Wednesday, September 20, 2023
By Whitney Tilson
1) Today, I'd like to highlight recent interviews with three great investors I admire that I enjoyed and learned from... Let's start with Patrick O'Shaughnessy's interview of my old friend Lee Ainslie, the founder of hedge Maverick Capital. Summary: Lee started his investing career at Tiger Management where he worked for Julian Robertson. In 1993, […]
Tuesday, September 19, 2023
By Whitney Tilson
1) Here are two articles in today's Wall Street Journal about what the Fed is likely to do... First, on the front page, is this story: Why a Soft Landing Could Prove Elusive. Excerpt: On the eve of recessions in 1990, 2001, and 2007, many Wall Street economists proclaimed the U.S. was on the cusp […]
Monday, September 18, 2023
By Whitney Tilson
1) In Friday's e-mail, I wrote this about Walter Isaacson's new book, Elon Musk, which I was halfway through: Trust me, whether you love Musk or hate him (there appears to be nobody in between), read – or listen – to the book. Like its subject, it's endlessly fascinating, inspiring, and infuriating... Over the weekend, […]
Friday, September 15, 2023
By Whitney Tilson
1) I just did a 30-minute interview with Money Life With Chuck Jaffe, which you can listen to here. Summary: Whitney Tilson, founder and chief executive officer at Empire Financial Research, says he expects the market to be flat to slightly up for the remainder of 2023 – gaining about 5% on top of the […]
Thursday, September 14, 2023
By Whitney Tilson
1) I'd summarize yesterday's inflation report for August as "steady as she goes"... While the headline on the front page of today's Wall Street Journal, Increase in Pump Prices Boosts Inflation, sounds scary, in reality core prices – excluding volatile food and energy items – only rose 0.3% from the previous month and 4.4% year […]
Wednesday, September 13, 2023
By Whitney Tilson
1) In yesterday's e-mail, I shared the story of how one of the main reasons I was able to achieve so much success in the investment business (before ultimately screwing it up), despite not having "the requisite personal experience or learning from others," was that I did my best to learn from great investors like […]
Tuesday, September 12, 2023
By Whitney Tilson
Broadly speaking, there are only two ways to learn things: personal experience or learning from others. While doing things yourself is generally the most effective way to learn, it can also be the most costly – witness the calamitous results when people (generally overconfident men) try to invest, start a business, ski down a triple-black-diamond […]
Monday, September 11, 2023
By Whitney Tilson
1) Empire Partner Michael C. recently sent in this e-mail: Besides investment advice and education, what with your book on playing defense to be successful in life and your newsletters, you are like a money matter coach and even a life coach. I don't believe you have ever touched on this topic. Curious to hear […]
Friday, September 8, 2023
By Whitney Tilson
1) My friend Julia La Roche recently interviewed my college buddy Bill Ackman of Pershing Square Capital Management... You can stream it on your favorite podcast app or watch it on YouTube here: Bill Ackman On Activist Investing, The Economy, and Learning From Mistakes. Here's a summary and index: Billionaire investor Bill Ackman, CEO of […]
Thursday, September 7, 2023
By Whitney Tilson
1) A hat tip to my colleague Enrique Abeyta for reposting this tweet... It shows how a $1,000 investment in the S&P 500 would have done over the past 70 years had it been invested only when a Republican versus a Democrat was president – versus being fully invested the entire time. As you can […]
Wednesday, September 6, 2023
By Whitney Tilson
1) Regular readers will note that I often include tweets by Liz Ann Sonders, the chief investment strategist for Charles Schwab (SCHW), because she's one of my top resources for unbiased, insightful data and information about the economy and stock market. I noted with interest Sonders' announcement that she and her team are "launching a […]
Tuesday, September 5, 2023
By Whitney Tilson
1) It was Warren Buffett's 93rd birthday last Wednesday! It's truly amazing that he's still going strong, both mentally and physically, at such an advanced age. To celebrate it, I've been collecting a number of Buffett-/Berkshire-related things... Here's a tweet with 93 of his greatest quotes, with a 73-minute video at the end of one […]
Friday, September 1, 2023
By Whitney Tilson
1) Following up on yesterday's e-mail about Elon Musk, the Wall Street Journal just published an extended excerpt from the forthcoming biography about him, Elon Musk: The Real Story of Musk's Twitter Takeover. Excerpt: In April 2022, things were going surprisingly well for Elon Musk. Tesla stock had risen 15-fold in five years, making it […]
