10 Wednesday AM Read – The Big Picture

My mid-week morning the train WFH reads:

Boring is beautiful in investing: Successful investing should be boring. It should be long-term in nature. It requires patience and discipline and the ability to ignore the frenzy of the crowd. (Common Knowledge Resources)

Dear Elon, I can save Twitter for you. Here are my terms: No matter, no matter. Obviously we both love Twitter, despite its faults and flaws. I don’t think any of us want to see it fail. It looks like it’s headed that way, but I think it can be saved. (Los Angeles Times) see more Parody Gold created by Elon Musk’s Twitter Blue: What’s the camouflage problem, you ask? Countless users, from pharmaceutical giant Eli Lilly impersonators to Donald Trump’s former lawyer Rudy Giuliani, have bought into Twitter Blue to use it in “verified” parody accounts of all sorts of things, places and people. Honestly, Twitter hasn’t been this fun in a long time. (slate)

This decade will be a downtrend for the stock market: Heard it before? Historically, bad news and painful slumps like today inspire blah predictions. Funny how wrong they were. (CIO)

How Apple Stores Went From Geek Paradise to Union Front Line: Store employees have helped create some of the most valuable square footage in the United States Now they feel like regular salespeople – so they’re getting along. (Business Week)

Crypto Ponzi Scheme Avenger: From his home in New Zealand, YouTuber Danny de Heck attacks what he calls a dangerous and fraudulent scheme, one rant at a time. (New York Times)

How Hot Wheels Became ‘The Biggest Auto Manufacturer Out There’ More than 16 cars are sold every second. But what does it take to make a small classic motor? (Financial Times)

America now has earthquake early warning systems — on your phone : If you use the right app or phone settings, ShakeAlert will let you drop, cover and hold a few crucial seconds before the earthquake reaches you. (Washington Post)

Russia’s retreat from Kherson is a military disaster that even the Kremlin and its propagandists cannot turn around: The recapture of Kherson may be Ukraine’s most significant victory in the war so far. (grid) see more For Western weapons, the Ukraine war is a beta test: While the war for Ukraine remains largely a grinding artillery battle, new advances in technology and training are being closely watched for how they are beginning to shape the war. (New York Times)

Donald Trump 2024: Six ways the presidency will be tough this time around: Donald Trump has announced his third consecutive presidential bid in an extremely rare attempt by a former US leader to regain the White House after losing an election. (BBC)

Jennifer Aniston has nothing to hide: Jennifer Aniston has spent most of her adult life in the spotlight, in all its glory. At 53, he opens up about his path to leaving behind regrets and some deep personal pain. (Mohan)

Be sure to check out our Masters in Business interview this weekend with VettaFi’s financial futurist Dave Nadig. The ETF industry pioneer has over 25 years of ETF experience. As Managing Director of ETF.com, he was a key participant in the growth of the passive and ETF industries. Prior to this, he was Managing Director of Barclays Global Investors. He is the co-author of the definitive book on ETFs, “A comprehensive guide to exchange-traded funds,” for CFA Institute.

Stocks out of the woods yet? Earnings estimates decline and a fair value of around 14x

Source: @teamerfidelity

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