The joint is jumping.
That 4.1% unemployment rate is the lowest in 54 years.
So the market nosedives.
Then today.
And the market explodes.
This up and down is called volatility. It drives me crazy. I look at it each day. Bad idea. Stupid idea, Harry.
I go looking for explanations. I listen to the talking heads on TV. I rationalize that the anchors are to spell time and the “experts” are to sell their funds.
It’s actually a difficult time. Long-term interest rates are spiking, making them more attractive (?) than stocks. To some people 5% on risk-free ten-year treasuries is more appealing than equities. If you’re between 85 and death, that could work. I’m not there, yet. I’ll stay with my equities.
All the past ten days I didn’t post, I’ve been scouring the battlement for goodies. Here’s my latest list of goodies:
+ Nvidia. Nothing I’ve read or listened suggests this stock is in anything but the rightest place. See below.
+ The Mag Seven. Al of them. Google, Broadcom, Amazon, Microsoft, Meta, Apple and Nvidi.
+ Eli Lilly. Buy now. It’s suddenly become cheap.
+ GE Vernova (GEV). It makes gas turbines. They’re the only way of getting more electricity to the hyperscalers fast.
+ Cheniere Energy. That ‘s my believe that Trump will dump all Biden’s stupid restrictions on our export of LNG gas which we have oodles of.
+ Tesla. It’s not just a car company. It’s Elon and Elon is a business, engineering and computer genius. (Maybe Elon will buy TikTok and Greenland and Australia?)
My list of stocks I own and like is in the right column on my blog.
What can Jensen and AI deliver?
It’s hard to explain why AI will change the world, producing immense opportunities and rewards along the way.
Try this:
Jensen’s latest Blackwell microprocessor has 92 billion transistors. That means it runs millions of times faster than the Intel 4004 (which powered my first laptop) and many many times faster than the latest Intel microprocessor (which is a disaster). Never buy Intel stock.
How fast is Nvidia’s marvel? The Grace Blackwell NVLink 72 chip can handle and process today’s entire Internet traffic.
That’s freaking fast.
Ultra hyper speed defines new likelihoods.
With speed your Nvidia can watch 29 cameras on a self-driving car and react fast enough so the car doesn’t kill someone. Elon is a huge customer of Jensen.
It won’t be long before all of us have our own “robot,” which could look like a humanoid robot, or it would be our digital agent assistant to help us do all the tasks that take us too much time today — like responding to customer’s requests, to doing tasks like buying us ballet tickets, or ordering takeout dinner. Or checking our exercise, our food our sleeping, etc. (see below).
In 2004, two years before the launch of X (then Twitter), Michael Goldhaber, an American thinker, published an essay arguing that the internet would produce a new type of human, just as printing had. Homo typographicus would be followed by Homo interneticus. His “mentality significantly altered” by the effects of intense internet use, interneticus would be unmoored from time and space, disrespectful of old sources of authority and facing a constant battle for his attention.
I wonder what we’ll be like in ten years, with our robots, our digital agents and our self-driving cars? My backhand down the line will have improved?
And Nvidia?
For now, Nvidia has built a magnificent moat — It builds and sells the chips. It makes (and gives away) the software to run its chips. And it invests in the most promising end-user products and services which use its chips.
No company has ever achieved such dominance. And now you know why Nvidia still remains my largest holding,
Now watch this. This is great research and great conclusions.
Watch this for fun. It’s Meta full Maga.
To Kindle or to print paper?
Susan likes paper books.
I like Kindle because I can jump between reading my book on my iPhone, my iPad and my laptop.
Kindle books are usually cheaper. I get delivery within seconds of buying the book. I don’t have to wait for UPS.
I don’t have to throw out yet another yet another Amazon cardboard box.
Amazon does one extra thing: It keeps a file in its cloud where all my highlighting is neatly laid out. That one feature saves me hours of flipping through paper books looking for my yellow stickies — my nuggets.
My son wants me to live forever.
He sends me to doctors, berates me when I get too fat or eat the wrong things, like too much sugar. And he encouraged me to read this best-selling book.
You’ll get old just reading this book. It’s bloody long — 482 pages — and far too detailed. Too much of medicine today tries to cure horrid serious diseases, like cancer and heart disease. The “cures” stay your death. he calls that Medicine 2.0.
Medicine 3.0 is prevention. It “falls into five broad domains: exercise, nutrition, sleep, emotional health, and exogenous molecules, meaning drugs, hormones, or supplements.”
There is only one magic bullet in this long book, namely exercise is the only free lunch. By that he means aerobic exercise (like playing tennis) and muscle-strenthening (lifting weights). He also believes everyone (sick or not) should take a statin each day. I do.
These days, what most new longevity centers, longevity doctors and longevity studies also focus on is something my kids call “social interaction” — breakfast meetings with the boys, playing golf, etc.
This book is full of exhausting science, studies, experiments, –until you get way into it whennou discover the author is an emotional nutcase, who, in desperation, checks himself into all sorts of weird clinics.
After all the science and all the advice, he finally writes none of this will do you any good,
“If your relationships suck. None of it matters if your wife hates you. None of it matters if you are a shitty father, or if you are consumed by anger or addiction. Your résumé doesn’t really matter, either, when it comes time for your eulogy.”
He wrote that stuff.
Which tended to belittle the book in my eyes.
My 70+-year old brother-in-law recently had a bad fall. He cracked his spine. He’s been in agonizing pain ever since.
Good idea: Search YouTube for balancing exercises. And hold the banister going down stairs.
This is the best banister in the entire world — the one in the New York Subway. Thank you, Janno.
‘
In short, watch that last step going down. Look both ways twice before crossing the road.
I sound like a cracked record.
This is a charming movie about the young Bob Dylan.
It’s called the Complete Unknown. And apparently he still is.
If you missed out Jensen at CES
Favorite recent New Yorker cartoons
That’s it for now. I’ll be back in day or two. — Harry Newton
Legal stuff: This blog does not offer investment advice. It is for education and (hopefully) entertainment.
But, in case you want to buy me a “Thank You” note for all the money I’ve made you, I suggest this nice place;
Please include three years of paid heating bills. Can you imagine the cost to heat this place in winter? When built, there was one elevator– to bring meals from the kitchen to King Ludwig’s dining room.
Do not sell Nvidia.
Eat less. Exercise more. Nap more. Wear a sleeping mask. You get better sleep when it’s dark. – See you soon. — Harry Newton
