"Since the lows that followed “liberation day,” it is no longer just gold that is doing very well among metals. Suddenly, silver is making new all-time highs, while copper, platinum, palladium and nickel are all outperforming gold." @gave_vincent

Today, over 20% of weight in the MSCI World has an EV/sales ratio greater than 10! .@ManGroup .

RT @MebFaber: Global stock market valuations. Cheap countries are on a face ripper this year. via @TheIdeaFarm

Pre-order @morganhousel's book releasing in October. A+

“Home ownership isn’t just about what you sell for — it’s the rent you’re not paying.”. Brian Jacobs explains the hidden income of owning a home.

Real rates in emerging markets are are 20-year highs. @FT

RT @mahtani_s: I've been thinking a lot about dollar cycles. Since 1970, there have been three full upcycles and three downcycles. Each has….

“The CAPE ratio uses today’s prices… but 10-year-old earnings. NVIDIA’s current weight vs. its tiny earnings from 2014? That skews things. Unless tech earnings revert to the past, CAPE is overstating valuations.”.-- Brian Jacobs of @DrawdownPatrol

Buybacks have increased approximately 25% from 2023 via @KKR_Co

Brian Jacobs of @DrawdownPatrol:.→ “Don’t buy a home unless you’ll be there 7+ years.”.→ “I just sold the last of my farmland — real estate is a nightmare.”.→ “Airbnbs? That’s my version of hell.”

.@ManGroup on recent cat bond issuance

RT @MebFaber: A few bangers in the Top 50 Facts from 1H 2025. "Y Combinator CEO Garry Tan said that for about a quarter of the April 2025 Y….

"Our ‘Glass Still Half Full’ thinking is that attractive financial conditions, a global easing cycle, ongoing productivity gains, and lack of net issuance—coupled with some incredibly powerful investment themes—will continue to drive this cycle both further and longer than many.

KKR: We continue to see an asynchronous recovery defined by rolling recoveries and rolling recessions.

KKR on the importance of stock buybacks.

RT @ckaiwu: 🏰 New Paper: Buffett’s Intangible Moats 🏰.With Buffett retiring, can his philosophy be distilled into a simple rules-based stra….

KKR's Mid Year Outlook is a must read.

"U.S. logistics and multifamily starts are down over 65% from 2022 peak levels and at historically low levels. In the U.S., it costs 50% more on average to build today than it did five years ago.".@blackstone .

One possible advantage of European equities is its sector exposure compared to U.S. markets. This difference could help mitigate sector risks and lead to a more diversified industry representation. The S&P Europe 350 is less concentrated than the S&P 500, with its top five

Buyback bonanza via @MUFGAmericas