I think now is a good time to remind people that 28% of American adults are functionally illiterate (cannot read above a 5th grade reading level), up from 19% in 2017

Warren Buffett explained why most people reach 60 and realize they spent their life on something they would never have chosen for free. It is not that they picked wrong. It is that they let the salary pick for them. At 25 he had 175 thousand dollars, he told David Rubenstein, and thought that was all he would ever need. I’ll work for nothing, he said to Ben Graham. He meant it. He had already won the money game and was auditioning for the only teacher he admired. Here is why most people never make that offer. When money is the first filter on a job, every opening that passes the filter looks the same from the inside, and love of the work becomes a bonus you promise to negotiate for later and never find. But the salary was never the ceiling. The job was. The right one pays itself in attention and energy for 50 years. The wrong one quietly bills you for both. So the question is not what work pays the most this year. The question is what you would do if you did not need the money, because that answer is the only one that still pays you 40 years from now. Be honest. What would you do tomorrow if your paycheck disappeared and your bills were covered for 10 years? The lecture is free. The people still letting the salary choose their life have never pressed play.

Let he who is without a blown read on a fungus type situation among us cast the first stone. Even my man TW has had this happen. His framing it as an “unmonetized lesson” is further fodder for why he has one of the largest Roth’s in 🇺🇸. Great read. archive.is/20250506185851/ht…

FICO is going down to $700. That’s insane. I wonder what Dev Kantesaria is thinking about this. It’s down over 60% from its high. This holding was like 35% of his portfolio at one point. Steve Eisman won again shorting FICO.

Charlie Munger: "I hardly know anybody who's done very well in life — in terms of cognition — who doesn't have somebody trusted to talk to." "You organize your own thoughts as you try to convince other people." (CNBC || 2014)

Restaurant Comp Sheet - $MCD isn't exactly cheap, esp. if they've squeezed everything out of market saturation, operational efficiency, and pricing such that they are trying to sell ads. They also gave a minor comps warning in the US ('slightly negative in August vs. +0.1%)