Bellanov

I develop things 💻 so I can travel ✈ #SolutionArchitect #CloudArchitect

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

Imagine you spent 40 years doing the boring, responsible thing.

You opened a 401k at 23. You contributed every paycheck. You ignored the noise. You bought the index because Bogle told you to, because Buffett told you to, because every honest piece of financial advice for 30 years told you the index was the safest, most diversified, most rules-based way to own America.

The whole point was the rules.

The rules said: a company must trade for 12 months before joining the S&P 500. The rules said: it must show four consecutive quarters of GAAP profitability. The rules existed because in 1999 the index quietly bought a lot of stocks at the top, and pensioners paid the bill.

After the dot-com crash, S&P tightened the rules. Nasdaq tightened the rules. FTSE Russell tightened the rules.

For 23 years, those rules held.

Then SpaceX filed for IPO.

And the rules changed.

The S&P 500 waived the profitability requirement. Nasdaq cut its trading-history window from 90 days to 15. FTSE Russell cut its to 5.

Bloomberg Intelligence estimates the major index funds will absorb between 19% and 24% of SpaceX's float within six months. That's over $30 trillion of passive 401k and retirement money, mechanically buying a single newly public company at IPO valuations, because the rules said they had to.

Except the rules used to say they didn't.

Here's the thought exercise:

If you spend 40 years building a system designed to protect ordinary savers from buying overpriced stocks, and then you waive the protections the moment a sufficiently large stock asks you to, what was the system actually protecting?

Most of investing is about understanding what's a rule and what's a guideline.

A rule binds the rule-maker.

A guideline binds the saver.

You're allowed to find out which is which only after the fact.

[Bellanov @Bellanov]

Bahahahahahaha

[Bellanov @Bellanov]

@JoshFairhurst Sorry to hear.

[Bellanov @Bellanov]

Bruh lmao

[🐶WOOF CLITZER🐶 @ESPNFrankie]

Kashy like to drink
Kashy like to smoke
Kashy like mix arm and hammer with his Coke

[Bellanov @Bellanov]

Whew 🔥

[Jon Cooper 🇺🇸 @joncoopertweets]

Damn. Iran just dropped an A+ level troll on Trump in this new LEGO movie.

I’m no fan of Iran at all… but this one actually nails him. 😂😂

[Bellanov @Bellanov]

Lol...

[Not Jerome Powell @alifarhat79]

Lmaoooooo I’m crying

[Bellanov @Bellanov]

@sps_birdman Keep up the good work!

[eиpicie @enpicie]

FindMyFGC is now live!

Built a site to help people find fighting game events in their area. You can filter events by certain games, and I'll add more games in the future

You can find it at https://t.co/pAmyNyY8bf

[Bellanov @Bellanov]

Lmao 🤣 🤣 🤣

[DrDoctor_MD @DrDoctor_MD]

@fox5dc Time to break it out again.....

[Jayroo @jayroo69]

Arnold Schwarzenegger doing Bone Thugs-N-Harmony's "Crossroads" is exactly what I needed to begin my weekend

[Darth Powell @VladTheInflator]

HOLY FUCK it wasn't even close.

I'm going to tell my kids this is Epstein Island

[Bellanov @Bellanov]

Lmao 🤣

[Oluwajomiloju @JomiAdeniran]

George W. Bush rn

[Bellanov @Bellanov]

Bruhhhhhh, not again #ICE

[Kvist @kvistp]

@atrupar

[Bellanov @Bellanov]

Getting back to Inner Circle Bets!

[Bellanov @Bellanov]

Lmao 🤣 🤣 🤣

[Hater Report @HaterReport]

Lamar Jackson looking at his kicker on the flight back to Baltimore

[Bellanov @Bellanov]

🤣 🤣 🤣

[Epic Clip Vault @EpicClipVault]

Mom of the year, no debate.

[Rhys @RhysSullivan]

made an epstein file viewer because the governments website sucks

hosted for free at: https://t.co/wG0oZpkyuG

[Bellanov @Bellanov]

Good stuff 👏

[bird man 🐦 @sps_birdman]

✅ cash it with ease.
over 42 hits beginning of 4th quarter

#football #betting #fyp #viral #TNF

[Bellanov @Bellanov]

@CuzDubSaidSo Hearing about bomb threats to polling places is wild.

[bird man 🐦 @sps_birdman]

#UCL ⚽️

• Arsenal 1H ✅
• Juventus ML ❌
• Tottenham -1.5 ✅

Who wants more free plays today?!

#soccer #betting #fyp #viral