Thursday, August 29, 2024

Daily Economic Update: August 29, 2024

I didn't feel like writing about NVIDIA earnings or the 2s10s inversion almost uninverting.

Have you listened to Howard Marks' and Morgan Housel on Oaktree's Podcast discussing Mark's memo that was titled "The Impact of Debt"?  If not and you work in finance or invest, it's worth a listen.  

  • Apple: https://podcasts.apple.com/us/podcast/behind-the-memo-the-impact-of-debt-with/id1521551570?i=1000666742345 
  • Spotify: https://open.spotify.com/episode/1ewk6BeHzcHadH5vfJvZSy

I covered this memo back on May 9th, you can find the original post here.  "There's nothing more volatile than attitudes."  That includes attitudes towards leverage.

Day ahead is Jobless claims, inventories, GDP, 7Y Auction

XTOD: 76% of Nvidia employees are millionaires, with 1 out if 3 having a NW over $20million

XTOD: Has policy really been restrictive

XTOD: “If I had to summarize money success in a single word it would be ‘survival.’  Not ‘growth’ or ‘brains’ or ‘insight.’   The ability to stick around for a long time, without wiping out or being forced to give up, is what makes the biggest difference.”  -  @morganhousel

XTOD: “He who jumps into the void owes no explanation to those who stand and watch.” — Jean-Luc Godard

XTOD: The greatest battle of all is with yourself—your weaknesses, your emotions, your lack of resolution in seeing things through to the end. You must declare unceasing war on yourself.

https://x.com/FinPhilosopher/status/1828774164188242184
https://x.com/biancoresearch/status/1828275544796131405
https://x.com/investingdpark/status/1642931878863810565
https://x.com/tferriss/status/1828868864849121365
https://x.com/RobertGreene/status/1828462537622618375

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