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Li Guangyao's observation of American culture is truly incisive:
"American culture... is to start from scratch, then beat you.
That's why I am full of confidence in the recovery of the American economy.
They fell behind Japan and Germany in manufacturing, but they created the Internet, with Microsoft, Bill Gates, and Dell...
What kind of mindset does it take to achieve this? It is part of their history.
They entered a wild continent and made the most of the land.
They killed the Native Americans, took over the land and the bison.
In the end, that's how it goes: build a town, you
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Soros's son posted a tweet celebrating July 4th on National Day, writing "Happy 250th anniversary! I will never love this country."
He then quickly deleted it, because he realized he missed the key word "stop" — it should have been "I will never stop loving this country."
Or he subconsciously revealed his true thoughts, which would be consistent with his words and actions. Or it was purely a typo. But does such a critical typo reflect that the son usually doesn't think things through?
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Media around the world criticize the United States every day, especially under Trump's administration.
People in various countries hate Americans; the United States is falling apart, and the American Dream has been shattered.
This is the main way media generate traffic. Just take it as gossip and laugh it off—don't take it too seriously.
What has never changed in the United States over the past 250 years is the reward for risk-taking, competition, innovation, capital accumulation, and entrepreneurship. This system still exists and remains vibrant.
The U.S. population accounts for about 4% of t
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Hollywood stars James Woods and Matt Damon are completely opposed on the political spectrum—Woods holds conservative views and supports Trump, while Damon is the typical white leftist.
But the two have a lot in common: both are scholar-type celebrities.
Woods graduated from MIT for his undergraduate studies, attended on a scholarship, and stood out for his high intelligence; in his last year, he dropped out because of his acting career.
Damon attended Harvard for an undergraduate degree in English, wrote the award-winning screenplay *Good Will Hunting*, and in the end also dropped out be
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The Economist article: Chinese brands flood into Brazil and are warmly embraced.
"Chinese brands are already ubiquitous in Brazil. Wealthy Brazilians drive BYD cars, use Huawei phones, watch Hisense TVs, order food through the delivery app 99Food (Didi's Brazilian version), and shop on e-commerce platforms like Shopee.
In 2025, Chinese enterprises invested at least $6 billion in Brazil, accounting for more than 10% of all large-scale overseas investments by Chinese companies and surpassing their investments in any other country."
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"You can be a communist, or you can be a patriot, but you cannot be both."
Trump spoke in front of Mount Rushmore on Friday, attacking candidates who call themselves democratic socialists.
He said American identity is facing a new wave of attacks. "Now, the threat of communism is making a comeback, including new immigrants who do not accept American ideals."
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A famous cover of Newsweek in 1999, "Others are getting rich, but I am not." captured the FOMO (fear of missing out) sentiment of people at that time.
A few months later, the Nasdaq crashed.
The question is always: is the current market also in a state of irrational exuberance?
NAS1001.20%
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The Financial Times reports that OpenAI is in discussions with the U.S. government about ceding 5% of its shares to the government ahead of the company's planned listing later this year.
The Trump administration has recently introduced measures to restrict external access to the most advanced AI models developed by American developers, highlighting the importance of maintaining a cooperative relationship with the government, and government shareholding is one of the means to strengthen this relationship.
The rapid expansion of AI has sparked deep public anxiety. Polls show widespread conce
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"72 Hours in Normandy" tells the story of a market analyst and a fund manager. The former is responsible for articulating hard-to-accept truths, while the latter makes the final calls and takes responsibility.
Investors are constantly facing this kind of complex and chaotic situation, where there are never simple or clear answers.
We must constantly remind ourselves to remain humble, respect the facts, and refrain from making rash judgments.
At any given moment, we have limited information, insufficient insight, and a lack of knowledge.
Investment remains a "loser's game," where victory belong
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Innovation has never been that simple. Entrepreneurs were long considered fraudsters, and investors could lose everything.
Let me share a historical case: In 1866, entrepreneur Cyrus Field accomplished what seemed impossible—laying a transatlantic telegraph cable.
Suddenly, the Queen of England and the President of the United States could exchange greetings via telegraph.
Field became a national hero.
But three weeks later, the cable broke. The newspapers that had once cheered him began spreading rumors, claiming Field's entire project was a scam designed to hype worthless stocks.
Some even in
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Research firm Bespoke's chart compares the current AI investment frenzy with that of the turn of the century, and it's worth revisiting often.
Both bulls and bears can find what they need in it. Bears believe the AI bubble will eventually burst, as devastating as the dot-com bust. Bulls think there's still a long way to go before the bubble pops.
Here we need to introduce a chart from Alpine Macro: today's AI boom has a quality the dot-com bubble lacked—real earnings growth, not just P/E expansion.
During the dot-com bubble, P/E ratios soared while profits barely changed (right chart).
Today,
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White House officials' new weight loss trick: eat more sauerkraut.
Eating more fermented foods like sauerkraut and kimchi can reduce visceral fat surrounding internal organs, boost gut microbiota activity, and aid digestion.
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Is the Western world turning fully toward socialism? Trump should come out and pull off something big—his backyard is on fire 😂.
After Starmer resigned as UK Prime Minister, socialist Andy Burnham is expected to succeed as Prime Minister and Labour leader.
Burnham's socialism is not just a welfare state; he means business. He wants the state to control more means of production. During his tenure as mayor, he brought Greater Manchester's bus transport system under public control. At the national level, he advocates for bringing water, housing, energy, and transportation into public ownership.
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The well-known podcast and research team Exponential View is worth subscribing to and following consistently.
Their latest report, "The State of the AI Economy 2026," allows free subscribers to preview the beginning. Here, I summarize the core viewpoints, which include five data points that collectively undermine bearish perspectives on the AI sector.
A typical pessimistic narrative is that AI is all hype, capital expenditures are unsustainable, there is no real revenue, token prices are crashing, and it will ultimately end in tragedy.
It's easy to get confused by the overwhelming bearis
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During his April Senate testimony, Warsh stated that the Fed's current inflation indicators are merely "rough estimates" of actual price pressures, and he prefers using the "trimmed mean PCE" published monthly by the Dallas Federal Reserve Bank.
This concept will change how you interpret inflation going forward.
Standard PCE averages the price changes of all goods and services purchased by consumers. This means that even if prices in other parts of the economy are normal, a one-time oil price spike will be directly reflected in the overall PCE data.
Core PCE improves one step by excluding food
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