

Long Global, Short USA (EP.251)
Apr 6, 2022
The conversation dives into Elon Musk's bold moves with Twitter and the intriguing dynamics of corporate profits in a surging labor market. They analyze the tension between rising inflation and wage growth while exploring the quirky world of NFTs linked to vintage sports. Discussions about changing consumer habits and the psychological impacts of service cuts reveal deeper economic truths. With a sprinkling of humor, they tackle the Federal Reserve's tricky balancing act and weave in insights on popular films and shows.
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First Art Exit
- Ben Carlson had his first Masterworks exit, selling a painting for a 33% net gain.
- He plans to reinvest the proceeds into another artwork.
Elon's Twitter Investment
- Elon Musk's 9.2% stake in Twitter seems like a troll move given his wealth and online behavior.
- It's unclear whether he aims to improve the user experience or monetization of the platform.
Q1 2023 Market Performance
- Value stocks outperformed growth stocks in Q1 2023, particularly in the Russell indices.
- Energy stocks performed well, but it's uncertain if investors will chase that performance.