Incredible sculpture art

Great player great ad

The location of all earthquakes overs the last ~half century

One way the world has been getting better

On bumps in the road

Exercise is good:

"You name the system in your body, and exercise improves it and makes your chance of disease in that system less: 60 percent less likely to have [atrial fibrillation|, 50 percent less likely to have diabetes, 70 percent less likely to fracture your hip, 50 percent less likely to have colon cancer, 25 percent less likely to have breast cancer, I think 25 percent less likely to get depression; 70 percent of people who are active in their daily lives report better sleep. And over many years, you're much less likely to die. So, I mean, you pick your system. Exercise, it really is the magic pill…One minute of exercise buys you five minutes of extra life."

Fall in DC

Fall in NY

Air travel is increasing hugely:

• About 20 million Americans had a passport in 1993, now about 160 million Americans do. Global travel has become mainstream.
• It was estimated that $1 out of every $10 spent globally in 2024 would be spent on travel.

Self driving car progress has jumped an order of magnitude in the last year or two.

• Self driving cars are now in commercial use in SF, LA, & Phoenix (“the future is here but not evenly distributed”).
• Waymo is now doing 100,000 paid rides per week, up 20x from last year.
• Tesla has logged over 1.5 billion miles, up about 10x since last year.
• Amazon is about to launch a robotaxi pilot.

This is a titanic change in transportation and the second order effects are hard to predict (will this change where people choose to live? where work is done? how many jobs will be impacted? which companies survive and thrive and which don’t? in what ways and to what degree does urban design eventually change?…)

Industry growth does not always = company in industry stock price growth

You’re extremely unlikely to beat the market consistently over time (and trying to costs money in helper fees and trading fees and taxes, compounding the negative effect of missed returns from simply investing in an S&P 500 index fund)

A study looked at ~29000 public stocks over the last 100 years. The majority (51.6%) of these stocks had negative cumulative returns. However, the investment performance of some stocks was remarkable. Seventeen stocks delivered cumulative returns greater than five million percent (or $50,000 per dollar initially invested), with the highest cumulative return of 265 million percent (or $2.65 million per dollar initially invested) accruing to long-term investors in Altria Group. Annualized compound returns to these top performers relatively were modest, averaging 13.47% across the top seventeen stocks, thereby affirming the importance of "time in the market.".