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Hey there readers. Phil Rosen here — writing to you from behind a cup of coffee that definitely feels more expensive than it was a year ago.
You don't need me to tell you inflation has stayed stubbornly high for a while now, despite the Federal Reserve's aggressive bid to cool it down.
In June, inflation reached a four-decade high, and while it's eased somewhat since then, everyday Americans are still feeling the heat.
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Good morning, readers. I'm senior reporter Phil Rosen.
One of my favorite parts of this job is having conversations with folks in and around Wall Street.
People have varying views on the economy, politics, and pop culture, but as far as reading recommendations are concerned, a consistent pattern emerges.
Just about everyone advises going through Warren Buffett's annual letters to shareholders.
They date back more than 50 years, and taken together, the writing leaves you with a good grasp of Buffett's business philosophy.
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Reuters/Joshua Roberts
Happy hump day, team. I'm senior reporter Phil Rosen, writing to you just blocks away from where Goldman Sachs held their second-ever investor day on Tuesday.
If you're not familiar with investor days, it's basically when a company gives an update on where they stand and where they're going.
Goldman's first one was in 2020 — but a lot has changed since then.