Life
Yoga life.

• College admissions:
• Tulane:
  • Tuition and Fees: $69k
  • Housing: $11k.
  • Meals: $8k
  • Books: $1k
  • Total: $88,000. * 4 = $352,000
• Wow. College can be very expensive!

Diddy

https://youtu.be/NKMtZm2YuBE?si=irc0uxpLLHbHpBjE&t=53

What’s up with Diddy?

• His fashion label, Sean John. Not a bad name
• The rapper is “going to fight this with all of his energy and all of his might,” and during a court hearing argued that the so-called freak-offs — marathon sexual productions that prosecutors say involved hired sex workers and women coerced to perform sexual acts for the gratification of Combs and others — were consensual, if unconventional. “Is it sex trafficking?” he asked in court last week. “No, not if everybody wants to be there.”
• Lot’s of tapes recordings. So be careful if you go to a sex party. Know you’re getting recorded. Be cool with it.
• authorities say they seized “more than 1,000 bottles of baby oil and lubricant

Any similarities to Epstein here?

Markets

Everything is up. S&P 500 up 20% YTD.

As a reminder: 10%: Double in 7 years. 7% double in 10 years.

What is PE or Price to Earnings? PE definition and explanation

• When you make an investment and pay cash you’re looking to receive more cash ultimately than you put in.
• Price to Earnings Ratio.
  • Value of company; i.e. Market Cap. Divided by Earnings (12 months).
  • Example:
    • Company is valued at $100m. Earns $5m per year. PE = 20.
    • Could think of it as 20 years to get your money back thru earnings.

Cape Ratio

Cape Ratio (like PE) average of top 500 US Companies since 1950 is about 20. Now it is at 35. Seems high right? Don't be surprised if there is a 10-20% correction in next 6-12 months.

NY Mayor

Didn’t toe the line and he is paying the price.

Eric Adams indicted.

Bill Ackman explains.

Eric Speech

FAA Hates SpaceX

• Rep. Kiley Questions FAA Administrator Michael Whitaker at T&I Committee Hearing
• SpaceX letter refuting everything the FAA administrator said.
• Let them launch for crying out loud.

Tesla Stock Booming
I somehow got invited to Tesla AI event!?

Meta

Orion Glasses

Netflix

All time high. Still the best pure streaming play.

Southwest

• No more open seating and adding premium seating!

Recommendations:

• Instigators on Apple TV
• Chamath on Joe Rogan.