Locator: 51013AI.
The book page today: never quit reading -- the story of Will Rogers and William Fox is absolutely amazing.
- Part II, Gemini: The Man Who Made The Movies: The Meteoric Rise And Tragic Fall Of William Fox, Vanda Krefft, c. 2017. Link here.
- Part I, My notes: The Man Who Made The Movies: The Meteoric Rise And Tragic Fall Of William Fox, Vanda Krefft, c. 2017. Link here.
FIFA Soccer World Cup 2026: I believe the USA vs Australia match is to begin in minutes.
AI: We'll post some of those stories as the day goes on. Busy with other activities right now. It's turning out to be a beautiful north Texas day. And I have no family responsibilities today! These are the links:
- Micron / Shay Boloor: AI memory is turning into one of the biggest profit pools in the entire semiconductor stack. Link here.
- WSJ / Apple / Memory costs: Apple's comments suggest the severity of the crunch. Link here.
- First $10-trillion company / Shay Boloor: link here.
- Mag 7 profit / Shay Boloor: link here.
Tailwinds: for investors with a 30-year horizon.
For Warsh:
The 2022 stock market crash was primarily driven by the Federal Reserve’s most aggressive interest rate-hiking campaign since the 1980s to combat 40-year high inflation. This sudden shift from pandemic-era loose monetary policy, combined with geopolitical conflicts and supply chain issues, caused major indices like the S&P 500 to fall by 18.1%.
Things I've learned along the way:
- never quit reading;
- stay fully invested -- but be smart about it -- follow the rules;
- have a very long horizon.
AI: