| | *past 24-hour performance |
| 💨 TL;DR | Charlie Munger, a legendary investor before he ever met Warren Buffet, passed away a month shy of his 100th birthday. RIP to one of the greats. Asian markets were bloodied while Europe’s were mixed. There are whispers the Fed may hike rates again as both home prices and consumer confidence continue to rise. | | This company has reimagined fencing (yep, fencing) | There are sexy businesses, and there are unsexy businesses. | Snap, Peloton, and WeWork are sexy. They all have buzz and panache. | But you know what else these companies have in common? None of them are profitable! | Here at Swaggy, we like to find under-the-radar companies you wouldn't normally think about. And we found one in Perimtec. | Perimtec designs and installs modern fences. That's it. They sell direct-to-consumer across the US. That's what they do. | | And you know what? They're making real money. Check this out: | Annual run rate of $3.1 million LTV to CAC ratio of 4.1 Raising at a valuation of $7.1 million (that's low!) | Fencing is becoming a more important part of home design. (Heck, I installed a new backyard fence for exactly this reason) | Perimtec is making an unsexy business as sexy as possible. | Consider investing in these guys. | | SPONSOR |
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| | 📰 Market Headlines | Yesterday, the S&P 500 edged up 0.1% after hovering between small gains and losses. It’s on track to close out November with its strongest monthly gain of the year. Meanwhile, the Dow rose 0.2%, and the Nasdaq eked out a 0.3% gain. Oil and gold also nudged higher while the dollar continued to slide. Microsoft rose 1.1%, Tesla climbed 4.5% and Best Buy rose 2.4%. GE Healthcare Technologies closed 4.2% lower. Federal Reserve Governor Michelle Bowman said she expects another Fed rate hike. Consumer confidence topped analyst forecasts. Nationwide, home prices rose by 0.3% in September and now stand 3.9% above its year-ago level. American life expectancy rose in 2022 but is well behind pre-Covid numbers. Suicide rates hit a record high, with older men at highest risk. | | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Brought to you by Kalshi, our favorite prediction market. Get $25 with this link. | Standard Chartered expects the price of Bitcoin to surge to $100k by the end of 2024. S&P Global Ratings says the Fed is likely to hike rates 25bps in December. | End-of-year forecasts | | Macro forecasts | | 😱 Fear and Greed Index | | | 🧠 What do you think? | Is the Fed done hiking rates? | Yes | No |
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| 🎤 What you said last time | Fewer than 30% of you were optimistic about all that Black Friday spending, with seven in ten saying either consumers are addicted to…consuming…or they’re being pragmatic about discount shopping. | Worth noting: JPMorgan CEO Jamie Dimon agrees consumers are addicted to debt. |
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| | Consumers can’t stop spending | “Consumer debt is blowing the roof off, but spending is a "high" for many folks, and the bailouts showed folks how good it feels.” | | 📊 Stocks | | Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. | Winners and losers | Apple is ending its credit card partnership with Goldman Sachs. Amazon is launching an AI-powered chatbot for AWS customers called Q. Amazon Web Services (AWS) and NVIDIA have expanded their collaboration to deliver advanced infrastructure, software and services for generative artificial intelligence (AI) innovations. Customers taking Red Lobster up on its Ultimate Endless Shrimp deal contributed to a quarterly operating loss for the chain. Las Vegas Sands shares slid after it announced a secondary public offering of $2 billion of shares. Record online Black Friday sales pumped Shopify shares nearly 5% yesterday. | Ideas and analysis | This guy explains why he’s buying apartment REITs. Affirm ripped yesterday on news shoppers used the BNPL service nearly 50% more than last year. What happens if consumers can’t pay later? Three streaming stocks you to look at today. Why you shouldn’t expect Disney shares to pump anytime soon. Eight stocks that have been smash-hammered but could be bargains. | | | | 📊 Crypto | | What’s next for Binance? |
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| | 🌍 Global Perspectives | 🇬🇧 The UK is struggling to attract talented workers post-Brexit. | 🇯🇵 Airbnb is looking to fill homes left vacant by Japan’s declining population. | 🇵🇰 Foreign investment in Pakistan is at a four-year high, which has driven a 50% gain in the KSE-100 since June. | 🇸🇦 Saudi Arabia will host World Expo 2030. |
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| | 💎 Wealth Watch | You may need to rethink where your retirement income will come from. Why you may not be as rich (or poor) as you think. |
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| | 🗳️ Outside the Box | A drug that will extend and improve dogs’ lives is on its way. The vast majority of US workers admit artificial intelligence tools could replace them. What are corporate boards of directors supposed to do, exactly? Meet Greg Abel, Warren Buffett's successor and heir apparent to Berkshire Hathaway. |
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| | 📺 What to Watch Today | | The Best of Charlie Munger | Most Funny Moments |
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| | 📈 Trends you need to know | Brought to you by our friends at Glimpse, my favorite way to spot trends. | |
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| The art scene in Saudi Arabia suffered in King Abdullah’s early years, but it’s making a comeback as part of the Kingdom’s Saudi Vision 2030. |
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| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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| | Notes | Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur. |
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