Kh WONG personal page - To The Moon

Kh WONG

No personal profile

11Follow

0Followers

1Topic

0Badge

06-15

Great article, would you like to share it?

Nobel Laureate Labels Elon Musk a Human Ponzi Scheme

2025-06-08

Great article, would you like to share it?

Sorry, the original content has been removed

2025-02-11

Hi. Just a quick check. Do we need to close an expired option manually ? Or it will close automatically in tiger broker?

2023-08-15

Great ariticle, would you like to share it?

@SGX_Stars:Weekly Inflows and Outflows: DBS, UOB, Singtel, OCBC, The Hour Glass & Fortress Minerals

2023-08-15

Great ariticle, would you like to share it?

@Maverick Options:MSCI Rebalance, Tencent to be the biggest winner?

2023-08-15

Great ariticle, would you like to share it?

@0QH:Why Selling Put Options on Tapestry Might be a Smart Move [Earnings Season]

2023-08-15

Great ariticle, would you like to share it?

@0QH:Why Selling Put Options on Tapestry Might be a Smart Move [Earnings Season]

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4147244040914782","uuid":"4147244040914782","gmtCreate":1684140931532,"gmtModify":1684307850864,"name":"Kh WONG","pinyin":"khwongkhwong","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","hatId":"ca_profile_frame_5b7Fd6","hatName":"LV5 头像框","vip":1,"status":2,"fanSize":0,"headSize":11,"tweetSize":7,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":1,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.02.09","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.16","exceedPercentage":"60.99%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.06","exceedPercentage":"60.48%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":5,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":575580359435368,"gmtCreate":1781530942215,"gmtModify":1781530945091,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/575580359435368","repostId":"1100980292","repostType":2,"repost":{"id":"1100980292","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1781403733,"share":"https://ttm.financial/m/news/1100980292?lang=en_US&edition=fundamental","pubTime":"2026-06-14 10:22","market":"sh","language":"en","title":"Nobel Laureate Labels Elon Musk a Human Ponzi Scheme","url":"https://stock-news.laohu8.com/highlight/detail?id=1100980292","media":"Deep News","summary":"On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.Here is a compilation of the...","content":"<p>On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.<br><br>Here is a compilation of the original text:<br><br>I embarked on a brief journey yesterday. First, I rode a local hyperloop train through a tunnel excavated by The Boring Company. Afterwards, I summoned a fully autonomous Tesla robotaxi via a neural interface. During the trip, I also read the latest news from the Martian colony.<br><br>Of course, none of that actually happened, because those products do not exist.<br><br>There are no operational hyperloop systems anywhere. The Boring Company has not constructed any commercial tunnels. <b>Tesla Motors</b> has deployed only a handful of autonomous, not fully self-driving, taxis in Austin, and nowhere else. (Waymo, owned by Google, operates driverless taxis in several major hubs.) Neuralink, which claims to pioneer brain-computer implants, has tested its product on only a few patients with no further progress. And, naturally, there is no Martian colony—no human has ever flown to Mars, nor is such a mission foreseeable in the near future.<br><br>Yet, over the past decade, Elon Musk has repeatedly promised that all these services would be available by 2025 at the latest, if not sooner.<br><br>It is undeniable that Musk has achieved some tangible successes. <b>Tesla Motors</b> seized an early lead in electric vehicles, and Starlink is not only a crucial service but also a profitable business.<br><br>However, these accomplishments are not what make Musk the world's richest person. In reality, his fortune has long been built on a self-fulfilling belief—investors, convinced of Musk's \"genius persona,\" pour money into the stocks of the companies he controls. The rising market valuations of these companies, in turn, reinforce his reputation as a genius.<br><br>There is a specific term for this type of enterprise: it appears successful because it can continuously attract new investors, and it can attract new investors because it appears successful. Such enterprises are called Ponzi schemes. Elon Musk is, in essence, a human Ponzi scheme.<br><br>Furthermore, the ongoing initial public offering (IPO) for SpaceX makes it clearer than ever that Musk's greatest skill lies not in developing future technology, but in financial sleight of hand and leveraging insider influence for profit—particularly his influence with the Trump administration.<br><br>To understand this, consider Musk's 2022 acquisition of Twitter, later renamed X. To finance the deal, investment banks lent Musk $13 billion, planning to quickly offload this debt to other investors. However, Musk subsequently transformed X into a platform rife with extreme right-wing rhetoric and permissive of Nazi ideology, destroying its business model and driving advertisers away. By the summer of 2024, X's valuation was less than half its purchase price. Selling the debt at that point would have meant a 40% loss for the banks, forcing them to hold onto the Twitter debt long-term. This directly led to a headline in The Wall Street Journal in August 2024: \"Elon Musk's Twitter Buyout Becomes Banking's Worst M&A Deal Since the Financial Crisis.\"<br><br>But two subsequent events rescued these banks and preserved Musk's future creditworthiness: the election of Donald Trump as U.S. President in 2024 and the rise of the artificial intelligence wave. After Trump's election, advertisers began returning to X, citing the need to curry favor with both Musk and Trump. In March 2025, Musk merged his newly formed AI company, xAI, with X, riding the soaring wave of AI hype to further inflate X's valuation and beautify his personal balance sheet.<br><br>Unfortunately for Musk, however, various evaluations indicate that the Grok large language model developed by xAI performs far worse than AI models from Anthropic and OpenAI and is widely considered unsafe and unreliable. The model has, at times, generated racist and antisemitic statements, even referring to itself as \"Mechanical Hitler.\" Trump administration officials pressured government agencies, including the Pentagon, to use Grok, but with little success.<br><br>Thus, Musk first rescued X by merging it into xAI, and is now attempting to rescue xAI by merging it into SpaceX—a company whose Starlink business is indeed a successful venture.<br><br>Today, SpaceX went public. Its IPO began trading on the Nasdaq at a share price implying a company valuation of $1.77 trillion. This is a company that reported revenue of just $18.7 billion last year and is operating at a loss.<br><br>What justifies such an astronomical valuation? Part of the core logic of this IPO relies on the assumption that retail investors will follow the trend and buy—not because they have made a rational assessment of SpaceX's business value, but because they believe they are buying into \"the genius aura of Elon Musk.\"<br><br>However, this base of loyal followers alone is unlikely to sustain this financial illusion. Therefore, Musk's allies on Wall Street have stepped in to manipulate the rules of the game. Several major stock indices, particularly the Nasdaq-100 and the FTSE Russell indices, have recently changed their rules to pave the way for SpaceX's rapid inclusion.<br><br>It is important to understand that a company's inclusion in a major stock index carries significant financial benefits. A large portion of the market's stocks are held by \"index funds\"—mutual funds whose portfolios precisely replicate the components of major market indices. Therefore, once a stock is added to a major index, index funds are compelled to buy it, creating immediate demand.<br><br>Traditionally, major indices wait at least a year after a company's IPO before considering it for inclusion, allowing the stock price time to mature. The decision to make an exception and change the rules for SpaceX is clear proof that Musk has once again demonstrated his ability to co-opt and corrupt key institutions. (It is worth noting that the S&P 500 index resisted this pressure, insisting on waiting a year before deciding on SpaceX's inclusion.)<br><br>This leads to my central argument: Elon Musk's vast human Ponzi scheme will eventually collapse. Traditional Ponzi schemes only harm willing investors, but this time, a significant portion of the capital propping up Musk's scheme will come from ordinary Americans—who are, in effect, being forced to participate. Currently, approximately 52% of mutual fund assets are invested in index funds or index-linked funds, and over 50% of U.S. households hold mutual funds. The collusion between Musk and Wall Street, coupled with the widespread perception that the Trump administration is backing him, will result in the vast majority of ordinary investors being involuntarily drawn in as fuel for Musk's capital empire.<br><br></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nobel Laureate Labels Elon Musk a Human Ponzi Scheme</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNobel Laureate Labels Elon Musk a Human Ponzi Scheme\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-14 10:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.<br><br>Here is a compilation of the original text:<br><br>I embarked on a brief journey yesterday. First, I rode a local hyperloop train through a tunnel excavated by The Boring Company. Afterwards, I summoned a fully autonomous Tesla robotaxi via a neural interface. During the trip, I also read the latest news from the Martian colony.<br><br>Of course, none of that actually happened, because those products do not exist.<br><br>There are no operational hyperloop systems anywhere. The Boring Company has not constructed any commercial tunnels. <b>Tesla Motors</b> has deployed only a handful of autonomous, not fully self-driving, taxis in Austin, and nowhere else. (Waymo, owned by Google, operates driverless taxis in several major hubs.) Neuralink, which claims to pioneer brain-computer implants, has tested its product on only a few patients with no further progress. And, naturally, there is no Martian colony—no human has ever flown to Mars, nor is such a mission foreseeable in the near future.<br><br>Yet, over the past decade, Elon Musk has repeatedly promised that all these services would be available by 2025 at the latest, if not sooner.<br><br>It is undeniable that Musk has achieved some tangible successes. <b>Tesla Motors</b> seized an early lead in electric vehicles, and Starlink is not only a crucial service but also a profitable business.<br><br>However, these accomplishments are not what make Musk the world's richest person. In reality, his fortune has long been built on a self-fulfilling belief—investors, convinced of Musk's \"genius persona,\" pour money into the stocks of the companies he controls. The rising market valuations of these companies, in turn, reinforce his reputation as a genius.<br><br>There is a specific term for this type of enterprise: it appears successful because it can continuously attract new investors, and it can attract new investors because it appears successful. Such enterprises are called Ponzi schemes. Elon Musk is, in essence, a human Ponzi scheme.<br><br>Furthermore, the ongoing initial public offering (IPO) for SpaceX makes it clearer than ever that Musk's greatest skill lies not in developing future technology, but in financial sleight of hand and leveraging insider influence for profit—particularly his influence with the Trump administration.<br><br>To understand this, consider Musk's 2022 acquisition of Twitter, later renamed X. To finance the deal, investment banks lent Musk $13 billion, planning to quickly offload this debt to other investors. However, Musk subsequently transformed X into a platform rife with extreme right-wing rhetoric and permissive of Nazi ideology, destroying its business model and driving advertisers away. By the summer of 2024, X's valuation was less than half its purchase price. Selling the debt at that point would have meant a 40% loss for the banks, forcing them to hold onto the Twitter debt long-term. This directly led to a headline in The Wall Street Journal in August 2024: \"Elon Musk's Twitter Buyout Becomes Banking's Worst M&A Deal Since the Financial Crisis.