From The Kobeissi Letter -> Bankruptcy documents show that WeWork, $WE, will immediately break 40 office leases in New York City
Documents also show that WeWork plans to break leases on 70 properties in New York City. Note that 40 of these locations are completely empty. Once a $47 billion company, WeWork still has 700 locations world wide. Could this bankruptcy worsen the commercial real estate crisis?
Chart of global fish catch per country -> China will account for 37% of the global catch by 2030
Chinese boats have expanded their capacity to harvest staggering amounts of catch in a single voyage. China subsidizes the fuel cost for fishing boats. That's what makes it economical for them to roam the oceans. The Chinese Pacific fishing fleet has grown more than 500 per cent to 564,000 vessels. Source: Indo-Pacific News - Geo-Politics & Defense News
8 straight day higher for Nasdaq and 7 straight for S&P - the longest winning streaks since Nov 2021...
Source: Bloomberg, www.zerohedge.com
Retail Investors own 9.4% of the NSE-listed companies
Source: investywise
Apple has bought back $604 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500. $AAPL
Source: Charlie Bilello
Charlie Munger's 10 Point checklist for investing
Investment Books (Dhaval)
Will Lagarde / ECB cut rates sooner than anticipated ?
Source: AndreasSteno
The 2pct mindset
Source: Seek Wiser
