From Driverless Taxis To Busy Baby And Beyond May 11, 2025 Do you watch CBS Sunday Morning? It’s the most civilized, soothing, cultural, illuminating — accessible — uplifting thing on television. Like going to church, for atheists. Yesterday’s stories included one on Waymo driverless taxis (way safer than manned vehicles), one on Barry Diller (did you ever watch the Simpsons? date anyone you met on-line?), one on tariffs’ effect on small business (know anyone who has a baby or is expecting?) and one on creating art from trash. For 46 years, CBS has done itself proud on Sunday morning. Morrie H.: “Thanks for alerting us to the passing of Joseph Nye. Such an impressive man. The final paragraph of the obit particularly struck me.” “I’m afraid President Trump doesn’t understand soft power,” Mr. Nye told CNN in an interview days before his death. “Think back on the Cold War — American nuclear deterrence and American troops in Europe were crucial. But when the Berlin Wall went down, it didn’t go down under a barrage of artillery. It went down under hammers and bulldozers wielded by people whose minds had been changed by the Voice of America and the BBC.” HAND IT TO REPUBLICANS When they were right, they were right. (One minute.) ANIX I first mentioned this one five years ago when it was $4. I’ve mentioned it many times since — so, if you bought ANIX someplace along the way, you know it’s currently $2.75. And yet if you watch watch this (entering your name, email, and “private investor” to gain access), you’ll see they’ve made a good bit of progress. The company, with no debt, is valued at less than $100 million. If it truly has a cure for ovarian cancer and/or a vaccine to prevent breast cancer, it could be worth 50 times as much to one of the large pharma companies with the resources to bring it to market. Or, like so many other promising biotech speculations, it could crash and burn. OPRT Another possible winner I keep mentioning. It will be interesting to see how the proxy fight plays out over the next few weeks. As you know, I’m not bullish on the market as a whole. The possibility of stagflation is all too real . . . Trump’s trade war could trigger global depression . . . the damage he’s doing to trust in the dollar will be hard to stanch, let alone repair . . . a new real estate financial collapse could be in the offing . . . a perfect economic storm might be coming our way. So along with my crazy speculations (also: PRKR, HYMC) — which are not tightly correlated to the broad market — I still have my December 2026 DIA and SPY puts as a hedge. I truly hope they expire worthless.