To The Moon

When it comes to clues about the next Federal Reserve Chair, the latest signal didn’t come from insiders or leaks — it came from the one person who never minds sending signals himself: Donald Trump.In a recent appearance, Trump said he would announce his pick for the next Fed Chair “early next year.” He didn’t spell it out, but markets took it as a strong hint toward Kevin Hassett — the current NEC Director and a long-time advocate of aggressive rate cuts, who has quickly become the frontrunner in public speculation.Meanwhile, current Fed Chair Jerome Powell’s term runs until May 2026.This makes it a fitting moment to look back:How did Powell actually perform during one of the most turbulent periods in modern economic history?Why are reviews of him always “mixed but respectable”?And if Kev

Warren Buffett, 95, is back in the headlines—not for a new blockbuster investment, but for writing what may be his final shareholder letter as CEO, announcing he will "go quiet" and formally hand the reins of Berkshire Hathaway to Greg Abel. The letter has gone viral not as a corporate update, but as the closing chapter of a legendary investor reflecting on a lifetime of lessons—and offering direction for Berkshire’s next era.$Berkshire Hathaway(BRK.B)$ , $Berkshire Hathaway(BRK.A)$When Buffett declared, "I will no longer be writing Berkshire’s annual report," Wall Street felt an indescribable mix of emotions—not shock, nor sorrow, but a sense of "we’ve finally reached this moment."Warren Buffett1. The

Railways, Roads, the Internet—and Now AI: The 4th Great Infrastructure Gamble in Human HistoryThis earnings season, tech giants quietly unveiled a staggering plan:This year they will pour US$342 billion into building AI infrastructure.The figure has Wall Street asking:Is this the greatest investment of all time, or the most spectacular bubble?How mind-blowing is the number?💰 After inflation, it eclipses the entire Apollo moon program💰 It equals 1.2–1.4 % of U.S. GDP💰 In real terms, it is 50 % higher than global telecom investment at the peak of the dot-com bubbleOnly a few periods in history have seen infrastructure spending on this scale:19th-century Railway Mania: 3–4.5 % of U.K. GDPEarly-20th-century roads & cars: 2 % of U.S. GDP1990s fiber-optic build-out: 1.5 % of U.S. GDP2020s AI

The Fed’s two-day meeting wraps up tomorrow night (Oct 29) — and the stakes couldn’t be higher.Markets are betting big on a rate cut: CME data now shows a 98% chance of a 25bp move, signaling that the era of “higher for longer” may finally be ending.Market expectations ahead of the Oct 29 Fed meetingYet behind this week’s policy suspense lies a much bigger story — Trump’s quiet campaign to reshape the Fed itself.His five potential Fed Chair nominees are all singing the same tune: keep the easing going.The race to replace Jerome Powell is heating up — and it’s no longer just about who will lead the Federal Reserve. It’s about how far Donald Trump is willing to go to reshape America’s central bank in his own image.On Monday, Treasury Secretary Bessent confirmed the final five contenders for

August 1, 2025 — Bridgewater Associates completed its buy-back of every share still held by Ray Dalio, simultaneously removing his board seat. At 76, the godfather of hedge funds has executed a clean, dual exit—financial and governance—from the firm he founded half a century ago.For Tigers: Would you rate Dalio a perfect 10, or does the legend still carry regrets?Bridgewater in One SnapshotAssets Under Management: ~US$92.1 billion—still the world’s largest hedge fund.Performance: Pure Alpha 18% vol fund is up 17 % net in H1 2025, beating most macro peers.Valuation: Brunei’s sovereign fund just redeemed cash and then turned around to buy a minority stake in the parent—a back-door “IPO-level” price tag. Translation: Dalio cashed out at the absolute peak of brand and scale.Dalio: Turning Near

1.S&P 500 Soars Past 6,300, Another All-Time PeakThe $S&P 500(.SPX)$ hit its 11th all-time high of the year on Wednesday trading, continuing its remarkable turnaround from just a few months ago.The S&P 500 Index has crossed above 6,300 for the first time in this week, its 3rd 100-point milestone of 2025 and 7th in the past year. Fears overs tariffs impacting the global economy have completely disappeared.The S&P 500 Index is not only one of the most influential stock indices in the world, but also a "barometer" of the US economy.2. Investings based on $S&P 500(.SPX)$ is a good choice because many funds cannot outperform the Index.The godfather of value investing, Warren Buffett, bet wi

Not only the big model itself, Meta also wants to become a major AI infrastructure company.On June 10th local time, it was reported by the media that $Meta Platforms, Inc.(META)$ will acquire a 49% stake in Scale AI for $14.9 billion (equivalent to approximately 106.6 billion yuan). The co-founder of Scale AI, Alexandr Wang, will become the head of Meta's newly established "Super Intelligence Group."Based on the equity ratio, Wang and his team could potentially receive $7.4 billion from this deal, making it the most expensive "talent poaching" in Silicon Valley. For comparison, Google's acquisition of the DeepMind team in 2014 cost only $600 million.In an internal letter, Zuckerberg wrote, "We will build the future of AI together." Amidst the setb

Whitney Tilson, Who is running for mayor of New York City. He has been worked as a consultant for Boston Consulting Group (BCG) for two years. BCG agreed to delay his start date by six months so that he could help launch the Teach for America program.Tilson then managed a hedge fund for 18 years. He emulated investor Warren Buffett by investing in companies that were selling at a discount to their intrinsic value, and described himself as a disciple of value investing theorist Benjamin Graham. [From 1999 to 2017, he founded and managed the hedge fund Kase Capital, which, as a value investor, managed three value-oriented hedge funds and two mutual funds. As of February 2004, his hedge fund had returned 68% (53% after fees) since its inception on January 1, 1999, compared with a loss of 3% f

$Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ was the only winner with postive return compare to other rest TOP 10 stocks ranked by market cap.As of April 2025, Berkshire Hathaway (BRK.A) held approximately $334.2 billion in cash, cash equivalents, and short-term investments. This significant cash position represents about 25% of Berkshire’s total assets.Here is the information about the 2025 Warren Buffett $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ Annual Shareholders' Meeting:Ticket for 2025 Annual shareholder meetingTime and LocationThe 2025 Warren Buffett Annual Shareholders' Meeting will b

A week ago, 26-year-old Penn graduate Luigi Mangione shocked the nation by gunning down $UnitedHealth(UNH)$ Group CEO Brian Thompson in broad daylight.Reports indicate that during Thompson's tenure, AI algorithms were implemented to drastically increase claim denials, leaving insured patients without medical compensation. Following the shooting, Mangione calmly dined at $McDonald's(MCD)$, where he was later recognized and reported by employees, leading to his arrest.1. Who Is Luigi Mangione?Born into a wealthy Maryland family, Luigi Mangione earned bachelor’s and master’s degrees in computer science from the University of Pennsylvania. 4 Penn AlumniDespite his privileged background, Mangione harbored deep r