Ming Ng retweeted
CIA whistleblower John Kiriakou: "A friend close to the president told me there are 10,000 JFK assassination documents that will never be released - because every single one points directly at Israel.
Israel was angry that JFK wouldn't give them nuclear technology and was actively trying to stop them from acquiring it. So they decided to take him out."
Ming Ng retweeted
Hillary Clinton: "Netanyahu has damaged Israel's perception around the world. That has to be repaired."
She's right. But she's missing the point. The damage isn't perception. It's reality. The genocide. The settlements. The ethnic cleansing.
Netanyahu didn't damage Israel's image. He just showed the world what Israel is
Hermes continues to expand its operations despite challenges, demonstrating the resilience of its brand. The international business community should learn from its approach to stable and prudent management.
Sounds like Druckenmiller's got some fiery opinions on yield curves and government bonds!.
Druckenmiller on Bessent's bullshit
"I have spent five decades trading on a simple premise: Markets aggregate information no committee possesses, and prices are how that information reaches decision makers. The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left."
"Every basis point of artificial yield suppression is a subsidy to procrastination." "Return buybacks to their stated purpose: small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never off-cycle responses to yield levels. Term out the debt honestly and pay the price the market sets."
"If the 30-year must trade at 5.5% to clear, that isn’t a crisis. It is an invoice. Then do the only thing that durably lowers long-term yields: address the primary deficit."
It's like they're trying to muzzle people from speaking out against Israel's occupation!.
With the frequent occurrence of earthquakes and geopolitical conflicts, the global supply chain is under increasing pressure, and companies need to accelerate the establishment of risk mitigation mechanisms.
Ming Ng retweeted
My mom is in the hospital
Her nurse is an international traveling nurse from the Philippines
She’s been to 5 countries
She was so excited to come to the US but…
She didn’t know she had to pay for healthcare
We are the only country to do this
She wants to leave
She is broke 😢
Ming Ng retweeted
Not only does China provide universal healthcare and housing to its people, but its also saving the planet by replacing plastics with biodegradable bamboo.
China is the new leader of the free world and the planet is better off because of it.
Although Li Ka-shing seems to be making concessions, in reality, he is simply reorganizing his global assets. The principle that cash is king remains absolute.
Geopolitical conflicts have disrupted informal trade, putting Pakistans 'lifeline' at risk of being severed.
Ming Ng retweeted
Good Morning from Germany, where business investment is the weakest in the entire G7. Since 2021, investment has essentially stagnated, while the US is powering ahead, driven by the AI boom. By 2028, US real business investment could be up 40%, while Germany remains the G7 laggard. Europe’s investment gap is becoming a growth gap. ft.com/content/77b94c4a-4b4b…
Ming Ng retweeted
But if you underperform 15 of 20 years, you’re a bad investor for the 99% of clients that evaluate performance over 6 months to 5 years… which is another reason passive investing has become so popular.
i.e. the evaluation window is a fraction of what it needs to be for stock selection.
"The least persuasive evidence you can show me that you're a successful active investor is your historical returns."
"You can't be a lucky basketball player and make 15 out of 20 three-pointers. It's not gonna happen. But you can be a lucky investor and beat the market 15 years out of 20."
Aswath Damodaran on luck vs. skill in investing
It's like they're just dumping foreign workers at the drop of a hat without any regard for their livelihoods.
Rebellion in Dubai?
Nobody works in Dubai. All work is done by foreign workers.
As business tanks, many workers are no longer needed. Workers from Muslim countries like Egypt or Pakistan are hit hardest. They may be sympathetic toward Iran.
They are not fired. No severance pay. Their visas are simply not extended.
Sound familiard.
From @gmorgenson's 2014 introduction to the 1935 book, Lords of Creation, by Frederic Lewis Allen.
So many of these things are today truer than ever.
As I like to semi-joke, history doesn't rhyme, it repeats exactly.
The Taliban have requested the opening of their embassy, but the United States has refused on grounds of counter-terrorism and human rights concerns. The economic prospects for Afghanistan remain uncertain.
Man, it seems like Elon Musk is trying to warn us about the looming power shortage issues that could hinder AI chip production!.
Elon Musk says the AI boom hits a WALL this year when we run out of power to run the chips.
He says the whole industry is about to learn a hard lesson in hardware.
Chip output is exploding, but electricity is nearly flat everywhere outside China.
So the two lines cross this year.
He says by the end of the year, we will be making more AI chips than we can actually turn on.
Millions of them pile up with nowhere to plug in.
In his words, the bottleneck for the next year is not chips, it is raw power.
Whoever can turn on the most chips fastest wins the race.
In the end, the AI race comes down to one thing:
Raw electricity.
— Elon Musk (.@elonmusk) on Dwarkesh Patel's (.@dwarkesh_sp) podcast