Global supply chain under threat after Iran-backed Houthi militants on ships in the Red Sea
We live in a world where geopolitical risks are playing a much higher role than during last decade. Current conflict in the Middle East is threatening global trade and suppy chain. These attacks by have already rocked global trade. And there could be more disruptions and price increases to come for shipments of goods and fuel. Several major shipping lines and oil transporters have suspended their services through the Red Sea as more than a dozen vessels have come under attack since the start of the Israel-Hamas war in early October.
Total return indexes - the long view
Source. Compounding Quality
Naval Ravikant
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Homelessness in the US has grown to the highest level since the Department of Housing and Urban Development (HUD) started tracking the figure back in 2007
With a record 653,104 people experiencing homelessness at the latest annual count. The number of people experiencing unsheltered homelessness — those living on sidewalks or in abandoned buildings, bus stations, etc. — was up around 47k from last year, while the figure for people staying in emergency shelters, transitional housing programs, or safe havens grew 23k in the same period. Source: Chartr
“The reports of my death are greatly exaggerated.” Mark Twain, 1897
Source: Lawrence McDonald, Bloomberg
Warren Buffet 5/25 rule
Source: Compounding Quality
The “HODL” meme started a decade ago today when a user misspelled the word “holding”
On that day, bitcoin $BTC opened at $678 and "closed" at $522 (i.e last price of the day), so quite a volatile session. If the hodler kept his/her coins, the current unrealized gain is 7,783%. In other words, a $10,000 position at that date is worth today a whopping $788,352. Source: Documenting Bitcoin
What a headline...
Hafize Gaye Erkan, the new head of Turkey’s central bank, said rampant inflation has priced her out of Istanbul’s property market, leaving the former finance executive with no choice but to move back in with her parents. “We haven’t found a home in Istanbul. It’s terribly expensive. We’ve moved in with my parents,” 44-year-old Hafize Gaye Erkan, who took up her post in June after two decades in the United States, told reporters. Source: Wall Street Silver
