Cliff’s World

Risk and SuccessMike Novogratz became one of the youngest billionaires in history, turning $1 million into $2.3 billion in roughly 10 years through his Fortress hedge fund.Fortress, co-founded by Novogratz, was the first hedge fund to go public in 2007, making five guys billionaires in a single day. Novogratz made his first million at 32, […]

Interesting talking points from Fundstrat’s Tom Lee Thinker Are Tariffs Inherently Inflationary? Rationale Hayek Yes (systemically) Tariffs distort price signals and cause misallocation—even without broad CPI inflation Keynes Maybe (contextual) Depends on demand, employment levels, and slack capacity Friedman No (not without money growth) Only money supply growth causes sustained inflation Tom Lee No (corporate […]