I believe you have to be willing to be misunderstood if you're going to innovate
Source: LeadershipRight
Elon Musk, the CEO of X (formerly Twitter), has confirmed the imminent launch of Xmail, sparking speculation about its potential to rival Google's Gmail service.
Musk's announcement came swiftly after rumors of Gmail's impending shutdown spread like wildfire on the internet. Source: India Today, Times Now
The World’s Top Cobalt Producing Countries by Elements / Visual Capitalist
Cobalt, an essential component of key chemistries of the rechargeable lithium-ion batteries used in EVs, has seen a significant shift in its global production landscape. The Democratic Republic of Congo (DRC) has long been the world’s largest cobalt producer, accounting for 73% of global output in 2022. However, according to the Cobalt Institute, the DRC’s dominance is projected to decrease to 57% by 2030 as Indonesia ramps up its cobalt production as a byproduct from its rapidly expanding nickel industry. The EV industry is the largest consumer of cobalt, accounting for approximately 40% of total demand. The exponential growth of the EV sector is expected to drive a doubling of global cobalt demand by 2030.
World oil demand is breaking out to new all-time highs.
Source: Topdown charts
Net worth of Warren Buffet by Age
By Compounding Quality
ChatGPT’s monthly visits dipped nearly 8% MoM in December to just over 1.5 billion visits worldwide, while visits to Google’s Bard continue to increase.
Source: Beth Kinding
$BRK Berkshire Hathaway FY23 by App Economy Insight
• Net profit $97B. • Stock repurchase $9B. • Segment margin 12% (+0.5pp Y/Y). • Investment gains (unrealized) of $75B. • Cash and short-term securities $168B.
JUST IN: Berkshire Hathaway posts +28% surge in operating earnings and RECORD CASH OF $167.6 billion as Warren Buffett warns there are ‘ESSENTIALLY NO CANDIDATES FOR CAPITAL DEPLOYMENT’ outside US...
Berkshire Hathaway Q4 2023 highlights: • Berkshire Hathaway posted operating earnings — which refers to profits from businesses across insurance, railroads and utilities — of $8.481 billion in the fourth quarter, up 28% yoy • Net earnings of $37.6 billion • $2.2 billion of stock buybacks The cash pile grows to $163.3 billion in the fourth quarter, a record level that surpasses the $157.2 billion the conglomerate held in the prior quarter. 👀 Importantly, Warren Buffett has warned Berkshire Hathaway shareholders that his sprawling $905bn conglomerate has virtually “no possibility of eye-popping performance” in the years ahead, laying bare the challenges that will confront his successors. The so-called Oracle of Omaha said in his annual letter on Saturday there were very few deals that offer the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad. “There remain only a handful of companies in this country capable of truly moving the needle at Berkshire, and they have been endlessly picked over by us and by others,” he said. “Outside the US, there are essentially no candidates that are meaningful options for capital deployment at Berkshire.” Berkshire Class A shares have rallied roughly 16% this year. Source: CNBC, Kevin Carpenter, FT
