Description

Trump & Kamala Debate: Boring and horrible. Name calling. Accusations. Nothing interesting or intelligent. 

Markets:

• YTD: S&P up 16%.
• Tech (QQQ) up  15%.
• High Quality up 10%.

Building Wealth for your kids:
My Blog analysis on Building wealth for kids. 

• 529s and Roth 401k. 
• Small investments over time create generational wealth.

Nvidia

• $3t market cap. $30b revenue/qtr.  $28b in cashflow.
• Mgmt style: Jensen Huang on Working. 

Government vs Capitalists: 

• All in at 56.30: Friedberg: Do you want someone who has lived in government or is not a government operative? Career civil servants vs. capitalists. 
• 1.17.40.  Government spending is 50% of GDP. So could say ½ of people are employed directly or indirectly by government. Free market system is finished if there are more “takers” than “makers”.

Government Efficiency (oxymoron):

Donald Trump on Government efficiency commission:

From WSJ: Trump Proposes 15% Tax Rate for Some Companies and a Role for Elon Musk in Government

Elon Musk has said that all laws/regs should be auto-repealed after 20 years or some time. Otherwise we’re in a web of bureaucracy. 

Getting a Loan from DOE is near impossible. I have a story.

Tesla

Tesla Robotaxi day on October 10. 

SpaceX

The company confirmed that the SpaceX Crew Dragon spacecraft carrying the crew reached its peak altitude of 1,400.7 kilometers (870 miles).

That distance surpassed the record set by NASA’s 1966 Gemini 11 mission

Also!!! 60 day delay for Starship launch. 

• “Unfortunately, we continue to be stuck in a reality where it takes longer to do the government paperwork to license a rocket launch than it does to design and build the actual hardware,” the firm said. “This should never happen and directly threatens America’s position as the leader in space.”
• https://www.spacex.com/updates/

Nuclear Power imperative by Bill and Brad.

Recommendations:

Bryson DeShambeau on YouTube:

• Breaking 50. With Tony Romo (64 is his lowest round). Eagled 1st hole!! 

Podcasts:

• Smartless interview with Michael Keaton. 
• Rogan Actors
• Russel Crowe
• Dennis Quaid

TV: Wyatt Earp on Netflix.