1/WTF is going on in the housing market? 🧵👇 2/The housing market is exhibiting major signs of weakness, with very poor data coming out.

Let's look at some of the charts.

The legendary investor Charlie Munger turns 98 tomorrow!

Over >40 years he’s compounded at an incredible rate of ~19.65% and served as vice-chairman of Berkshire Hathaway since 1978.

Here are 98 lessons from the maestro himself: On patience: "It takes character to sit with all that cash and to do nothing. I didn't get to the top where I am by going after mediocre opportunities.”

On ignorance: "Knowing what you don't know is more useful than being brilliant.”

1/George Soros is one of my favorite investors, and I've wanted to compile a thread of Re-Soros-es by George Soros and his ideas.

Here's what we can learn from one of the greatest investors- a thread: 2/Soros' famous theory of reflexivity, simplified:

1. We try to understand the world, as well as change it to benefit ourselves
2. Our act of understanding is part of the reality we try to comprehend so trying to understand changes reality
3. Thus, we can never gain a full...