Smarter in 10 Minutes

High Net Worth People Exiting China, India and UK

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1. High Net Worth People Exiting China, India and UK. I doubt this Chart will ever go Negative for U.S

The Countries “Projected” to Take Over Economic Leadership vs. America are Bleeding High Net Worth Citizens—China, UK, and India.

First Trust

2. ChatGPT 780m Visits in April vs. Next Closest 34m

Sherwood News

3. Defense Spending Not Slowing Down

Barron’s

4. NATO Arms Supplies by Country of Origin

Semafor

5. How Do Universities Make Money?

Voronoi

6 & 7. Real Estate Friday

Nick Gerli

Housing Market Needs Lower Rates

Inflation rose to levels not seen since the 1980s and high mortgage rates have largely frozen the US housing market, as housing affordability plunged to its lowest level in decades.

Cresset Capital

Total Mortgage Originations for Second Homes -66% from 2021 Record Level

Charlie Bilello

Where Can Younger Buyers Afford Homes?

NY Times

8. China's AI-powered humanoid robots aim to transform manufacturing

In a sprawling warehouse in a Shanghai suburb, dozens of humanoid robots are manuvred by their operators to carry out tasks like folding a T-shirt, making a sandwich and opening doors, over and over again.

Via MSN: Operating 17 hours a day, the site's goal is to generate reams of data that its owner, Chinese humanoid startup AgiBot, uses to train robots it hopes will become ubiquitous and change the way humans live, work and play.

"Just imagine that one day in our own robot factory, our robots are assembling themselves," said Yao Maoqing, a partner at AgiBot.

The importance of humanoid robots to Beijing, as it looks for solutions to pressing issues including trade frictions with the U.S., population decline, and slowing growth, was underscored when Chinese President Xi Jinping inspected AgiBot's robots in Shanghai last month. Xi jokingly remarked during the visit that perhaps the machines could play in a football team. 

Another domestic developer of humanoid robots, Unitree, was also present in a meeting Xi hosted for private firms earlier this year, where he urged them to help China's economy.

As the U.S. negotiates with China over tariffs that President Donald Trump had imposed to help bring back U.S. manufacturing jobs, Beijing is aiming for a new industrial revolution where many factory tasks would be performed by humanoid robots.

9. Increase in Global Literacy

Peter Mallouk

10. Warren Buffett Wisdom

Via Inc: Here’s what Buffett said in 2005 when asked, “When did you know you were rich?”

I bet we all in this room live about the same. We eat about the same and sleep about the same. We pretty much drive a car for 10 years. All this stuff doesn’t make it any different.

I will watch the Super Bowl on a big screen television just like you. We are living the same life.

I have two luxuries: I get to do what I want to do every day and I get to travel a lot faster than you. I travel distances better than you do. The plane is nicer. But that is about the only thing that I do a whole lot different.

You’re rich if you are working around people you like.

I really knew I was rich when I had $10,000. I knew a long time ago that I was going to be doing something I loved doing with people that I loved doing it with.

Nine Soft Skills for Career

Ben Meer

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