Living the dream. Anchored off Sicily coast in late summer. Storm sinks you in early morning. Dead.
15 people rescued, including 1 year old girl.
6 dead. 5 found in sunken boat.
184ft $35m yacht.
165 ft deep. In tact.

Investments and Markets

Netflix!

Mag 7:

I can’t think of a reason to bet against any of these?
Apple: all i use
Microsoft: embedded in every corporation (redwood).
Nvidia: Years ahead of competition.
Meta: Open source AI.
Google: Break it up! Worth more!
Amazon: Only place I buy from.
Tesla: Robot in my kitchen prepping my coffee and other beverages. (10 years).
- Ford has said its EV business is on pace to lose about $5 billion this year. In the three-month period ended in June, the automaker lost about $44,000 on every electric vehicle that it sold.
- is canceling plans for a large electric sport-utility vehicle and expects to take $1.9 billion in related special charges and write-downs, as automakers continue adjusting their EV plans because of softer-than-expected demand.

The AI Race:

Politics and Govt Policy

Policies. Friedberg on Price fixing: https://www.youtube.com/watch?v=xA5B6quoahY
- 1:06:35
Biggest problem with both parties is excessive spending to please big money backers and constituents.
- Milton Friedman on spending: Nobel Prize-winning economist: https://x.com/icannot_enough/status/1824411533671080335?s=51&t=YUkdoBz4yNifBaQlQUp3-g
Where is Kamala.
Obama at DMC speech. Pretty dynamic.
Trump on Theo Von vs Trump on X-spaces with Elon. All in Podcast
- Talked a lot about drugs and alcohol.
- Trump has never smoked or drank alcohol. Pretty remarkable. Brotherly advice (me on the otherhand…)

Saving for your kids:

Retirement Strategies:

My simplest rule is $5m. Why? Most people can live pretty good on that. 5% return, $250k/year.
Age 45 have $1m. Double in 7 and again 7: at 60 you’re at $4m.
Very stressful when you don’t have an income.

Recommendations: