Rudy Havenstein

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The Digest #217

Oct 1, 2024 | newsletter.rationalwalk.com | Chris Varcoe |Rudy Havenstein |Rob Henderson |Chris Arnade

Berkshire Hathaway Acquires BHE Minority Interests, October 1, 2024. Berkshire is now the sole owner of BHE after a series of transactions with the family of the late Walter Scott Jr. and related entities. BHE’s value has declined precipitously over the past two years amid wildfire litigation and an unfavorable political and regulatory climate. This is reflected in the transaction price.
The Digest #213

Sep 5, 2024 | newsletter.rationalwalk.com | Aswath Damodaran |Ted Gioia |Joel Miller |Rudy Havenstein

“It’s no disgrace for a man, even a wise man, to learn many things and not to be too rigid. You’ve seen trees by a raging winter torrent, how many sway with the flood and salvage every twig, but not the stubborn — they’re ripped out, roots and all. Bend or break. The same when a man is sailing: haul your sheets too taut, never given an inch, you’ll capsize, and go the rest of the voyage keel up and the rowing-benches under.”— SophoclesTrillion Dollar Berkshire by , September 3, 2024.
Madness and Mayhem

Aug 30, 2024 | rudy.substack.com | Rudy Havenstein

“America is hell-bent on continuing the monetary and fiscal policies eroding its economic and geopolitical hegemony.
They don't know anything.

Jan 16, 2024 | rudy.substack.com | Rudy Havenstein

“It is difficult to make predictions, especially about the future.”Karl Kristian SteinckePeople think that the Fed knows something, right? You know, why are they talking about this?? They don't know anything. All you've got to do is look at what they have said for the last 20 or 25 years and then what happened. I mean, Bernanke was completely clueless about the subprime and the real estate bubble.
The Digest #169

Oct 18, 2023 | rationalwalk.substack.com | Aswath Damodaran |Rudy Havenstein

Can the cure for excessive use of electronics involve acquiring yet another piece of expensive technology? While this idea might seem far-fetched, apparently some parents have given their children smartwatches as a substitute for phones. This allows kids to make phone calls and send texts, which is important for many parents, while otherwise limiting excessive online activities that are so damaging for children. Last month, I received a very generous gift of an Apple Watch Ultra 2 for my birthday.
"People hate inflation. Hate it." - Jerome Powell

Sep 21, 2023 | rudy.substack.com | Rudy Havenstein

- Jerome Powell, September 20, 2023- Jerome Powell, September 22, 2001 (just a little low)After the Fed announcement Wednesday (unchanged), Jeff Gundlach came on and said the 10-year had “double-topped,” but it looks like maybe there’s more to it than that:Note that option-adjusted high-yield spreads are still showing no fear. I was also someone that saw dark clouds over the horizon in the way in which the Bush administration was prosecuting the case for the invasion of Iraq.
Inflation is not a partisan issue, it's a class issue.

Sep 15, 2023 | rudy.substack.com | Rudy Havenstein

“Is there any good reason to believe that inflation hits low-income households especially hard?” - Paul Krugman, December 11, 2021 “The consumer’s not healthy, especially at the lower income scale.” Greg Weldon The way hedonic adjustments work is that the BLS says that something more expensive is actually less expensive, even though it’s more expensive, because it’s “better.” This is how economists actually think, and why CPI is way below the actual "cost of living." For kicks, print this out...
A Havenstein Moment.

Jun 23, 2023 | tinyurl.com | Rudy Havenstein

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Rudy Havenstein | Substack

Apr 1, 2023 | substack.com | Rudy Havenstein

He/Haw/Xi. Reichsbank President 1908-1923 Uncategorizable. Post are solely for my own amusement. "My way of joking is to tell the truth." - G.B. Shaw
'The central bank will have absolute control.'

Mar 23, 2023 | rudy.substack.com | Rudy Havenstein

As a companion video to my earlier post, here’s Agustín Carstens, the general manager of the Bank for International Settlements (the “central bankers’ [and Nazi] bank), at a 2020 IMF event, Cross-Border Payments—A Vision for the Future. His “vision of the future” is quite clear. “For our analysis on CBDC in particular for general use, we tend to establish the equivalence with cash, and there is a huge difference there.