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The New Yorker: I'm looking at the covers of all the issues of The New Yorker for the past few weeks. Never has one magazine gotten so much wrong over such a long period of time. Mind-boggling.
Small minds, short-sighted minds unable to understand what just happened in the Mideast.
Having said that, look at this: how out of touch is BRK?
On a day that peace is breaking out, BRK-B is down another $1.45. The Dow is down less than 0.1% -- mostly energy, I assume -- and yet the NASDAQ and S&P 500 are surging. And as the day goes on, the Dow improves, but BRK gets worse. That tells me one thing: folks are pulling their cash out of BRK. In the short term, BRK is a voting machine; in the long term, it's a weighing machine.The bad news: retail investors only understand BRK's equity portfolio. The wholly-owned subsidiaries are "black boxes." What will bring BRK back? Returning capital to investors in terms of a dividend, not buybacks.
It's too bad. Meme stocks, tech stocks are getting too expensive. BRK has a great price point, and I'd probably consider adding to my position, but with no dividend, it's a non-starter.
How long did Trump predict kinetic hostilities would last: 4 - 6 weeks; 28 to 42 days. Peace broke out in the Mideast on day 40 -- that's when the US unilaterally "stood down."
FIFA: IRAN will play in the 2026 World Cup. Meanwhile, Iranian athletes remain in extreme danger in their home country, but apparently investors look past that. MINNOWs? Crickets.
Google Gemini now on "all" Apple devices? Much more to come; much more to be explained; much more everywhere. I want to see how Apple - Siri - Gemini work together.
If Rory never wins another tournament, he becomes another Nick Faldo. I hate to say that, but it's true. It seems even Jordan Spieth gets more attention in the US than Rory.
Faldo's back-to-back wins,, characterized by dramatic playoff victories, cemented his legacy as one of the finest European golfers ever, but the fame of Nicklaus and Woods was fundamentally different in its worldwide, mainstream reach.
Spieth? How long has it been? More than a decade and he seems not to be getting any better. Spieth first became the world's number 1 golfer on August 16, 2015, at age 22, following a runner-up finish at the PGA Championship. He held the top spot for a total of 26 weeks across several stints in 2015 and 2016. He officially became No. 1 after passing Rory McIlroy. But Rory? Rory McIlroy has been the world number one golfer multiple times, spending over 100 weeks at the top of the Official World Golf Ranking during his career. He first achieved the top spot in 2012 and has consistently returned to the position, including in 2022, marking his ninth time reaching number one,
So, like the Tiger Woods - Phil Mickelson dual, we have the Rory - Spieth dual. Scottie Scheffler will likely over shadow three of the four, if not all four.
Saudi LIV: speaking of golf, The WSJ is reporting that Saudi LIV is on the brink of collapse. Good riddance.
Blue skies is all I see. Link here.