\"<br><br>But two subsequent events rescued these banks and preserved Musk's future creditworthiness: the election of Donald Trump as U.S. President in 2024 and the rise of the artificial intelligence wave. After Trump's election, advertisers began returning to X, citing the need to curry favor with both Musk and Trump. In March 2025, Musk merged his newly formed AI company, xAI, with X, riding the soaring wave of AI hype to further inflate X's valuation and beautify his personal balance sheet.<br><br>Unfortunately for Musk, however, various evaluations indicate that the Grok large language model developed by xAI performs far worse than AI models from Anthropic and OpenAI and is widely considered unsafe and unreliable. The model has, at times, generated racist and antisemitic statements, even referring to itself as \"Mechanical Hitler.\" Trump administration officials pressured government agencies, including the Pentagon, to use Grok, but with little success.<br><br>Thus, Musk first rescued X by merging it into xAI, and is now attempting to rescue xAI by merging it into SpaceX—a company whose Starlink business is indeed a successful venture.<br><br>Today, SpaceX went public. Its IPO began trading on the Nasdaq at a share price implying a company valuation of $1.77 trillion. This is a company that reported revenue of just $18.7 billion last year and is operating at a loss.<br><br>What justifies such an astronomical valuation? Part of the core logic of this IPO relies on the assumption that retail investors will follow the trend and buy—not because they have made a rational assessment of SpaceX's business value, but because they believe they are buying into \"the genius aura of Elon Musk.\"<br><br>However, this base of loyal followers alone is unlikely to sustain this financial illusion. Therefore, Musk's allies on Wall Street have stepped in to manipulate the rules of the game. Several major stock indices, particularly the Nasdaq-100 and the FTSE Russell indices, have recently changed their rules to pave the way for SpaceX's rapid inclusion.<br><br>It is important to understand that a company's inclusion in a major stock index carries significant financial benefits. A large portion of the market's stocks are held by \"index funds\"—mutual funds whose portfolios precisely replicate the components of major market indices. Therefore, once a stock is added to a major index, index funds are compelled to buy it, creating immediate demand.<br><br>Traditionally, major indices wait at least a year after a company's IPO before considering it for inclusion, allowing the stock price time to mature. The decision to make an exception and change the rules for SpaceX is clear proof that Musk has once again demonstrated his ability to co-opt and corrupt key institutions. (It is worth noting that the S&P 500 index resisted this pressure, insisting on waiting a year before deciding on SpaceX's inclusion.)<br><br>This leads to my central argument: Elon Musk's vast human Ponzi scheme will eventually collapse. Traditional Ponzi schemes only harm willing investors, but this time, a significant portion of the capital propping up Musk's scheme will come from ordinary Americans—who are, in effect, being forced to participate. Currently, approximately 52% of mutual fund assets are invested in index funds or index-linked funds, and over 50% of U.S. households hold mutual funds. The collusion between Musk and Wall Street, coupled with the widespread perception that the Trump administration is backing him, will result in the vast majority of ordinary investors being involuntarily drawn in as fuel for Musk's capital empire.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","TSLO":"2倍上限加速TSLA ETF-Leverage Shares","TECS":"Direxion Daily Technology Bear 3X Shares",".IXIC":"NASDAQ Composite","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","ONEQ":"Fidelity NASDAQ Composite Index ETF","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","07366":"XI二南特斯","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","TSDD":"2倍做空TSLA ETF-GraniteShares","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","HXC":"纳斯达克中国金龙指数","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4527":"明星科技股","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","TSYY":"收益增强TSLA ETF-GraniteShares","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","FTEC":"Fidelity MSCI Information Techno","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","09366":"XI二南特斯-U","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","QID":"两倍做空纳斯达克指数ETF-ProShares","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","CRSH":"做空TSLA 期权收益策略ETF-YieldMax","NDX":"纳斯达克100指数","QQQ":"纳指100ETF","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","QQQA":"ProShares Nasdaq-100 Dorsey Wright Momentum ETF","TSLA":"特斯拉","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1548497426.USD":"安联环球人工智能AT Acc","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","QQQE":"Direxion NASDAQ-100 Equal Weighted Index Shares","TESL":"Simplify Volt TSLA Revolution ETF","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","NVIW.SI":"NVDA 3xLongSG261006","BK4574":"无人驾驶","TEST":"YieldMax TSLA Performance & Distribution Target 25 ETF","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","TSII":"REX TSLA Growth & Income ETF","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","TSL":"1.25倍做多TSLA ETF-GraniteShares","BK4581":"高盛持仓","BK4543":"AI","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","QQQJ":"Invesco NASDAQ Next Gen 100 ETF","TSLG":"2倍做多TSLA ETF-Leverage Shares","BK4511":"特斯拉概念","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","QLD":"2倍做多纳斯达克100指数ETF-ProShares","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLI":"2倍做多TSLA ETF-ProShares","BK4534":"瑞士信贷持仓","QQQM":"NASDAQ100指数ETF-Invesco","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","TSLL":"2倍做多TSLA ETF-Direxion","TQQQ":"纳指三倍做多ETF","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","TSLP":"TSLA收益溢价策略ETF-Kurv","TQQY":"GraniteShares YieldBOOST QQQ ETF","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4516":"特朗普概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4592":"伊斯兰概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4612":"AI芯片","GPIQ":"GOLDMAN SACHS NASDAQ 100 CORE PREMIUM INCOME ETF","TSLR":"2倍做多TSLA ETF-GraniteShares","TSLS":"1倍做空TSLA ETF-Direxion","BK4548":"巴美列捷福持仓","LU0823411888.USD":"法巴消费创新基金 Cap","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","TSLT":"2倍做多TSLA ETF-T-Rex","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","TSLW":"TSLA周配息ETF-Roundhill","QQQY":"Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF","SG9999015978.USD":"利安颠覆性创新基金A","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","QYLG":"Nasdaq 100 Covered Call & Growth ETF","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","TSLY":"TSLA期权收益策略ETF-YieldMax","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","TSLZ":"2倍做空TSLA ETF-T-Rex","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","BK4604":"机器人概念","BK4099":"汽车制造商","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2063271972.USD":"富兰克林创新领域基金","BK4555":"新能源车","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","TLA":"GraniteShares Autocallable TSLA ETF","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","PSQ":"做空纳斯达克100指数ETF-ProShares","IYW":"美国科技ETF-iShares","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","BK4550":"红杉资本持仓","07766":"南方两倍做多特斯拉","BK4588":"碎股","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","QDTE":"Roundhill N-100 0DTE Covered Call Strategy ETF","SQQQ":"纳指三倍做空ETF","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","JEPQ":"JPMorgan Nasdaq Equity Premium Income ETF","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","BK4598":"佩洛西持仓","BK4551":"寇图资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","09766":"南方两倍做多特斯拉-U","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100980292","content_text":"On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.Here is a compilation of the original text:I embarked on a brief journey yesterday. First, I rode a local hyperloop train through a tunnel excavated by The Boring Company. Afterwards, I summoned a fully autonomous Tesla robotaxi via a neural interface. During the trip, I also read the latest news from the Martian colony.Of course, none of that actually happened, because those products do not exist.There are no operational hyperloop systems anywhere. The Boring Company has not constructed any commercial tunnels. Tesla Motors has deployed only a handful of autonomous, not fully self-driving, taxis in Austin, and nowhere else. (Waymo, owned by Google, operates driverless taxis in several major hubs.) Neuralink, which claims to pioneer brain-computer implants, has tested its product on only a few patients with no further progress. And, naturally, there is no Martian colony—no human has ever flown to Mars, nor is such a mission foreseeable in the near future.Yet, over the past decade, Elon Musk has repeatedly promised that all these services would be available by 2025 at the latest, if not sooner.It is undeniable that Musk has achieved some tangible successes. Tesla Motors seized an early lead in electric vehicles, and Starlink is not only a crucial service but also a profitable business.However, these accomplishments are not what make Musk the world's richest person. In reality, his fortune has long been built on a self-fulfilling belief—investors, convinced of Musk's \"genius persona,\" pour money into the stocks of the companies he controls. The rising market valuations of these companies, in turn, reinforce his reputation as a genius.There is a specific term for this type of enterprise: it appears successful because it can continuously attract new investors, and it can attract new investors because it appears successful. Such enterprises are called Ponzi schemes. Elon Musk is, in essence, a human Ponzi scheme.Furthermore, the ongoing initial public offering (IPO) for SpaceX makes it clearer than ever that Musk's greatest skill lies not in developing future technology, but in financial sleight of hand and leveraging insider influence for profit—particularly his influence with the Trump administration.To understand this, consider Musk's 2022 acquisition of Twitter, later renamed X. To finance the deal, investment banks lent Musk $13 billion, planning to quickly offload this debt to other investors. However, Musk subsequently transformed X into a platform rife with extreme right-wing rhetoric and permissive of Nazi ideology, destroying its business model and driving advertisers away. By the summer of 2024, X's valuation was less than half its purchase price. Selling the debt at that point would have meant a 40% loss for the banks, forcing them to hold onto the Twitter debt long-term. This directly led to a headline in The Wall Street Journal in August 2024: \"Elon Musk's Twitter Buyout Becomes Banking's Worst M&A Deal Since the Financial Crisis.\"But two subsequent events rescued these banks and preserved Musk's future creditworthiness: the election of Donald Trump as U.S. President in 2024 and the rise of the artificial intelligence wave. After Trump's election, advertisers began returning to X, citing the need to curry favor with both Musk and Trump. In March 2025, Musk merged his newly formed AI company, xAI, with X, riding the soaring wave of AI hype to further inflate X's valuation and beautify his personal balance sheet.Unfortunately for Musk, however, various evaluations indicate that the Grok large language model developed by xAI performs far worse than AI models from Anthropic and OpenAI and is widely considered unsafe and unreliable. The model has, at times, generated racist and antisemitic statements, even referring to itself as \"Mechanical Hitler.\" Trump administration officials pressured government agencies, including the Pentagon, to use Grok, but with little success.Thus, Musk first rescued X by merging it into xAI, and is now attempting to rescue xAI by merging it into SpaceX—a company whose Starlink business is indeed a successful venture.Today, SpaceX went public. Its IPO began trading on the Nasdaq at a share price implying a company valuation of $1.77 trillion. This is a company that reported revenue of just $18.7 billion last year and is operating at a loss.What justifies such an astronomical valuation? Part of the core logic of this IPO relies on the assumption that retail investors will follow the trend and buy—not because they have made a rational assessment of SpaceX's business value, but because they believe they are buying into \"the genius aura of Elon Musk.