Jonathan Jones

Big 4 auditor, trying to figure out life TTU '21

[𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉 @OrevaZSN]

Being part of a generation that was told “Wikipedia is not a source” makes it genuinely baffling to me that jobs are now telling people to just use ChatGPT for everything.

[coopz @Coopz___]

I think this is the beauty of the United States, that we citizens take for granted.

You can make a video of this anywhere with any state, expect Oklahoma, and witness pure beauty in nature

[Tom Warren @tomwarren]

I'm not crying, you're crying

[Kofi Wiredu™ @Wiredu_]

That Gianni Infantino corruption documentary will hit like crack in 2036.

[David Covucci @DavidCovucci]

this is a crazy thought, but given texas tech is a college, and he's a student there, they don't have to cut him loose! they can still let him attend college! they can help him get better while he goes to college!

[bart @soxbart]

“It’s filled with popcorn.”

Yeah not falling for that. Literally how they tricked Troy.

[Adam Crafton @AdamCrafton_]

Any other organization that dismissed concerns like this only for them to be utterly exposed as true would be facing questions about the future of its leadership. As it is, several confederations have expressed their intention to let this man continue to run the sport.

[David Dennis Jr. @DavidDTSS]

This the quintessential story of how sports reflects the state of the world. Thousands of fans have waited for Game 3 their whole lives and now they’re priced out of entering the game and can’t even celebrate outside because one billionaire gets to attend the game for free.

[Rachel Bitecofer 🗽🦆 @RachelBitecofer]

Trump killed Texas beef and with it, Texas BBQ

[Shehan Jeyarajah @ShehanJeyarajah]

I’ve said it a thousand times at this point, but ruining everything people love about sports to squeeze a few more dollars is gonna have long term negative effects that people can’t imagine

[Lyndon Baines Johnson @lyndonbajohnson]

Houston is a city. Maybe not a proper, lawful, healthy, or sane one. But it is a city. Dallas is 45 suburbs in a trench coat. -OS

[Fitz @FitzGSN_]

Jalen Brunson

[Houston Rockets @HoustonRockets]

One giant leap for new threads.

[Jeff Skin Wade @SkinWade]

Hell yeah - this is badass

[[Official] P1Domo @P1Domo]

Coming Soon

[Alison 🌾 @alison_renner]

And there you have it.

Arlington Cowboys
Arlington Rangers
Addison Mavericks
Plano Stars

Professional sports used to bring cities together. Now greedy ownership dismantles them.

[Barsotta 🌵 @Barsotta]

From this point on Nija came in and got the win in game one. Then came out in game 2 and went 7 IP, 2 H, 0 ER, 0 R, 1 BB, 6 K.

It’s almost like Gerry knows how to coach and get the best out of his players. VINTAGE NIJA.

See you Wednesday if you don’t dodge us like Sark.

[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.

[ethan @ethanp0iss0n]

Her honeymoon should just be going home for a week

[Alonso Gurmendi @Alonso_GD]

Football hooliganism? In Europe?? UNTHINKABLE!! Must be the immigrants! /s