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1. History of Geopolitical Stock Market Sell Offs

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2. Iran Supplies 13-15% of China’s Oil

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3. Oil Supply Shocks of Last 50 Years

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4. NVDA Sales Growth?

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5. Summary of Private Equity Sell Off

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6. Energy ETF Flows Before the IRAN Attack

XLE flows. "Gotta love a decade-plus breakout but XLE flows represent a tactical risk to the energy trade. Most one-month inflows since 2008".

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7. Summary of Feb Rotation in Stock Market

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8. Hyperscalers Estimated Free Cash Flow

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9. 85% Of Babies In 2026 Will Be Born In Asia And Africa

BY TYLER DURDEN

In 2026, 85% of babies worldwide will be born in just two continents: Asia and Africa.Where someone is born can shape everything from access to education and healthcare to long-term economic opportunity.

This map, via Visual Capitalist's Bruno Venditti, shows how global births are distributed across continents, based on population projections from the United Nations.

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10. Science Says Rich People Aren’t Inherently Smarter. Mark Cuban Agrees

IQ seems important, but the three things–all of which anyone can control–matter most.

EXPERT OPINION BY JEFF HADEN @JEFF_HADEN

Pretend you have to choose one attribute that contributes most to financial success. (Since we all define “success” differently, there are plenty of other forms of success…. but still: most people include some degree of wealth as a factor in their success equations.) 

Maybe you would choose having the right connections. Or having the right education. Or maybe even having wealthy parents (which research shows can make a huge difference). 

If you’re like me, though, you probably choose intelligence. After all, successful businesspeople — professionally successful anythings — tend to be really, really smart.

But intelligence and financial success indicates correlation, not causation. When the Nobel Prize-winning economist James Heckman asked people how great a role innate intelligence plays in financial success — like how much the difference between one person’s income and another is based on their relative IQs — most people said 25 percent. Some went as high as 50 percent

Nope. Heckman’s research revealed that innate intelligence plays, at best, a 1 to 2 percent role. Instead, financial success is correlated with personality traits that underpin conscientiousness: self-discipline, perseverance, and diligence.

The study’s findings mesh nicely with Mark Cuban’s position on what contributes most to success. According to Cuban:

It’s not about money or connections. It’s the willingness to outwork and outlearn everyone.

Granted, luck also plays a major role in success. According to a study published in Advances in Complex Systems, “The maximum success never coincides with the maximum talent, and vice versa. Our simulation clearly shows that such a factor is just pure luck.”

Granted, the authors of the study are referring to the link between outsize success and outsize talent. And “luck” refers to more than just winning the lottery: happening on the right people, happening on the right opportunities, etc.

But clearly the same relationship exists between, say, above-average success and above-average intelligence. All other things being equal, if you and I are on par in terms of intelligence (which unfortunately means you’re below average), luck plays a role. 

Problem is, you can’t control luck. (Although you can certainly find ways to be “luckier.”) And you can only partly control IQ.

But what you can completely control is how conscientious you are. How diligent you are. How persistent you are.

How hard you work — and how hard you work to learn. Innate intelligence is one thing. Learning, and putting what you learn to work, is another.

If you happen to define success by traditional measures, like professional achievement or fortune or fame, diligence, persistence, and hard work are the great equalizer. 

If your definition of success leans heavily toward the quality of personal relationships, maintaining a positive work-life balance, or making a meaningful difference in the lives of others… hard work is still the great equalizer. Great relationships require significant effort. Work-life balance requires significant effort. Making a meaningful difference in other people’s lives requires significant effort. 

People who make the most of their lives work hard to improve the quality of the life hours they carve out. People who stand out for serving others work harder to leverage their skills and experiences; that’s how they’re able to make such a meaningful difference. 

You can’t control whether you possess certain inherent advantages. But you can control how persistent, self-disciplined, and diligent you are. You control how wise you work to become. You can choose to out-work and out-learn.

Unlike innate intelligence and luck, those are things you can control.

Which is great, because your willingness to work and learn will make the biggest impact on your success.

https://www.inc.com/jeff-haden/science-says-rich-people-arent-inherently-smarter-mark-cuban-agrees/91308617?utm_source=newsletters&utm_medium=email&utm_campaign=INC+-+This+Morning+Newsletter.2026-02-27+-+10087&leadId=1548979&mkt_tok=NjEwLUxFRS04NzIAAAGgPhEZ4ZSliO4nCIcmPRJhwc8mHxMiFhMEmYhXSSGKS_YwsLpfPrdiVSROTVgjAIa_AHwxKmifergq9Ygn_s7x6Db5mzsfV4JLyigsUk_EFZBa

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