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TOMORROW IS TIM COOK'S LAST DAY AS CEO OF APPLE $AAPL Asked what he stood for after 15 years, he declined to describe his own legacy. "Your legacy is described by others, not yourself." He said he hopes people call him a good and decent man, and that if they do, he will feel like he achieved something.
WOLF1,185,825 görüntüleme • 10 gün önce
TODAY IS TIM COOK'S LAST DAY AS CEO OF APPLE $AAPL He said he wanted this to be the best CEO transition ever and a textbook example. John Ternus takes over tomorrow as the ninth CEO in company history. Cook said he is ready to be a first-class CEO for a first-class company. Ternus said he is lucky to have Cook as a mentor. Every Apple CEO, 1977 to now: - Michael Scott: 1977-1981 - Mike Markkula: 1981-1983 - John Sculley: 1983-1993 - Michael Spindler: 1993-1996 - Gil Amelio: 1996-1997 - Steve Jobs: 1997-2011 - Tim Cook: 2011-2026 - John Ternus: 2026-
WOLF320,073 görüntüleme • 9 gün önce
JENSEN HUANG SAYS AMERICA WILL BUILD THE FULL AI STACK AND EVERY OTHER COUNTRY SHOULD TAKE THE PIECES IT NEEDS He described AI as the new industrial revolution, with the technology becoming economic infrastructure rather than a product. Huang said Commerce Secretary Howard Lutnick was supportive of building in the United States and wants to see other countries adopt the technology and build their own AI economies on top of it. On India, he called it one of the world's leading IT industries and said this is the start of a new IT platform. His advice to the country was that everyone is moving fast, so it has to move faster
WOLF105,770 görüntüleme • 4 gün önce
CHRIS CAMILLO JUST LAID OUT HOW TO MAKE $500,000 A YEAR AS AN "AI GUY" FOR LOCAL BUSINESSES His blueprint: 1. Walk into any HVAC, plumbing, or sprinkler business. 2. Ask where they're leaking money. 3. Build them an AI agent that answers after-hours calls, sends instant texts, and gets quotes out in real time. 4. Integrate it with their CRM for free. 5. Charge them $2K-$3K/month to be their "AI guy." Repeat across 10-20 businesses. "There are people right now doing this."
WOLF4,246,334 görüntüleme • 4 ay önce
JOHN TERNUS WAS ASKED WHERE APPLE GOES NEXT AND ANSWERED WITH A STORY ABOUT FURNITURE He takes over as CEO of Apple $AAPL today. Steve Jobs once pulled a chest of drawers from a wall and saw the carpenter had finished the hidden back as carefully as the visible front. Ternus said he thinks about it constantly. The MacBook Neo is the cheapest Mac Apple has made. Ternus said open it up and the inside is just as beautiful, and that the same holds on a MacBook Pro or an iPhone Pro Max. Apple's iPhone event is September 9. It will be his first as CEO.
WOLF87,395 görüntüleme • 8 gün önce
STANLEY DRUCKENMILLER: "I SHORTED $200 MILLION OF INTERNET STOCKS IN MARCH 1999. IN THREE WEEKS I COVERED THEM AT A $600 MILLION LOSS." "I was short 12 stocks. They all went bankrupt. Every one of them." He was right on every single pick. Still lost $600M. "If you're dead wrong on a long, you can lose 100%. If you're dead wrong on a short, you can lose 10 times your money." "Frankly, I'm not sure I've ever made money in shorts. I've never had a down year, but I'm not sure I've made money in shorts. I like it. It's fun. But you can get your head handed to you." "Don't try that at home."
WOLF1,265,595 görüntüleme • 4 ay önce
JENSEN HUANG WAS ASKED WHO IS USING AI BETTER THAN ANYONE ELSE IN THE WORLD His answer wasn't OpenAI. It wasn't Google. It wasn't even Nvidia itself. Here's what he said on CNBC: "Nobody uses AI better than Meta." He explained that Meta went from a classical recommender system running on CPUs to a generative AI agentic system making recommendations across the entire platform. "Everything from the way social media works and the way they recommend ads and help advertisers create content has fundamentally been changed. And their earnings show it." "That's the reason why they're investing so hard. They see a much larger future potential for it." Mark Zuckerberg $META is spending $70B+ on AI this year.
