2024 outlook in one picture
Source: Hedgeye
Income & wealth inequality is not just a capitalist country story. Watch Russia and China...
Source: Ruben Mathisen
The average price of a used Tesla has declined 16 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $39,550 today (-42%). $TSLA
Source: Charlie Bilello
Courage
Source: Ted Bernstein
As highlighted by Linas Beliūnas, Magazine cover pages can be good contrarian indicators...
Last week, Sam Bankman-Fried found guilty on all 7 charges, faces up to 115 years in prison while WeWork filed for bankruptcy marking one of the biggest start-up failures of all time.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has announced plans for a challenge focused on generative artificial intelligence
The winners is set to receive a total of Dh1 million ($272,290) amid the emirate's shift towards the future economy. The Global Prompt Engineering Championship will be held in May next year at Dubai’s Museum of the Future. In the context of AI, a prompt refers to a specific request made to a language model such as ChatGPT, which can in turn provide a response or solution for a user. Source: The National News
This is how Waren Buffet manages risk
Instead of over-diversifying, he takes big bets on companies / stocks on which he has super-strong conviction and knowledge. Almost half of Warren Buffett’s portfolio is made up of Apple at 48%, and valued at $163.7B. The top 5 holdings account for over 75% of the total portfolio... Source: Genuine Impact
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
