- The Rollup
- Rollup #94
Presidential cycles and investing
Noteworthy quote ✒️
This Rollup is sponsored by 💡
Delta is my favorite app for tracking all my investment positions 📈 I’ve been using Delta for years so I was pretty excited when they wanted to sponsor this newsletter.
Thanks to Delta, all your stocks, crypto or other investment data is available instantly in one single dashboard. Delta also helps you analyze your data so you can make smarter decisions as an investor.
I’ve been happy with Delta for years now and I think you’ll love it too 🤙
Install Delta for free for your Android or iPhone.
Worth checking out 🔍
Why presidential cycle theories shouldn’t guide your investing.
Big VC funds are underperforming smaller ones and their future is dim.
Top 100 most expensive US zip codes.
Why the bull market doesn’t depend on rate cuts.
The wealth of five richest men has doubled since 2020.
Why a Bitcoin ETF doesn’t really matter.
Transcript of a recent interview with Dave Rosenberg: “Now Is a Good Time to Take Profits and Thank Your Lucky Stars.”
Noteworthy Chart 🧭
Best articles 📖
GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models - This is a free 43-page research report co-authored by several OpenAI employees. It’s their attempt to quantify what effect LLMs like ChatGPT could have on the labor market.
In my personal experience, I use an AI tool almost every day. However, almost exclusively for tasks that I wasn’t paying anyone for anyways. So AI just makes me more productive. I’m not sure how my experience will play out across the economy at large though.
Does Private Credit Really Reduce Systemic Risk? - Asking the question, how much does private credit protect against risk? The obvious benefit of private credit being that deposits cannot be withdrawn at a moment’s notice.
Noteworthy Tweet 🪶
$1.5 trillion AUM institution out here memeing today.
— Lyn Alden (@LynAldenContact)
Jan 17, 2024
Best of YouTube 🎬
Arjun Murti - "We're in the midst of a MESSY energy transition"
Summarized in a sentence: don’t trust the mainstream narrative around the “energy transition.” A country’s prosperity depends in large part on its access to cheap energy, and wind/solar cannot provide anything close to what oil/gas/nuclear offer. Once energy shortages begin things could turn ugly.
U.S. Treasury Market Continues To Dictate Dollar Liquidity Policies
Luke Gromen was on Palisades Gold Radio to explain why he thinks the US is essentially insolvent. Interest payments on the debt could exceed $1 trillion this year, and the US cannot afford it.
My favorite off topic video 🍿
Velma is arguably one of the worst television shows ever produced. I wouldn’t watch it in ten-thousand lifetimes, but I gladly watched The Little Platoon tear it apart with his quick wit and delicious English accent.
What else to read (sponsored) 📕
Do you like Tim Ferriss’s podcast? Then you’ll love his weekly newsletter: 5-Bullet Friday. It’s a rundown of five products, books, podcasts, etc. That Tim likes. I’m subscribed myself and I’ve discovered some really interesting Christmas gifts for my family thanks to Tim.
Best AI image 🏆
The universe after ours