\"However, this base of loyal followers alone is unlikely to sustain this financial illusion. Therefore, Musk's allies on Wall Street have stepped in to manipulate the rules of the game. Several major stock indices, particularly the Nasdaq-100 and the FTSE Russell indices, have recently changed their rules to pave the way for SpaceX's rapid inclusion.It is important to understand that a company's inclusion in a major stock index carries significant financial benefits. A large portion of the market's stocks are held by \"index funds\"—mutual funds whose portfolios precisely replicate the components of major market indices. Therefore, once a stock is added to a major index, index funds are compelled to buy it, creating immediate demand.Traditionally, major indices wait at least a year after a company's IPO before considering it for inclusion, allowing the stock price time to mature. The decision to make an exception and change the rules for SpaceX is clear proof that Musk has once again demonstrated his ability to co-opt and corrupt key institutions. (It is worth noting that the S&P 500 index resisted this pressure, insisting on waiting a year before deciding on SpaceX's inclusion.)This leads to my central argument: Elon Musk's vast human Ponzi scheme will eventually collapse. Traditional Ponzi schemes only harm willing investors, but this time, a significant portion of the capital propping up Musk's scheme will come from ordinary Americans—who are, in effect, being forced to participate. Currently, approximately 52% of mutual fund assets are invested in index funds or index-linked funds, and over 50% of U.S. households hold mutual funds. The collusion between Musk and Wall Street, coupled with the widespread perception that the Trump administration is backing him, will result in the vast majority of ordinary investors being involuntarily drawn in as fuel for Musk's capital empire.","news_type":1,"symbols_score_info":{"TQQQ":1,"PSQ":1,"FTEC":1,"GPIQ":1,".IXIC":1,"09766":1,"TEST":1,"TECS":1,"09366":1,"TSLP":1,"CRSH":1,"TSII":1,"TQQY":1,"TSYY":1,"NQmain":1,"SQQQ":1,"07366":1,"TSLT":1,"TSLS":1,"QQQE":1,"TSLI":1,"MNQmain":1,"TSLW":1,"TLA":1,"NVIW.SI":1,"TSDD":1,"QQQA":1,"QDTE":1,"TESL":1,"QQQ":1,"QQQJ":1,"TSLL":1,"TSLY":1,"07766":1,"QQQY":1,"TSL":1,"TSLZ":1,"NDX":1,"ONEQ":1,"JEPQ":1,"TSLG":1,"TSLA":1,"QYLG":1,"HXC":1,"IYW":1,"TSLQ":1,"QLD":1,"QQQM":1,"TSLR":1,"QID":1,"TSLO":1}},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":443900614558504,"gmtCreate":1749396479457,"gmtModify":1749396482655,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/443900614558504","repostId":"2541297888","repostType":2,"isVote":1,"tweetType":1,"viewCount":2908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":402414983307464,"gmtCreate":1739273439604,"gmtModify":1739273442808,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"htmlText":"Hi. Just a quick check. Do we need to close an&nbsp;expired option manually&nbsp;? Or it will close automatically in tiger broker?&nbsp;","listText":"Hi. Just a quick check. Do we need to close an&nbsp;expired option manually&nbsp;? Or it will close automatically in tiger broker?&nbsp;","text":"Hi. Just a quick check. Do we need to close an expired option manually ? Or it will close automatically in tiger broker?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/402414983307464","isVote":1,"tweetType":1,"viewCount":2961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209202974433392,"gmtCreate":1692098909905,"gmtModify":1692099272812,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209202974433392","repostId":"208726374035472","repostType":1,"repost":{"id":208726374035472,"gmtCreate":1691986656470,"gmtModify":1703547795938,"author":{"id":"3527667673047996","authorId":"3527667673047996","name":"SGX_Stars","avatar":"https://community-static.tradeup.com/news/e25c0d30145226f3d840902eeabbadbb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667673047996","authorIdStr":"3527667673047996"},"themes":[],"title":"Weekly Inflows and Outflows: DBS, UOB, Singtel, OCBC, The Hour Glass & Fortress Minerals","htmlText":"Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.DBS <a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a> ,&nbsp;UOB <a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$</a>,&nbsp;Singtel <a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$</a> ,&nbsp;Yangzijiang Shipbuilding <a href=\"https://ttm.financial/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a> and&nbsp;OCBC <a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a> led the net institutional inflow over the four sessions, while&nbsp;Venture Corpora","listText":"Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.DBS <a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a> ,&nbsp;UOB <a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$</a>,&nbsp;Singtel <a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$</a> ,&nbsp;Yangzijiang Shipbuilding <a href=\"https://ttm.financial/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a> and&nbsp;OCBC <a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a> led the net institutional inflow over the four sessions, while&nbsp;Venture Corpora","text":"Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.DBS $DBS GROUP HOLDINGS LTD(D05.SI)$ , UOB $UNITED OVERSEAS BANK LIMITED(U11.SI)$, Singtel $SINGTEL(Z74.SI)$ , Yangzijiang Shipbuilding $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ and OCBC $OVERSEA-CHINESE BANKING CORP(O39.SI)$ led the net institutional inflow over the four sessions, while Venture Corpora","images":[{"img":"https://community-static.tradeup.com/news/b03e129eb55902fee6738eba8ee9f6cf","width":"835","height":"429"},{"img":"https://community-static.tradeup.com/news/acc297b48bd311e5ca6f4f9031da94da","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/47395b9d2a3a45a4ceaffdcd5acb9f96","width":"560","height":"240"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208726374035472","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209203452751960,"gmtCreate":1692098895095,"gmtModify":1692099275475,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209203452751960","repostId":"208808568881184","repostType":1,"repost":{"id":208808568881184,"gmtCreate":1692006788045,"gmtModify":1692006825475,"author":{"id":"4102740236684050","authorId":"4102740236684050","name":"Maverick Options","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740236684050","authorIdStr":"4102740236684050"},"themes":[],"title":"MSCI Rebalance, Tencent to be the biggest winner?","htmlText":"Last week, MSCI announced the results of the August quarterly index review for all indices. The adjustments to the MSCI China Index include the addition of 29 new stocks and the removal of 19 stocks. Changes in the Hong Kong stock segment are as follows: Constituents- Added 1 stock: <a href=\"https://ttm.financial/S/03808\">$SINOTRUK(03808)$</a> - Removed 5 stocks: <a href=\"https://ttm.financial/S/03759\">$PHARMARON(03759)$</a> <a href=\"https://ttm.financial/S/03347\">$TIGERMED(03347)$</a> , <a href=\"https://ttm.financial/S/01385\">$SHANGHAI FUDAN(01385)$</a> , <a href=\"https://ttm.financial/S/02869\">$GREENTOWN SER(02869)$</a> and <a href=\"https://ttm.financial/S/02128\">$CHINA LESSO(02128)$</a> .WeightsThe total number of constituents after the adjustments has risen to 766, including 556 A-shar","listText":"Last week, MSCI announced the results of the August quarterly index review for all indices. The adjustments to the MSCI China Index include the addition of 29 new stocks and the removal of 19 stocks. Changes in the Hong Kong stock segment are as follows: Constituents- Added 1 stock: <a href=\"https://ttm.financial/S/03808\">$SINOTRUK(03808)$</a> - Removed 5 stocks: <a href=\"https://ttm.financial/S/03759\">$PHARMARON(03759)$</a> <a href=\"https://ttm.financial/S/03347\">$TIGERMED(03347)$</a> , <a href=\"https://ttm.financial/S/01385\">$SHANGHAI FUDAN(01385)$</a> , <a href=\"https://ttm.financial/S/02869\">$GREENTOWN SER(02869)$</a> and <a href=\"https://ttm.financial/S/02128\">$CHINA LESSO(02128)$</a> .WeightsThe total number of constituents after the adjustments has risen to 766, including 556 A-shar","text":"Last week, MSCI announced the results of the August quarterly index review for all indices. The adjustments to the MSCI China Index include the addition of 29 new stocks and the removal of 19 stocks. Changes in the Hong Kong stock segment are as follows: Constituents- Added 1 stock: $SINOTRUK(03808)$ - Removed 5 stocks: $PHARMARON(03759)$ $TIGERMED(03347)$ , $SHANGHAI FUDAN(01385)$ , $GREENTOWN SER(02869)$ and $CHINA LESSO(02128)$ .WeightsThe total number of constituents after the adjustments has risen to 766, including 556 A-shar","images":[{"img":"https://static.tigerbbs.com/ec6261b29cd8cefd02e513fd2197c5f6","width":"1461","height":"815"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208808568881184","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3969,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209203398942856,"gmtCreate":1692098883385,"gmtModify":1692099272759,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209203398942856","repostId":"208499191500976","repostType":1,"repost":{"id":208499191500976,"gmtCreate":1691927114043,"gmtModify":1691927287036,"author":{"id":"4098946491644790","authorId":"4098946491644790","name":"0QH","avatar":"https://community-static.tradeup.com/news/206a0719b8841030e1fd2bd6256fd46e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098946491644790","authorIdStr":"4098946491644790"},"themes":[],"title":"Why Selling Put Options on Tapestry Might be a Smart Move [Earnings Season]","htmlText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","listText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","text":"Introduction: In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on $Tapestry Inc.(TPR)$. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","images":[{"img":"https://community-static.tradeup.com/news/18e6691a8853ddaece69300d2e9539ef","width":"391","height":"253"},{"img":"https://community-static.tradeup.com/news/5d034d021b16cbf7741f7cda58f96594","width":"1597","height":"963"},{"img":"https://community-static.tradeup.com/news/a9bb06d206aadeacdf550ffa1ce96389","width":"1602","height":"978"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208499191500976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209202860642416,"gmtCreate":1692098882124,"gmtModify":1692099272752,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4147244040914782","authorIdStr":"4147244040914782"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209202860642416","repostId":"208499191500976","repostType":1,"repost":{"id":208499191500976,"gmtCreate":1691927114043,"gmtModify":1691927287036,"author":{"id":"4098946491644790","authorId":"4098946491644790","name":"0QH","avatar":"https://community-static.tradeup.com/news/206a0719b8841030e1fd2bd6256fd46e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098946491644790","authorIdStr":"4098946491644790"},"themes":[],"title":"Why Selling Put Options on Tapestry Might be a Smart Move [Earnings Season]","htmlText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","listText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","text":"Introduction: In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on $Tapestry Inc.(TPR)$. