ArminvanBuyout

As a young-ish person with decades left in working, nothing would be better if we just meander around for the next few years

On the card data - keep in mind that we're lapping Easter slowdown last year, and so is non-comp

Actually though, why did everything tank today?

Bought some UBER

I remember when WSJ was considered right/conservative haha

Bought into TALK a few months ago - broken SPAC that pivoted business model in 2022, and seems to have turned the corner for now. Also have a lot of GRAB - more the case of growing into valuations.

NVDA being the latest example, TSLA being a pre-COVID example

Interesting read on US outperformance https://www.bridgewater.com/_document/us-exceptionalism-drivers-of-equity-outperformance-and-whats-needed-for-a-repeat?id=00000192-48f2-d1cc-ab9b-fbf6d9e30001

Buying some building products to add to my basket

Neg in a rate cut environment

Isn't a large part of ABNB earnings from interesting income?

Which in turns drivers higher ROIC, which coupled with declining rates, just means average SPY company probably on net is creating more value. Shift towards tech post-GFC (which have better incremental ROIC vs. banks/cyclicals, etc.) further cements multiple expansion

Almost feels like momentum traders piled into the stock mid-Aug anticipating earnings smash, and when it didn't, are just exiting now.

There's the whole topic of yen carry trade deleverage. People borrowed yen for US assets, and now that yen has strengthened from 162 to 149, there is degrossing happening

Imagine trying to raise when Debt to GDP is 250%...