SPDR ETFs and their YTD Performance
🥇 Financials $XLF +44.28% 🥈 Communication Services $XLC +37.19% 🥉 Gold Trust $GLD +34.37% Source: Trend Spider
The giants of the U.S. economy are absolute cash machines.
Here’s their TTM (trailing-twelve-months) net income (and Y/Y growth): $AAPL: $94B (-3%) $NVDA: $63B (+234%) $MSFT: $91B (+17%) $AMZN: $50B (+148%) $GOOG: $94B (+41%) $META: $56B (+87%) $TSLA: $13B (+18%) $BRK.A: $107B (+39%)* $TSM: $33B (+16%) $AVGO: $5B (-63%) *Note: Berkshire's net income includes unrealized gains from its massive investment portfolio. These 10 alone earned $606B this year. Will they continue to grow their profit at similar rates moving forward?
Should pension funds invest in Crypto?
The Times @CoinCornerDanny makes the case for YES!! The "Times" are changing... Source: Bitcoin Magazine
How will this end?
Source: Jim Bianco
It has been a very quiet year... Can we expect the same in 2025??? (Clone)
Financial conditions are now even easier than previous records seen in late 2020 and 2021. In fact, this makes financial conditions easier than when the Fed cut rates to near 0% overnight in 2020. Meanwhile, the market is pricing in a 59% chance of another 25 bps Fed rate cut in December. Source: The Kobeissi Letter, Bloomberg
Jeff Bezos built Amazon with one simple rule: “If two pizzas can’t feed the team, it’s too big.”
The Two-Pizza Rule is rooted in Bezos’ belief that small, autonomous teams are more productive than large, bureaucratic ones. - Decision-making is faster. - Communication is clearer. - Accountability is higher. By limiting the size of teams, Bezos ensured that every member contributed meaningfully and avoided the pitfalls of “groupthink” and overcomplexity. Teams are given the freedom to innovate and make decisions without relying on higher-ups for approval. Each team has full responsibility for their product or project, from development to execution. This approach encourages entrepreneurial thinking within the company, treating each team as a mini-startup. The Two-Pizza Rule has directly contributed to Amazon’s success by fostering an innovation-first culture. - Alexa: Developed by a dedicated small team that was given the freedom to experiment. - Amazon Prime: Launched by a focused team tasked with creating a subscription model that would lock in customer loyalty. - AWS (Amazon Web Services): What started as a small internal project turned into Amazon’s most profitable division. The Two-Pizza Rule isn’t just about productivity—it also improves employee satisfaction and engagement. - Smaller groups mean deeper connections and more effective teamwork. - Team members feel more responsible for their outcomes, leading to higher motivation. - Less time is wasted on unnecessary meetings and approvals, leaving more time for innovation. Bezos’ Two-Pizza Rule offers a simple but powerful lesson: less is more. Keep teams small and focused, and give them autonomy to innovate. This approach can help any business, regardless of size, to move faster, think creatively, and achieve more with less. Source: Business Nerd
It has been a very quiet year... Can we expect the same in 2025???
Source: Asym 50, RBC
💥 BREAKING: Bernstein says MicroStrategy's treasury model is "unprecedented" and will attract BILLIONS in capital looking for Bitcoin exposure. They are raising $MSTR price target to $600
Meanwhile, MicroStrategy announced this morning they just bought another 55,000 Bitcoin for $5.4billion! The company now holds 386,700 Bitcoin which were acquired for $21.9 billion at an average of $56,761 per bitcoin. Source: Radar, Bitcoin Archive
