Zero Revenue Is the New Success Metric
Forget making money, that's small potatoes. The real hustle? Showing ZERO revenue. Pre-revenue is the most brilliant hack in corporate history. This clip nails markets of the last decade. https://t.co/ns03qncFYA
Use Stoic Self‑Check to Cut Risk, Play Strengths
This is probably some of the best trading advice from an unlikely source. Can you self-check your raw emotions with stoicism when you things are going against you? When do you cut risk and go back to playing to your strengths? @jaymesrosenthal
Stocks Rise if Growth Outpaces Inflation
Great chart. The bigger question is whether growth soars more than inflation? What do stocks do if growth keeps surprising to the upside?
Yen Surge Exposes Central Banks' Ponzi Economy
Watching the Yen get manipulated stronger (And US Dollar weaker) this morning is just incredible. The side-effects globally is a testament to the fact we are in a centrally-planned ponzi economy where free markets don't really exist in the way have...
Active Management Returns as Market Shows Clear Winners
Active management making a comeback?!? There is actually dispersion in the market. There are now winners & losers. https://t.co/2IElGGZKWi
US Leverage Grows as Europe Faces Defense, Energy Reset
The longer the Strait of Hormuz is closed, the more negotiation leverage the US has over the future of NATO and European energy supply chains. The US could ironically be the winner (even in a war-losing scenario) in the future, simply...
Dell's Billion-Dollar Gift Positions UT as Health Hub
@MichaelDell is a true leader & visionary. "A society grows old when men plant trees whose shade they'll never sit under." We need more US boomers to step up and reinvest in their grandchildren & communities like Dell. With...
Central Banking's Power Spurs Redistribution or Revolution
The purpose of a system is what it does. Central Banking keeps centralizing power. The inevitable reaction to the centralization is redistributive policy or revolution. Which one will it be @RudyHavenstein ?? https://t.co/65VVPyx5OX
Crypto Volatility Cycle Reignites as Treasuries Become
Treasury company balance sheets are now currency.... The vol cycle has started again in crypto..... If you know you know..... @dgt10011 @qthomp @fejau_inc
True Strength: Forgetting Both Victories and Defeats
One of the greatest talents psychologically is the power to forget both your wins and your losses.
CPI’s OER Weight Masks Inflation; PCE Shows Hotter Price Pressure
This is not inflationary....Lots of conflicting data on inflation now.... Does CPI come in below expectations on the OER weighting while PCE comes in hot? CPI — Owner's Equivalent Rent (OER) is the single largest component, carrying a weight of roughly 26–27%...
Housing Bust May Fuel Fed’s Push for Productivity Boom
One interesting cross-current in the mkt is watching the top of the housing market and the commensurate generational drag it could have on inflation. This bust could be the political capital the Fed needs to easy into a productivity boom. Notice...
IGV Breaks Support as PE Software Costs Rise, AI Falls
Ballsy call. IGV just broke support. Private equity has software problems. Cost of capital is rising in the sector while AI cost of capital is dropping. Maybe a short squeeze but doesn’t feel like real capitulation after a twenty year bull market.
Asset Correlation Breaks: Bullish on One, Bearish on Other
There's a MAJOR divergence in two assets that have been EXTREMELY correlated happening today that we will talk about on @ForwardGuidance and it makes me very bullish on one thing and very bearish on the other.....@qthomp @fejau_inc
Productivity Boom Hidden by Stagflation Benefits Powerful Bureaucracy
My new framework: We are in a productivity boom inside a government sovereign debt bubble that causes geopolitical & demographic issues- these issues mask themselves as stagflationary. In a productivity boom there are massive winners and losers. Passive management doesn’t work well...