Why is this hard...?

Best X post I've seen a long time. It's wonderful when people do wonderfully kind things, just because they can.

Lots of good stuff here. But not the most important thing: learn EVERYTHING about your company's primary value proposition. From how it started a hundred years ago to where it's going to be in a decade... and figure out how to make that 10x better.

Get woke, go broke. When they opened their bathrooms to the homeless, they became a charity, not a business.

Shocker. Least surprising outcome of all time. Highly qualified executives have: rigorous academic backgrounds; exemplary resumes; disciplined personal lives; and a life philosophy based on empirical evidence/experience. They aren’t racists.

This is 100% correct.

Coming soon to America. In 20 more years, no one will believe that the U.S. Treasury bond used to be the foundation of the world's financial system.

Important fact. The gig is up. The “End of America” fiscal scenario is in effect.

This. You’re getting poorer. You just don’t know it yet.

Babahahha

Government-led economies fueled by out of control fiscal deficits don’t produce wealth: they produce inflation. And if / when the 10-year yield moves above 5%, equity multiple will contract.

Disturbing. And also the logical outcome of the ongoing DEI madness.

Last year, government employment rose by 3%, while private sector jobs rose 1.8%. Factoring in all the government spending and redistribution, roughly 50% of 2023 real GDP was from government deficit spending.
This spending does not create long-term economic well-being, and…

The spread and impact of mass delusions is a poorly understood danger of social media — seems to only amplify bad ideas that provoke emotion, leading to a spiraling collapse of reason.

In 1955, the United States had enough gold (about $22bn at the $35/oz price) to cover its liabilities to other central banks and governments which totaled $13.5bn. So American gold reserves exceeded official dollars abroad by over 160%.

By the summer of 1971, right before Nixon…

The most important hidden cost of too much government, too much debt, and too much inflation:
wsj.com/us-news/americ… via The Wall Street Journal

Paging George Gilder (George Gilder) what happens when true believers run headlong into the reality that valuation matters? wsj.com/finance/stocks… via The Wall Street Journal

Want a simple way to beat the S&P 500 by 0.2% - 0.3% per year in about 57% of all years?

Just exclude the top stock.

Or, better yet, exclude the top 10!

#magnificent7

via Ned Davis Research

Among the many visible signs (see below) of our society's ongoing collapse. Also: 1. Total debt in our economy $100T. 2. Violent crimes in major cities. 3. Quality of intrastructure in D.C. -- national shame. 4. Complete failure of constitutional protections during COVID. 5.…

Thanks John Robillard !