- The Rollup
- Rollup #84
The activist has left Exxon
Noteworthy insider trade 🚨
Jeffrey Ubben is shutting down his Inclusive Capital Partners business. As part of the closure he recently sold 2,077,000 shares of Exxon worth $216 million.
Source: SEC Filing #1
Noteworthy quote ✒️
This Rollup is sponsored by 💡
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Worth checking out 🔍
How Portugal ran on 100% renewable energy for six days straight.
Morgan Housel explains how world-class performers think differently than the average person.
A book review of Walter Isaacson’s biography of Elon Musk.
Why the Cybertruck is dumb. This isn’t a hit piece, it’s a list of structural/engineering reasons why the truck is flawed.
The college degrees of the world's richest people, mapped.
The largest inflows into crypto in the past two years.
Noteworthy Chart 🧭
American oil production just hit a new record of 13.2 million barrels per day
Best articles 📖
Will home prices drop in 2023 and 2024? - According to this article home prices are actually increasing! Prices bottomed in January and have been on the climb ever since. But as we look to the future, what’s going to happen next year in the housing market?
On a personal note, my father owns an upscale home-building company and he says that they’re already fully booked through to the end of 2024. I found that very interesting, given the gloomy narratives surrounding the housing market.
Bone-Chilling - An article about nat gas. Robert Bryce claims that last year the northeastern United States narrowly avoided an energy disaster that could have killed thousands. How a reliable natural gas grid is an essential part of keeping people warm and safe during the depths of winter.
They're Hiding the Silent Depression That Did Happen - Jeffrey Snider pens an article explaining how so many government intervention policies have failed, yet that never stops our financial overlords from trying one more time.
Noteworthy Tweet 🪶
what opinion will you defend like this?
— Hunter ✧ (@huntercantmiss)
Nov 30, 2023
Best of YouTube 🎬
Twitter is Going Bankrupt!
I think the title for this video is slightly misleading. A better title might be “Is Twitter going to go bankrupt?” Patrick Boyle explains how Twitter earns nearly 100% of its revenue from advertising and big businesses are pulling their ads left and right. Can Twitter survive?
My favorite off topic video 🍿
Have you seen that insane sphere in Las Vegas? This video explains how it was built, how it makes money, and why it totally lives up to the hype.
Best AI image 🏆
Standing out subtly
👋 Do you like this newsletter? In addition to the Rollup I also write a long form article each week on Substack. I write about investing, the strange state of our society, plus lots of interesting book reviews.
That being said, this week’s article is totally off topic. I consider whether it’s possible to run a marathon on 3 months of training… The marathon in question just happened 12 hours ago, are you curious to see how it went? 👇