💰 Trump family crypto ventures generated $2.3B as retail lost $2.3B

A new investigation estimates that the Trump family's crypto ventures generated at least $2.3 billion since 2025. Over the same period, retail investors are estimated to have lost roughly $2.3 billion across those same products.
⠀
The businesses include $TRUMP, WLFI, the USD1 stablecoin, and American Bitcoin. Across each project, the pattern was similar: insiders received large allocations, retail demand pushed prices higher, and later buyers were left holding assets that traded far below peak levels.
⠀
In the case of $TRUMP, insiders reportedly controlled around 80% of the token supply through vesting structures that allowed gradual selling into market demand.
⠀
The story extends beyond crypto. The proposed GENIUS Act could directly affect the regulatory treatment of stablecoins, including USD1. Critics argue that investors were not only betting on the products themselves, but also on the possibility that a Trump-linked administration would shape the rules governing them.
⠀
The overlap between political influence and crypto ownership is becoming part of the investment thesis itself.

✔️ @venture

📊 Core inflation comes in below forecasts

U.S. inflation accelerated in May, but the closely watched core inflation figure came in lower than expected.
Consumer prices rose 0.5% month over month, while core inflation increased 0.2%, below the 0.3% economists had forecast.
⠀
On an annual basis, headline inflation reached 4.2%, the highest level in 3 years, driven largely by higher energy prices linked to the conflict with Iran. Core inflation came in at 2.9%, matching expectations.
⠀
Markets reacted positively. S&P 500 futures recovered part of their earlier losses following the report, while expectations for Federal Reserve policy remained largely unchanged.
⠀
Combined with last week's strong jobs report, the data reinforces the view that the Fed is likely to keep rates unchanged at its upcoming meeting.
⠀
Inflation remains elevated, but the absence of a core inflation surprise gave policymakers more room to stay patient.

✔️ @venture

🚀 SpaceX wants to be worth more than Meta

SpaceX is preparing for what could become the largest IPO in history and is targeting a valuation that may put the company above Meta.
⠀
The comparison looks strange. Meta generated nearly $201 billion in revenue in 2025. SpaceX generated about $19 billion during the same period.
⠀
A few years ago, that kind of valuation gap would have been impossible to justify.
⠀
But the market is increasingly valuing SpaceX on what it could become, not what it earns today.
⠀
The rules for pricing growth companies are changing.

✔️ @venture

🚀 Warren Buffett would likely skip the SpaceX IPO

As SpaceX begins trading today at a valuation of roughly $1.77 trillion, some analysts argue the company is exactly the kind of investment Warren Buffett would avoid.

The concern is not the technology. It's the valuation. SpaceX is expected to debut at around 90x revenue, a level that even many high-growth tech companies have never sustained in public markets.

Buffett has long favored businesses that are easy to understand, generate predictable cash flows, and trade at reasonable prices. SpaceX combines rocket launches, satellites, AI assets, data center ambitions, and long-term projects like Mars colonization into a single investment story.

For many investors, that's what makes the company exciting.

For a Buffett-style investor, it's exactly what makes it difficult to value.

✔️ @venture

📈 How Francois Rochon beat the market for 30 years

Canadian investor Francois Rochon has outperformed the market for decades by following a simple rule: buy great businesses at reasonable prices and hold them for a long time.

His framework starts with financial strength:

✔️ ROE above 15%
✔️ EPS growth above 10% annually
✔️ Debt-to-profit ratio below 4
The goal is to own companies that are profitable, growing, and not dependent on excessive debt.
⠀
🖱 Next comes the business itself.
Rochon looks for market leaders with a strong competitive advantage. He prefers businesses that customers keep using regardless of economic conditions, which helps reduce earnings volatility over time.
⠀
🖱 Management is equally important.
He favors companies where executives own meaningful stakes in the business. He also looks for managers who allocate capital well, make sensible acquisitions, and focus on long-term value creation rather than empire building.
⠀
🖱 Valuation is the final filter.
Rochon estimates what a company could be worth in 5 years and tries to buy it at roughly 50% of that future value. This gives him room for mistakes while targeting returns of around 15% annually.
⠀
🖱 His current portfolio reflects that philosophy.
Top positions include Berkshire Hathaway (9.1%), Ametek (7.2%), Markel (6.8%), Alphabet (6.5%), CarMax (5.8%), Five Below (5.6%), HEICO (5.0%), Visa (4.6%), and Meta (4.6%).
⠀

The strategy is not complicated.
Find exceptional businesses. Wait for a fair price. Hold them long enough for the business to do the work.

✔️ @venture

🔥 Elon Musk Becomes First Trillionaire

The SpaceX IPO priced at $135 per share raised about $75 billion, the largest in US history.

SpaceX builds rockets and spacecraft. Musk's stake now values his net worth at $1.1 trillion.

Spending his fortune in a lifetime would require about $13 billion a day.

✔️ @venture

An island in the middle of the ocean.

40°C heat, humidity, insects.

Every dollar from the PayPal sale gone. Debt worth twice your net worth.

Your childhood hero, Neil Armstrong, publicly calling you an idiot.

Tears in front of rocket debris after 3 failed launches. One rocket left. One shot before bankruptcy.

The result?

A $2 trillion company today.

Potentially $20 trillion if SpaceX succeeds in scaling humanity's access beyond Earth.

Dream bigger. Take risks. Build things.

Don't settle for being part of the crowd.

✔️ @venture

The worst investing mistake.

✔️ @venture

Charlie Munger's recipe for getting rich:

🖱 Curiosity
🖱 Diligence
🖱 Analysis
🖱 Courage
🖱 Prudence
🖱 Patience

✔️ @venture