Happy Friyay Jr.! It's been a conflicting week. With more pups on the loose 🐶, $DOGE & $ETH surging ahead while OG investor icons, Warren Baddie Buffet & Charles Munger express need for value investing, we leave the choice to you 💎 

In other news…Jessica Alba 🍯takes The Honest Company public, we're gifting one of you a $45 Amazon gift card and while we love your chartreuse underwear DM's, we feature a Lake District ‘spotted’ pic instead. 

Value investing, in this economy?

We know most of you love your crypto and hey, we ain't judging. You do you, boo! Warren Buffet and Charlie Munger, arguably two of the world's biggest investing icons, came back for Berkshire Hathaway's annual meeting held on May 1st. 

A few hot takes 🔥

• Bitcoin: “Of course I hate the bitcoin success,” Munger said, referencing the cryptocurrency’s use for criminal activity. “The whole damn development is disgusting and contrary to the interests of civilization.” Buffet dodged the question. 🐶

• Robinhood: Buffett said Robinhood’s platform for retail investors was “taking advantage of the gambling instincts of society, and it isn’t admirable. It creates its own reality for a while, and nobody tells you when the clock is going to strike 12 and it all turns to pumpkins and mice.” 🐭

• SPACs: “It’s a killer,” Buffett said about the rise of special purpose acquisition companies.

As we sip our Coca-Colas 🥤(or Kombuchas 💁‍♀️), we all know some of us are die hard Berkshire supporters, but rumour has it a good amount of our Chéries have been reaping profits through $DOGE, $ETH and $BTC 🚀Love it or hate it, Crypto has been coming in 🔥across most of our private feeds. It certainly seems that Berkshire Hath-a-will, but will Berkshire Hath-a-way? 👀

Hold up…what am I reading, who are you, and what have you done to my investing knowledge? You're blowing my mind.

BB, chill…I know you want me but get in line. 

Cheres is where you can see your friends' trades, prompting the ‘why did you invest’ versus the ‘what are you investing in’ question. 

📣 Say goodbye to public threads. Remember that only your small friend group (~5-10 ppl) will see your shares, but not the $ value or volume of shares. 

• ⚡️We connect with your brokerage, so you don't have to spend time manually sharing trades with friends via Whatsapp, iMessage, Discord, etc.

• 👯‍♀️Keep up with your multiple friend groups, like your besties, colleagues, and family, by chatting about your investments and attending our events.

• 💵Become a better investor, by having us provide personalized benchmarks to show you how you're doing compared to those most like you.

Quick News Bites

Honey, I've shrunk the Ant Group?

Are you holding Alibaba ($BABA) in your portfolio? Asset manager Fidelity Investments slashed its estimated valuation of Ant Group (whereby Alibaba has 33% ownership stake in) by half to $144 billion. Fidelity had set a price of $295 billion last August.

Jessica Alba took ‘The Honest Compay’ public yesterday

Honey, you must know Jessica Alba. Her business, The Honest Company ($HNST), went public yesterday with an IPO value of $1.44B. 🍯What's NASDAQ: $HNST? The company sells products including diapers, nursing pillows, vitamins and household products 👶These are sold on Honest.com and through partnerships with brick-and-mortar stores including Costco and Target. They're not just any ordinary diapers tho…her products boast non-toxicity, plant-based and eco-friendly manufacturinng. ☘️

A friendly hello from Professor Thierry

A special hello from Professor Emeritus, Thierry Neubert! 👋He was one of our special Clubhouse guests sharing his 40+ year learnings on economics. Timely, he shares: 84% of Warren Buffet's portfolio is in these 3 categories.