Talking Points: August 31, 2020

August 31, 2020

U.S. technology stocks, currently valued at $9.1 trillion, are now worth more than the entire European stock market. Business Insider, August 258 2020

Over the last five years, the NASDAQ has produced almost double the DOW’s gain (151% vs. 78%) and over the last twelve months, it has returned nearly five times what the DOW has (47% vs. 10%). Axios, August 25, 2020

“Nothing sedates rationality like large doses of effortless money.” Warren Buffett

Of the 50 most profitable companies in the U.S. today, Berkshire Hathaway rules the roost, generating $81 billion in profit last year. Fortune, June 11, 2020

Seventy percent of food’s final retail price comes from transportation, storage, and handling. Peter Diamandis – Tech Blog 

“The advice of doctors and the power of medicine appeared useless and unavailing.” Some people maintained that “the surest medicine for such an evil disease was to drink heavily, enjoy life’s pleasures, and go about singing and having fun, satisfying their appetites by any means available, while laughing at everything.” Giovanni Boccaccio: The Decameron, written during the Bubonic Plague, between the years of 1348-53

It is not the strongest species that survive, nor the most intelligent, but the most responsive to change.” Charles Darwin

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