Agnost

Documenting grift

[Agnost @Agnost_]

Deleting this app for good, see you later aligators

[Agnost @Agnost_]

If you ever wonder if Twitter used to be better before Musk, have a look at your bookmarks. The number and quality of my bookmarks fell off a cliff since the ketamine-induced impulse buy.

[Agnost @Agnost_]

I wrote down in personal notes what I got from this website. Needless to say, the return of time spent is abysmal.

[Christopher Bloomstran @ChrisBloomstran]

Gross incompetence? Fraudulent promotion? I hope as a CFA you know, Tasha, that an investment recommendation must be made with a reasonable basis. Otherwise you lose your charter for violating the Standards of Practice and Code of Ethics. A $7-$10.9 trillion market cap expected range by 2029 makes ARK perhaps the biggest charlatan of the modern era of fleecing the retail investor. Apple, Microsoft and Nvidia are today valued at “only” $9.6 trillion. The whole S&P is valued at $44 trillion and 24 times forward earnings. Your 2029 4.1% free cash yield suggests a 24 multiple to earnings for the car company, suggesting $450 billion in 2029 profits (today’s REVENUES are $95 billion). Holy delusion, Batman. You couldn’t help yourself by topping last year’s ridiculous predictions by 25% despite flat revenues and fast-declining margins and profits.

This one is is a doozy: “Our research suggests that generalizable humanoid robots represent a ~$24 trillion global revenue opportunity at scale.” You do realize the entirety of global GDP is just over $100 trillion?

That Tesla Insurance continues to make an appearance in your factually devoid analysis brings humor to the entire episode of the promotion of your book and the car company. Suggesting the insurance business will be nearly as large as Progressive is today? Have you seen the 40% operating losses on the so minuscule book of auto insurance that it doesn’t merit mention in the company’s financial statements? Three years ago you predicted a 40% operating profit in insurance. I guess you meant losses, which actually makes sense.

Not sure why @SECEnfDirector hasn’t descended on ARK’s offices in St. Pete or why @CFAinstitute is apparently disinterested in investigating a lack of reasonable basis in your “research” but one thing remains - ARK sure does know how to put a spin on the promote while eviscerating retail investment capital. At least you guys have gotten rich with more than $400 million in management fees while losing literally tens of billions. Grifters gonna grift.

[Agnost @Agnost_]

@SILVERnBOLD Inspiring. I smell a great LinkedIn influencer career ahead.

[Captain 40Grit @Capblyatbeard]

@willjameson @Tesla @elonmusk The ketamine has spoken

[Agnost @Agnost_]

@molly0xFFF Niche forums and communities outside giant websites.
People creating things without monetization strategies.

[Agnost @Agnost_]

@buccocapital 50% chance, either war or no war.

[Agnost @Agnost_]

@RER_A Heureusement que vous avez fait les maintenances cet été.

[Agnost @Agnost_]

@TrungTPhan It would have been more interesting to see more of this rather than whatever was shown in 70% of Oppenheimer.

[Agnost @Agnost_]

@MosquitoCapital @buccocapital Google used to have one. Advertisers spending dozens of millions got permabanned for advertising legal but morally bankrupt products.

[Agnost @Agnost_]

Some people should go watch Glass Onion and reflect for a bit.

[Dave Rubin @RubinReport]

Will share more in bit but have to catch a flight.

On a personal note Elon is funny as hell, laughs a ton and it’s just really obvious he cares about Twitter because he cares about free speech and the bigger problems facing the world. He doesn’t need this headache, he chose it.

[Agnost @Agnost_]

@tomi @JCOviedo6 @GaryGensler Well it can pull near infinite mass. Move it however..

[Monaco Quant @Monaco_Trader]

Elon’s secretary this morning screening more margin calls from Morgan Stanley $TSLAQ

[ Q-Cap  @qcapital2020]

SBF arrested ✔️
Fintwit charlatans arrested ✔️
Tesla down -60% YTD ✔️
Laser eyes, JPEG's nowhere to be found ✔️
McDonald's job application rising ✔️

Nature is healing 🌿

[Luke Metro @luke_metro]

All the smartest people I know are going into web3.

On an unrelated note, all of them are prosecutors.

[Aman @AmanHasNoName_2]

Twitter Employee: Sir we are not able to get the code from Git.

Musk Melon: Who is Git? Why isn't he in the office? I said no Work From Home!

[Mike Scollins @mikescollins]

I don't wanna make a broad generalization but you have to admit it's at least *interesting* that everyone who likes Elon Musk is the biggest loser you've ever met.

[Ben Sandofsky @sandofsky]

2002: “Organize the world's information.”
2007: “Connect with all your friends.”
2012: “The Sharing Economy.”
2017: “I don’t know. Chat bots?”
2020: “Fuck it. Ponzi schemes.”