⁠The All-In Podcast
Howard Lutnick says he's already sold 1000 "Trump Cards" for $5M each 🔥💰

In an incredible interview with @chamath and @friedberg, @howardlutnick gave an update on the program:

-- $5M gets you a "Gold Card" or permanent residency in the US

-- Card holders can become citizens, but don't have to

-- Buyers are vetted, and card can be revoked for illegal behavior

-- ~37M people globally who are capable of purchasing

-- President Trump believes we can sell 1M, raising $5T for the US

-- The card program will launch in a few weeks, @elonmusk is building the software

This year, we're working with @polymarket to create markets out of bestie predictions.

Last month, @friedberg created: "How many Gold Cards will Trump sell in 2025?" after the besties discussed the plan on E217.
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⁠Hidden Value Gems
Just noticed this large insider activity in $BUR.L last week. No formal progress on Argentina though... https://t.co/K8q6AAVAdR
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⁠Finding Compounders
“Once the holding period extends into the 10 year and 20 year range, returns are mostly entirely explained by fundamentals. In the long term fundamental matter”

Source: Seilern Asset Management https://t.co/wUzducZO7f
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⁠Finding Compounders
The primary role of management is Capital allocation.

But as Buffett notes , most heads of companies are not skilled in Capital allocation.

This extract explains why .

Source : Capital Returns (https://t.co/go4H211EyZ) https://t.co/3hb0XTxnsp
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⁠Finding Compounders
Warren Buffett on the most important quality for an investment manager https://t.co/o11lWAJKoR
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⁠Finding Compounders
Bill Nygren, a portfolio manager at Oakmark Funds, has returned 12.19 annuliazed since inception compared to the S&P’s 9.78% https://t.co/mtUyn3ChPw
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⁠Finding Compounders
Pat Dorsey explains the importance of assessing a companies reinvestment opportunities https://t.co/rVzc4pccBN
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