Finance
As insightful as it is heartfelt. Even though Scott's relationship with money is very American there's plenty here that is universal.
I just don't we can (or want to) stop gambling. Not yet.
https://www.profgmedia.com/p/lessons-from-south-korea
🚀 Would you bet against Elon Musk? He’s eyeing a $20 trillion valuation for Tesla — putting it in the same league as gold ($22T total value). Today, Tesla sits around $1T.
For context:
👑 Nvidia is the world’s biggest company at $4.2T
₿ Bitcoin is at $2.3T
Bold vision, Elon. Still a very long road ahead.
"What does this tell us about the Japanese economy? Precisely nothing — in fact the Japanese services sector activity reading had a surprise rise in July, fueled by domestic demand, meaning that economy is chugging along nicely as well. All it told us was how overbought the Japanese sharemarket was."
https://www.crikey.com.au/2024/08/06/us-recession-fear-japanese-market/
Good old paper money still is a great business to be in (even if it's a fast disappearing business)
https://mail.blockworks.com/p/the-fed-is-losing-billions-everywhere
The Russian Ruble is still being crushed by the dollar… down 10% for the month, but it is much better than a few days ago…
"More intuitively, Cowen says simply, 'I would rather have current healthcare at current prices than 1972 healthcare at 1972 prices.' "
https://mail.blockworks.com/p/friday-charts-0a82
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