Especially when your fees aren’t based on performance, but on assets under management.

$300M to oversee a sinking ship? Good work if you can get it.

Did you know it was the high stakes table when you sat down?

Maybe I just don’t remember you saying ARK was likely to collapse.

Wut?

I’m not a victim. I didn’t invest in ARK.

Can’t post pics or you better believe I’d put up the chart showing she’s cost her investors more than any other manager in over a decade.

So what’s everyone’s thoughts on Cathie Wood these days?

https://www.wsj.com/finance/investing/ark-funds-cathie-wood-investors-56e2950c

Byates, you ever buy that ARK? Shera still think she’s a...

Shit, guess I’ll buy some Bitcoin so I can keep pontificating here.

Do I need to buy a Tesla if I want to keep complaining about Musk too?

Am I understanding correctly that fees from this bullshit is what’s supposed to save the miners?:

https://www.okx.com/web3/marketplace/nft/collection/btc/rune-stone
...

This is my understanding, but anyone can feel free to chime in to correct me or add detail:

Holes and slots are mostly to get contaminants off the braking surface. At very high brake temps that...

I never left.

Musk is apparently suggesting that since Tesla sales dropped 20% Q4 to Q1, headcount should also drop by 20%.

This is the type of reasoned thinking only those companies fortunate enough to afford...

But if a Ponzi hasn’t collapsed yet, is it really a Ponzi?





Yes.

For the record, it’s not just Krugman, or just progressive leaning economist claiming inflation was transitory. For example:

https://kevinerdmann.substack.com/p/transitory-inflation-another-review...

I apologize. Next time I’ll be sure to include all waves of Covid, the Russian war in Ukraine, and the Oct. 7 attacks in my predictions.

Going forward, what global shocks should I be factoring for...

God-fucking-dammit!

Predicting what’s going to happen in the future is not the same thing as just understanding the fundamentals of how something works.

Ooh, inflation has only come down to 2.8...

Jesus you’re dense.

Just because you can try to buy low/sell high to try to take advantage of price swings with stocks doesn’t mean you have to. In fact the generally accepted advice for someone...

So where are your gains coming from?

It’s not that fucking complicated.

“I don’t own an $80K rolling prison toilet but I’m drilling a random hole with a pop rivet in my gas pedal out of solidarity”

https://bsky.app/profile/kilgoretrout.bsky.social/post/3kqlddlq6oc23
...

Gotta come back to this bullshit.

A big problem with Bitcoin is that it isn’t an ‘investment’, as has been pointed out repeatedly in here.

An investment has the possibility of making all...

You have a very fundamental misunderstanding of inflation.

Does it ever seem weird to you that despite the dollars being on a steady march to zero the standard of living continuously improves?

What I hope is that fewer people, not more, lose money in a Ponzi.

And it’s just a straight up fact that the US economy has been doing better than any peer country economically. Everyone suffered...

What’s the inflation adjusted come of the typical Subway customer?

Asking for a friend.

And Bitcoin will only defund the bad parts of government, or the whole thing?

And buying bitcoin solves the issue I guess?

“Since the start of 2023, the price of food has increased 1.2%. Average earnings have gone up 4.3%.Inflation in groceries has been close to zero for over a year and has been negative for the past two...

My apologies, I hadn’t realized the ‘B’ in BDS stood for Bitcoin.

But it hasn’t actually ‘crushed’ the whole time, right?

Wasn’t happy that my new road bike didn’t come with tubeless valves. Just went to install the ones I bought and found out that the bike came with Aerothan tubes, so at least I have some light spares...

If you’re really need a ‘store of value’ that’s inflation protected, how about just buying some TIPS?

Inflation doesn’t seem out of control, even if it hasn’t gotten back to the 2% target yet?

https://jabberwocking.com/inflation-slows-in-march/

And recall that wages are outpacing inflation. And...

“Go back 10 years and ask people whether they’d rather hold dollars or buy the winning lottery ticket numbers I happen to have”

GTFO.

The nuance is in the use of the word ‘net’.

I’m sure everything is on the up-and-up, and this is just a coincidence:

https://x.com/ben_mckenzie/status/1781284107885891591?s=46&t=3lUaICPxsR_NcRK2VkCfkg

‘Building’ isn’t always a net good. We’re getting really good at building synthetic opioids, and it fucking sucks.

This value of this ‘store of value’ seems to pretty unstable, as per usual.

Dropped below 60. Hope this train keeps rolling downhill.

Report that Israel targeted the drone facility from which Iran launched their attack.

https://x.com/ywnreporter/status/1781152751642087747?s=46&t=3lUaICPxsR_NcRK2VkCfkg

My issue with the Aggressor was that the cornering knobs undercut really quickly, and they’re somewhat small to start with, so cornering traction became an issue with relatively low miles.

(This...

I have the 2.4 (older ones were 2.35). Just measured it at 60.5mm for the casing, 60mm at the tread.

Haven’t ridden yet this year, so not fully pumped up, though it does still feel fairly firm.

I’m currently running a Vittoria Martello as a faster rolling rear and am happy with it.

I did move to the enduro casing instead of trail for the extra protection - cut the trail casing that came...

Owner finding out he paid $100k for a mark of shame:

“I don’t know if others have similar experience, but as I drive around in CT, most reactions are good/fun, but I’ve had several teenagers flip...

Make that 68%+

Lost the ability to embed video again, so you’ll have to click the link:

https://youtu.be/uhG-vLZrb-g?si=37venZQg4oZ7ICMm

Unsurprisingly, the IDF was not actively working to prevent settler violence. That shit needs to change.

https://x.com/meirja/status/1779596115794362797?s=46&t=3lUaICPxsR_NcRK2VkCfkg

Learned that one the expensive way.

That Syndicate method is what I’ve been doing for a few years now and I haven’t felt the need to change.

“Iran mission to the UN says after its attack against Israel tonight: “The matter can be deemed concluded.”

https://x.com/amichaistein1/status/1779276355995086977?s=46&t=3lUaICPxsR_NcRK2VkCfkg
...

My understanding is that it doesn’t fall within the category of ‘car porn’:

https://www.caranddriver.com/reviews/a43878817/2023-vinfast-vf8-by-the-numbers/

Would be nice to be able to post pics.

From Elon’s burner account that was outed during deposition:

https://bsky.app/profile/jimmyjazz1968.bsky.social/post/3kpsbugs7n32h

He’s so fucking...

Harmonized core inflation (the measure that European central banks use, due to issues with measuring ‘owners equivalent rent’ used in regular core CPI) is at 1.9% year-over-year.

Wow. That’s some genius level analysis there.

“Housing inflation - as modeled by CPI - is still near cycle highs. That's because OER has a 6 month (or longer) lag.

When we look at new rental lease prices, we see that inflation has already...