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]

Holy shit the dollar is speed running to 0.If we actually get 7 rate cuts, this thing will be like 85 if we're lucky. https://t.co/Hh3KypOkfJ ...

In 1971, when I was a young clerk on the floor of the New York Stock Exchange, the United States ran out of money and defaulted on its debts. That's right, the US ran out of money. How.Well, back then, gold was the money used in transactions between countries. Paper money, like the dollar, was like checks in a checkbook in that it had no value other than it could be exchanged for gold, which was the real money. At the time, the United States was spending a lot more money than it was earning by writing a lot ...