⁠Finding Compounders
Louis Simpson was able to average a 20% annual gain over the 24yrs he was in charge of GEICO’s $4 billion portfolio.

In this Washington Post interview he laid down his investment philosophy https://t.co/y8HZ0c3ZEM
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⁠The Kobeissi Letter
BREAKING: US Trade Representative Greer says Trump will NOT accept a situation where “Wall Street is allowed to run the economy.”

Once again, President Trump is not worried about the stock market.

BREAKING: The S&P 500 is now down over -100 points in 1 hour, more than half of today’s gain has been erased.

Trade deal hopes are fading again. https://t.co/Bj3e9WiOsW - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: The S&P 500 is now down -120 points over the last 2 hours, erasing the majority of its daily gain.

If markets turn red by end of day, investor sentiment will be crushed. https://t.co/mGu4okxSAR
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⁠The Kobeissi Letter
BREAKING: The White House says 104% additional tariffs on China went into EFFECT at 12:00 PM ET today because China has not removed their 34% tariff on the US, per Fox News.
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⁠The Kobeissi Letter
BREAKING: The S&P 500 falls to a new low of the day, now down -140 points from its high, as Fox reports that 104% additional tariffs on China went into effect at 12 PM ET day. https://t.co/0sd2kZFSHO
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⁠Quiver Quantitative
Politicians are allegedly profiting from leases to the federal government: https://t.co/Z2wO7PHxbK
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⁠The Kobeissi Letter
Insanity.

S&P 500 now 45 points away from turning RED after being up +4.5% two hours ago.

Buckle up. https://t.co/eCpNaGjOJT
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⁠Finding Compounders
Seth Klarman explains how he defines a value company and his average holding period. https://t.co/zfG4Hc83RJ
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⁠The Kobeissi Letter
The fact that the S&P 500 is still green, although down -170 points from its high of day, after the US imposed 104% tariffs on China is incredible, to say the least.

The US imports $439 billion from China PER YEAR.

There's still a lot of "hope" for a deal baked-in to stocks. https://t.co/voVNVLSjYE
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⁠The Kobeissi Letter
BREAKING: US official confirms that the US is moving forward with 104% tariffs on China and collection will begin at 12:01 AM ET.

Stock market hits a new low of the day.
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⁠The Kobeissi Letter
BREAKING: The S&P 500 falls nearly -200 points from its high of the day, now just 20 points away from turning red. https://t.co/I2F4BhTszD
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⁠The Kobeissi Letter
BREAKING: THE S&P 500 OFFICIALLY ERASES +4.5% GAIN AND TURNS RED ON THE DAY.

$2.3 TRILLION erased over the last 3 hours. https://t.co/t3pJ0tdkbS
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