Jamie at Barclays conference on Monday - some key takeaways:
- JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a “huge mistake” to believe that it will last for years. - Topping his concerns include central banks reining in liquidity programs via “quantitative tightening,” the Ukraine war, and governments around the world “spending like drunken sailors,” the CEO said. - “To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake,” Dimon said. - JPM's Dimon doesn’t find fixed income attractive despite the rise in rates: “I would not be a buyer of Treasuries at 4.2%, nor would I be a buyer of credit spreads at these spread levels,” Dimon said at the Barclays conf. He wouldn’t be surprised to see 10yr Treasury yields at 5.5% or oil at $120-150. Source: CNBC, HolgerZ
Priceless Life Advice from Charlie Munger
Source: Investment Books (Dhaval)
Nalanda Capital's approach to investing
Source: What I learned about investing from Darwin by Pulak Prasad Illustration: Vishal Khandelval
Investing Mindset
Source: Mind Matters Money
Worldwide App Downloads
Despite Chatgpt's meteoric rise this year and with over 10M app downloads in August, it still lagged behind traditional giants like TikTok, Instagram, and Facebook, each of which had over 50M downloads in the same month. Source: Beth Kindig, Business of Apps
Over the years, 'soft consumption' such as entertainment has gained lots of traction, thanks to on-demand streaming services
Source: Genuine Impact
Financial Shenanigans 101
“More money, it has been noted, has been stolen with the point of a pen than at the point of a gun.” - Warren Buffett Source: Vishal Khandelwal
“Life is like riding a bicycle. To keep your balance you must keep moving.” — Albert Einstein
Source: Philosophy Quotes
