23 Aug 2023
Think you're bad at timing the market? CEOs Business Confidence historically hits the lowest level at market bottoms...
Sounds like an effective contrarian indicator... Source: Brian Feroldi
23 Aug 2023
The virtues of direct democracy
Swiss Example
23 Aug 2023
Investors learn the most by studying other investors' mistakes
Source: Brian Feroldi
23 Aug 2023
Higher real bond yields create a challenge for global equities valuations
Source: Bloomberg
23 Aug 2023
"The real money in investment will be made not out of buying and selling but of owning and holding securities" - Charlie Munger
Source: Investment Books (Dhaval)
23 Aug 2023
Eli Lilly stock hit a new record high yesterday as the company continues to record a surge in sales for its buzzy diabetes drug Mounjaro
Sales of Mounjaro, which has also gained popularity for weight loss, came in at $979.7 million for the second quarter, up from $16 million a year earlier when it was introduced (2Q results were publichsed 2 weeks ago). That helped the drug company post higher-than-expected sales for the second quarter. Novo Nordisk is also surfing on the strong demand for a similar weight loss blockbuster
23 Aug 2023
This is an old one but still actual
Cartoon humor
23 Aug 2023
Over 60% of outstanding US mortgages have an interest rate below 4%. Current average 30y mortgage rate is north of 7.5%...
This is the 1 factor driving the limited housing supply as many of these homeowners can't afford to move... Source: Charlie Bilello, National Mortgage Database