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","images":[{"img":"https://community-static.tradeup.com/news/18e6691a8853ddaece69300d2e9539ef","width":"391","height":"253"},{"img":"https://community-static.tradeup.com/news/5d034d021b16cbf7741f7cda58f96594","width":"1597","height":"963"},{"img":"https://community-static.tradeup.com/news/a9bb06d206aadeacdf550ffa1ce96389","width":"1602","height":"978"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208499191500976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":209202974433392,"gmtCreate":1692098909905,"gmtModify":1692099272812,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209202974433392","repostId":"208726374035472","repostType":1,"repost":{"id":208726374035472,"gmtCreate":1691986656470,"gmtModify":1703547795938,"author":{"id":"3527667673047996","authorId":"3527667673047996","name":"SGX_Stars","avatar":"https://community-static.tradeup.com/news/e25c0d30145226f3d840902eeabbadbb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667673047996","idStr":"3527667673047996"},"themes":[],"title":"Weekly Inflows and Outflows: DBS, UOB, Singtel, OCBC, The Hour Glass & Fortress Minerals","htmlText":"Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.DBS <a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a> ,&nbsp;UOB <a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$</a>,&nbsp;Singtel <a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$</a> ,&nbsp;Yangzijiang Shipbuilding <a href=\"https://ttm.financial/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a> and&nbsp;OCBC <a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a> led the net institutional inflow over the four sessions, while&nbsp;Venture Corpora","listText":"Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.DBS <a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a> ,&nbsp;UOB <a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$</a>,&nbsp;Singtel <a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$</a> ,&nbsp;Yangzijiang Shipbuilding <a href=\"https://ttm.financial/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a> and&nbsp;OCBC <a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a> led the net institutional inflow over the four sessions, while&nbsp;Venture Corpora","text":"Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.DBS $DBS GROUP HOLDINGS LTD(D05.SI)$ , UOB $UNITED OVERSEAS BANK LIMITED(U11.SI)$, Singtel $SINGTEL(Z74.SI)$ , Yangzijiang Shipbuilding $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ and OCBC $OVERSEA-CHINESE BANKING CORP(O39.SI)$ led the net institutional inflow over the four sessions, while Venture Corpora","images":[{"img":"https://community-static.tradeup.com/news/b03e129eb55902fee6738eba8ee9f6cf","width":"835","height":"429"},{"img":"https://community-static.tradeup.com/news/acc297b48bd311e5ca6f4f9031da94da","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/47395b9d2a3a45a4ceaffdcd5acb9f96","width":"560","height":"240"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208726374035472","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209203452751960,"gmtCreate":1692098895095,"gmtModify":1692099275475,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209203452751960","repostId":"208808568881184","repostType":1,"repost":{"id":208808568881184,"gmtCreate":1692006788045,"gmtModify":1692006825475,"author":{"id":"4102740236684050","authorId":"4102740236684050","name":"Maverick Options","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102740236684050","idStr":"4102740236684050"},"themes":[],"title":"MSCI Rebalance, Tencent to be the biggest winner?","htmlText":"Last week, MSCI announced the results of the August quarterly index review for all indices. The adjustments to the MSCI China Index include the addition of 29 new stocks and the removal of 19 stocks. Changes in the Hong Kong stock segment are as follows: Constituents- Added 1 stock: <a href=\"https://ttm.financial/S/03808\">$SINOTRUK(03808)$</a> - Removed 5 stocks: <a href=\"https://ttm.financial/S/03759\">$PHARMARON(03759)$</a> <a href=\"https://ttm.financial/S/03347\">$TIGERMED(03347)$</a> , <a href=\"https://ttm.financial/S/01385\">$SHANGHAI FUDAN(01385)$</a> , <a href=\"https://ttm.financial/S/02869\">$GREENTOWN SER(02869)$</a> and <a href=\"https://ttm.financial/S/02128\">$CHINA LESSO(02128)$</a> .WeightsThe total number of constituents after the adjustments has risen to 766, including 556 A-shar","listText":"Last week, MSCI announced the results of the August quarterly index review for all indices. The adjustments to the MSCI China Index include the addition of 29 new stocks and the removal of 19 stocks. Changes in the Hong Kong stock segment are as follows: Constituents- Added 1 stock: <a href=\"https://ttm.financial/S/03808\">$SINOTRUK(03808)$</a> - Removed 5 stocks: <a href=\"https://ttm.financial/S/03759\">$PHARMARON(03759)$</a> <a href=\"https://ttm.financial/S/03347\">$TIGERMED(03347)$</a> , <a href=\"https://ttm.financial/S/01385\">$SHANGHAI FUDAN(01385)$</a> , <a href=\"https://ttm.financial/S/02869\">$GREENTOWN SER(02869)$</a> and <a href=\"https://ttm.financial/S/02128\">$CHINA LESSO(02128)$</a> .WeightsThe total number of constituents after the adjustments has risen to 766, including 556 A-shar","text":"Last week, MSCI announced the results of the August quarterly index review for all indices. The adjustments to the MSCI China Index include the addition of 29 new stocks and the removal of 19 stocks. Changes in the Hong Kong stock segment are as follows: Constituents- Added 1 stock: $SINOTRUK(03808)$ - Removed 5 stocks: $PHARMARON(03759)$ $TIGERMED(03347)$ , $SHANGHAI FUDAN(01385)$ , $GREENTOWN SER(02869)$ and $CHINA LESSO(02128)$ .WeightsThe total number of constituents after the adjustments has risen to 766, including 556 A-shar","images":[{"img":"https://static.tigerbbs.com/ec6261b29cd8cefd02e513fd2197c5f6","width":"1461","height":"815"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208808568881184","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3969,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209203398942856,"gmtCreate":1692098883385,"gmtModify":1692099272759,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209203398942856","repostId":"208499191500976","repostType":1,"repost":{"id":208499191500976,"gmtCreate":1691927114043,"gmtModify":1691927287036,"author":{"id":"4098946491644790","authorId":"4098946491644790","name":"0QH","avatar":"https://community-static.tradeup.com/news/206a0719b8841030e1fd2bd6256fd46e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098946491644790","idStr":"4098946491644790"},"themes":[],"title":"Why Selling Put Options on Tapestry Might be a Smart Move [Earnings Season]","htmlText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","listText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","text":"Introduction: In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on $Tapestry Inc.(TPR)$. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","images":[{"img":"https://community-static.tradeup.com/news/18e6691a8853ddaece69300d2e9539ef","width":"391","height":"253"},{"img":"https://community-static.tradeup.com/news/5d034d021b16cbf7741f7cda58f96594","width":"1597","height":"963"},{"img":"https://community-static.tradeup.com/news/a9bb06d206aadeacdf550ffa1ce96389","width":"1602","height":"978"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208499191500976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209202860642416,"gmtCreate":1692098882124,"gmtModify":1692099272752,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209202860642416","repostId":"208499191500976","repostType":1,"repost":{"id":208499191500976,"gmtCreate":1691927114043,"gmtModify":1691927287036,"author":{"id":"4098946491644790","authorId":"4098946491644790","name":"0QH","avatar":"https://community-static.tradeup.com/news/206a0719b8841030e1fd2bd6256fd46e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098946491644790","idStr":"4098946491644790"},"themes":[],"title":"Why Selling Put Options on Tapestry Might be a Smart Move [Earnings Season]","htmlText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","listText":"Introduction: &nbsp;In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on <a href=\"https://ttm.financial/S/TPR\">$Tapestry Inc.(TPR)$</a>. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","text":"Introduction: In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on $Tapestry Inc.(TPR)$. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr","images":[{"img":"https://community-static.tradeup.com/news/18e6691a8853ddaece69300d2e9539ef","width":"391","height":"253"},{"img":"https://community-static.tradeup.com/news/5d034d021b16cbf7741f7cda58f96594","width":"1597","height":"963"},{"img":"https://community-static.tradeup.com/news/a9bb06d206aadeacdf550ffa1ce96389","width":"1602","height":"978"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/208499191500976","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":575580359435368,"gmtCreate":1781530942215,"gmtModify":1781530945091,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/575580359435368","repostId":"1100980292","repostType":2,"repost":{"id":"1100980292","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1781403733,"share":"https://ttm.financial/m/news/1100980292?lang=en_US&edition=fundamental","pubTime":"2026-06-14 10:22","market":"sh","language":"en","title":"Nobel Laureate Labels Elon Musk a Human Ponzi Scheme","url":"https://stock-news.laohu8.com/highlight/detail?id=1100980292","media":"Deep News","summary":"On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.Here is a compilation of the...","content":"<p>On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.<br><br>Here is a compilation of the original text:<br><br>I embarked on a brief journey yesterday. First, I rode a local hyperloop train through a tunnel excavated by The Boring Company. Afterwards, I summoned a fully autonomous Tesla robotaxi via a neural interface. During the trip, I also read the latest news from the Martian colony.<br><br>Of course, none of that actually happened, because those products do not exist.<br><br>There are no operational hyperloop systems anywhere. The Boring Company has not constructed any commercial tunnels. <b>Tesla Motors</b> has deployed only a handful of autonomous, not fully self-driving, taxis in Austin, and nowhere else. (Waymo, owned by Google, operates driverless taxis in several major hubs.) Neuralink, which claims to pioneer brain-computer implants, has tested its product on only a few patients with no further progress. And, naturally, there is no Martian colony—no human has ever flown to Mars, nor is such a mission foreseeable in the near future.<br><br>Yet, over the past decade, Elon Musk has repeatedly promised that all these services would be available by 2025 at the latest, if not sooner.<br><br>It is undeniable that Musk has achieved some tangible successes. <b>Tesla Motors</b> seized an early lead in electric vehicles, and Starlink is not only a crucial service but also a profitable business.<br><br>However, these accomplishments are not what make Musk the world's richest person. In reality, his fortune has long been built on a self-fulfilling belief—investors, convinced of Musk's \"genius persona,\" pour money into the stocks of the companies he controls. The rising market valuations of these companies, in turn, reinforce his reputation as a genius.<br><br>There is a specific term for this type of enterprise: it appears successful because it can continuously attract new investors, and it can attract new investors because it appears successful. Such enterprises are called Ponzi schemes. Elon Musk is, in essence, a human Ponzi scheme.<br><br>Furthermore, the ongoing initial public offering (IPO) for SpaceX makes it clearer than ever that Musk's greatest skill lies not in developing future technology, but in financial sleight of hand and leveraging insider influence for profit—particularly his influence with the Trump administration.<br><br>To understand this, consider Musk's 2022 acquisition of Twitter, later renamed X. To finance the deal, investment banks lent Musk $13 billion, planning to quickly offload this debt to other investors. However, Musk subsequently transformed X into a platform rife with extreme right-wing rhetoric and permissive of Nazi ideology, destroying its business model and driving advertisers away. By the summer of 2024, X's valuation was less than half its purchase price. Selling the debt at that point would have meant a 40% loss for the banks, forcing them to hold onto the Twitter debt long-term. This directly led to a headline in The Wall Street Journal in August 2024: \"Elon Musk's Twitter Buyout Becomes Banking's Worst M&A Deal Since the Financial Crisis.\"<br><br>But two subsequent events rescued these banks and preserved Musk's future creditworthiness: the election of Donald Trump as U.S. President in 2024 and the rise of the artificial intelligence wave. After Trump's election, advertisers began returning to X, citing the need to curry favor with both Musk and Trump. In March 2025, Musk merged his newly formed AI company, xAI, with X, riding the soaring wave of AI hype to further inflate X's valuation and beautify his personal balance sheet.<br><br>Unfortunately for Musk, however, various evaluations indicate that the Grok large language model developed by xAI performs far worse than AI models from Anthropic and OpenAI and is widely considered unsafe and unreliable. The model has, at times, generated racist and antisemitic statements, even referring to itself as \"Mechanical Hitler.