SM

0 notable incidents across over 380,000 miles traveled by Robotaxi

Bitcoin and Mungers Rule. One has to wonder about the “AI is sucking up all the capital” narrative when nearly 8 trillion dollars still sits in money market funds earning a risk‑free yield, while fiat money loses something on the order of 8% of its purchasing power per year. In a market that noisy, the 200‑week Munger Rule is less a tactic than an x‑ray of who actually believes in compounding. Buy at the upward sloping 200-week moving average. Yes buy when there is blood in the streets. But emotions get in the way. The 200 week MA. It marks the point where price has already done the damage and narrative has followed it down, where momentum, flows and sentiment have all turned against you, and where long-term value quietly reasserts itself. Narrative follows price. When you should buy, you will not want to. The same is true of selling ( yes sell parabolic moves). The excess return is therefore not informational. It is behavioural. Most investors cannot do it. Emotions get in the way, simple human aversion to loss turn volatility into something to be avoided rather than harvested. I call it the Munger Rule. Have a nice day.