Taiwan’s secret economic weapon? A deliberately weak currency. It’s made the island’s exports dominate globally—but left everyday Taiwanese paying the price at home https://t.co/lQx853URS7 ...

RT Orange Effect (@maxpeaceofmind)$111T in obligations can’t be repaid honestly-it’ll be repaid in weaker currency.That’s the quiet confiscation nobody notices until it’s too late.Low-dilution, trust-minimized assets; held privately, outside the system are the only antidote. ...

The South Korean won is approaching its weakest level since 2009, adding pressure to the central bank to protect the currency https://t.co/qB84jPUY0Z ...

Core Insights - Concerns are rising among investors regarding the upcoming transition of CEO from Warren Buffett to Greg Abel at Berkshire Hathaway, with a notable decline in stock performance since the announcement [1][3][5] Stock Performance - Berkshire's B shares reached an all-time high of nearly $540 on May 2, outperforming the S&P 500 by 22.4 percentage points for the year, but have since fallen behind by 10.9 percentage points [2] - The B shares have dropped 11.5% since Buffett's announcement, with a recent closing high of almost $507 on September 4 [3] - Analysts at Keefe, Bruyette & Woods downgraded Berkshire's A shares from "market perform" to "underperform," lowering the price target from $740,000 to $700,000 [3] Analyst Concerns - Analysts express worries about GEICO's underwriting margins, declining reinsurance rates, and tariff pressures, attributing recent underperformance to Buffett's announcement [4] - The report highlights Berkshire's "historically unique succession risk," indicating that the lack of Buffett's presence may deter investors due to inadequate disclosure practices [5] Market Sentiment - There is a divide in market sentiment, with some investors maintaining confidence in Greg Abel, while others believe Berkshire was overvalued prior to Buffett's announcement [7][9] - Despite the transition, some analysts argue that Berkshire's operating companies will continue to generate significant cash flow [10] DaVita Stake Adjustment - Berkshire Hathaway sold 401,514 shares of DaVita for $54 million to maintain its stake at 45% following a decline in DaVita's stock price due to disappointing earnings [11][12] - The sale aligns with a previous agreement to keep its stake below 45% as DaVita's buybacks reduced outstanding shares [12][13]

Gold Market Insights - Gold futures have surpassed $4,000/oz for the first time, with spot gold reaching an intraday high of $3,990.65 [3] - The rally in gold prices is attributed to inflation and currency devaluation risks in the U.S. and other major economies, as noted by Daniel Altman [4] - Gold has increased over 50% this year, driven by investor demand for safe-haven assets amid new tariffs and concerns about central bank independence [5] - Goldman Sachs has raised its gold price target for the end of next year to $4,900 from $4,300, indicating that ETF inflows and central bank purchases are likely to continue [5] Ford Motor Company - Ford shares have declined following a fire at a New York plant that supplies 40% of the auto industry's aluminum sheet, leading to an estimated $800 million hit to EBIT [6][7] - The F-Series pickup, a major product for Ford, is one of the largest consumers of aluminum in the auto industry [7] Trilogy Metals - Trilogy Metals' stock has surged over 200% after South32 agreed to sell approximately $17.8 million worth of shares to the U.S. Department of Defense, resulting in a 10% stake for Washington in the Canadian exploration company [7] Dell Technologies - Dell has raised its long-term financial targets, now expecting annual revenue growth between 7% and 9%, up from a previous estimate of 3% to 4% [8] Employment Data Insights - Carlyle Group estimates that the U.S. added 17,000 jobs in September, similar to the official August nonfarm payrolls number of 22,000, based on its global portfolio [9] - Alternative indicators of employment have been criticized for leading to larger forecasting errors, according to economist Samual Tombs [9] Consumer Expectations - Consumers have raised their inflation expectations for both short- and long-term horizons in September, while their views on the labor market have weakened [10] Market Conditions - Current market conditions are likened to those of 1999, with investor Paul Tudor Jones suggesting that leverage metrics are higher than before the dot-com bubble [13]

Currency Value - US dollar has lost over 10% of its value this year [1]

Market Trends & Investment Opportunities - Gold experienced a 95% increase since October 2023, contrasting with its flat performance between August 2020 and October 2023 [1] - Bitcoin has surged by 313% since October 2023, mirroring gold's upward trajectory [1] - The market recognizes the sovereign debt bubble is reaching its conclusion, driving capital into hard assets like gold and Bitcoin [4][6] - Trillions in capital are fleeing sovereign debt into gold and Bitcoin, suggesting the trend is closer to the beginning than the end [6] Sovereign Debt & US Treasury - The US Treasury tacitly admitted in October 2023 that it could no longer fully fund budget deficits with regular long-term debt issuance [2] - The US has been increasingly funding deficit spending with short-term treasuries (T-Bills) due to investor preference [3] - Shifting debt issuance to short-term T-Bills was an admission that there's not enough demand for long-term treasuries [4] - Continued sales of standard amounts of 10, 20, and 30-year bonds would increase government bond yields to unsustainable levels [4] Risk Factors & Potential Catalysts - A sudden currency devaluation is a historical consequence of sovereign debt issues, favoring hard assets [5] - The next catalyst for Bitcoin is the same one that added $9 trillion to gold's market cap in less than 2 years [5] - Currency devaluations happen suddenly, and holding assets that cannot be seized or debased is crucial [6]

Stablecoins in LATAM - Explores how stablecoins are assisting LATAM users in earning, saving, and protecting their money [1] - Buenbit, Littioco, Belo App, and Opentrade_io are participating in a live discussion about stablecoins [1] Currency Value - Addresses the issue of how to save when currency loses value daily [1]

Economic Instability - Venezuelan businesses rapidly convert bolívars received into other assets to avoid devaluation [1]

Market Strategy & Investment Philosophy - The market's buoyancy is driven by compelling stories, suggesting a focus on narrative-driven investment decisions [2] - The speaker emphasizes making money as the ultimate goal, rather than focusing on minute details like Federal Reserve movements or new governor appointments [9] - The speaker advocates for focusing on stories that can generate profit, rather than getting bogged down in minor market fluctuations [9] - The speaker highlights the importance of identifying companies with compelling stories as key to making money, rather than focusing on minutiae [27] Sector-Specific Opportunities & Risks - A reduction in tariffs on Vietnamese exports from a proposed 46% to 20% is seen as positive for companies with supply chains in Vietnam, benefiting stocks like Nike (up 4%) [10][12] - Apparel and furniture stocks previously negatively impacted by shifting supply chains from China to Vietnam may see relief from the reduced tariff [12] - Whirlpool could benefit from steel tariffs impacting foreign competitors like LG, Samsung, and Haier [16] - A weaker dollar is expected to benefit companies like Proctor & Gamble by increasing the value of overseas earnings when translated back to US currency [18][19] - Meme stocks like Palantir, Coinbase, and Robinhood are experiencing renewed interest from buyers [19][20] Company Analysis & Recommendations - Etsy is considered to have execution issues, but the speaker believes in the company's core value and recommends holding the stock, suggesting buying more if it returns to previous lows [24] - Capital One, acquired at $170 per share and now at $215, is considered a "gold mine," with the acquisition of Discover expected to bring great things [25][26][27]