https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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Last week, Nvidia and some of Wall Street’s biggest firms proposed a $500 billion financing pipeline for AI companies, cloud providers and data center operators that need enormous amounts of capital to buy chips and build computing capacity. The idea is to raise money from pension funds, insurers, sovereign wealth funds and other large investors, then use that capital to finance or lease the hardware these companies need.
The bull case is straightforward. Demand for computing power remains enormous. Wall Street is creating new ways to connect deep pools of institutional capital with companies that need expensive hardware today. If AI delivers even a reasonable portion of what its supporters expect, the buildout could benefit far more than Nvidia. Think semiconductors, data centers, utilities, power generation, networking equipment, construction and private credit. That looks more like a rising tide.
The bear case is that financial engineering sometimes appears when economics become harder to justify. AI related bond issuance has already reached $344 billion this year, and weaker borrowers are paying interest rates near 10 percent. Nvidia is even considering backstopping some equipment values. If demand slows or newer chips make older ones obsolete faster than expected, investors may discover that yesterday’s expensive hardware is not great collateral.
So is this winner take all or a rising tide? Probably some of both. There will be winners, losers and plenty of surprises along the way.
Our answer at PWM remains diversification. Large and small. U.S. and foreign. Public and private. Stocks, bonds and real assets. It may sound repetitive, but repetition does not mean we are ignoring what is changing. Quite the opposite. We are watching it closely without pretending we know in advance exactly where all the profits will land.
Why Wall Street and Nvidia Are Building an Exotic Money Pipeline for the AI Boom (https://www.wsj.com/tech/ai/why-wall-street-and-nvidia-are-building-an-exotic-money-pipeline-for-the-ai-boom-346ba482?st=D1oPEo&reflink=desktopwebshare_permalink)
by Jack Pitcher, Anissa Gardizy and Peter Rudegeair
** Your Life
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Bucket list trips usually get planned through rose colored glasses. Greek island hopping means whitewashed villages, blue water and sunsets. It can also mean crowded ports, limited ferry schedules, strong summer winds and six hours on a boat full of seasick passengers.
That does not make Greece any less spectacular. It just suggests a better question before romanticizing any dream trip. What does the experience actually require between the photographs? How much moving around, waiting, discomfort or physical stamina comes with it?
Sometimes the hard reality questions do not ruin the dream. They help you choose the version of it you will actually enjoy.
Everyone Dreams of Island-Hopping Through Greece—Until They Board the ‘Vomit Comet’ (https://www.wsj.com/lifestyle/travel/everyone-dreams-of-island-hopping-through-greeceuntil-they-board-the-vomit-comet-287b97c6?st=dkAsAK&reflink=desktopwebshare_permalink)
by Olivia Hau
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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Sometimes the problem is not your internet service, router or computer. It is a setting buried somewhere inside the computer.
In one test, a Windows laptop getting about 330 Mbps jumped to 730 Mbps after changing a single setting. Other small adjustments affected which Wi-Fi band it preferred and how aggressively it searched for a different connection. The hardware did not change. The settings did.
It is a good reminder that a simple toggle here or the right setting there can make a surprisingly big difference. And if words like adapter properties and registry values sound like a foreign language, this may be a job for an expert, or a grandchild.
I turned off 4 Windows settings and my Wi-Fi jumped from 330 Mbps to 730 Mbps (https://www.makeuseof.com/i-changed-4-windows-settings-on-my-laptop-and-my-wi-fi-finally-matched-my-plans-speed/)
by Rob LeFebvre
** Trivia
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Last week's answer: Canada
This week's question: What television drama followed Don Draper and his colleagues at the advertising agency Sterling Cooper?
https://youtu.be/J5ebkj9x5Ko?si=s-lWrGi4A8ThUVe5
** Back in 1984, this song reached #1
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