Morning Brew ☕️ Profile picture
Oct 5, 2021 11 tweets 4 min read Read on X
Steve Jobs died 10 years ago today.

Here are 10 iconic quotes from the Apple cofounder. Image
On following your passion.

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.” Image
On finding your path.

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.” Image
On the merits of simplicity.

“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” Image
On striving for excellence.

“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Image
On going for it.

"Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.” Image
On daring to disturb the universe.

"Everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it… Once you learn that, you’ll never be the same again.” Image
On what innovation really is.

"I’m as proud of many of the things we haven’t done as the things we have done. Innovation is saying no to a thousand things." Image
On admiring your accomplishments.

"I think if you do something and it turns out pretty good, then you should go do something else wonderful, not dwell on it for too long. Just figure out what’s next." Image
On the importance of the little things.

"Things don’t have to change the world to be important." Image
On being called crazy.

"The people who are crazy enough to think they can change the world are the ones who do." Image

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More from @MorningBrew

Nov 14
1/ Trump has appointed Elon Musk and Vivek Ramaswamy to co-lead the newly created "Department of Government Efficiency" (DOGE).

Their goal? To slash $2 trillion from the federal budget, cutting nearly one-third of total spending.

But what exactly might go? Let's get into it. Image
2/ The US spent $6.75 trillion in fiscal year 2024, leading to a deficit.

Of that $6.75 trillion, Social Security, health, and Medicare were the biggest expenditures. Image via Business Insider
3/ Social Security alone accounted for $1.46 trillion, while health and Medicare cost $912 billion and $874 billion, respectively.

Those programs may not need annual approval from Congress but it would take new legislation to change them.
Read 12 tweets
Sep 26
1/ OpenAI has been non-profit...until now.

The company is considering a shift to for-profit, with Sam Altman getting a 7% equity stake.

So why the change?

Let's get into it. Image
2/ OpenAI was founded as a non-profit.

When asked about his "real motivation" on the All-In Podcast a few months ago, Altman made it clear it wasn't equity he was after. Image
3/ But the tables have turned.

News broke this week that OpenAI is considering a serious restructure as a means of appealing to investors.
Read 12 tweets
Sep 5
1/ The US yield curve slope has been an indicator for most recessions since WWII.

Yesterday, the longest US yield curve inversion ever ended.

Let's get into what that means. Image
2/ An inverted yield curve (when short-term yields are higher than long-term yields) typically indicates a looming recession.

But you'll often see the yield curve disinvert just before a recession. Image
3/ Why?

As an economic slowdown becomes more plausible, investors start betting on Fed rate cuts.
Read 10 tweets
Aug 8
1/ So far, Team USA is leading with 103 medals at the Paris Olympics.

Yet some of the elite athletes bringing home gold, silver, and bronze in Paris went into the red just for the opportunity to be there.

Let's get into it. Image
2/ At this rate, Team USA may very well surpass the 113 medals won at the 2020 Tokyo Games.

Simone Biles became the most decorated Olympic gymnast, Katie Ledecky took home the most medals for a female Olympian, etc.
3/ But many enter the world stage without a guarantee of placing...and at what cost?

A Congressional report released in March showed that, of the 1,000 Olympic and Paralympic athletes surveyed, 26.5% have individual incomes under $15,000 per year. Image via the WSJ
Read 12 tweets
Aug 5
1/ It's absolute carnage out there right now.

Yen trade is unraveling. Bank of Japan is raising interest rates. Unemployment is up. Emergency rate cut? Brokerages going down left and right.

Let's get into it. Image
2/ The stock market crashed today with the Nasdaq 100 dropping almost 6%.

But the trouble started in Japan. Image
3/ In the early hours of the morning, Japan's Nikkei index turned red and finished the day down 12.4%, its biggest drop since October 1987.

It was partially in reaction to the Bank of Japan raising rates to 0.25% on Wednesday.
Read 12 tweets
Aug 2
1/ Americans spent $119.84 billion last year on sports betting.

But what was once a fun little way to raise the stakes with your favorite team has led to loan sharks and bankruptcy for many.

Let's get into it. Image
2/ In 2018, the US Supreme Court struck down a law that prohibited sports betting.

Since then, 38 states have legalized it and a portion of those state populations have gotten way in over their heads. Image
3/ UCLA and USC recently studied the financial consequences of legalized sports betting.

They uncovered some not-so-great findings.
Read 14 tweets

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