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The Economics of American Diners
This video explores the invincibility of diners and why they have remained unchanged since the 1940s. Diners have stayed consistent with their huge menus, 24/7 service, traditional human service, and simple comfort foods. Customers value their predictability, reliability, simplicity, consistency, and modesty. The video delves into the strategies of the three biggest diner chains, Denny’s,…
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Amphibious Assault
The USS Bataan, an amphibious assault ship that performs complex and dangerous operations in the US Navy. Unlike supercarriers, which deal with crises from a distance by launching aircraft, amphibious ships deal with crises face to face by putting Marines on the ground. The USS Bataan, which weighs 27,000 tons and requires the integration of navy…
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The Flat Earth Trading Society
In this Flat Earth Trading Society video, Robb Reinhold discusses the challenges of setting stops for trades based on dollar amounts or percentages due to different stocks’ volatility. The “Flat Earth Trading Society” videos are a joke/demo by Robb to not only promote his prop trading firm, but also demonstrate how to let winners run…
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Memeconomy
“The Peak Of Crypto Degeneracy,” discusses the surge in interest and value of Solana and meme coins. Solana, founded in 2020, is a California-based for-profit company that uses a proof of stake consensus mechanism and supports smart contracts. Its main selling point is faster and more efficient transactions than its main competitor, Ethereum. The creation…
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Schwager
Jack Schwager reflects on the impact of his interviews with successful traders, particularly those featured in his Market Wizard series. Schwager shares that some of the best traders he’s ever met were part of this project including Michael Marcus, Bruce Kovner, Stan Druckenmiller, and one trader who turned $5,000 into $50 million and later $250…
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Biden Steps Aside via Twitter
Joe drops out of the race. Can Kamala Harris take over Biden’s $96 million war chest? Expect a fight.
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Assassination Attempt
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Allen Stanford
I didn’t know the story of Allen Stanford before seeing this video. He created a Ponzi scheme worth over $5 billion and ended up with a 110year prison sentence. Despite his public image as a trustworthy banker, Stanford’s life was built on lies, starting with his humble beginnings in Texas. He went on to live a…
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39% After Fees…
More on Jim Simons vs other great traders and investors. Also explained (by Charlie Munger) is why Medallion is/was not able to scale past 10B in AUM and some built in promo for Patrick Bet David products and services.
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Langone on Life
Ken Langone, the founder of Home Depot and a successful investor, is celebrated for his exceptional leadership. Langone helped build Home Depot over 40 years ago and is now the largest shareholder in companies like Eli Lily. He became a shareholder in Eli Lily in 1977 when they bought his small medical device company, IVAC…
Got any book recommendations?