Adam Colling

[Chamath Palihapitiya @chamath]

Facebook and @RobinhoodApp are the same:

They both trick you into thinking you are the customer. But, in fact, you are the product and your data is the asset.

These assets are then sold to their true customers who pay them money and always at your expense.

STOP BEING TRICKED!

[Chamath Palihapitiya @chamath]

All the money in 2008 was made by suits identifying a market dislocation and exploiting it.

All the money in 2021 was made by retail identifying a market dislocation and exploiting it...until the suits intervened.

👀

What’s the difference with these two statements?

[Chamath Palihapitiya @chamath]

r/wallstreetbets is now the largest hedge fund in the world.

Excepts it’s completely decentralized and entirely democratic.

[Chamath Palihapitiya @chamath]

Buffett once said: “It’s not about timing the market, it’s about time in market.”

There should be a step down in capital gains tax for individuals as they hold stocks. 20% per year decrease in cap gains tax. 0% after a five year hold period.

Incentivize long term behavior.

[Chamath Palihapitiya @chamath]

There are only two priorities:

Inequality + Climate Change

[Chamath Palihapitiya @chamath]

There was a bill introduced in 2018 to tax high frequency trading firms 10 basis points for rapid trading.

It was forecasted to generate $777B over the next ten years.

The bill was killed.

[Adam Colling @AdamColling]

Covid is just the start https://t.co/yeb2rql0tr

[Adam Colling @AdamColling]

A day of shame for the Labour Party. https://t.co/MbGMj5Wr5H

[Adam Colling @AdamColling]

Logic of closing a mine in 2049 to meet 2050 NetZero is like drinking a bottle of vodka every day for thirty years then giving up the booze and expecting to be peachy the very next day. #cumbriacc what are you drinking? https://t.co/Lxgsmifo8f

[Adam Colling @AdamColling]

BBC News - Coronavirus: Donald Trump and Melania test positive https://t.co/9ZL9QaJMp0 Wishing Melanie a swift recovery