\" Trump administration officials pressured government agencies, including the Pentagon, to use Grok, but with little success.<br><br>Thus, Musk first rescued X by merging it into xAI, and is now attempting to rescue xAI by merging it into SpaceX—a company whose Starlink business is indeed a successful venture.<br><br>Today, SpaceX went public. Its IPO began trading on the Nasdaq at a share price implying a company valuation of $1.77 trillion. This is a company that reported revenue of just $18.7 billion last year and is operating at a loss.<br><br>What justifies such an astronomical valuation? Part of the core logic of this IPO relies on the assumption that retail investors will follow the trend and buy—not because they have made a rational assessment of SpaceX's business value, but because they believe they are buying into \"the genius aura of Elon Musk.\"<br><br>However, this base of loyal followers alone is unlikely to sustain this financial illusion. Therefore, Musk's allies on Wall Street have stepped in to manipulate the rules of the game. Several major stock indices, particularly the Nasdaq-100 and the FTSE Russell indices, have recently changed their rules to pave the way for SpaceX's rapid inclusion.<br><br>It is important to understand that a company's inclusion in a major stock index carries significant financial benefits. A large portion of the market's stocks are held by \"index funds\"—mutual funds whose portfolios precisely replicate the components of major market indices. Therefore, once a stock is added to a major index, index funds are compelled to buy it, creating immediate demand.<br><br>Traditionally, major indices wait at least a year after a company's IPO before considering it for inclusion, allowing the stock price time to mature. The decision to make an exception and change the rules for SpaceX is clear proof that Musk has once again demonstrated his ability to co-opt and corrupt key institutions. (It is worth noting that the S&P 500 index resisted this pressure, insisting on waiting a year before deciding on SpaceX's inclusion.)<br><br>This leads to my central argument: Elon Musk's vast human Ponzi scheme will eventually collapse. Traditional Ponzi schemes only harm willing investors, but this time, a significant portion of the capital propping up Musk's scheme will come from ordinary Americans—who are, in effect, being forced to participate. Currently, approximately 52% of mutual fund assets are invested in index funds or index-linked funds, and over 50% of U.S. households hold mutual funds. The collusion between Musk and Wall Street, coupled with the widespread perception that the Trump administration is backing him, will result in the vast majority of ordinary investors being involuntarily drawn in as fuel for Musk's capital empire.<br><br></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nobel Laureate Labels Elon Musk a Human Ponzi Scheme</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNobel Laureate Labels Elon Musk a Human Ponzi Scheme\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-14 10:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.<br><br>Here is a compilation of the original text:<br><br>I embarked on a brief journey yesterday. First, I rode a local hyperloop train through a tunnel excavated by The Boring Company. Afterwards, I summoned a fully autonomous Tesla robotaxi via a neural interface. During the trip, I also read the latest news from the Martian colony.<br><br>Of course, none of that actually happened, because those products do not exist.<br><br>There are no operational hyperloop systems anywhere. The Boring Company has not constructed any commercial tunnels. <b>Tesla Motors</b> has deployed only a handful of autonomous, not fully self-driving, taxis in Austin, and nowhere else. (Waymo, owned by Google, operates driverless taxis in several major hubs.) Neuralink, which claims to pioneer brain-computer implants, has tested its product on only a few patients with no further progress. And, naturally, there is no Martian colony—no human has ever flown to Mars, nor is such a mission foreseeable in the near future.<br><br>Yet, over the past decade, Elon Musk has repeatedly promised that all these services would be available by 2025 at the latest, if not sooner.<br><br>It is undeniable that Musk has achieved some tangible successes. <b>Tesla Motors</b> seized an early lead in electric vehicles, and Starlink is not only a crucial service but also a profitable business.<br><br>However, these accomplishments are not what make Musk the world's richest person. In reality, his fortune has long been built on a self-fulfilling belief—investors, convinced of Musk's \"genius persona,\" pour money into the stocks of the companies he controls. The rising market valuations of these companies, in turn, reinforce his reputation as a genius.<br><br>There is a specific term for this type of enterprise: it appears successful because it can continuously attract new investors, and it can attract new investors because it appears successful. Such enterprises are called Ponzi schemes. Elon Musk is, in essence, a human Ponzi scheme.<br><br>Furthermore, the ongoing initial public offering (IPO) for SpaceX makes it clearer than ever that Musk's greatest skill lies not in developing future technology, but in financial sleight of hand and leveraging insider influence for profit—particularly his influence with the Trump administration.<br><br>To understand this, consider Musk's 2022 acquisition of Twitter, later renamed X. To finance the deal, investment banks lent Musk $13 billion, planning to quickly offload this debt to other investors. However, Musk subsequently transformed X into a platform rife with extreme right-wing rhetoric and permissive of Nazi ideology, destroying its business model and driving advertisers away. By the summer of 2024, X's valuation was less than half its purchase price. Selling the debt at that point would have meant a 40% loss for the banks, forcing them to hold onto the Twitter debt long-term. This directly led to a headline in The Wall Street Journal in August 2024: \"Elon Musk's Twitter Buyout Becomes Banking's Worst M&A Deal Since the Financial Crisis.\"<br><br>But two subsequent events rescued these banks and preserved Musk's future creditworthiness: the election of Donald Trump as U.S. President in 2024 and the rise of the artificial intelligence wave. After Trump's election, advertisers began returning to X, citing the need to curry favor with both Musk and Trump. In March 2025, Musk merged his newly formed AI company, xAI, with X, riding the soaring wave of AI hype to further inflate X's valuation and beautify his personal balance sheet.<br><br>Unfortunately for Musk, however, various evaluations indicate that the Grok large language model developed by xAI performs far worse than AI models from Anthropic and OpenAI and is widely considered unsafe and unreliable. The model has, at times, generated racist and antisemitic statements, even referring to itself as \"Mechanical Hitler.\" Trump administration officials pressured government agencies, including the Pentagon, to use Grok, but with little success.<br><br>Thus, Musk first rescued X by merging it into xAI, and is now attempting to rescue xAI by merging it into SpaceX—a company whose Starlink business is indeed a successful venture.<br><br>Today, SpaceX went public. Its IPO began trading on the Nasdaq at a share price implying a company valuation of $1.77 trillion. This is a company that reported revenue of just $18.7 billion last year and is operating at a loss.<br><br>What justifies such an astronomical valuation? Part of the core logic of this IPO relies on the assumption that retail investors will follow the trend and buy—not because they have made a rational assessment of SpaceX's business value, but because they believe they are buying into \"the genius aura of Elon Musk.\"<br><br>However, this base of loyal followers alone is unlikely to sustain this financial illusion. Therefore, Musk's allies on Wall Street have stepped in to manipulate the rules of the game. Several major stock indices, particularly the Nasdaq-100 and the FTSE Russell indices, have recently changed their rules to pave the way for SpaceX's rapid inclusion.<br><br>It is important to understand that a company's inclusion in a major stock index carries significant financial benefits. A large portion of the market's stocks are held by \"index funds\"—mutual funds whose portfolios precisely replicate the components of major market indices. Therefore, once a stock is added to a major index, index funds are compelled to buy it, creating immediate demand.<br><br>Traditionally, major indices wait at least a year after a company's IPO before considering it for inclusion, allowing the stock price time to mature. The decision to make an exception and change the rules for SpaceX is clear proof that Musk has once again demonstrated his ability to co-opt and corrupt key institutions. (It is worth noting that the S&P 500 index resisted this pressure, insisting on waiting a year before deciding on SpaceX's inclusion.)<br><br>This leads to my central argument: Elon Musk's vast human Ponzi scheme will eventually collapse. Traditional Ponzi schemes only harm willing investors, but this time, a significant portion of the capital propping up Musk's scheme will come from ordinary Americans—who are, in effect, being forced to participate. Currently, approximately 52% of mutual fund assets are invested in index funds or index-linked funds, and over 50% of U.S. households hold mutual funds. The collusion between Musk and Wall Street, coupled with the widespread perception that the Trump administration is backing him, will result in the vast majority of ordinary investors being involuntarily drawn in as fuel for Musk's capital empire.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","TSLO":"2倍上限加速TSLA ETF-Leverage Shares","TECS":"Direxion Daily Technology Bear 3X Shares",".IXIC":"NASDAQ Composite","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","ONEQ":"Fidelity NASDAQ Composite Index ETF","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","07366":"XI二南特斯","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","TSDD":"2倍做空TSLA ETF-GraniteShares","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","HXC":"纳斯达克中国金龙指数","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4527":"明星科技股","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","TSYY":"收益增强TSLA ETF-GraniteShares","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","FTEC":"Fidelity MSCI Information Techno","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","09366":"XI二南特斯-U","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","QID":"两倍做空纳斯达克指数ETF-ProShares","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","CRSH":"做空TSLA 期权收益策略ETF-YieldMax","NDX":"纳斯达克100指数","QQQ":"纳指100ETF","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","QQQA":"ProShares Nasdaq-100 Dorsey Wright Momentum ETF","TSLA":"特斯拉","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1548497426.USD":"安联环球人工智能AT Acc","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","QQQE":"Direxion NASDAQ-100 Equal Weighted Index Shares","TESL":"Simplify Volt TSLA Revolution ETF","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","NVIW.SI":"NVDA 3xLongSG261006","BK4574":"无人驾驶","TEST":"YieldMax TSLA Performance & Distribution Target 25 ETF","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","TSII":"REX TSLA Growth & Income ETF","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","TSL":"1.25倍做多TSLA ETF-GraniteShares","BK4581":"高盛持仓","BK4543":"AI","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","QQQJ":"Invesco NASDAQ Next Gen 100 ETF","TSLG":"2倍做多TSLA ETF-Leverage Shares","BK4511":"特斯拉概念","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","QLD":"2倍做多纳斯达克100指数ETF-ProShares","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLI":"2倍做多TSLA ETF-ProShares","BK4534":"瑞士信贷持仓","QQQM":"NASDAQ100指数ETF-Invesco","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","TSLL":"2倍做多TSLA ETF-Direxion","TQQQ":"纳指三倍做多ETF","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","TSLP":"TSLA收益溢价策略ETF-Kurv","TQQY":"GraniteShares YieldBOOST QQQ ETF","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4516":"特朗普概念","TSLQ":"2倍做空TSLA ETF-Tradr","BK4592":"伊斯兰概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4612":"AI芯片","GPIQ":"GOLDMAN SACHS NASDAQ 100 CORE PREMIUM INCOME ETF","TSLR":"2倍做多TSLA ETF-GraniteShares","TSLS":"1倍做空TSLA ETF-Direxion","BK4548":"巴美列捷福持仓","LU0823411888.USD":"法巴消费创新基金 