WOLF725,631 görüntüleme • 3 ay önce
Greg Abel says Buffett started buying $GOOGL ~15 months ago In May, Berkshire was offered a large block, and Abel recommended $10B at a 6.5% discount. Buffett agreed. Berkshire boosted its stake 83% in Q2 to ~106M shares. Abel: “We saw Google as a significant player” in AI.
WOLF38,562 görüntüleme • 7 gün önce
AMD CEO LISA SU HAS SAID THE WORLD NEEDS ANOTHER 100X MORE COMPUTE IN THE NEXT 4-5 YEARS She even coined a unit for where that leads: the yottaflop. That is 10 to the 24th power in flops, a one followed by 24 zeros, roughly 100 times more compute than exists today. Her answer to what all of it is for: today's models are already strong, but "it can get so much better." The use case she calls closest to home is writing software, where AI tools are already lifting developer productivity. "AI is really gonna be everywhere and it's really for everyone." Where she thinks we are: "still in the very early innings of really unlocking the power of AI."
WOLF213,391 görüntüleme • 1 ay önce
WARREN BUFFETT ON THE FED'S 2% INFLATION TARGET 🇺🇸: "I WISH THEY HAD A ZERO INFLATION TARGET" His problem with 2%: it "compounds pretty dramatically over time." At that pace, prices double roughly every 35 years. And it sets a quiet floor under everyone's money. In his words, anyone earning less than 2% on their cash is "going backwards." Worse, you may owe tax on the 2% that just kept you even. "I don't like that particular goal."
WOLF187,283 görüntüleme • 1 ay önce
Berkshire CEO Greg Abel says the data-center buildout is a major opportunity for Berkshire Hathaway Energy, but power will be the bottleneck. “I’ve always had a strong view that energy would be the constraint.” Data centers were ~8% of BHE’s Iowa load last year. Abel says Berkshire will serve hyperscalers only when there’s no rate impact on existing customers, and ideally a net benefit.
WOLF27,456 görüntüleme • 7 gün önce
JEFF BEZOS SAYS: "WE DON'T HAVE A REVENUE PROBLEM IN THIS COUNTRY. WE HAVE A SPENDING PROBLEM." "A nurse in Queens who makes $75,000 a year pays more than $12,000 a year in taxes." His suggestion: "How about we start by having the nurse in Queens not pay taxes at all? We shouldn't be asking this nurse in Queens to send money to Washington. They should be sending her an apology." The math behind it: "The bottom half of income earners in this country pay only 3% of the taxes." He added the US already has "the most progressive tax system in the world. The top 1% of taxpayers pay 40% of all the tax revenue."
WOLF346,205 görüntüleme • 3 ay önce
TODAY IS TAX DAY. HERE'S WHAT WARREN BUFFETT SAID ABOUT PAYING TAXES IN 2024 "Berkshire sent in a check for over $5 billion to the U.S. federal government last year." "If 800 other companies had done the same thing, no other person in the United States would have had to pay a dime of federal taxes. No income taxes. No Social Security taxes. No estate taxes. Nothing." "It doesn't bother me in the least to write that check. And I would really hope, with all that America has done for all of you, it shouldn't bother you that we do it."
WOLF421,504 görüntüleme • 4 ay önce
HOWARD MARKS ON THE MOST EXPENSIVE LESSON OF SELLING TOO EARLY: "Amazon was $90 in 1999. When the tech bubble burst, it went to $6. It was down 93%." "What if you were smart enough to buy it at $6? Would you have held to $12? What about $60? You've made 10 times your money, would you sell?" "What about when it got to $600? You made 100 times your money. Most people would sell." "At the time I wrote it, Amazon was $3,300. If you sold at $600, you left 85% of the money on the table." "Buffett says he made all his money on 12 ideas. Charlie Munger said he made all his money on 4. The big mistake is getting off too soon."
