News: I'm working with Sherwood Media as a consulting editor for the next couple of months. If you're curious about the roles we're filling, DM me or reach out to me: sam at sherwoodmedia dot com!
Incredible. 25 yo pizza delivery man runs into burning house, saves four children who tell him another might be in the house. He goes back in, finds the girl, jumps out a window with her, and carries her to a cop who captures the moment on his bodycam
"Son, I got a new job, mom got a raise, we have more cash in the bank, gas prices are falling, my 401k is up, your 529 is up, and my company is expanding thanks to growing profits. BUT we're not going to Disney World because the yield curve is inverted." - nobody
Berkshire has $145 billion in cash.
Buffett is seeking out βelephant-sizedβ acquisitions.
According to the internet, there are about 400,000 elephants in the world and theyβre worth up to $60,000 each. Thatβs about $24 billion of elephants.
Not sure where Iβm going with this.
First Lady Melania Trump kisses Canada's Prime Minister Justin Trudeau next to the U.S. President Donald Trump during the family photo with invited guests at the G7 summit in Biarritz, France, August 25, 2019. (REUTERS/Carlos Barria)
βCorporate profits double about every nine years. The stock market ought to double about every nine yearsβ¦ Profits are going up 8% a year, and stocks will follow. Thatβs all there is to it.β
"...there has been no supply response from US producers - their capex as % of operating cash flow has plummeted to just 30% (vs. 80-100% in 2011-16), a record low. Expectations for demand destruction have weighed on oil recently..." - BofA
Boomers, Gen Xers and elder millennials are now the last people who remember what it was like to use a pay phone, a paper map, a typewriter, etc. β and they're being rapidly outnumbered by younger adults who don't.
"We Estimate $250-500 mn in Medical Costs Attributable to Pickleball in 2023" - UBS
Healthcare companies look at these pickleball charts and see dollar signs
Goldman on bear market rallies:
"Between September and December 2008, the S&P 500 experienced six distinct 1-6 trading day bounces of 9% or more, with some rallies as large as 19%. However, the actual market bottom did not occur until March 2009."
If even half of the accusations are legitimate, Wilbur Ross, the current United States secretary of commerce, could rank among the biggest grifters in American history:
Kitkat and Reeseβs Peanut Butter Cup customers wonβt tolerate price hikes. For every 1% increase in pricing, volume drops 2.1% and 3.9%, respectively. - UBS
smart to drop "HBO," a name not associated with well-written, award-winning shows and movies that everyone talks about on social, and go with "Max," a name that makes you think of prestigious brands like Cinemax and Pepsi Max