To The Moon

Although there is a tentative agreement between President Biden and Speaker of the House McCarthy, it must still be ratified by Congress next Wednesday. The problem is that the Republican party does not exactly speak with one voice. Fifteen rounds were needed just to elect McCarthy speaker of the house. Already 78 times the debt ceiling of the United States has been raised. The U.S. Constitution states that only the U.S. Congress may determine how much the U.S. government can borrow. Therefore, until 1917, every U.S. government loan had to be approved by Congress, but since the Second Liberty Bond Act of 1917, only the maximum size of the debt is set by Congress. If the president and Congress are of the same colour, an increase is a hammerlock. Similarly, when there is a Republican preside

I have posted about Artificial Intelligence (AI) yesterday - Too Late To Buy Artificial Intelligence Stock / ETF? It is US market’s “flavour of the month” afterall. In the post, I have shared a non-US pedigree stock, AI of course! If you haven’t read it yet, feel free to click on above blue-link. Give a “LIKE” after ok. Tks! The funny thing is, I was still thinking about the topic after. Reason being: When it comes to investing in stocks, the inherent (1) risks and (2) challenges come with the territory. A stock could be subjected to: High volatility. Stiff competition. Compliance & Regulation. Ethical challenge/s. So, how do I “participate” in AI-related investment and yet able to “mitigate” abovementioned risks? My T

The latest regulatory filings reveal that from May 16th to May 18th, Berkshire Hathaway purchased an additional 3.46 million shares of Occidental Petroleum at prices ranging from $58.11 to $58.66 per share, amounting to a total investment of approximately $201 million.In fact, Berkshire Hathaway has been gradually increasing its holdings of Occidental Petroleum since early 2022. During a recent Berkshire Hathaway shareholders' meeting, Buffett stated, "We really like the resources, industry position, and technical capabilities of Occidental Petroleum in the Permian Basin. They have a lot of excellent oil wells and have done a lot of beneficial things. It's a completely different kind of oil business." Buffett's optimism about the resources in the Permian Basin stems from the company's acqu