🍋 Yes Wine Can

Together With

"How are you doing people who run crypto twitter accounts." – McDonald's official Twitter account

Good Morning! While El Salvador's president keeps doubling down on his Bitcoin bet and buying more at each dip (which turns out is not really a dip cause it just keeps dipping more), the IMF has urged El Salvador to chill tf out and discontinue Bitcoin’s status as legal tender due to the risks of financial stability, financial integrity, and consumer protection. Something tells us El Salvador DGAF. The world's first NFT restaurant (access only for NFT holders) is opening in New York next year at an undisclosed location and includes a cocktail room and private dining room. The Weeknd has officially dethroned Justin Bieber as the most-streamed artist on Spotify with more than 85.6 million monthly listeners after the release of his new album Dawn FM (Biebs record of 83.3 million listeners in August).

We have a small favor to ask y'all. We are conducting a brief survey to better understand who y'all are to improve the content, bring more suitable advertisers and opportunities. Please take 15 seconds to fill out the survey. We will greatly appreciate it, thanks!

If you are looking to invest in something other than stocks and crypto, check out today's sponsor reAlpha, who are revolutionizing the way people invest in real estate.

Forwarded email? Subscribe here.

1. Story of the Day: Yes Wine Can

Delta is forgoing plastic bottle wines and moving to aluminum cans for coach passengers on some cross-country flights. It will expand to all domestic flights by this year.

It is part of a broader effort to be more sustainable and will cut Delta’s annual plastic use by 250,000 pounds. Delta is also implementing other measures such as making bedding with recycled bottles.

Apparently the same rules don’t apply to richer passengers or those going overseas. Domestic first-class and all international flights will continue to have options beyond the canned version.

"If you’re in economy and you’re expecting to have a statement-making wine, you’re in for a huge disappointment," said Henry Harteveldt of Atmosphere Research Group.

Short Squeez Takeaway: There are probably some wine snobs out there who are going to stop flying Delta after the move to canned wine. But then again, if you are such a snob, maybe you can afford to fly first-class? In any case, it only seems like a matter of time till all plastic is eliminated from airlines. (I'd take my water in a can any day than those annoying plastic cups)

Source: Bloomberg

2. Markets Rundown

  • Stocks ended lower Tuesday after another volatile session as investors await the outcome of a Fed meeting.

Movers & Shakers

  • (+) American Express ($AXP) +9% after beating estimates on the top and bottom lines for the fourth quarter.

  • (+) Ericsson ($ERIC) +7% after reporting better-than-expected quarterly earnings.

  • (–) General Electric ($GE) -6% after missing revenue estimates for the fiscal fourth quarter.

3. Top Reads

  • A decent year for hedge funds is still not good enough (BB)

  • Is this the end of the go-go years? (AWCS)

  • WallStreetBets loses its cool factor (WSJ)

  • Reframing volatility (TII)

  • Crypto has evolutionary benefits not revolutionary hype (II)

  • Microsoft saved by the PC (WSJ)

  • Bank of America employees to share stock award of $1 billion (BB)

  • Why Italy's new president could make or break economy (BBC)

  • Mark Zuckerberg’s stablecoin ambitions unravel with Diem sale talks (BB)

A Message From reAlpha: Revolutionizing Short-Term Rental Real Estate Investing

Airbnb has made real estate investing more lucrative than ever. In fact, the 7.4 million short-term rental properties worldwide generate $1.2 trillion in annual revenue. 

reAlpha is revolutionizing this market through advanced technology and fractional ownership.  

They’ve shown that their AI-chosen Airbnb properties can beat long-term rental property revenue by potentially 70%+ per property. And today, you can invest in reAlpha as a shareholder. 

4. Book of the Day: Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley

Imagine a chimpanzee rampaging through a datacenter powering everything from Google to Facebook. Infrastructure engineers use a software version of this “chaos monkey” to test online services’ robustness—their ability to survive random failure and correct mistakes before they actually occur. Tech entrepreneurs are society’s chaos monkeys, disruptors testing and transforming every aspect of our lives, from transportation (Uber) and lodging (AirBnB) to television (Netflix) and dating (Tinder). One of Silicon Valley’s most audacious chaos monkeys is Antonio García Martínez.

After stints on Wall Street and as CEO of his own startup, García Martínez joined Facebook’s nascent advertising team, turning its users’ data into profit for COO Sheryl Sandberg and chairman and CEO Mark “Zuck” Zuckerberg. Forced out in the wake of an internal product war over the future of the company’s monetization strategy, García Martínez eventually landed at rival Twitter. He also fathered two children with a woman he barely knew, committed lewd acts and brewed illegal beer on the Facebook campus (accidentally flooding Zuckerberg's desk), lived on a sailboat, raced sport cars on the 101, and enthusiastically pursued the life of an overpaid Silicon Valley wastrel.

Now, this gleeful contrarian unravels the chaotic evolution of social media and online marketing and reveals how it is invading our lives and shaping our future. Weighing in on everything from startups and credit derivatives to Big Brother and data tracking, social media monetization and digital “privacy,” García Martínez shares his scathing observations and outrageous antics, taking us on a humorous, subversive tour of the fascinatingly insular tech industry. Chaos Monkeys lays bare the hijinks, trade secrets, and power plays of the visionaries, grunts, sociopaths, opportunists, accidental tourists, and money cowboys who are revolutionizing our world. The question is, will we survive?

“Marketing is like sex: only losers pay for it.”

5. Short Squeez Picks

  • 🦴 AI, robotics, 3D printing, oh my! Invest in some much-kneeded innovation right here

  • In the stock market, the short run couldn't be more different than the long run

  • Don’t listen to the Matt Damon crypto ad

6. Daily Visual: Most Overvalued Real Estate Markets – Idaho Wylin'

Estimated overvaluation among the 100 most populous MSAs (as of Q4'21)

Source: Axios

7. Daily Acumen: Investment Process

Successful investors focus on their investment process with unwavering loyalty and honesty, whatever the stock market is doing and however others around them are behaving.

They show how, to be a successful investor, you must have a philosophy and a process that you stick to even when the times get tough. This is very important. If you don’t have the courage of your conviction and patience and toughness, you can’t be an investor because you’ll constantly be driven to fall in line with the consensus by buying at the top and selling at the bottom.

But it’s important to know that no approach will allow you to profit from all kinds of opportunities in all environments. You must be willing not to participate in everything that goes up, and only the things that fit your process and investment approach.

8. Crypto Corner

9. Memes of the Day

 

 

Join the conversation

or to participate.