Wednesday, September 20, 2023

Interviews with Lee Ainslie, Chris Mayer, and Stanley Druckenmiller; FTX Sues Sam Bankman-Fried's Parents to Recover 'Misappropriated Funds'; Charity poker tournament

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

Why a Soft Landing Could Prove Elusive; The Fed Isn't Getting the Economy It Expected; How Rich Are American Households?; Scott Galloway is bullish on America; Dr. Tom Catena, 'He's Jesus Christ'

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 […]

Friday, September 15, 2023

My interview; 11 WTF Moments From the New Biography 'Elon Musk'; The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend; A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That; Give Ukraine ATACMS

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

'Steady as she goes' inflation report; Real household income fell 2020-2022; Amateurs Pile Into 24-Hour Options; VinFast's Rise and Fall Burns Investors in Familiar SPAC Pattern; EV scams; Adding 10 Healthy Years to Your Life

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

As Smartphone Industry Sputters, the iPhone Expands Its Dominance; Buffett's success with Apple and my failure; No other investor has a life story quite as unbelievable as Li Lu; Treasury Bills Yielding 5% Are a Big Hit With Retail Investors; My daughter at Victoria Falls

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

The two ways to learn; My upcoming book, The Rise and Fall of Kase Capital; Learning from others, especially Buffett and Munger

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

My experiences buying phone and life insurance; Amazon and Netflix blasts from the past; Pressuring my daughters to give me grandchildren

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

Interviews with Bill Ackman and his wife, Neri Oxman; Charlie Bilello's Week in Charts; 'I'm OK, but Things Are Terrible'; Bonnie Carroll came to visit; A Russian yelled at me

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

When investing, set your politics aside; The benefits of dollar-cost averaging; Bosses mean it this time: Return to the office or get a new job!; New York Times history quiz

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 […]

Tuesday, September 5, 2023

Tributes to both Buffetts; U.S. Open

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

The Real Story of Musk's Twitter Takeover; Tingo Forges Ahead With Its Brazen Scam; Secret paper trail reveals hidden Adani investors; Full report of my climb for KIPP of Mount Shuksan

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 […]