economy
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Charlie Munger’s Principles
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Marginal Rates: For tax year 2026, the top tax rate remains 37% for individual single taxpayers with incomes greater than $640,600 ($768,700 for married couples filing jointly).
The other rates are:
35% for incomes over $256,225 ($512,450 for married couples filing jointly);
32% for incomes over $201,775 ($403,550 for married couples filing jointly);
24% for incomes over $105,700 ($211,400 for married couples filing jointly);
22% for incomes over $50,400 ($100,800 for married couples filing jointly);
12% for incomes over $12,400 ($24,800 for married couples filing jointly).
The lowest rate is 10% for incomes of single individuals with incomes of $12,400 or less ($24,800 for married couples filing jointly).
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“President Trump ratcheted up tariff and trade tensions with China on Friday. In a post on Truth Social, the president said the US would impose an additional 100% tariff on Chinese goods starting on Nov. 1, 2025.”
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MIT 15.401 Finance Theory I, Fall 2008 – Session 19: Efficient Markets II (Instructor: Andrew Lo), MIT OpenCourseWare
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“Unconditional Love Is Huge In This World”
“I Don’t Work To Collect Money”
“Live Your Life By an Inner Scorecard”
“Hang Out with People Who are Better than You”
“You’ve Got to Keep Control of Your Time”
“It Takes Twenty Years To Build A Reputation And Five Minutes To Ruin It”
“Stick Within Your Circle of Competence”
“Predicting Rain Doesn’t Count. Building Arks Does”
“Nice People Come In All Colors”
“The More You Give Love Away, The More You Get”
— Warren Buffett
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Blum, a Market Force for Three Decades, Will Close Galleries | Artnet News
“The powerhouse Blum gallery, which has locations in Los Angeles and Tokyo, and which planned to open a new New York space this fall, has laid off most of its staff and plans to cease brick-and-mortar operations.”
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Most Americans don’t earn enough to afford basic costs of living, analysis finds
“Traditional headline economic indicators like GDP and unemployment tell us the economy is thriving, but they don’t reflect the lived reality of most Americans,” Ludwig said in a statement. “Americans are working harder than ever, fueling our economic growth, but the benefits of that hard work are not being distributed in a way that supports upward mobility for too many middle- and low-income Americans.”
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Watch Warren Buffett preside over the full 2025 Berkshire Hathaway annual shareholder meeting
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Investing for Beginners: A Guide to the Investment Risk Ladder
“The good news is that successful investing doesn’t require advanced math skills or complex strategies. Instead, it starts with understanding the basic building blocks of investing—known as asset classes—and how they fit together. From the relative safety of a savings account to the growth potential of stocks, each type has different potentials for risk and rewards. Understanding where these different assets stand on the investment risk ladder can give you a solid foundation for getting started in investing.”
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LIVE | ‘Countries Willing to Kiss My ‘Ass’ for Talks’: Trump Trade Secret BOMBSHELL | CLRCUT
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“The market is not going to do exactly what you want when you want it … I wouldn’t worry too much about what happens over six months or twelve months. I don’t think you’re really all that welcome in this room if the short-term orientation is what turns you on.” — Charlie Munger