Full Width 
Shortcuts 
Sign Up 
Log In 
Articles 
Reading List More from Farnam Street
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.
More in finance
Types, Ellison, AI, YouTube, Private Credit, Globalization, Lending, Huawei
The key reports this week are January New Home sales, the second estimate of Q4 GDP, Personal Income and Outlays for January, and Case-Shiller house prices. ----- Monday, February 24th ----- 8:30 AM ET: Chicago Fed National Activity Index for January. This is a composite index of other data. Dallas Fed Survey of Manufacturing Activity for February. ----- Tuesday, February 25th ----- 9:00 AM: FHFA House Price Index for December 2024. This was originally a GSE only repeat sales, however there is also an expanded index. 9:00 AM: S&P/Case-Shiller House Price Index for December. Richmond Fed Survey of Manufacturing Activity for February. ----- Wednesday, February 26th ----- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. 10:00 AM: New Home Sales for January from the Census Bureau. The consensus is that new home sales increased to 678 thousand SAAR, down from 698 thousand in December. ----- Thursday, February 27th ----- 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thousand from 219 thousand last week. Gross Domestic Product, 4th Quarter and Year 2024 (Second Estimate) The consensus is that real GDP increased 2.3% annualized in Q4, unchanged from the advance estimate of 2.3%. Durable Goods Orders for January from the Census Bureau. The consensus is for a 1.8% increase in durable goods orders. Pending Home Sales Index for January. The consensus is for a 1.2% decrease in the index. Kansas City Fed manufacturing survey for February. ----- Friday, February 28th ----- 8:30 AM ET: Personal Income and Outlays for January. The consensus is for a 0.3% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.5% YoY, and core PCE prices up 2.6% YoY. Chicago Purchasing Managers Index for February.
In the volatile world of cryptocurrency, security is paramount.
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.
By mid-century, changes in Berkshire Hathaway's voting control could make a breakup of the conglomerate likely.
