America gov. bond market is becoming like Japan. More and more domestic holders of the debt. $Direxion Daily 20 Year Plus Treasury Bear 3x Shares(TMV)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ Image
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Currenc to merge Animoca Brands, forming AI-Web3 fintech giant
$CURRENC Group Inc(CURR)$ (“Currenc” or the “Company”), a fintech pioneer providing artificial intelligence (AI) solutions to financial institutions worldwide, today announced that it has entered into a non-binding term sheet (“Term Sheet”) with Animoca Brands Corporation Limited (“Animoca Brands”) for a proposed reverse takeover of all issued shares of Animoca Brands (“Proposed Acquisition”).A Vast Web3 PortfolioAnimoca has established a broad business presence in crypto gaming, NFTs, and blockchain infrastructure. As of September 30, the company had 628 active investments in gaming, sports, digital art, and the metaverse. Its portfolio includes major cryptocurrencies such as Bitcoin, Ethereum, and Solana, as well as its proprietary token, MOCA.
Currenc to merge Animoca Brands, forming AI-Web3 fintech giant
09 American Cuisine When in Omaha, be sure to try the famous steaks. Buffett often dines at Gorat's Steak House on Sunday evenings after the annual meeting. If reservations are not made in advance, it is usually possible to get a table by waiting in line at the restaurant. Enjoying country music while savoring steak and wine is a delightful experience. www.goratsomaha.com 4917 Center St, Omaha, NE 68106 (402) 551-3733. (Buffett's favorite steakhouse, Gorat's) The author also highly recommends the following two steakhouses: Sullivan’s Steakhouse: Named after the famous American boxer, located at 222 S 15th Street, Suite 152 S., Omaha, NE 68102. 801 Chophouse at the Paxton: Voted the best steakhouse in Omaha and the best place to enjoy a tomahawk steak. Located at 1403 Farnam St, Omaha, NE 6
@KevinChenNYC:2025 Buffett's 60th Anniversary Diamond Shareholders' Meeting Guide
07 Other Places to Visit Omaha Durham Museum: Located at 801 S 10th St, Omaha, NE 68108, about a 10-minute walk from the conference venue. The museum, formerly a train station, is the midpoint of the Transcontinental Railroad that connected the eastern and western United States. It features exhibitions on the American Midwest and a replica of the grocery store operated by Buffett's grandfather Ernest a century ago. Strategic Air Command & Space Museum: Located at 28210 West Park Highway, Ashland, NE 68003. As the geographical center of the United States and a strategic rear area, Omaha is home to the Strategic Air Command headquarters. The nearby Strategic Air Command & Space Museum is open to the public and offers discounted admission for attendees of the Berkshire shareholders' m
@KevinChenNYC:2025 Buffett's 60th Anniversary Diamond Shareholders' Meeting Guide
05 Other Company Activities During the Conference Every year during the conference, numerous companies and institutions organize forums, networking dinners, and visits. Some notable events include the Asia Investors Summit, the China-U.S. Venture Capital Summit, the Value Investing Dinner hosted by Columbia Business School (the birthplace of value investing and Buffett's alma mater), welcome events by the Omaha Chamber of Commerce and the Nebraska state government, dinners hosted by tech companies like $Microsoft(MSFT)$ , cocktail parties organized by Chinese and American media such as $TENCENT(00700)$ , sina, and Yahoo Finance, the value investing conference hosted by Peking University alumni and Chines
@KevinChenNYC:2025 Buffett's 60th Anniversary Diamond Shareholders' Meeting Guide
2025 Buffett's 60th Anniversary Diamond Shareholders' Meeting Guide
(See You in Omaha During the May Day Holiday)This year marks the 60th anniversary of Buffett's acquisition of Berkshire Hathaway, which should be an extremely significant annual meeting. A marriage of 60 years is referred to as a "diamond wedding," a level higher than the 50th-anniversary "golden wedding." The vast majority of corporate management teams are unlikely to successfully manage a company for several decades.Therefore, the annual $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ shareholders' meeting in 2025 should be the ultimate feast for global value investors. This year's meeting will, as in previous years, be held on the first Saturday in May (May 3) in Omaha, a midwestern U.S. ci
2025 Buffett's 60th Anniversary Diamond Shareholders' Meeting Guide
America gov. bond market is becoming like Japan.
America gov. bond market is becoming like Japan.
