Joined February 2009
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I wrote a new book... ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: ๐—ง๐—ต๐—ฒ ๐—ฅ๐—ถ๐˜€๐—ฒ ๐—ผ๐—ณ ๐—ฎ ๐Ÿฎ๐Ÿฑ๐Ÿฌ-๐—ฌ๐—ฒ๐—ฎ๐—ฟ ๐—•๐˜‚๐—น๐—น ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ Coming July 4, 2026 ๐Ÿ‡บ๐Ÿ‡ธ Pre-order: amzn.to/4dOo2sB
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USA Investing Quote of the Day: โ€œAmerica is the country of the future. It is a country of beginnings, of projects, of vast designs and expectations.โ€ - Ralph Waldo Emerson
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USA Investing Quote of the Day: โ€œLiberty, when it begins to take root, is a plant of rapid growth.โ€ - George Washington
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๐—๐—ถ๐—บ ๐—š๐—ฟ๐—ฎ๐—ป๐˜ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—”๐—œ ๐—ฏ๐—ผ๐—ผ๐—บ: "I think that today is one of the greatest bubbles of all time." He argues the excitement around AI dwarfs the worldwide web and fiber optics, and that better technology doesn't ground the speculative spirit, it incites it. youtu.be/mq0r92gLkLw?si=ljCmโ€ฆ
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"Congrats to the thousands of hard working SpaceX employees in El Segundo..." Fixed it for you....
Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE. When the federal government is for sale, the rich get richer and everyone else gets shafted. The system is rigged.
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"Today we celebrate one of the great American companies, a California company going public..." Oh wait....
F*ck Elon Musk.
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Meb Faber retweeted
Trivia: These are stock quotes from July 1865, just after the end of the civil war. Without googling or asking AI, how many currently traded stocks can you identify that are directly or indirectly descended from them?
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But that's the thing....
Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth. We need a wealth tax.
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If you're sad you didn't get a @SpaceX allocation, I passed on investing 24 times in the $100-200B range. Not that I counted or anything.
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๐—๐—ถ๐—บ ๐—š๐—ฟ๐—ฎ๐—ป๐˜ ๐—ต๐—ฎ๐˜€ ๐—ฐ๐—ต๐—ฟ๐—ผ๐—ป๐—ถ๐—ฐ๐—น๐—ฒ๐—ฑ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ช๐—ฎ๐—น๐—น ๐—ฆ๐˜๐—ฟ๐—ฒ๐—ฒ๐˜ ๐—บ๐—ฎ๐—ป๐—ถ๐—ฎ ๐˜€๐—ถ๐—ป๐—ฐ๐—ฒ ๐Ÿญ๐Ÿต๐Ÿด๐Ÿฏ, ๐—ฎ๐—ป๐—ฑ ๐—ต๐—ฒ ๐˜๐—ต๐—ถ๐—ป๐—ธ๐˜€ ๐˜๐—ผ๐—ฑ๐—ฎ๐˜† ๐—ฟ๐—ถ๐˜ƒ๐—ฎ๐—น๐˜€ ๐˜๐—ต๐—ฒ ๐˜„๐—ถ๐—น๐—ฑ๐—ฒ๐˜€๐˜ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ๐—บ. My conversation with Jim covers: โ€ข Why AI is "one of the greatest bubbles of all time" โ€ข Expectations for the SpaceX, OpenAI & Anthropic IPOs โ€ข One-third of the ~$6 trillion in life insurance assets now sits in private credit โ€ข His grade for Jay Powell, and expectations for Kevin Warsh โ€ข U.S. debt went from $1 trillion in principal to $1 trillion in annual interest in a single career 0:00 Starts 0:39 Jim on the AI mania 12:23 The economic implications of inflation & deflation 19:56 Interest rates and private credit concerns 27:13 The Fed's inflation 'target' 41:10 How to fix the Federal Reserve 45:09 The history and role of gold in portfolios 54:34 Jim's most memorable investment 57:28 Historical periods to study
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LA tweeps, lots of World Cup tix huge discount but you gotta buy on FIFA. They pulled all inventory they weren't supposed to have from secondary websites. Can't search by price or # of tickets you have to click through per ticket lol What a poorly run sh!tshow.
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USA Investing Quote of the Day: โ€œOver the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.โ€ - Warren Buffett
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I know this is an unpopular take, but everything is getting better.
โ€œNearly 900 lives have been saved at Tampa General Hospital in Florida in the four years since it introduced the โ€œgame-changingโ€ Sepsis Hub system, developed in partnership with Palantir.โ€
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๐Ÿ€ ๐—”๐—ฟ๐—ฒ ๐˜†๐—ผ๐˜‚ ๐—ณ๐—ฒ๐—ฒ๐—น๐—ถ๐—ป๐—ด ๐—น๐˜‚๐—ฐ๐—ธ๐˜†? ๐Ÿ€ Sometimes, luck can play a big role in portfolio growth. The stock market returned roughly 20% per year in the 1990s. Meanwhile, the 2000s were basically flat. On an after-inflation basis, the 1950s were the best and the 2000s the worst. โ†’ Pre-order Investing in America: amzn.to/4vsujBv โ†’ Learn more about the book: investinginamericabook.com/
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Me whispering this line tomorrow while cracking open a beer as @SpaceX IPOs...
"The chamber of dispersion has been opened, the beast of volatility has awakened, and the season of chaos is at hand." via @AcadianAsset theideafarm.com/markets/the-โ€ฆ
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Unpopular opinion: I don't think most individuals investing in the SpaceX IPO care if they make money on the stock. I think many see it as a contribution, or a donation; they just want to be part of the story. I think they'd prefer to make money, of course, but that's not the main reason.
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Everyone: You can teach any subject. Math, tennis, public speaking, reading, biology....except personal finance. That's impossible! If you believe this, it is either a failure of the teacher or the curriculum, or both. But it is absolutely teachable.
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Perth's a lot kinder than I would be. Charging unsuspecting individuals a 5% commission* or $100 is fu$king gross. *also described as a foreign settlement fee, a service fee, or an ETF provider fee depending on the various @Fidelity disclosure.
"I don't want to see ETFs going back to the mutual fund dark ages where nobody knows what the fees are. It should be clear, transparent.. and not use the customer as negotiating tool." - @Perth_Tolle on Fidelity's (and Schwab) move to charge ETF issuers for shelf space and how that could stifle innovation and trigger the return of dreaded 12b-1 fee for ETFs w/ @kgreifeld @scarletfu
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