UPDATE: Despite these amazing results Monday, Palantir stock got hammered today (Wednesday), dropping over 11%. Another sign that for the moment the market psyche towards technology stocks has soured Palantir is an amazing company with the idiosyncratic Alex Karp as their CEO. The Rule of 40 is used to value software and Saas (software as … Read more
Good thing he’s Treasury Secretary. Very worth watching the whole interview. Killler line at about 2 minutes – “Since 1980 the US has spent 22 trillion dollars more on defense than the entire rest of NATO has.”
Friedman is skeptical that Venezuelan oil can be restarted without a change of regime, which he thinks will require boots on the ground. But see the NYT article below the video. Venezuela is not Libya and the new leader – Delcy Rodriguez – is super-ambitious and if it’s in her self interest to suddenly become … Read more
It seems that my skepticism about tariffs was misplaced. The U.S. economy grew at a vigorous pace through the end of September, despite the uncertainty created by tariffs and widespread concerns about affordability among households. Economic growth rose at a 4.3 percent annual rate in the third quarter, the Commerce Department reported Tuesday, an acceleration … Read more
If you want top quality healthcare – you can’t get it without someone paying – a lot. The cost goes up every year as more and more procedures and meds are developed. And professional staff is expensive – I have a young ICU nurse client in a major Westchester hospital. Not counting benefits her salary … Read more
These videos are triggered by the fact that the current CEO of Walmart (who started stocking shelves in 1983) is retiring after a successful 11 year run. Walmart takes care of their employees and they are very loyal. That’s the first video – 7 minutes long. The second is how the Founder Sam Walton’s three … Read more
And has doubled the S & P over past five years. It’s all about AI and quantum computing.
Karp (I love the guy) defends Palantir and their government contracts and their support for Ukraine and Israel. His rapid fire speechifying goes for less then 4 minutes. Below the video is a simplified explanation of what Palantir does. The explanation of Palantir’s mission is from Perplexity AI. The question I asked perplexity is in … Read more
This was part of the so called “Big Beautiful Bill”. And it is/was a great idea. Michael and Susan Dell plan to donate $6.25 billion to 25 million children for savings accounts. The founder of Dell Technologies and his wife will provide $250 for children age 10 or under who were born before Jan. 1, … Read more