#35 - Perspective is Power

Author

Graham Schroeder
December 06, 2024

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Market Recap

  • China’s BYD Double Duty: Building EVs and Apple Products

    • BYD ($BYDDY), China’s largest EV maker has become a major player in Apple’s ($AAPL) supply chain. Assembling over 30% of iPads and producing components like titanium parts for iPhone Pro models, alongside its electric vehicle manufacturing.

    • BYD’s revenue reached $28 billion in Q3 2024, surpassing Tesla for the first time, thanks in part to its growing electronics business.

    • Apple and BYD’s relationship might face challenges if tariffs create significant cost hurdles, pushing Apple to seek alternative suppliers or moving more production to tariff-free regions like India and Vietnam.

  • BlackRock's Next Power Play: Private Credit Domination

    • BlackRock ($BLK) is purchasing HPS Investment Partners for $12 billion in stock, creating an integrated private credit franchise managing $220 billion in assets. The deal is expected to close in mid-2025.

    • The acquisition comes as the private credit sector experiences significant growth, with HPS joining BlackRock’s expanding alternative investments portfolio.

    • BlackRock anticipates a 40% increase in private market assets under management and a 35% rise in management fees, further solidifying its dominance in the investment management industry.

  • SpaceX Completes 1st Starlink Direct to Cell Constellation

    • SpaceX launched 20 Starlink satellites, completing its first constellation capable of direct-to-cell connectivity. These satellites aim to provide internet service to unmodified cellphones in remote areas, with plans for enhanced capabilities in future constellations.

    • This technology has the potential to revolutionize the telecommunications industry by increasing competition, innovation, and improving global connectivity. Future cell companies must adapt, innovate, or collaborate to stay relevant in this evolving landscape.

    • Recent news stated that SpaceX is conducting a tender offer to sell insider shares, potentially valuing the company at approximately $350 billion. This move allows existing shareholders to liquidate shares without initiating an initial public offering (IPO).

Why This Stock is Our Top Pick of the Month

Bank of America Predicts Gold Will Hit $3,000 by 2025 — This Gold Stock is Poised to Win.

As gold climbs once again, savvy investors are taking notice. This under-the-radar stock has already posted impressive gains and continues to attract strong insider buying, signaling significant growth ahead.

Don’t miss the chance to add this hidden gem to your watchlist before it breaks out again.

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Freedom Fund Portfolio

Freedom Fund Background: I created the Freedom Fund as a public brokerage account back in October of 2022 to share that anyone with a social security # and a bank account can begin their investing journey by investing a couple hundred dollars a week. Every week and month I post on X (@GrahamInvesting) public updates about the purchases, exits, dividends, and growth of the fund if you want to follow in real time. The biggest obstacle people have to investing is just getting started so I decided to start a new account at $0 to start from nothing with you.

Quote of The Week

Seneca was a Roman Stoic philosopher, statesman, and playwright who lived during the 1st century AD. He served as an advisor to Emperor Nero and left a legacy of philosophical writings. Seneca's work focuses on wisdom, ethical living, and a life of resilience. He emphasized the importance of managing one's thoughts and emotions to achieve an outstanding life.

  • Overthinking Creates Unnecessary Pain - Seneca highlights that much of the distress we experience comes from worrying about potential future events rather than actual hardships. Our minds amplify fears, turning imaginary scenarios into sources of unnecessary anxiety.

  • Reality Is Often Less Severe - When faced with real challenges, people often find they can handle them better than they anticipated. The suffering we imagine is usually far greater than the actual experience.

  • Perspective is Power - This quote underscores the importance of staying grounded in the present moment. By controlling our thoughts and not giving power to irrational fears, we can reduce unnecessary suffering and approach life with clarity and calm.

Seneca’s wisdom teaches us that much of our pain is self-inflicted through our imaginations. By focusing on what is real and managing our thought patterns, we can free ourselves from needless worry. This quote is a reminder to live in the present, face challenges as they come, and not let imagined fears rob us of peace and joy. It’s a call to embrace mindfulness, resilience, and trust in our ability to handle life’s realities.

The purpose of this newsletter is to encourage you and our other 77 Gazette subscribers to start and stay consistent with your personal, professional, and financial journey.

Thanks for investing your time reading this.

Disclaimer: Graham’s Gazette provides information and resources related to investing, financial topics, and personal growth for educational and entertainment purposes only. The content presented is not intended to be construed as financial advice. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. Graham’s Gazette and its creators do not assume any responsibility for the accuracy or completeness of the information provided nor do they guarantee any specific results from such use of information.