Welcome to Markets Desk, your midday read on what's moving markets and the minds behind them.
At Berkshire Hathaway, the post-Buffett era is taking shape under Greg Abel, and the early signal is clear — concentration remains the house religion. Abel has positioned more than thirty-five percent of Berkshire's three hundred fifty-nine billion dollar portfolio in just two core holdings, signaling continuity in philosophy even as the legend steps back.
Shifting to the cloud, AWS chief Matt Garman pushed back hard on the idea of orbital data centers, calling space-based AI infrastructure a decade or two away from practicality. Rocket costs, heat dissipation, radiation exposure, and hardware pricing all stack against it. Garman acknowledged the problems are technically solvable — just not on any near-term timeline investors should be pricing in.
And in the digital asset space, Thailand's financial regulators are moving to cap certain stablecoin transfers at one hundred forty-eight thousand dollars per day, while also requiring that transfers occur only between wallets belonging to the same individual. The draft rules are aimed squarely at money laundering, and they signal tightening sovereign oversight of crypto payment rails across Southeast Asia.
That's the tape. Markets Desk, signing off the floor.
