Sunday, May 25

Finance

It did not surprise me when producer Ed Saatchi, previously Emmy-award winning head of Oculus Story Studio and current CEO of Fable, told me he was going to co-produce an AI film, White Mirror. His previous VR Film, Wolves in the Wall, starred Lucy, an AI enabled character.

Warren Buffett published his annual letter and here are some timeless lessons that jumped out at me. Before we dive in, there are several recurring lessons that show up in Warren’s annual letters. First, he does a great job simplifying what he does in laymen terms. Having that kind of clarity is extremely important and a recurring theme among very successful people. Second, he is humble and makes it clear that the American Tailwind is responsible for his success. Humility is another powerful hallmark of very successful people. Third, he has clearly shows the power of compounding so people can “see” how to compound returns over the “long term.” Now, let’s dive in.

After a strong January for the markets, February was a reality check on what we might expect for the rest of the year. Despite early gains, we saw softening last month. U.S. markets declined by low single digits, while international markets also dropped. Developed markets were down about the same as those in the U.S., and emerging markets performed worst of all. So, what happened—and where do we go from here?

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