Joined February 2009
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3,844 Photos and videos
I wrote a new book...
๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐ถ๐ป ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: ๐ง๐ต๐ฒ ๐ฅ๐ถ๐๐ฒ ๐ผ๐ณ ๐ฎ ๐ฎ๐ฑ๐ฌ-๐ฌ๐ฒ๐ฎ๐ฟ ๐๐๐น๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Coming July 4, 2026 ๐บ๐ธ
Pre-order: amzn.to/4dOo2sB
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๐๐ถ๐บ ๐๐ฟ๐ฎ๐ป๐ ๐ผ๐ป ๐๐ต๐ฒ ๐๐ ๐ฏ๐ผ๐ผ๐บ:
"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=ljCmโฆ
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"Congrats to the thousands of hard working SpaceX employees in El Segundo..."
Fixed it for you....
Jun 12
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....
10 May 2020
F*ck Elon Musk.
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Meb Faber retweeted
Jun 11
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....
Jun 12
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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๐๐ถ๐บ ๐๐ฟ๐ฎ๐ป๐ ๐ต๐ฎ๐ ๐ฐ๐ต๐ฟ๐ผ๐ป๐ถ๐ฐ๐น๐ฒ๐ฑ ๐ฒ๐๐ฒ๐ฟ๐ ๐ช๐ฎ๐น๐น ๐ฆ๐๐ฟ๐ฒ๐ฒ๐ ๐บ๐ฎ๐ป๐ถ๐ฎ ๐๐ถ๐ป๐ฐ๐ฒ ๐ญ๐ต๐ด๐ฏ, ๐ฎ๐ป๐ฑ ๐ต๐ฒ ๐๐ต๐ถ๐ป๐ธ๐ ๐๐ผ๐ฑ๐ฎ๐ ๐ฟ๐ถ๐๐ฎ๐น๐ ๐๐ต๐ฒ ๐๐ถ๐น๐ฑ๐ฒ๐๐ ๐ผ๐ณ ๐๐ต๐ฒ๐บ.
My conversation with Jim covers:
โข Why AI is "one of the greatest bubbles of all time"
โข Expectations for the SpaceX, OpenAI & Anthropic IPOs
โข One-third of the ~$6 trillion in life insurance assets now sits in private credit
โข His grade for Jay Powell, and expectations for Kevin Warsh
โข 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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USA Investing Quote of the Day: โOver 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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Congrats to @RA_Insights crew!
newsfilecorp.com/release/301โฆ
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I know this is an unpopular take, but everything is getting better.
Jun 9
โNearly 900 lives have been saved at Tampa General Hospital in Florida in the four years since it introduced the โgame-changingโ Sepsis Hub system, developed in partnership with Palantir.โ
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๐ ๐๐ฟ๐ฒ ๐๐ผ๐ ๐ณ๐ฒ๐ฒ๐น๐ถ๐ป๐ด ๐น๐๐ฐ๐ธ๐? ๐
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-โฆ
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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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This is a really great (and fun!) read!
via @drjoemoore
amzn.to/4fGGdmL
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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.
Jun 11
"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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