remember how much money you made throughout your career.
However, you will remember every single person that kindly opened a career door for you.
Opening doors for others is important and meaningful work. Be a door opener.
In the last few years we've seen:
- The plot to kidnap Gretchen Whitmer
- The Storming of the Capitol and pipe bombs left at the RNC and DNC
- The break-in to kidnap Nancy Pelosi and the brutal on Paul Pelosi
- Multiple assassination attempts against Trump
- The assassination…
"Nvidia’s, $NVDA, market cap is now larger than every country’s entire listed stock exchange apart from the U.S., China, Japan, and India," per Deutsche Bank.
I understand why ppl are nervous about a slowing labor market but it's remarkable how stable and low the unemployment rate has been
These are the readings from the past 18 months:
4.3%
4.2%
4.1%
4.2%
4.2%
4.2%
4.1%
4%
4.1%
4.2%
4.1%
4.1%
4.2%
4.2%
4.1%
4%
3.9%
3.9%
Retail trades now 18% of stock-market volume, versus 10% in 2010, creating more opportunity for irrational prices (bubbles) as limits to arbitrage prevent sophisticated investors from correcting mispricing. Retail investors also tend to overweight left side of factors, wrong side
Great write up/killer finish.
“The higher multiples imply that prospects of the likes of Nvidia, Microsoft, Amazon, and Apple improved dramatically in the last two years, but have they? These companies are spending hundreds of billions of dollars on machine learning and are now…
Great write up/killer finish.
“The higher multiples imply that prospects of the likes of Nvidia, Microsoft, Amazon, and Apple improved dramatically in the last two years, but have they? These companies are spending hundreds of billions of dollars on machine learning and are now… https://t.co/nviITpTG4a
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