KevinChen:Top 10 Global Financial Market Predictions for 2025
As the year 2024 draws to a close, the global financial market has faced significant challenges and considerable development. At this time of year-end review, I hope to reflect on last year's predictions and provide a framework for global investment in 2025 for discussion and criticism.I remember that more than twenty years ago, when I graduated from the University of Lausanne with a Ph.D. and joined Morgan Stanley on Wall Street, I would learn from the Chief US Economist, Byron Wien, about his top ten global economic predictions for the following year. The intellectual sparring between him and the then Chief Economist, Steven Roach, on macroeconomic issues was immensely beneficial to us.In recent years, major institutions in the United States have been promoting young people, including ma
KevinChen:Top 10 Global Financial Market Predictions for 2025
The core of this year's US election is Sweep! To win big!
I attended the $BlackRock(BLK)$ Private Equity Summit today, which was quite rewarding. Blackstone's chief economist believes that the Fed's rate cuts will be less frequent and smaller than expected, and that inflation is likely to restart next year, with a new round of rate hikes beginning in October 25.The core of this year's US election is Sweep! To win big! Neither side wants to just win the White House, not a small win but a big win, and both sides are shouting to sweep the White House and Congress!Doing well on the fiscal front is critical. Neither Trump nor Harris has prioritized fiscal discipline, and the US federal deficit is likely to remain around $2.0 trillion per year for the next few years. Whether the deficit situation can be changed
The core of this year's US election is Sweep! To win big!
The Federal Reserve is likely to Change its Policy at the November Meeting
The recent U.S. macroeconomic data is so strong that the Federal Reserve regrets cutting interest rates. [Cute]The latest retail sales data for September and the first two weeks of October show that, driven by solid employment growth, strong wage growth, and high stock and housing prices, U.S. consumers continue to perform well. #KaiFeng Fundamentals#The Atlanta Fed's GDP forecast for the third quarter is currently 3.4%, with the bottom line being that economic expansion continues.Why are the upcoming data so strong? Because the factors favorable to the economy are increasing:The Federal Reserve is dovish.High stock prices, high housing prices, and tight credit spreads.Open public and private financing markets.The CHIPS Act, IRA, Infrastructure Act, and defense spending continue to support
The Federal Reserve is likely to Change its Policy at the November Meeting
$SE break new 52w high! Let's gooo!
$Sea Ltd(SE)$ attract my eyes agian.$Sea Ltd(SE)$ stage 2 breakout on deck. 1.5B stock, I like it when it moves.Image $Sea Ltd(SE)$ is transforming the business successfully into a cash flow machine, proving its gaming franchise is evergreen, cementing its e-commerce dominance, and growing its fintech at 20%+ durably. At a $2B free cash flow run rate and a $9B cash pile, the stock is priced for more upside at 21x FCF.Cite from Riyado Sofian: “At $77, rate cuts, Free Fire India relaunch, and margin expansion due to products like advertising, have not been priced in. Trading at only 3x its Revenue, SE stock still has plenty of upside.”- Diversification - Exposure to Asia
$SE break new 52w high! Let's gooo!
US Jackson Hole Preview: Turning Point Anticipated
We expect Federal Reserve Chairman Powell to hint that upcoming data supports the FOMC to begin policy normalization as soon as possible, which almost solidifies the expectation of a rate cut in September. Although we believe Powell won't rule out the possibility of a 50 basis point rate cut in September, he might downplay concerns about the Fed being behind the curve or the U.S. economy deteriorating rapidly. Our base forecast remains a 25 basis point cut. We anticipate that by the end of the year, the Fed will have accumulated a 50 basis point rate cut. However, the risks to this view are becoming more one-sided, with more evident weakness in the labor market potentially challenging the Fed's employment mandate, necessitating further easing.🚶♂️ Step Back Before the Rate Cut: Following t
US Jackson Hole Preview: Turning Point Anticipated
Massive retreat of short #Yen trade. Very typical global risk off.Image
Berkshire Hathaway has reduced its stake in BYD to less than 5%
Warren Buffett's $Berkshire Hathaway(BRK.B)$ has reduced its stake in $BYD Co., Ltd.(BYDDY)$ to less than 5%.The Chinese electric vehicle manufacturer's sales volume has increased by 28%, but domestic price competition poses risks. $BYD Co., Ltd.(BYDDY)$ 's new car sales from January to June increased by 28% year-on-year, reaching 1.61 million units.Guangzhou - According to a document submitted to the Hong Kong Stock Exchange on Monday, Warren Buffett-led Berkshire Hathaway has sold more shares of the Chinese electric vehicle giant BYD. The American investment company has gradually reduced its holdings from about 20% to less than 5%. Berkshire sold 1,395,500 s
Berkshire Hathaway has reduced its stake in BYD to less than 5%
Feelings of Omaha/2024 Buffett Shareholders Meeting/Value Investment
This year is the fastest time I have run in the "Invest in Yourself 5K" for more than ten years, and I finished the run in 30 minutes! It is also the year with the greatest gains in participating in the shareholders' meeting in more than ten years. $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ 1. I met so many new and old friends. Our Omaha Value Investment Center/China-US Venture Capital Forum has been held for the ninth year. Professor Shi Yong [good], Tencent, Sina organized Chinese investors' cocktail reception, CFA Association, Value X BRK and other various cocktail receptions and dinners are all super great!2. Mr. Buffett is still vigorous. This year, we had a marathon-like exchange for
Feelings of Omaha/2024 Buffett Shareholders Meeting/Value Investment
Greetings from #Omaha … any other #Buffett groupies here?
