Warren Buffett's final letter emphasizes humility, stewardship, and compassion. Transitioning leadership to Greg Abel, he focuses on values and philanthropy, highlighting luck, ethics and the importance of helping others.
Charlie Munger emphasized initiative, discipline, and continuous learning for success, acknowledging the role of luck. His principles focus on outspending income and investing wisely.
Survey reveals holiday spending stress: social media influence, debt accumulation, and gift-giving pressure, particularly among Gen Z and millennials. Many feel obliged to overspend, leading to financial strain and hidden expenses.
Mixed labor market data complicates the Fed's rate decision. Hawks see strong payrolls, while doves point to rising unemployment. Powell may adopt a dovish tone despite inflation concerns.
Attention Assets, as proposed by Multicoin Resources, are new investable instruments tied to the intensity of public focus. NFTs & memecoins offer related exposure, highlighting challenges and opportunities in this emerging market.
Alzamend's AL001 aims for better lithium delivery to the brain, potentially revolutionizing Alzheimer's, bipolar disorder, MDD, and PTSD treatment with fewer side effects. Phase 1/2A trials are underway.
Paris Jackson contests the management of Michael Jackson's estate, alleging lavish spending on attorneys. The estate, managed by McClain and Branca, refutes the claims, citing financial success since Jackson's 2009 death.
Nancy Pelosi's investment in Databricks, made through Forge Investments, sees significant gains as Databricks' valuation jumps to $130B. Nvidia and Ark Invest also benefit from early investments.
Texas court rejects AG Paxton's demand to halt Kenvue's dividend payment amid Tylenol safety lawsuits. The court cited lack of jurisdiction over the matter, allowing Kenvue to proceed with the payment. Kenvue Tylenol pregnant women
US government shutdown delayed key economic data releases (CPI, jobs). Early data showed weak job growth and falling consumer confidence, raising concerns about the labor market. BLS report is awaited.
Clearwater Analytics (CWAN) shares jumped after hours amid reports that Warburg Pincus and Permira are in talks to acquire the software company. Strong growth contrasts with valuation concerns.
Michael Burry shorts tech giants like Meta & Nvidia, alleging depreciation underestimation. Experts question his tech analysis depth, citing GameStop experience. $1B bet faces scrutiny as stocks rally.
Trump proposes $2000 dividend from tariff income, but Treasury Secretary suggests other methods. Critics warn of inflation. High court doubts Trump's tariff authority. Tariffs & toll rates reached 18% rate.
Partisanship strongly influences opinions on Trump's plan. Supporters will pay more taxes, while opponents will forgo savings, highlighting the power of political allegiance over self-interest.
Lucid faces earnings miss, executive shakeup with Emad Diala & Erwin Raphael joining. Eric Bach departs. New Nvidia partnership announced. LCID shares decline despite $5.5B liquidity.
Sen. Rand Paul warns tariffs harm US farmers & violate the Constitution's separation of powers. He urges Supreme Court intervention, highlighting the 'Farmageddon' facing soybean farmers due to trade war with China.
US & Japan collaborate to mine rare earth minerals near Minamitori Island, aiming to reduce reliance on China. This follows easing of Chinese export restrictions and US tariff suspensions.
