"What I needed to get ahead was to compete against idiots. Luckily, there's a large supply." — Charlie Munger
Source: Invest in Assets
Italy has doubled the flat tax on foreign income for wealthy new residents who have been flocking here to take advantage of it.
The €100,000 a year payment — which exempts people moving to the country from taxes on overseas earnings, gifts, and inheritance for 15yrs — will rise to €200,000. The previous €100,000 tax incentive was popular w/wealthy individuals but controversial among Italians, particularly in Milan, the business capital. The recent influx of the super-rich has been blamed for significantly increasing real estate prices and living costs. The increaed flat tax for the billionaires is still set at a level that would remain interesting to wealthy foreigners, FinMin Giorgetti said. Source: Bloomberg, HolgerZ
Interesting to see insiders with the most bearish flows in a decade.
Maybe just profit taking, or maybe they realize that current pricing is extreme relative to conditions. Source: Bob Elliott
Consistency
Source: Leadership First
30 years ago, careers were a straight line: Get an education ➡️ Secure a job ➡️ Climb the ladder ➡️ Retire
Today? It’s a loop: Learning ➡️ Working ➡️ Learning ➡️ Working ➡️ Repeat To thrive in this cycle, you should embrace lifelong learning and stay flexible. Source: Corporate Rebels
Data centers altogether use more electricity than most countries.
Bloomberg via The Daily Shot thru Tilo Marotz
Peter Lynch on Investment Wisdom
Source: Invest in Assets
The signal for Market Bottom?
A Follow Through Day (FTD) is a concept developed by William J. O’Neil to identify an important change in general market direction, from a definite downtrend to a new uptrend. Follow Through Days occurs during a market correction when a major index closes significantly higher than the previous day, and on greater volume. It happens Day 4 or later of an attempted rally. Leading up to a FTD, an attempted rally takes place during a downtrend when a major index closes with a gain. The rally attempt continues intact as long as the index doesn’t make a new low. Follow Through Day Characteristics: Characteristics of a follow-through day include an index closing at least 1.7 – 2% higher on increased volume, positive behavior of leading stocks, and improved market action regarding support vs. resistance levels. The most powerful follow-through days often happen Day 4 through Day 7 of an attempted rally. Day 1 of an attempted rally is the first up day after a new low. Source: True market Leader @TmarketL, TraderLion
