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Did You Know?
A million seconds is equal to 11.5 Days
A billion seconds is equal to about 32 years
A trillion seconds is equal to 32,000 year
Did You Know?
More than 80% of new California properties are in high fire-risk areas
Did You Know?
Blackrock CEO Larry Fink Gave His 'Diagnosis' Of Retirement Crisis: Rely On Social Security Alone And 'You're Going To Be Living In Poverty'
According to Fink, the crux of the issue is that the entire retirement system is outdated. "Most Americans retired between 60 and 62 then, but most Americans passed away at 67," he explained. "Today, statistically, a couple 60 years old in good health – one of them is going to live over 90." With people living decades longer, retirement savings must stretch further, yet most aren't prepared. Advances in medicine compound this longevity crisis. "The miracles of technology ... are extending life," Fink said, referencing breakthroughs in treatments for heart disease, kidney disease and even dementia. But while medicine is evolving, financial planning isn't keeping up. "There is not a dialogue in America ... about can we afford that longevity?" (Finance Yahoo)
Did You Know?
The 100-year-old family-owned Rosemary Farm in Santa Maria said it's working with the Los Angeles Regional Food Bank and the nonprofit Gather For Good to get some 270,000 eggs to residents who lost homes in the Eaton and Palisades fires. In addition, nearly 55,000 eggs will go to firefighters and other first responders, according to a statement from the farm. (Finance Yahoo)
Some great Steve Jobs lessons:
- Debate Until You Appreciate.
- Challenge Ideas, Not People.
- Humility to Pivot.
- Solid Arguments Win Deals.
- It’s About What’s Right, Not Who’s Right.
Did You Know?
When we look back we can learn, if we are honest. In retrospect, the FED was probably the biggest driver of inflation in that it responded by raising super-low rates too late, and then too rapidly as a response to increasing threats such as the Russia-Ukraine War and bank failures. Fed officials also embraced an “aggressive interpretation” of maximum employment, which kept them from raising rates in 2021 when inflation began accelerating. Had they raised rates faster, the economy would have cooled. But it may also have resulted in higher unemployment, which is not exactly cheap: In 2023, the regular unemployment insurance program paid out $32.7 billion in benefits. Fed Chief Pwell was appointed in 2018 and renewed in 2022. (BLOOMBERG)
Did You Know?
California’s FAIR Plan said it didn’t have enough money to cover claims from the recent Los Angeles wildfires. The plan, which insures people who can’t obtain coverage from private insurers, has doubled in size in the past four years to cover more than 450,000 homes. It faces possible exposure of $4 billion for the Palisades Fire and $775 million for the Eaton Fire but had just $700 million in cash when the fires began and a $900 million deductible on its $2.6 billion reinsurance policy.
Did You Know?
There are over 250,000 home listings on the market in Florida and Texas.....that is close to 30% of all US home inventory. Maybe a good time to explore buying?
Did You Know?
Private school tuition in the U.S. has surged to nearly $50,000 annually, a 7% jump from 2024, the biggest increase in over a decade. Average boarding school tuition is now $73,000/year. For context, median US household income is about $80,000. Higher education has long operated like a luxury brand, restricting supply with low acceptance rates while hiking prices. Now, the same trend is creeping into primary and secondary schools. The difference? Unlike elite universities, private K-12 schools offer little financial aid. Rising private tuition isn’t just a headline: it’s a stark reminder of how wealth shapes education access. (SCOTT GALLOWAY)
Did You Know?
Around 62% of solar adopters in California since 2010 have been high-income households making more than $100,000 per year. Only 10.4% of solar adopters had household incomes below $50,000 in 2022.
"I have lived my life always believing that tomorrow will be better than today and that I will never give up, no matter what."
– Ella Blumenthal, 103-year-old Holocaust/Auschiwtz survivor.
"The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behavior or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees."
– Warren Buffett (in "Buffet on Bridge")
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