Buffett’s Biggest Secret

Porter's Journal Issue #41, Volume #1

His First $100 Million Came From Tech Investing

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Table of Contents

Three Things You Need To Know Now:

1. The European Central Bank (“ECB”) cuts rates, again. Yesterday the ECB lowered interest rates by a quarter point, to 3% (it’s 4.5% to 4.75% in the U.S.). Inflation, at 2.3%, rose in November for the second straight month, and meanwhile, Europe’s economy is faltering (the ECB cut its GDP growth forecast for 2025 to 1.1%, from 1.3%). If only you could print prosperity!

2. Not to be outdone by Europe’s money printers, China has also pledged even more “stimulus.” Following similar announcements in September and October, the Chinese Communist Party on Thursday promised the traditional government-led solutions to a moribund economy: deficit spending, lower interest rates, and lower reserve requirements for banks – aka, print more money! Meanwhile, there’s a 19% unemployment rate among the country’s young people.

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