Cap","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","TSLT":"2倍做多TSLA ETF-T-Rex","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","TSLW":"TSLA周配息ETF-Roundhill","QQQY":"Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF","SG9999015978.USD":"利安颠覆性创新基金A","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","QYLG":"Nasdaq 100 Covered Call & Growth ETF","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","TSLY":"TSLA期权收益策略ETF-YieldMax","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","TSLZ":"2倍做空TSLA ETF-T-Rex","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","BK4604":"机器人概念","BK4099":"汽车制造商","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2063271972.USD":"富兰克林创新领域基金","BK4555":"新能源车","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","TLA":"GraniteShares Autocallable TSLA ETF","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","PSQ":"做空纳斯达克100指数ETF-ProShares","IYW":"美国科技ETF-iShares","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","BK4550":"红杉资本持仓","07766":"南方两倍做多特斯拉","BK4588":"碎股","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","QDTE":"Roundhill N-100 0DTE Covered Call Strategy ETF","SQQQ":"纳指三倍做空ETF","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","JEPQ":"JPMorgan Nasdaq Equity Premium Income ETF","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","BK4598":"佩洛西持仓","BK4551":"寇图资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","09766":"南方两倍做多特斯拉-U","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100980292","content_text":"On June 12 local time, Nobel Prize-winning economist Paul Krugman published an article characterizing the world's wealthiest individual, Elon Musk, as a Ponzi scheme.Here is a compilation of the original text:I embarked on a brief journey yesterday. First, I rode a local hyperloop train through a tunnel excavated by The Boring Company. Afterwards, I summoned a fully autonomous Tesla robotaxi via a neural interface. During the trip, I also read the latest news from the Martian colony.Of course, none of that actually happened, because those products do not exist.There are no operational hyperloop systems anywhere. The Boring Company has not constructed any commercial tunnels. Tesla Motors has deployed only a handful of autonomous, not fully self-driving, taxis in Austin, and nowhere else. (Waymo, owned by Google, operates driverless taxis in several major hubs.) Neuralink, which claims to pioneer brain-computer implants, has tested its product on only a few patients with no further progress. And, naturally, there is no Martian colony—no human has ever flown to Mars, nor is such a mission foreseeable in the near future.Yet, over the past decade, Elon Musk has repeatedly promised that all these services would be available by 2025 at the latest, if not sooner.It is undeniable that Musk has achieved some tangible successes. Tesla Motors seized an early lead in electric vehicles, and Starlink is not only a crucial service but also a profitable business.However, these accomplishments are not what make Musk the world's richest person. In reality, his fortune has long been built on a self-fulfilling belief—investors, convinced of Musk's \"genius persona,\" pour money into the stocks of the companies he controls. The rising market valuations of these companies, in turn, reinforce his reputation as a genius.There is a specific term for this type of enterprise: it appears successful because it can continuously attract new investors, and it can attract new investors because it appears successful. Such enterprises are called Ponzi schemes. Elon Musk is, in essence, a human Ponzi scheme.Furthermore, the ongoing initial public offering (IPO) for SpaceX makes it clearer than ever that Musk's greatest skill lies not in developing future technology, but in financial sleight of hand and leveraging insider influence for profit—particularly his influence with the Trump administration.To understand this, consider Musk's 2022 acquisition of Twitter, later renamed X. To finance the deal, investment banks lent Musk $13 billion, planning to quickly offload this debt to other investors. However, Musk subsequently transformed X into a platform rife with extreme right-wing rhetoric and permissive of Nazi ideology, destroying its business model and driving advertisers away. By the summer of 2024, X's valuation was less than half its purchase price. Selling the debt at that point would have meant a 40% loss for the banks, forcing them to hold onto the Twitter debt long-term. This directly led to a headline in The Wall Street Journal in August 2024: \"Elon Musk's Twitter Buyout Becomes Banking's Worst M&A Deal Since the Financial Crisis.\"But two subsequent events rescued these banks and preserved Musk's future creditworthiness: the election of Donald Trump as U.S. President in 2024 and the rise of the artificial intelligence wave. After Trump's election, advertisers began returning to X, citing the need to curry favor with both Musk and Trump. In March 2025, Musk merged his newly formed AI company, xAI, with X, riding the soaring wave of AI hype to further inflate X's valuation and beautify his personal balance sheet.Unfortunately for Musk, however, various evaluations indicate that the Grok large language model developed by xAI performs far worse than AI models from Anthropic and OpenAI and is widely considered unsafe and unreliable. The model has, at times, generated racist and antisemitic statements, even referring to itself as \"Mechanical Hitler.\" Trump administration officials pressured government agencies, including the Pentagon, to use Grok, but with little success.Thus, Musk first rescued X by merging it into xAI, and is now attempting to rescue xAI by merging it into SpaceX—a company whose Starlink business is indeed a successful venture.Today, SpaceX went public. Its IPO began trading on the Nasdaq at a share price implying a company valuation of $1.77 trillion. This is a company that reported revenue of just $18.7 billion last year and is operating at a loss.What justifies such an astronomical valuation? Part of the core logic of this IPO relies on the assumption that retail investors will follow the trend and buy—not because they have made a rational assessment of SpaceX's business value, but because they believe they are buying into \"the genius aura of Elon Musk.\"However, this base of loyal followers alone is unlikely to sustain this financial illusion. Therefore, Musk's allies on Wall Street have stepped in to manipulate the rules of the game. Several major stock indices, particularly the Nasdaq-100 and the FTSE Russell indices, have recently changed their rules to pave the way for SpaceX's rapid inclusion.It is important to understand that a company's inclusion in a major stock index carries significant financial benefits. A large portion of the market's stocks are held by \"index funds\"—mutual funds whose portfolios precisely replicate the components of major market indices. Therefore, once a stock is added to a major index, index funds are compelled to buy it, creating immediate demand.Traditionally, major indices wait at least a year after a company's IPO before considering it for inclusion, allowing the stock price time to mature. The decision to make an exception and change the rules for SpaceX is clear proof that Musk has once again demonstrated his ability to co-opt and corrupt key institutions. (It is worth noting that the S&P 500 index resisted this pressure, insisting on waiting a year before deciding on SpaceX's inclusion.)This leads to my central argument: Elon Musk's vast human Ponzi scheme will eventually collapse. Traditional Ponzi schemes only harm willing investors, but this time, a significant portion of the capital propping up Musk's scheme will come from ordinary Americans—who are, in effect, being forced to participate. Currently, approximately 52% of mutual fund assets are invested in index funds or index-linked funds, and over 50% of U.S. households hold mutual funds. The collusion between Musk and Wall Street, coupled with the widespread perception that the Trump administration is backing him, will result in the vast majority of ordinary investors being involuntarily drawn in as fuel for Musk's capital empire.","news_type":1,"symbols_score_info":{"TQQQ":1,"PSQ":1,"FTEC":1,"GPIQ":1,".IXIC":1,"09766":1,"TEST":1,"TECS":1,"09366":1,"TSLP":1,"CRSH":1,"TSII":1,"TQQY":1,"TSYY":1,"NQmain":1,"SQQQ":1,"07366":1,"TSLT":1,"TSLS":1,"QQQE":1,"TSLI":1,"MNQmain":1,"TSLW":1,"TLA":1,"NVIW.SI":1,"TSDD":1,"QQQA":1,"QDTE":1,"TESL":1,"QQQ":1,"QQQJ":1,"TSLL":1,"TSLY":1,"07766":1,"QQQY":1,"TSL":1,"TSLZ":1,"NDX":1,"ONEQ":1,"JEPQ":1,"TSLG":1,"TSLA":1,"QYLG":1,"HXC":1,"IYW":1,"TSLQ":1,"QLD":1,"QQQM":1,"TSLR":1,"QID":1,"TSLO":1}},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":443900614558504,"gmtCreate":1749396479457,"gmtModify":1749396482655,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/443900614558504","repostId":"2541297888","repostType":2,"repost":{"id":"2541297888","kind":"highlight","weMediaInfo":{"introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"media_name":"TradingKey","id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"pubTimestamp":1749174177,"share":"https://ttm.financial/m/news/2541297888?lang=en_US&edition=fundamental","pubTime":"2025-06-06 09:42","market":"sg","language":"en","title":"Warren Buffett’s 2025 Portfolio: A Defensive Giant Balancing Legacy Bets with Strategic Discipline","url":"https://stock-news.laohu8.com/highlight/detail?id=2541297888","media":"TradingKey","summary":"TradingKey - As of March 31, 2025, Warren Buffett’s Berkshire Hathaway holds a $258.7 billion equity portfolio spread across 36 stocks. The Oracle of Omaha hasn’t made a new buy this quarter, and turnover remains minimal at 1%. But beneath that still surface lies a quietly evolving strategy shaped..","content":"<html><body><p dir=\"ltr\"><span>TradingKey - </span><i><em>As of March 31, 2025, Warren Buffett’s Berkshire Hathaway holds a $258.7 billion equity portfolio spread across 36 stocks. The Oracle of Omaha hasn’t made a new buy this quarter, and turnover remains minimal at 1%. But beneath that still surface lies a quietly evolving strategy shaped by rising rates, sector rotations, and valuation discipline.</em></i></p><h2 dir=\"ltr\"><span>An Under Pressure Legacy Portfolio</span></h2><p dir=\"ltr\"><span>Buffett's biggest position is still Apple (AAPL), holding 25.76% of the portfolio or $66.6 billion. Cracks are appearing, though. Apple fell 12.45% YTD, lagging the wider market following iPhone selling declines and regulatory threats. Berkshire has not reduced its holding, but the size of this holding is becoming a double-edged sword, still cash-generating, but less of a growth vehicle than it was in previous years.</span></p><p dir=\"ltr\"><span>Buffett's relative underperformance serves to reinforce the overall theme of 2025: resilience rather than reinvention. Other funds are moving toward AI companies and turnarounds, but Berkshire is embracing stability instead. Trade-offs, however, accompany this approach. Concentration within the portfolio has picked up, and the diminishing weight of Apple has pulled down aggregate performance.</span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/05f20e8ad1a44ff7a8b3f73a33ab39021 (5).png\" width=\"inherit\"/></p><h2 dir=\"ltr\"><span>American Express, Coca-Cola, and the Moat Mentality</span></h2><p dir=\"ltr\"><span>Two of Buffett's most famous holdings, American Express (AXP) and Coca-Cola (KO), are worth 15.77% and 11.07% of the portfolio, respectively. Both are showing once more why Buffett values moats and brand strength. American Express has had modest appreciation in price and sticky consumer outlays, keeping Buffett safe during the tech downtrend. Coca-Cola, meanwhile, is 6.87% higher YTD, thanks to global reopening patterns and inflationary environment pricing power.</span></p><p dir=\"ltr\"><span>Legacy bets are ballast in uncertain times. But they are also reflective of a larger Berkshire maxim: bet on what you know, stay in patiently, and earn dividends along the way. It’s not one which gets the AI-starved investor’s pulse racing, but it’s one which works notwithstanding.</span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/69f8c180d2994329b005b8e3bd4c79d12 (4).png\" width=\"inherit\"/></p><h2 dir=\"ltr\"><span>Energy Bets: A Contrarian View Under Siege</span></h2><p dir=\"ltr\"><span>One of Buffett's energy stocks, Chevron (CVX), and Occidental Petroleum (OXY) have fallen in 2025 by 12.25% and 14.15%, respectively. Together, they constitute almost $33 billion of the portfolio, with Occidental accounting for as much as 26.9% of company ownership alone. Whereas oil prices have stabilized, the larger ESG theme plus diminishing upstream margins are being felt.