The wealthiest individuals include successful authors like J.K. Rowling and James Patterson, who have built fortunes through numerous books and lucrative adaptations, challenging the stereotype of the struggling writer.

This essay explores the contrasting narratives of Elon Musk and his father Errol, highlighting the discrepancies between Errol's tales of wealth and Elon's claims of financial independence, ultimately questioning the authenticity of their family saga and the complexities of privilege.

Ajit Jain just unloaded 200 Class A shares of Berkshire Hathaway in one fell swoop, cashing out roughly $139 million at $695,418 per share. After nearly 40 years running the insurance division—the crown jewel of Buffett's empire—Jain trimmed his holdings to just 166 shares (61 directly owned). He's

American Express, Berkshire's second-largest holding, has shown impressive metrics with a 9% revenue increase in 2024 and a robust EPS growth of 25%. Despite market competition and recession risks, its strong market position and valuation make it a potentially undervalued investment.

Cathie Wood's portfolio is famous for chasing moonshots — but SoFi Technologies (SOFI) is different. While many Ark picks are speculative biotech/AI plays, SoFi is actually making money.
The Numbers Tell a Story
2024年 SoFi增长了26%收入，但关键看的是从哪来的：
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Western Union's partnership with MoMo integrates money transfers directly into the app, meeting Vietnamese users' demand for seamless transactions. This move taps into Vietnam's substantial remittance market and positions WU to innovate its business model in Southeast Asia, potentially transforming the remittance landscape.

Nvidia's Q3 financial report shows $57 billion in revenue and $31.9 billion in net profit. Despite losing the Chinese market, the rise remains strong. The CEO stated that the $50 billion GPU orders are credible due to the enormous AI infrastructure market. Nvidia firmly holds its position as the industry leader, and its long-term growth potential remains significant.

As soon as the policy was announced, the futures fell.
On Thursday, Trump signed an executive order removing Brazilian food products from the tariff list, including the highly publicized 40% coffee tariff. The market reacted immediately on Friday – Arabica coffee futures (March contract) fell 1.91% to a 7-week low, while Robusta coffee dropped 2.70%.
This is how the chain reaction occurs.
The key catalyst is the depreciation of the Brazilian real to a 5-week low. A weaker currency = Brazilian coffee producers are more aggressive in selling. Moreover, the market expects heavy rains in Brazil, which is favorable for crop growth but unfavorable for prices.
The real story on the supply side
What is behind this wave of tariff exemptions? About 1/3 of coffee imported by the United States comes from Brazil. During the tariff implementation period from August to October, U.S. coffee purchases from Brazil plummeted by 52% year-on-year (down to 984,000 bags). Now that it has been exempted, U.S. buyers will rush back in, which seems to be bearish for futures in the short term, but in the long run.

Cocoa prices surged due to a weaker dollar and tightening supply, with U.S. stockpiles at an 8-month low and declining shipments from Ivory Coast and Nigeria. However, strong harvest conditions and weakening global demand suggest ongoing oversupply issues.