When They Say Sell, Online Prices Fall 2%, Carvana Crash, Secret Gulf Fam, Climate Change Lockdowns, SBF Didn't Like Bitcoin
"As I look back now, it's obvious that studying history and philosophy was much better preparation for the stock market than studying statistics. Investing is an art, not a science and those who are trained to rigidly quantify everything are at a huge disadvantage."
- Peter Lynch
- The Risk of Worrying About the Non-Risk (Safal Niveshak)
- 20 Golden tips of Benjamin Graham (Compounding Quality)
- Walter J. Schloss: An Investor for All Seasons (Kingswell)
- Vanguard Drops Out of Climate Initiative as Reaction Against Woke ESG Investing Continues (Daily Wire)
- Some Thoughts on Investing, an Ongoing List (Collab Fund)
- When they tell you to sell...
When wealthy traders tell you to sell, remember this video: pic.twitter.com/6H7kUW2WaE
— r/wallstreetbets (@Official_WSB) November 24, 2022
- US Online Goods Prices Fall 2% (Reuters)
- US gas prices fell to $3.29/gal, below last year's avg (WSJ)
- Fed set to keep rates up through 2023...
Economists forecast that the Fed is set to disappoint Wall Street and keep rates at their peak throughout 2023, making a recession very likely https://t.co/CUU8oobQue
— Bloomberg Economics (@economics) December 9, 2022
- Google combines Google Maps and Waze teams (WSJ)
- VC deals set for worst drop in over two decades (Bloomberg)
- Stuart Varney: Elon Musk rolling out 'revolution' at Twitter... and the left doesn't like it (FOX Business)
- Will the Microsoft-Activision deal get killed by the FTC? Not so fast, says one analyst (Fast Company)
- As Carvana crashes hard, used car dealers — not buyers — stand to win big (Business Insider)
- Secretive Gulf Family’s $300 Billion Fortune Is About More Than Oil (Bloomberg)
- Germans Should Turn Down Heating to Save Gas, Says Regulator (Bloomberg)
- Saudi Arabia to collaborate with China on downstream projects (Offshore Tech)
- Climate-Change Lockdowns? Yup, They Are Actually Going There... (ZeroHedge)
- Russia Balks At “Stupid” Oil Price Cap, Mulls Production Cut (OilPrice)
Russia, the world's biggest exporter of energy, may cut oil production and will refuse to sell oil to any country which imposes the West's price cap on Russian oil, President Vladimir Putin said Friday. https://t.co/8w8uQQomv5 pic.twitter.com/5NtLXpJT0m
— NEWSMAX (@NEWSMAX) December 9, 2022
- Manhattan renters face sticker shock with avg rent at $5,200 (CNBC)
- The Internet Made The Housing Market Less Rational (Forbes
- Surveys show impact of mortgage ‘lock-in effect’ on seller psychology (Inman)
- Here’s why mortgage rates have been falling (Marketplace)
- Blackstone chief defends real estate fund amid rush for withdrawals (CNBC)
- GBTC Discount to NAV Widens to Record High Near 50% (Yahoo)
- Amber to end $25M Chelsea deal, lays off 40% of workforce (CryptoSlate)
- FTX Hires Forensic Team to Probe Money Trail (WSJ)
- Celsius Judge Orders Return of User Crypto Worth $50 Million (Bloomberg)
- Crypto's 2008 Moment Explained...
Crypto has lived through its 2008 moment. Different people, different (and more funky) asset names, but same underlying economics:
— Tarek Mansour (@mansourtarek_) December 7, 2022
Take something risky and treat it as safe.
Here’s how crypto imploded and how it’s actually pretty simple:
- “Sam Bankman-Fried didn’t like bitcoin...” - Cathie Wood
“Sam Bankman-Fried didn’t like bitcoin,” @ARKInvest CEO @CathieDWood says. “Why didn’t he like it? It’s decentralized, it’s fully transparent, and he couldn’t control it. He was trying to control the crypto world.” pic.twitter.com/4BD6sedcoD
— Yahoo Finance (@YahooFinance) December 8, 2022
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