"Goldman cuts 2026, 2027 oil price forecasts after deal to reopen Strait of Hormuz" - investing.com/news/commoditi… On the downside, a resumption of regional hostilities or strikes on tankers "might keep shippers risk-averse," mine clearance could take significant time, and Iran…

I have many more issues with Ilhan Omar being worth $30 million than Elon being worth a trillion.

Now run the amazing economics on a Raptor in #Midland #OOTT.

Charlie Munger made $500 Million by reading Barron’s Magazine for 50 years. Here’s the story: “I’ve read Barron’s for 50 years and in 50 years, I found only one investment opportunity in Barron’s. Out of which I made $80 Million, with almost no risk.” “It was a Monroe shock absorbers company, trading at $1 and I sold it at $15 but it eventually went to $40. It was a pure cigar butt company.” “The Barron’s said it was cheap stock and so I bought it.” “I gave that $80 Million to Li Lu who turned it to $400-500 Million. So I made that money by reading Barron’s for 50 years and following one idea.” “Now that doesn’t help you very much, does it? I’m sorry but that’s the way it really happened.” 😂 - Charlie Munger. Daily Journal meeting 2017

Difference between fans

UKMTO - piracy attempt off of the coast of Yemen

If this works, I'm treating myself to a volcano lair. It's time.

The U.S. Navy Blue Angels and U.S. Air Force Thunderbirds flight demonstration squadrons combined into a "Super Delta" formation for a joint flyover of the White House as tonight's UFC event kicks off. Video from Northern Virginia Police Cars Facebook

“Ships of the world, start your engines. Let the oil flow!” has to be one of the funniest things ever said by a President. We live in wild times.

The stupidity of these @Stanford students to take the greatest opportunity for equality in humanity ever and to really free humanity and go walk out on @google and @sundarpichai that's pioneered that. Biased, idiotic, short-sighted and very selfish. Selfish because they ignored the bottom 3 billion people on this planet that could benefit from AI and they are worried about their misinformed selfish self-interest. youtube.com/watch?v=wf74VXKT…

They’re only mines…

Impressive @Stanford. Not hiring your grads.

Paki announcement…

Possible peace deal on the table with sand haulers. - Politico

Glad we were in control.

The UFC is hosting fights at the White House tonight. Here's what you need to know: 1. The UFC is spending $60 million to put on this event. That's way more than the $3-4 million the company typically spends to put on an event and three times the $20 million it spent at the Las Vegas Sphere in 2024. 2. The UFC sold $30 million in corporate sponsorship deals — Ram Trucks, Crypto(.)com, Polymarket, Bud Light — with individual packages selling for $1.5 million. 3. Since tickets are being given out for free, the event is expected to lose about $30 million. 4. The UFC's $7.7 billion media rights deal with Paramount allows some fights to be simulcast on CBS, but tonight's entire event will only be available on the Paramount streaming service. 5. There will be 4,000 people on the South Lawn for the event — Trump controls about 1,000 tickets, with Dana White and Ari Emanuel controlling another 500 or so. The remaining seats were given to active duty military members. These military members had to meet body composition standards and pay for their own travel. 6. The UFC installed a giant arch over the octagon known as the Claw. The structure is massive — 60 tons, 154 feet wide, and 92 feet high, with a 100-by-100-foot canopy and 800 lighting fixtures — and since the UFC isn't allowed to dig into the South Lawn, engineers added 40 tons of weight to each leg to hold it down. 7. The Claw was flown from Belgium to Philadelphia, test-assembled in Philly, and then trucked down to DC. Each truck was placed in storage before being searched by the Secret Service, and the UFC needed 38 days to assemble everything (compared to their normal 2 days). 8. The UFC is covering all production costs, but taxpayers are still on the hook for $10-12 million in supplemental security costs. The White House says this money would have been spent anyway and that it comes from a federal fund (approved by Congress) specifically allocated for events surrounding the country's 250th birthday. 9. Since attendance on the South Lawn is invite-only (and limited to 4,000 people), the UFC is holding a watch party at the Eliipise. Roughly 85,000 tickets have been distributed for free, and while the UFC plans to sell food, beverages, and merchandise, Dana White told ESPN that "the government will get a piece of it." 10. Every fighter will be wearing custom red, white, and blue gloves with an American flag stitched on the wrist. BONUS: Trump's latest financial disclosure indicates that he purchased up to $50,000 in TKO stock, the parent company of the UFC. Some say this is a conflict of interest, while others claim it is insignificant, given that his full financial disclosure included over 3,700 stock and bond trades worth more than $220 million. That's it for today. Enjoy the event, and if you want to learn more about the business and money behind sports, join 135,000 others who read my newsletter. Sign up: huddleup.substack.com/

Elon Musk the Value Investor

Congratulations to @_delconte and all our student-athletes, coaches, and athletics staff on yet another Directors’ Cup! Whether in the classroom, the lab, or the playing field, Longhorns always aim for excellence.🤘

Munger is a smart guy....

Muhammad Baqir Zulqader, Secretary of the Iranian Supreme National Security Council, has announced that Iran will respond to Israel's attack on Beirut earlier today.