</span></p><p dir=\"ltr\"><span>Berkshire's argument, that fossil fuels are still needed, particularly in underinvested production basins, is unscathed. But the market is not yet rewarding patience. Berkshire added modestly to its stake in Q1 (+763K shares), which demonstrated ongoing faith, but this wager is being tested more than others.</span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/0a44bfe1afee442fa22e32b9af5af8443 (5).png\" width=\"inherit\"/></p><h3 dir=\"ltr\"><b><strong>Financials: Subdued Cuts and Defensive Posture</strong></b></h3><p dir=\"ltr\"><span>Berkshire cut its holding in Bank of America (BAC) by 7.15% during Q1 2025, lowering exposure to the holding which is now worth $26.4 billion, or 10.19% of the portfolio. The bank's slight YTD loss (-0.45%) is in line with sector-wide pressures ranging from rising funding to sluggish loan expansion.</span></p><p dir=\"ltr\"><span>Moody’s (MCO) is, though, left unscathed and unchanged at 4.44% of the portfolio. </span><span>The rating agency business offers recurring cash flows, which are attractive to Buffett’s preference for capital-light enterprises. Mid-tier holdings are rounded out by Chubb Ltd (CB) at 3.16% and DaVita (DVA) at 2.08%. Of note is that DaVita was reduced several times during Q1 and May 2025, likely due to compressed margins and reimbursement risk. The gradual trimming reflects Buffett aggressively eliminating underperformers, although he’s not aggressively making new bets. </span></p><h2 dir=\"ltr\"><span>Turnover Relates to Your Business Story </span></h2><p dir=\"ltr\"><span>Though Q1 had no new buys, Berkshire's turnover history needs to be read between the lines. The collective amount of the fund has declined to $258.7 billion from the levels of $351.9 billion in late 2023, down by almost $93 billion over five quarters. The reason was not aggressive selling, but rather the interplay of mark-to-market losses combined with disciplined trimming. Turnover is still very-low at 1%, sustaining Buffett’s risk-averse image. With this complacency, though, comes reduced exposure to emerging trends like AI, cloud infrastructure, and semiconductors. With Nvidia becoming the new Apple, Berkshire’s aversion to risk can be seen as increasingly dated to newer generations of investors who crave the latest innovation. </span></p><h2 dir=\"ltr\"><span>Strategic Additions: A Few, but Notable </span></h2><p dir=\"ltr\"><span>There are some repositioning signs to be seen. Notable additions are: Constellation Brands (STZ): A significant leap (+113%) to 12M shares evidencing added investment in premium beverage plays. Both Domino's Pizza (DPZ) and Pool Corp (POOL) moved higher, signs of selective consumer-facing exposure in scalable, asset-light business models. Sirius XM (SIRI) and Heico Corp (HEI.A) added pretty modestly, small plays, perhaps, but could be testing grounds for broader conviction. These do not amount to much in dollar terms but are worth noting. Buffett can selectively be experimenting with newer ideas without rocking the core. </span></p><h2 dir=\"ltr\"><span>Risk Factors: Concentration, Succession, and Business Cycles </span></h2><p dir=\"ltr\"><span>Concentration risk becomes apparent here. Near enough to 53% of Berkshire's investment holdings reside in only three holdings: Apple, American Express, and Coca-Cola. That gives it stability, but also vulnerability should one of them decline (like Apple now). There is still succession uncertainty. Even though Greg Abel is widely being considered to succeed, institutional investors are not certain as to whether the investment style's continuity after Buffet is secured. Will the next generation be as conservative as Buffett, or transition more aggressively? Long at last, market cycle sensitivity has returned.</span></p><p dir=\"ltr\"><span>Berkshire's excess exposure to consumer, energy, and finance makes it more defensive but less responsive to secular trends dominant in the market presently, such as green energy, cloud computing, and artificial intelligence </span></p><h2 dir=\"ltr\"><span>Performance versus the S&amp;P 500: A Mixed Bag </span></h2><p dir=\"ltr\"><span>Berkshire has posted decent returns in recent times, 25.5% in 2024 versus 23.3% for the S&amp;P 500. Its long-term performance, however, has been less stellar in recent tech-fueled bull cycles. It returned 15.8% in 2023, behind the 24.2% gain of the S&amp;P. It lagged by over 13 and 17 percentage points in 2020 and 2019, respectively. </span></p><p dir=\"ltr\"><span>However, its ability to thrive in down years (i.e., 2022: +4% vs. S&amp;P -19.4%) is one of its long-term attractions. Berkshire won't always be first in bull periods, but it generally doesn't lose the bear wars. </span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/4c49cd984a0c43cdb1d187762a92a4b74.png\" width=\"inherit\"/></p><h2 dir=\"ltr\"><span>Final Reflections</span></h2><p dir=\"ltr\"><span>Warren Buffett's portfolio in 2025 demonstrates staying power, discipline, and conviction, mixed with restraint in a fast-moving market. His core holdings continue to generate consistent cash flows, though without the buzz around newer, AI-touted stocks. Buffett's critics may see the portfolio trailing innovation in this age. His supporters, however, will argue it's a masterwork of stability, precisely appropriate for unstable times. Either, it's a functioning case study in long-term investing, a reflection of the man who made it. The message is one which is clear to long-term investors and allocators: compounding is strongest when it is accompanied with patience, and, at times, avoiding the hot hand can be the most aggressive step of them all.</span></p><p>Find out more</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett’s 2025 Portfolio: A Defensive Giant Balancing Legacy Bets with Strategic Discipline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett’s 2025 Portfolio: A Defensive Giant Balancing Legacy Bets with Strategic Discipline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-06-06 09:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey - </span><i><em>As of March 31, 2025, Warren Buffett’s Berkshire Hathaway holds a $258.7 billion equity portfolio spread across 36 stocks. The Oracle of Omaha hasn’t made a new buy this quarter, and turnover remains minimal at 1%. But beneath that still surface lies a quietly evolving strategy shaped by rising rates, sector rotations, and valuation discipline.</em></i></p><h2 dir=\"ltr\"><span>An Under Pressure Legacy Portfolio</span></h2><p dir=\"ltr\"><span>Buffett's biggest position is still Apple (AAPL), holding 25.76% of the portfolio or $66.6 billion. Cracks are appearing, though. Apple fell 12.45% YTD, lagging the wider market following iPhone selling declines and regulatory threats. Berkshire has not reduced its holding, but the size of this holding is becoming a double-edged sword, still cash-generating, but less of a growth vehicle than it was in previous years.</span></p><p dir=\"ltr\"><span>Buffett's relative underperformance serves to reinforce the overall theme of 2025: resilience rather than reinvention. Other funds are moving toward AI companies and turnarounds, but Berkshire is embracing stability instead. Trade-offs, however, accompany this approach. Concentration within the portfolio has picked up, and the diminishing weight of Apple has pulled down aggregate performance.</span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/05f20e8ad1a44ff7a8b3f73a33ab39021 (5).png\" width=\"inherit\"/></p><h2 dir=\"ltr\"><span>American Express, Coca-Cola, and the Moat Mentality</span></h2><p dir=\"ltr\"><span>Two of Buffett's most famous holdings, American Express (AXP) and Coca-Cola (KO), are worth 15.77% and 11.07% of the portfolio, respectively. Both are showing once more why Buffett values moats and brand strength. American Express has had modest appreciation in price and sticky consumer outlays, keeping Buffett safe during the tech downtrend. Coca-Cola, meanwhile, is 6.87% higher YTD, thanks to global reopening patterns and inflationary environment pricing power.</span></p><p dir=\"ltr\"><span>Legacy bets are ballast in uncertain times. But they are also reflective of a larger Berkshire maxim: bet on what you know, stay in patiently, and earn dividends along the way. It’s not one which gets the AI-starved investor’s pulse racing, but it’s one which works notwithstanding.</span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/69f8c180d2994329b005b8e3bd4c79d12 (4).png\" width=\"inherit\"/></p><h2 dir=\"ltr\"><span>Energy Bets: A Contrarian View Under Siege</span></h2><p dir=\"ltr\"><span>One of Buffett's energy stocks, Chevron (CVX), and Occidental Petroleum (OXY) have fallen in 2025 by 12.25% and 14.15%, respectively. Together, they constitute almost $33 billion of the portfolio, with Occidental accounting for as much as 26.9% of company ownership alone. Whereas oil prices have stabilized, the larger ESG theme plus diminishing upstream margins are being felt.</span></p><p dir=\"ltr\"><span>Berkshire's argument, that fossil fuels are still needed, particularly in underinvested production basins, is unscathed. But the market is not yet rewarding patience. Berkshire added modestly to its stake in Q1 (+763K shares), which demonstrated ongoing faith, but this wager is being tested more than others.</span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/0a44bfe1afee442fa22e32b9af5af8443 (5).png\" width=\"inherit\"/></p><h3 dir=\"ltr\"><b><strong>Financials: Subdued Cuts and Defensive Posture</strong></b></h3><p dir=\"ltr\"><span>Berkshire cut its holding in Bank of America (BAC) by 7.15% during Q1 2025, lowering exposure to the holding which is now worth $26.4 billion, or 10.19% of the portfolio. The bank's slight YTD loss (-0.45%) is in line with sector-wide pressures ranging from rising funding to sluggish loan expansion.</span></p><p dir=\"ltr\"><span>Moody’s (MCO) is, though, left unscathed and unchanged at 4.44% of the portfolio. </span><span>The rating agency business offers recurring cash flows, which are attractive to Buffett’s preference for capital-light enterprises. Mid-tier holdings are rounded out by Chubb Ltd (CB) at 3.16% and DaVita (DVA) at 2.08%. Of note is that DaVita was reduced several times during Q1 and May 2025, likely due to compressed margins and reimbursement risk. The gradual trimming reflects Buffett aggressively eliminating underperformers, although he’s not aggressively making new bets. </span></p><h2 dir=\"ltr\"><span>Turnover Relates to Your Business Story </span></h2><p dir=\"ltr\"><span>Though Q1 had no new buys, Berkshire's turnover history needs to be read between the lines. The collective amount of the fund has declined to $258.7 billion from the levels of $351.9 billion in late 2023, down by almost $93 billion over five quarters. The reason was not aggressive selling, but rather the interplay of mark-to-market losses combined with disciplined trimming. Turnover is still very-low at 1%, sustaining Buffett’s risk-averse image. With this complacency, though, comes reduced exposure to emerging trends like AI, cloud infrastructure, and semiconductors. With Nvidia becoming the new Apple, Berkshire’s aversion to risk can be seen as increasingly dated to newer generations of investors who crave the latest innovation. </span></p><h2 dir=\"ltr\"><span>Strategic Additions: A Few, but Notable </span></h2><p dir=\"ltr\"><span>There are some repositioning signs to be seen. Notable additions are: Constellation Brands (STZ): A significant leap (+113%) to 12M shares evidencing added investment in premium beverage plays. Both Domino's Pizza (DPZ) and Pool Corp (POOL) moved higher, signs of selective consumer-facing exposure in scalable, asset-light business models. Sirius XM (SIRI) and Heico Corp (HEI.A) added pretty modestly, small plays, perhaps, but could be testing grounds for broader conviction. These do not amount to much in dollar terms but are worth noting. Buffett can selectively be experimenting with newer ideas without rocking the core. </span></p><h2 dir=\"ltr\"><span>Risk Factors: Concentration, Succession, and Business Cycles </span></h2><p dir=\"ltr\"><span>Concentration risk becomes apparent here. Near enough to 53% of Berkshire's investment holdings reside in only three holdings: Apple, American Express, and Coca-Cola. That gives it stability, but also vulnerability should one of them decline (like Apple now). There is still succession uncertainty. Even though Greg Abel is widely being considered to succeed, institutional investors are not certain as to whether the investment style's continuity after Buffet is secured. Will the next generation be as conservative as Buffett, or transition more aggressively? Long at last, market cycle sensitivity has returned.