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The rich are getting richer faster than ever before
The top 40% of US income earners hold 83% of the total net worth, near an all-time record. The top 20% account for 71% of the total net worth, up 10 percentage points over the last 2 decades. On the other hand, the bottom 40% of income households hold only 8% of the wealth. Moreover, the bottom 20% of earners reflect just 3% of total US wealth. Over the last few years, the rich have gotten a lot richer. Most consumers are struggling. Source: The Kobeissi Letter, BofA
"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time." — Charlie Munger
Source: Investment Wisdom
Here are the companies with the most Generative AI patents
Source: Voronai, Savvy Trader
China’s rise in coffee consumption
Bullish cocoa ? Source: Eugene Ng, The Economist
The 10/20/30 Rule by Guy Kawasaki.
You can use it to ace your next presentation... Source: Eric Partaker
"What I needed to get ahead was to compete against idiots. Luckily, there's a large supply." — Charlie Munger
Source: Invest in Assets
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