Greetings from #Omaha … any other #Buffett groupies here? $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ #Berkshire annual meeting!#Omaha #Valueinvesting It’s raining a lot in Omaha, almost like Dubai now, too much rain… #Flood#warrenbuffett $Berkshire Hathaway(BRK.B)$ CFA society in Omaha! Great gathering about why not to invest in #Bitcoin
Greetings from #Omaha … any other #Buffett groupies here?
Why is the Fed not cutting rates & talking about hiking them this year?(3)
4.Outlook for the Next Steps"Currently, the US economy faces both short-term and long-term challenges. In the short term, inflation in energy, food, real estate, and the service industry continues to rise. The Federal Reserve certainly cannot cut interest rates now, and the earliest possibility would be in June. This year is also an election year in the United States. According to convention, with the election scheduled for early November, the Fed can only stay put in September and October, regardless of whether it's cutting or maintaining interest rates. Any changes in monetary policy during the two months before the election will be labeled as "politicizing monetary policy." As an independent institution authorized by the US Congress, the Fed will never be dragged into political turmoil.
Why is the Fed not cutting rates & talking about hiking them this year?(2)
2."Is US Inflation Making a Comeback?"Certainly, the biggest variable regarding interest rate cuts is inflation. This year's inflation data has put the Federal Reserve in a somewhat awkward position. Firstly, energy prices have been steadily rising. Crude oil prices have reached $86, noticeably impacting Americans at the gas station.Gold prices have recently surged, breaking the $2300 mark and hitting historic highs, signaling market expectations of further inflation. While the Fed may attribute the rise in oil prices to Middle East tensions, financial markets find this hard to accept. Looking at the real estate market, the overall US housing market price index has risen by about 4% this year, and rents have increased. Consequently, the equivalent rent weight within the CPI is bound to con
Why is the Fed not cutting rates & talking about hiking them this year?(2)
Why is the Fed not cutting rates and talking about hiking them this year?(1)
Now it's early April, and the eagerly anticipated interest rate cut from the Federal Reserve, has yet to materialize. There have even been recent remarks from Fed officials suggesting the possibility of raising interest rates. In light of this, let's delve into some in-depth interpretation and analysis.One can reflect on the various optimistic statements in the financial markets since October last year. At that time, analysts from Goldman Sachs predicted that the Federal Reserve would begin an interest rate cut cycle in January of this year. While the consensus on Wall Street wasn't as extreme, there was also a belief that the Fed would initiate an interest rate cut cycle in March of this year.So why hasn't the Federal Open Market Committee (FOMC) acted to cut interest rates yet?1. Recentl
Why is the Fed not cutting rates and talking about hiking them this year?(1)
Global Commercial property transactions collapse: Real estate is no longer a gold asset
Commercial property owners have thrived in a world of cheap debt, which has made real estate investments relatively attractive. But as interest rates rose, this high led to a predictable reckoning:"The scale of the cyclical resetting in property valuations is as big as the early 1990s or the global financial crisis," said Alex Knapp, chief investment officer for Europe at Hines, a $100 billion global private real estate investor. "This is a big one, if that wasn’t obvious." Many property owners are saddled with unrealized losses. Tom Leahy, executive director at MSCI Research, estimated in September that about 50% of commercial real estate assets in London are now worth less than what they were bought for. New York is doing relatively well, with only one in five in the red, but many office
Global Commercial property transactions collapse: Real estate is no longer a gold asset
My Top 10 Predictions for Global Financial Markets in 2024
In 2023, all kinds of financial products on a global scale have undergone tremendous challenges. We have also seen many unprecedented financial phenomena. This requires us, as a cross-border financial institution, to carefully observe and meditate. It seems like only yesterday that I was writing about the top ten predictions for 2023, but the year has passed quickly.I remember when I first joined Morgan Stanley to work on Wall Street after graduating with a Ph.D. from the University of Lausanne in Switzerland over two decades ago. Each year-end, we would study the top ten global economic predictions for the coming year by the company's Chief US Economist, Byron Wien. The debates between him and Steven Roach, Morgan Stanley's Chief Economist at the time, on macroeconomic topics were immense
My Top 10 Predictions for Global Financial Markets in 2024
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