530Joe

✝️, 📊,⚾️,🏈,🥃

[530Joe @530joe]

Today a friend told me $AMC stands for “Apes Make Cash” and I think that’s as clear of a signal as you can get in this market

[530Joe @530joe]

@WesternLensman Probably more than 40, buddy

[530Joe @530joe]

@verumxbt He also knew he has a hell of an inheritance

[530Joe @530joe]

@DavidSacks @naval Personal liability for product actions would be helpful. Think it will kill humans? Get ready to bankrupt your bloodline

[530Joe @530joe]

@dee_bosa There’s a non-0 chance they’ve agreed that mounting losses also need to be slowed to maximize their eventual public exit

[530Joe @530joe]

@denstarr4 Nevada gaming control sets minimum payouts on games like slots that tribal casinos couldn’t dream of

[530Joe @530joe]

@RepRoKhanna Federal budget is $7 trillion and congress could give a F*** about it. Fix the waste before you ask for more

[530Joe @530joe]

@LasVegasLocally Imagine fighting for status at the least generous casino base with the (subjectively) worst properties on the strip?

[530Joe @530joe]

@Mister_Prickles @reddit_lies 4.9m gain isn’t avoided. It’s part of your estate tax exemption ($15m per person). If the other assets exceed 10 mil, you’re looking at 40% tax on anything, including IRA’s, which exceed the threshold.

[530Joe @530joe]

@RoKhanna 7 trillion in budget and not one of those things is a priority. Why would that change?

[530Joe @530joe]

@OocTobeyM Glad to see them go, we didn’t want “Iron Man Jr.” when we could just have spider man

[530Joe @530joe]

@RNCResearch Has anyone ever walked out of a post office and thought “yeah these people should manage
our healthcare too”

[530Joe @530joe]

@ewenmind Ticket sales

[530Joe @530joe]

@DudeWhoInvests Let’s ignore all the positive pops in the “every single company” tweet lol

[530Joe @530joe]

Cheapest way for NYC to get involved w groceries would be to buy a building and lease it to Trader Joe’s for free. They take great care of their employees, logistics are on point, and rock bottom prices on every day goods.

[Phil McAlister @phil_mcalister]

A few very obvious points on Mamdani's grocery stores:

1. The supply of the discounted groceries will run out on day 1, and every day there is a new shipment. This is basic econ 101.

2. This means only the people who are lucky enough or fast enough will get these discounted groceries. Expect to see the city ration these groceries in some other way. By income, or neighborhood or some lottery system.

3. Grocery margins are notoriously low as it is (like 2-3%). These stores will lose a bunch of money selling 30% below market, or they'll sell so little it will be insignificant.

4. There is absolutely zero chance that government bureaucrats can source these products from global supply chains as efficiently as Walmart, or Meier, or Whole Foods, whose survival depends on it. Their costs will be far higher (unless they use government bludgeon to force distributors to sell to them at lower prices).

5. It's actually an incredible triumph of capitalism that you can get a pound of bananas that were shipped to your neighborhood from Equador for like 60 cents, or fresh grapes from Chile in the dead of Midwestern winter for 2 bucks a pound, and Norwegian salmon to cook in Italian olive oil for $15 -20 bucks or so. Truly stop and think about that for a minute. It's a miracle.

The median full time hourly wage is around $31 dollars. For ONE HOUR of work, the median working American can get all of the groceries listed below, which is about 22,000 calories. They can feed themselves for 10 days (or a family of 4 for around 2 and a half days), with an hour of labor.

This is the stupidest industry for socialists to go after.

[530Joe @530joe]

@jrichlive @turo There’s barely 2000 days in 6 years… this number seems inflated

[530Joe @530joe]

@lukepierceops California’s (and other states) software tax doesn’t apply to in house custom programs so there’s a significant savings which helps the decision

[530Joe @530joe]

@RoKhanna California runs with the highest tax rates in the nation, on a top 5 global economy.
We have a 25B deficit and our pensions are 100B underwater.

Texas and Florida are pushing 25B surplus’ annually on lesser economies.

It’s a spending problem.

[emily is in sf @emilyinvc]

short term cap gains for californians making >$1m is 54%. you are a minority partner in your own brokerage account.

but alas - the illegals need healthcare.

[530Joe @530joe]

@JasonSkoglund @SamKovX Management fees vs investment performance

[530Joe @530joe]

@cullenroche Their US funds would need the S&P 500 to drop 80% for the performance to breakeven.

He may manage decent money because they tell an interesting story, but results have been horrid and the inability to admit wrongness is embarrassing to the firm’s reputation