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Big JamieD
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SIZE
Risk and SuccessMike Novogratz became one of the youngest billionaires in history, turning $1 million into $2.3 billion in roughly 10 years through his Fortress hedge fund.Fortress, co-founded by Novogratz, was the first hedge fund to go public in 2007, making five guys billionaires in a single day. Novogratz made his first million at 32,…
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Tom on Tariffs
Interesting talking points from Fundstrat’s Tom Lee Thinker Are Tariffs Inherently Inflationary? Rationale Hayek Yes (systemically) Tariffs distort price signals and cause misallocation—even without broad CPI inflation Keynes Maybe (contextual) Depends on demand, employment levels, and slack capacity Friedman No (not without money growth) Only money supply growth causes sustained inflation Tom Lee No (corporate…
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Eisman’s Opinion
“Bullish Signs Continue. Here’s a summary of the highlights:Market Overview: Both the S&P 500 and NASDAQ reached 52-week highs. The S&P 500 rose approximately 3% and NASDAQ around 4% during the week. Earnings Reports: Strong performance in earnings reports contributed to market growth. Major reports came from companies like Carnival and Nike. Nvidia reported significant…
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To Short or Not to Short
Market Speculation and Valuation 🚀The S&P 500 trading at 23 times next year’s earnings is extremely overextended, signaling potential market overvaluation and speculative behavior. 💡Earnings mean reversion poses a significant risk, as historically high corporate margins could halve earnings if they revert to mean levels. 🎢The MNAV premium in Bitcoin, currently at 2.25x, has historically reached 300% before collapsing, indicating extreme retail speculation and market…
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Refining Uranium
Longer interview ⚡The US has 94 operating reactors producing 97 GW of electricity, accounting for 18.5% of grid energy production, while total installed production capacity is 1,250 GW. China has doubled its grid production since 2010 and will triple it by the end of the decade, demonstrating that rapid grid expansion is possible if desired. Domestic Uranium Enrichment 🏭The US currently lacks domestic uranium enrichment…
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Borrow to Pay
An explanation of how debt fueled spending makes world turn and what happens when lenders stop lending.
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Massive Ordinance Penetrator
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Lost Confidence
DoubleLine Group CEO Jeffrey Gundlach talks about the price of gold, fixed income, private credit, President Donald Trump’s tax bill, Federal Reserve monetary policy and artificial intelligence with Lisa Abramowicz at the Bloomberg Global Credit Forum in Los Angeles.
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War
Strategic Operations 🎯Israel’s Air Force achieved unprecedented success in controlling Iranian airspace, surpassing IDF expectations and leading to a historic declaration of war comparable to the Six Days War. 🔍Israeli intelligence, led by General Schlomi Binder, obtained a treasure trove of intelligence on Iran’s plans, including actual blueprints for weapons and strategies to destroy Israel. 🧠The IDF’s psychological warfare and deception tactics, including planting the…
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