They just keep blowing expectations away...
https://www.zerohedge.com/markets/nvidia-explodes-higher-after-blowing-away-estimates-guiding-sharply-higher-unveils-101...and unlike some past fast risers, they actually produce a product...that just happens to fuel the entire AI stream...
And, perhaps well timed...advice on how old money retains its wealth...
Yet in Rome I was ensconced in a 900-year-old fortune still intact. Here was a family fortune that had survived the Black Death, the Thirty Years’ War, the wars of Louis XIV, the Napoleonic Wars, both world wars, the Holocaust and the Cold War.
I knew the Colonna family weren’t unique; there were other families like them throughout Europe who kept a low profile. These families are only too happy to be overlooked by the Forbes 400. That type of wealth and longevity could not be due merely to good luck.
In 900 years, too many cards are turned from the deck for luck alone to be sufficient. There had to be a technique.
How Do They Do It?
I turned to a striking Italian brunette to my right and asked, “How does a family keep its wealth for so long? It defies the odds. There must be a secret.”
She smiled and said, “Of course. It’s easy.” You just invest in “the things that last.”
She added that the secret was, “a third, a third and a third.”
She paused, knowing I needed more, and continued, “You keep one third in land, one third in art and one third in gold.” Her advice followed the first rule of investing — diversificationhttps://www.zerohedge.com/personal-finance/old-money-secret-wealth...at some point (timing is everything) the transitory needs to find a more permanent residence.
And, about AI...I find this very interesting -
https://www.zerohedge.com/commodities/jpm-predicts-global-ai-data-centers-will-consume-681-olympic-sized-pools-fresh-waterAs for the CRE situation...
https://www.zerohedge.com/economics/incoming-commercial-real-estate-crisis-no-one-seems-prepared...the situation is not improving and the can-kicking can only buy so much time before the cash call comes...and the FJB economy isn't good for recovery...so this segment seems really sketchy to me, one I avoid as an investor...but one because not all banks can be avoided we are all exposed to from a risk perspective.
We need common sense change in economic policy, regulatory policy, monetary policy, fiscal policy...all of it! Depserately!
