Ignore What They Let Trump Hear

MSNBC reports that, while businessmen might publicly praise Trump, their SEC filings sing a different tune.

The story concentrates on Nvidia CEO Jensen Hung, whose company clearly stands to get hammered by tariffs, on top of Trump having publicly mulled breaking it up:

"America's unique advantage that no country could possibly have is President Trump," Huang said. The comments were later posted by an official White House social media account keen to amplify a fresh testimonial on Trump's leadership from a business executive now nearly as rich as Warren Buffett. [bold added, links omitted]

Goodness gracious! What leg up might this luminary give them?

Perhaps SEC filings might clue us in on Trump's secret sauce. (We all know Trump could have already single-handedly ushered in the AI Revolution by now, had he not somehow been hoodwinked out of his second term by those bumbling Democrats in 2020, but that's beside the point.)

The story observes:

In its filings, Nvidia's immediate outlook is more volatile than Huang lets on. The filing mentions tariffs seven times and lists them under specific "risk factors" that could dent Nvidia's revenue. The previous quarterly filing, from late 2024, only mentioned tariffs three times, and it didn't single them out as an obstacle big enough to threaten the firm's bottom line.

Other company filings show similarities... [links removed, bold added]

Of course what they say around Trump is different: He can't handle not having his ... ego ... massaged, and will abuse his power in the general direction of anyone who doesn't do so.

If we set aside my prior sarcasm and the even fact that centrally planning a modern economy is impossible, it's too bad that the Central Planner in Chief has such a fragile ego. His own victims feel it necessary to shield him from the kind of deserved criticism that could help him at least screw things up less than he is.

-- CAV