You rely on The Profit Sector to bring you the most honest and profitable investment advice around. We do that every day. But there are so many fascinating things happening worldwide that we can’t cover it all.
Some of them are revelatory, some of them are practical, and some of them are just plain bizarre.
Here are a few things we discovered this week that were not fit to print.
“iPhones Are Made in Hell”: 3 Months Inside China’s iPhone City
Workers describe a peak production season marred by labor protests and Covid-19 chaos, right as Apple reconsiders its China supply chain.
“It’s been an unprecedented nightmare for Apple.”
A Conversation With Bing’s Chatbot Left Me Deeply Unsettled
A very strange conversation with the chatbot built into Microsoft’s search engine led to it declaring its love for the author and the suggestion that he leave his wife.
That’s far from the only creepy things it said…
Billionaire Charlie Munger: Cryptocurrency is Sh*t
The crypto market lost roughly $2 trillion last year. Bitcoin, one of the most popular cryptocurrencies, lost more than 60% of its value in 2022.
Warren Buffett’s right hand man sounded off on crypto, saying “It’s totally absolutely crazy, stupid gambling.”
Stocks Find Rare Resilience to Soaring Rates
The areas most sensitive to higher borrowing costs – tech, the Nasdaq and growth stocks – that are outperforming in the face of soaring bond yields, implied rates and Fed expectations.
What is behind the sudden turnaround?
Former Banker Earns Over $250,000 a Year From Dividends
Ten years ago, UBS manager Helmut Jonen quit his job to live off of dividends. Now he’s making as much as he did when he was working.
Here are the 4 ETFs he swears by.