The Quick hits are back!
Sorry for the 2 week hiatus…a little girl came into my life earlier than expected!
Hope everyone is enjoying the holiday season!
Here are your Quick Hits:
Great Leadership Article from INC:
Warren Buffett Says You Can Spot a Great Leader by Simply Looking for This 1 Trait.
- “We look for three things when we hire people. We look for intelligence, we look for initiative or energy, and we look for integrity. And if they don’t have the latter, the first two will kill you, because if you’re going to get someone without integrity, you want them lazy and dumb.”
- “Leaders walking the talk of integrity follow through on their commitments and deliver on their promises. Of course, they allow room for mistakes and failure (they’re human, after all), but they hold themselves accountable to a high standard absent of outside influences.”
Bloomberg: Stocks are suffering from Bad Breath
Mark Zuckerberg Sells Stock Every Day As Billionaires Cash Out
- Mark Zuckerberg sold Meta Platforms Inc. stock almost every weekday of this year.
- Elon Musk, the world’s richest person, has unloaded about $12.7 billion in Tesla Inc. shares this year, the first time he’s sold stock since 2016.
- The selling really picked up in 2020, as Democratic candidates were on the campaign trail proposing to raise rates on the rich. Advisers spent much of the year warning of higher taxes as early as 2021 if Democrats took over.
Consumer Prices Rose at Fastest Pace Since 1982,
Fed makes a hawkish pivot in a bid to tame inflation
- “When it stops purchasing bonds altogether, which will likely be in March, it plans to begin hiking interest rates to cool down the economy.”
- “For months, Powell stressed that inflation was “transitory” and related to quirks of the economy reopening. Now he’s singing a different tune. “The risk of higher inflation becoming entrenched has increased.”
BlackRock: A case for Fixed Index Annuities in Accumulation – Whitepaper
Quote of the week:
The first panacea for a mismanaged nation is inflation of the currency; the second is war.
Both bring a temporary prosperity; both bring a permanent ruin.
But both are the refuge of political and economic opportunists.
– Ernest Hemingway
