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Long-term thinking is one of the most valuable traits of successful individuals. It demands that you forego the rewards of the immediate future and position yourself for lasting success. But long-term thinking is impossible without patience; it’s what made John D. Rockefeller one of the most successful businessmen in history. Whenever he had the opportunity, … The post [FS Members] Lessons from Rockefeller: The Upside of Patience appeared first on Farnam Street.
Why write an essay when you can type a few words and have AI generate one for you? Why write an email when AI can auto-respond for you with all the typical pleasantries and talking-points? While AI doing these things for you is likely to happen, it’s not necessarily a good thing. Even when these … The post Why Write appeared first on Farnam Street.
Michael Abrashoff was in his mid-thirties when he took command of the USS Benfold, a guided missile destroyer and one of the worst-performing ships in the navy. Despite her potency, the “dysfunctional ship had a sullen crew that resented being there and could not wait to get out of the Navy.” By the time he left, less … The post Lessons on Leadership: Michael Abrashoff on Turning the Worst Ship in the Navy into the Best appeared first on Farnam Street.
We all want to learn better. That means retaining information, processing it, being able to use it when needed. More knowledge means better instincts; better insights into opportunities for both you and your organization. You will ultimately produce better work if you give yourself the space to learn. Yet often organizations get in the way of … The post Let Go of the Learning Baggage appeared first on Farnam Street.
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By mid-century, changes in Berkshire Hathaway's voting control could make a breakup of the conglomerate likely.
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Note: "Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital capacity, or hospital occupancy data." So I'm no longer tracking hospitalizations. COVID Metrics NowWeek AgoGoal Deaths per Week859953≤3501 1my goals to stop weekly posts. 🚩 Increasing number weekly for Deaths. ✅ Goal met. Click on graph for larger image. This graph shows the weekly (columns) number of deaths reported since Jan 2023. Although weekly deaths met the original goal to stop posting in June 2023 (low of 314 deaths), I'm continuing to post now that deaths are above the goal again - and I'll continue to post until weekly deaths are once again below the goal. Weekly deaths are now decreasing following the winter pickup. And here is a graph I'm following concerning COVID in wastewater as of February 20th: This appears to be a leading indicator for COVID hospitalizations and deaths. This has moving down recently. Nationally COVID in wastewater is "Moderate", down from "High" last week, according to the CDC.
Types, Ellison, AI, YouTube, Private Credit, Globalization, Lending, Huawei
From BofA: We initiated our 1Q US GDP tracker with the January retail sales print on February 14. Since then, our 1Q GDP tracker is down two-tenths to 2.3% q/q saar from our official forecast of 2.5% q/q saar. Meanwhile, our 4Q GDP tracking is down two-tenths to 2.2% q/q saar since our last weekly publication. [Feb 21st] emphasis added From Goldman: [W]e lowered our Q1 GDP tracking estimate by 0.1pp to +1.9% (quarter-over-quarter annualized) and our Q1 domestic final sales estimate by 0.1pp to +2.1%. We left our Q4 past quarter tracking estimate unchanged at +2.1%. [Feb 19th estimate] And from the Atlanta Fed: GDPNow [T]he GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is 2.3 percent on February 19, unchanged from February 14 after rounding. [Feb 19th estimate]
Plus! Bond; Capitalizing Nvidia's Strategy; Creator Funds; Adjusted EBITDA; Shortages and Gluts
