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BREAKING: Hedge fund Lone Pine Capital gained 43% in H1 for its best-ever starts to a year
Their flagship L/S equities strategy benefited from short positions, delivering greater returns than its long-only fund which rose 38%
Lone Pine's biggest long positions in Q1 were ASML, Teradyne, and Carpenter Technology, which all climbed more than 85% in H1
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Their flagship L/S equities strategy benefited from short positions, delivering greater returns than its long-only fund which rose 38%
Lone Pine's biggest long positions in Q1 were ASML, Teradyne, and Carpenter Technology, which all climbed more than 85% in H1
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Lionel Messi is the first player in FIFA World Cup history to score in nine consecutive games
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βThe people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them.β
β Thomas Sowell
The fact is that black people in the West enjoy living standards higher than any black population anywhere else on earth or at any time in history, and the gap is enormous.
Black American households clear median incomes over $50k with life expectancies around 74, plus routine access to cars, housing, modern medicine, education, and technology that would register as extraordinary luxury for the vast majority of black people still living in sub-Saharan Africa, where GDP per capita often sits below $2,500 and average lifespans run a decade shorter amid weaker institutions, higher disease loads, and lower productivity.
Black populations in Canada and parts of Europe show the same pattern of outsized gains once inside Western systems.
Those outcomes track the spread of property rights, rule of law, scientific method, and market economies that the West uniquely scaled and sustained, lifting even the descendants of slaves far above the material baseline that prevailed across most of historical Africa or that still prevails across much of the continent today.
The ancestors endured hell, yet their forced relocation placed later generations inside the single civilizational machine capable of generating and distributing that kind of broad prosperity at scale.
βYet rather than count those blessings we now count our grievances instead.β
β Thomas Sowell
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β Thomas Sowell
The fact is that black people in the West enjoy living standards higher than any black population anywhere else on earth or at any time in history, and the gap is enormous.
Black American households clear median incomes over $50k with life expectancies around 74, plus routine access to cars, housing, modern medicine, education, and technology that would register as extraordinary luxury for the vast majority of black people still living in sub-Saharan Africa, where GDP per capita often sits below $2,500 and average lifespans run a decade shorter amid weaker institutions, higher disease loads, and lower productivity.
Black populations in Canada and parts of Europe show the same pattern of outsized gains once inside Western systems.
Those outcomes track the spread of property rights, rule of law, scientific method, and market economies that the West uniquely scaled and sustained, lifting even the descendants of slaves far above the material baseline that prevailed across most of historical Africa or that still prevails across much of the continent today.
The ancestors endured hell, yet their forced relocation placed later generations inside the single civilizational machine capable of generating and distributing that kind of broad prosperity at scale.
βYet rather than count those blessings we now count our grievances instead.β
β Thomas Sowell
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BREAKING: De Beers dramatically reduced diamond prices across all categories
Prices are now in line with the secondary market, down from the 5%-50% premium that De Beers maintained
That move follows a pullback in Chinese luxury spending and the rising popularity of lab-grown stones
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Prices are now in line with the secondary market, down from the 5%-50% premium that De Beers maintained
That move follows a pullback in Chinese luxury spending and the rising popularity of lab-grown stones
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BREAKING: Denmarkβs prime minister declares βGreenland is not for sale.β
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Reform UK's Nigel Farage resigns as MP β vows to force a by-election
"This will be a people versus the establishment by-election. It's a chance to stick two fingers up to the entire establishment, to frankly tell them where to go.
And that is why I will be putting my name forward to stand in this by-election"
What do you think will happen here?
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"This will be a people versus the establishment by-election. It's a chance to stick two fingers up to the entire establishment, to frankly tell them where to go.
And that is why I will be putting my name forward to stand in this by-election"
What do you think will happen here?
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β€2
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BREAKING:
New information shows that the Congolese migrant who beat the 32-y-old Swedish football supporter Christian Zedig to death at a World Cup fan zone in Copenhagen had previously been sentenced to 2 years and 9 months in prison for two rapes in 2014.
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New information shows that the Congolese migrant who beat the 32-y-old Swedish football supporter Christian Zedig to death at a World Cup fan zone in Copenhagen had previously been sentenced to 2 years and 9 months in prison for two rapes in 2014.
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