Charlie Munger helped Warren Buffett turn Berkshire Hathaway into one of the most successful companies in the world.
Here's one of his famous quotes... Source: Evan
Meanwhile in China...
What if China starts doing to US "tech champions" what China did to US Rust Belt "industrial champions", US unions, & the US working class 2001-10? Source: Bloomberg / Luke Gromen
US vs. Europe: equity returns were very much similar before 2009...
Source: FT
7 best productivity techniques shared by famous people
Victoria Repa thru @investment books (Dhaval)
The five $1+ trillion market cap companies that have reported Q1 earnings so far posted sales of more than $412 billion combined during the quarter.
All five beat both EPS and sales estimates. $AAPL $AMZN $GOOGL $META $MSFT Source: Bespoke
US vs. Europe in one chart
Source: Michel A.Arouet
Demographics of two Asian heavyweights. Which country would you like to invest?
Source: Michel A.Arouet
JPMorgan Unveils IndexGPT in Next Wall Street Bid to Tap AI Boom.
The bank is creating thematic investment baskets using GPT-4 model. Trademark for name was filed last year, stirring speculation A year after a wave of speculation broke out over its application to trademark the word “IndexGPT” in connection to an unspecified artificial intelligence-powered tool, JPMorgan Chase & Co. is finally unveiling the product that will bear the name. IndexGPT is a new range of thematic investment baskets created with the help of OpenAI’s GPT-4 model. The tool generates a list of keywords associated with a theme, which are then fed into a separate natural language processing model that scans news articles to identify companies involved in the space. In essence, it’s a largely automated way to create so-called thematic indexes, which identify investments based on emerging trends — think cloud computing, e-sports or cybersecurity — rather than on traditional industry sectors or company fundamentals. Source: Yahoo Finance, Bloomberg