</span></p><p dir=\"ltr\"><span>Berkshire's excess exposure to consumer, energy, and finance makes it more defensive but less responsive to secular trends dominant in the market presently, such as green energy, cloud computing, and artificial intelligence </span></p><h2 dir=\"ltr\"><span>Performance versus the S&amp;P 500: A Mixed Bag </span></h2><p dir=\"ltr\"><span>Berkshire has posted decent returns in recent times, 25.5% in 2024 versus 23.3% for the S&amp;P 500. Its long-term performance, however, has been less stellar in recent tech-fueled bull cycles. It returned 15.8% in 2023, behind the 24.2% gain of the S&amp;P. It lagged by over 13 and 17 percentage points in 2020 and 2019, respectively. </span></p><p dir=\"ltr\"><span>However, its ability to thrive in down years (i.e., 2022: +4% vs. S&amp;P -19.4%) is one of its long-term attractions. Berkshire won't always be first in bull periods, but it generally doesn't lose the bear wars. </span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250606/4c49cd984a0c43cdb1d187762a92a4b74.png\" width=\"inherit\"/></p><h2 dir=\"ltr\"><span>Final Reflections</span></h2><p dir=\"ltr\"><span>Warren Buffett's portfolio in 2025 demonstrates staying power, discipline, and conviction, mixed with restraint in a fast-moving market. His core holdings continue to generate consistent cash flows, though without the buzz around newer, AI-touted stocks. Buffett's critics may see the portfolio trailing innovation in this age. His supporters, however, will argue it's a masterwork of stability, precisely appropriate for unstable times. Either, it's a functioning case study in long-term investing, a reflection of the man who made it. The message is one which is clear to long-term investors and allocators: compounding is strongest when it is accompanied with patience, and, at times, avoiding the hot hand can be the most aggressive step of them all.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20240422/2236719b299ffdba16b8556127f5537b.jpg","relate_stocks":{"SG9999002224.SGD":"Allianz Global High Payout SGD","HEI.A":"海科航空","MCO.AU":"MyEco Group Ltd","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BAC":"美国银行","POOL":"Pool Corporation","SIRI":"Sirius XM Holdings Inc.","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","CVX":"雪佛龙","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","KO":"可口可乐","BK4570":"地缘局势概念股","BK4527":"明星科技股","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","MCO":"穆迪","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","DVA":"达维塔保健","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1046421795.USD":"富达环球科技A-ACC","OXY":"西方石油","BK4571":"数字音乐概念","AXP":"美国运通","BK4534":"瑞士信贷持仓","LU1221951129.SGD":"NORDEA 1 STABLE RETURN \"HM\" (SGDHDG) INC","LU0971096721.USD":"富达环球金融服务 A","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","DPZ":"达美乐比萨","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","SG9999001077.SGD":"United International Growth Fund SGD","AAPL":"苹果","CB":"安达保险","AXP.AU":"AXP Energy Ltd","MACW.SI":"APPLE 3xLongSG261006","BRK.A":"伯克希尔","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BRK.B":"伯克希尔B","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","STZ":"星座品牌","BK4209":"餐馆","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","BK4550":"红杉资本持仓","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC"},"source_url":"https://www.tradingkey.com/analysis/economic/more/250762884-warren-buffett-2025-portfolio-tradingkey-yiannis-zourmpanos","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2541297888","content_text":"TradingKey - As of March 31, 2025, Warren Buffett’s Berkshire Hathaway holds a $258.7 billion equity portfolio spread across 36 stocks. The Oracle of Omaha hasn’t made a new buy this quarter, and turnover remains minimal at 1%. But beneath that still surface lies a quietly evolving strategy shaped by rising rates, sector rotations, and valuation discipline.An Under Pressure Legacy PortfolioBuffett's biggest position is still Apple (AAPL), holding 25.76% of the portfolio or $66.6 billion. Cracks are appearing, though. Apple fell 12.45% YTD, lagging the wider market following iPhone selling declines and regulatory threats. Berkshire has not reduced its holding, but the size of this holding is becoming a double-edged sword, still cash-generating, but less of a growth vehicle than it was in previous years.Buffett's relative underperformance serves to reinforce the overall theme of 2025: resilience rather than reinvention. Other funds are moving toward AI companies and turnarounds, but Berkshire is embracing stability instead. Trade-offs, however, accompany this approach. Concentration within the portfolio has picked up, and the diminishing weight of Apple has pulled down aggregate performance.American Express, Coca-Cola, and the Moat MentalityTwo of Buffett's most famous holdings, American Express (AXP) and Coca-Cola (KO), are worth 15.77% and 11.07% of the portfolio, respectively. Both are showing once more why Buffett values moats and brand strength. American Express has had modest appreciation in price and sticky consumer outlays, keeping Buffett safe during the tech downtrend. Coca-Cola, meanwhile, is 6.87% higher YTD, thanks to global reopening patterns and inflationary environment pricing power.Legacy bets are ballast in uncertain times. But they are also reflective of a larger Berkshire maxim: bet on what you know, stay in patiently, and earn dividends along the way. It’s not one which gets the AI-starved investor’s pulse racing, but it’s one which works notwithstanding.Energy Bets: A Contrarian View Under SiegeOne of Buffett's energy stocks, Chevron (CVX), and Occidental Petroleum (OXY) have fallen in 2025 by 12.25% and 14.15%, respectively. Together, they constitute almost $33 billion of the portfolio, with Occidental accounting for as much as 26.9% of company ownership alone. Whereas oil prices have stabilized, the larger ESG theme plus diminishing upstream margins are being felt.Berkshire's argument, that fossil fuels are still needed, particularly in underinvested production basins, is unscathed. But the market is not yet rewarding patience. Berkshire added modestly to its stake in Q1 (+763K shares), which demonstrated ongoing faith, but this wager is being tested more than others.Financials: Subdued Cuts and Defensive PostureBerkshire cut its holding in Bank of America (BAC) by 7.15% during Q1 2025, lowering exposure to the holding which is now worth $26.4 billion, or 10.19% of the portfolio. The bank's slight YTD loss (-0.45%) is in line with sector-wide pressures ranging from rising funding to sluggish loan expansion.Moody’s (MCO) is, though, left unscathed and unchanged at 4.44% of the portfolio. The rating agency business offers recurring cash flows, which are attractive to Buffett’s preference for capital-light enterprises. Mid-tier holdings are rounded out by Chubb Ltd (CB) at 3.16% and DaVita (DVA) at 2.08%. Of note is that DaVita was reduced several times during Q1 and May 2025, likely due to compressed margins and reimbursement risk. The gradual trimming reflects Buffett aggressively eliminating underperformers, although he’s not aggressively making new bets. Turnover Relates to Your Business Story Though Q1 had no new buys, Berkshire's turnover history needs to be read between the lines. The collective amount of the fund has declined to $258.7 billion from the levels of $351.9 billion in late 2023, down by almost $93 billion over five quarters. The reason was not aggressive selling, but rather the interplay of mark-to-market losses combined with disciplined trimming. Turnover is still very-low at 1%, sustaining Buffett’s risk-averse image. With this complacency, though, comes reduced exposure to emerging trends like AI, cloud infrastructure, and semiconductors. With Nvidia becoming the new Apple, Berkshire’s aversion to risk can be seen as increasingly dated to newer generations of investors who crave the latest innovation. Strategic Additions: A Few, but Notable There are some repositioning signs to be seen. Notable additions are: Constellation Brands (STZ): A significant leap (+113%) to 12M shares evidencing added investment in premium beverage plays. Both Domino's Pizza (DPZ) and Pool Corp (POOL) moved higher, signs of selective consumer-facing exposure in scalable, asset-light business models. Sirius XM (SIRI) and Heico Corp (HEI.A) added pretty modestly, small plays, perhaps, but could be testing grounds for broader conviction. These do not amount to much in dollar terms but are worth noting. Buffett can selectively be experimenting with newer ideas without rocking the core. Risk Factors: Concentration, Succession, and Business Cycles Concentration risk becomes apparent here. Near enough to 53% of Berkshire's investment holdings reside in only three holdings: Apple, American Express, and Coca-Cola. That gives it stability, but also vulnerability should one of them decline (like Apple now). There is still succession uncertainty. Even though Greg Abel is widely being considered to succeed, institutional investors are not certain as to whether the investment style's continuity after Buffet is secured. Will the next generation be as conservative as Buffett, or transition more aggressively? Long at last, market cycle sensitivity has returned.Berkshire's excess exposure to consumer, energy, and finance makes it more defensive but less responsive to secular trends dominant in the market presently, such as green energy, cloud computing, and artificial intelligence Performance versus the S&P 500: A Mixed Bag Berkshire has posted decent returns in recent times, 25.5% in 2024 versus 23.3% for the S&P 500. Its long-term performance, however, has been less stellar in recent tech-fueled bull cycles. It returned 15.8% in 2023, behind the 24.2% gain of the S&P. It lagged by over 13 and 17 percentage points in 2020 and 2019, respectively. However, its ability to thrive in down years (i.e., 2022: +4% vs. S&P -19.4%) is one of its long-term attractions. Berkshire won't always be first in bull periods, but it generally doesn't lose the bear wars. Final ReflectionsWarren Buffett's portfolio in 2025 demonstrates staying power, discipline, and conviction, mixed with restraint in a fast-moving market. His core holdings continue to generate consistent cash flows, though without the buzz around newer, AI-touted stocks. Buffett's critics may see the portfolio trailing innovation in this age. His supporters, however, will argue it's a masterwork of stability, precisely appropriate for unstable times. Either, it's a functioning case study in long-term investing, a reflection of the man who made it. The message is one which is clear to long-term investors and allocators: compounding is strongest when it is accompanied with patience, and, at times, avoiding the hot hand can be the most aggressive step of them all.Find out more","news_type":1,"symbols_score_info":{"AAPL":1,"CVX":1,"CB":1,"SIRI":1,"AXP.AU":1,"STZ":1,"DPZ":1,"BRK.B":1,"OXY":1,"AXP":1,"KO":1,"MCO":1,"DVA":1,"MCO.AU":1,"BRK.A":0.9,"HEI.A":1,"MACW.SI":0.6,"BAC":1,"POOL":1}},"isVote":1,"tweetType":1,"viewCount":2908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":402414983307464,"gmtCreate":1739273439604,"gmtModify":1739273442808,"author":{"id":"4147244040914782","authorId":"4147244040914782","name":"Kh WONG","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4147244040914782","idStr":"4147244040914782"},"themes":[],"title":"","htmlText":"Hi. Just a quick check. Do we need to close an&nbsp;expired option manually&nbsp;? Or it will close automatically in tiger broker?&nbsp;","listText":"Hi. Just a quick check. Do we need to close an&nbsp;expired option manually&nbsp;? Or it will close automatically in tiger broker?&nbsp;","text":"Hi. Just a quick check. Do we need to close an expired option manually ? Or it will close automatically in tiger broker?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/402414983307464","isVote":1,"tweetType":1,"viewCount":2961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}