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Finding Compounders
Warren Buffett’s letter to National Indemnity regarding GEICO.
He goes into GEICO’s competitive advantage and the issues GEICO was facing. https://t.co/bQV0lMllmm
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Warren Buffett’s letter to National Indemnity regarding GEICO.
He goes into GEICO’s competitive advantage and the issues GEICO was facing. https://t.co/bQV0lMllmm
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Offshore
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Finding Compounders
In 2007 , David Einhorn announced Lehman as a short at the Value Investors Conference
Here is his communication with Erin Callan , the then CFO at Lehman. https://t.co/El5mNNVZ0O
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In 2007 , David Einhorn announced Lehman as a short at the Value Investors Conference
Here is his communication with Erin Callan , the then CFO at Lehman. https://t.co/El5mNNVZ0O
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AkhenOsiris
WSJ:
Many in the business community have abandoned efforts to get the president to reverse course on trade, instead pleading with the White House for clarity on his approach, the people said.
Trump’s aggressive approach to tariffs has unnerved some Trump administration economic officials, including staff on the National Economic Council, who are concerned that tariffs and uncertainty over trade policy are tanking the stock market and fueling price increases on everything from energy to construction materials, people familiar with the matter said.
The president’s economic advisers have warned him that tariffs could hurt the market and economic growth, but he has largely been undeterred, the people said.
Lutnick has at times not fully looped in some of the president’s other economic advisers, according to people familiar with the matter, including Hassett, U.S. Trade Representative Jamieson Greer and officials at the Council of Economic Advisers.
In one instance last week, Lutnick went on Fox News and announced that Canada and Mexico could soon strike a deal with the U.S. to avoid some of the 25% tariffs Trump had imposed over fentanyl trafficking. That surprised Greer and CEA staff, leaving them rushing to come up with a solution, eventually persuading Trump to grant a one-month pause on tariffs for goods that comply with a U.S.-Mexico-Canada trade agreement, according to people familiar with the matter.
Bessent has made clear to members of Trump’s team that he wants to be a principal voice on economic policy across the administration, according to people familiar with the matter.
This time, he is still interested in the markets, but is less inclined to abandon his tariff plans, though he has delayed the implementation of some duties, an administration official said.
Trump’s first-term National Economic Council director, Gary Cohn, and others at times opposed the president’s tariff proposals. This time, most of Trump’s current advisers aren’t trying to dissuade him from invoking tariffs, officials said. Instead, they are advocating for more targeted tariffs with exemptions for key sectors.
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WSJ:
Many in the business community have abandoned efforts to get the president to reverse course on trade, instead pleading with the White House for clarity on his approach, the people said.
Trump’s aggressive approach to tariffs has unnerved some Trump administration economic officials, including staff on the National Economic Council, who are concerned that tariffs and uncertainty over trade policy are tanking the stock market and fueling price increases on everything from energy to construction materials, people familiar with the matter said.
The president’s economic advisers have warned him that tariffs could hurt the market and economic growth, but he has largely been undeterred, the people said.
Lutnick has at times not fully looped in some of the president’s other economic advisers, according to people familiar with the matter, including Hassett, U.S. Trade Representative Jamieson Greer and officials at the Council of Economic Advisers.
In one instance last week, Lutnick went on Fox News and announced that Canada and Mexico could soon strike a deal with the U.S. to avoid some of the 25% tariffs Trump had imposed over fentanyl trafficking. That surprised Greer and CEA staff, leaving them rushing to come up with a solution, eventually persuading Trump to grant a one-month pause on tariffs for goods that comply with a U.S.-Mexico-Canada trade agreement, according to people familiar with the matter.
Bessent has made clear to members of Trump’s team that he wants to be a principal voice on economic policy across the administration, according to people familiar with the matter.
This time, he is still interested in the markets, but is less inclined to abandon his tariff plans, though he has delayed the implementation of some duties, an administration official said.
Trump’s first-term National Economic Council director, Gary Cohn, and others at times opposed the president’s tariff proposals. This time, most of Trump’s current advisers aren’t trying to dissuade him from invoking tariffs, officials said. Instead, they are advocating for more targeted tariffs with exemptions for key sectors.
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The Kobeissi Letter
BREAKING: S&P 500 futures surge as much as +100 points after February CPI inflation falls to 2.8%, lower than expected.
The S&P 500 is now up +130 points since our "short squeeze" call below. https://t.co/BIJ3911IBr
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BREAKING: S&P 500 futures surge as much as +100 points after February CPI inflation falls to 2.8%, lower than expected.
The S&P 500 is now up +130 points since our "short squeeze" call below. https://t.co/BIJ3911IBr
The case for a SHORT SQUEEZE:
Since February 19th, the S&P 500 has erased -$5 TRILLION in its most one-sided move since the 2022 bear market.
Total PUT option volumes have surged to a record 30+ MILLION contracts over the last 5 days.
Is a short squeeze coming?
(a thread) https://t.co/AutLiKW7Yh tweet
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The Kobeissi Letter
BREAKING: Bitcoin surges above $84,000 as U.S. CPI inflation falls more than expected. https://t.co/aRAvNQiQOu
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BREAKING: Bitcoin surges above $84,000 as U.S. CPI inflation falls more than expected. https://t.co/aRAvNQiQOu
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The Investing for Beginners Podcast
Visualizing company drivers.
As a visual person, this helped me tremendously.
Per McKinsey Valuation book, must read..... https://t.co/zsW2UcMyg4
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Visualizing company drivers.
As a visual person, this helped me tremendously.
Per McKinsey Valuation book, must read..... https://t.co/zsW2UcMyg4
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