WOLF319,388 görüntüleme • 4 ay önce
JEREMY GRANTHAM JUST CALLED THIS THE MOST EXPENSIVE MARKET IN AMERICAN HISTORY The GMO co-founder built his name calling the 2000 and 2021 bubbles. On CNBC, he was asked how far stocks fall when this one breaks. His number is bigger than people expect: Grantham said getting back to trend from here looks closer to a 70% decline than a 50% one. His reasoning is that since 2010, the market's PE has averaged more than 60% above its prior 100-year norm. On timing, he was blunt that nobody can pin it: the peak could come anywhere from two weeks ago to two years from now. On AI specifically, he put it alongside railroads and the internet. World-changing inventions, every one of them accompanied by overinvestment and a temporary collapse where, in his words, everyone in the end loses their shirt. His track record on the size of the drop: he called for a 75% NASDAQ decline in 2000. It fell 82%.
WOLF150,123 görüntüleme • 2 ay önce
STANLEY DRUCKENMILLER: “I JUST DON’T CARE WHAT I PAID FOR A STOCK. IT’S ABSOLUTELY IRRELEVANT.” “If the reason I bought a stock is no longer the case, I don’t care if I bought it at 60 and it’s 50. I have no emotion whatsoever.” “There’s resistance at certain prices because a bunch of people bought at 60, it went down, and they’ve been waiting 3 or 4 years for it to get back. Meanwhile they could’ve been in something else going up the whole time.” His friends and fellow investors say he’s “entirely unemotional.” His response: “Yes. I’m told that’s true.” Is that the key to his success? “I think it’s a big part of it. Being open-minded and having humility. The only reason you can change your mind is if you’re not arrogant about a position.”
WOLF288,794 görüntüleme • 5 ay önce
RAY DALIO JUST SAID HE THINKS THE AI BUBBLE IS GOING TO POP On Bloomberg, he laid out exactly when, why, and how he sees it happening. He also compared the current market to two specific years: "We are right now rising closer to, not at, the same level in 2000 and the same level in 1929, a specific level where you say, oh no, here's the one that we really need to worry about." On all tech revolutions: "All great technology changes produce bubbles. And the reason they produce bubbles is because nobody can get it exactly right." On the mechanism that pops bubbles: "There's a bubble, and then there's the pricking of the bubble. The pricking of the bubble happens when there's a need for wealth to be sold to get the money." On the wealth gap that comes with it: "A very small percentage of the population is going to do unbelievably and a lot of people won't." On a political solution: "I'm not optimistic on us working together to solve." He says the technology is real. The prices and the debt are the problem.
WOLF183,702 görüntüleme • 3 ay önce
DAN NILES SAYS MONEY IS COMING OUT OF MICRON -SK Hynix trades 20-30% cheaper than $MU and got high bandwidth memory running first -Expects money to rotate out of $MU and $SNDK now that US investors finally have a third way to play memory -Says the AI buildout money looks infinite right now, but "money is not infinite" Dan Niles
WOLF88,661 görüntüleme • 1 ay önce
PAUL TUDOR JONES WENT ON LIVE TV DURING THE 1987 CRASH AND CALLED EXACTLY WHAT WAS HAPPENING The Dow dropped 22% in a single day. The NYSE tape was delayed over 2 hours. Wall Street was in full panic. Jones had been trading it for two weeks. “The market is doing exactly what it always does: fooling 99.9% of people. Wall Street was uniformly unprepared for this magnitude of a drop. And of course that’s why you got it, because that is the nature of the market.” His advice to investors that day: “Everyone needs to get their house in order. Be prudent. Be conservative. Cut back on whatever speculative investments they have. The next few years will be a period of preservation.” He predicted the crash. He traded it. Then he went on TV and told everyone exactly what to do next.
WOLF236,462 görüntüleme • 5 ay önce
Stanley Druckenmiller says, “Invest, then investigate.” “I didn’t know that much about Nvidia. I just knew AI. So we bought it, then did the work.” “If I wait 2-3 months to analyze, I’ve missed the big part of the move. Then I’m psychologically paralyzed.” “It’s hard to buy a stock at 160 when you saw it at 100, even if it’s going to 400.”
WOLF309,423 görüntüleme • 6 ay önce