Exchange Traded Filth

Non-target personality hire / Three beers and a Fanta / Ex-@FTX_Official

[Exchange Traded Filth @FilthyFunds69]

Lane Kiffin, 50 years old, sent a message using invisible ink. Incredible OPSEC from a veteran of the game.

[Exchange Traded Filth @FilthyFunds69]

@opinioncasino Lorenzo Botswana is smiling somewhere as his cattle futures contracts moon. Elevate.

[Exchange Traded Filth @FilthyFunds69]

War damn Panther! 🐈‍⬛

[Milwaukee Baseball @MKE_Baseball]

Winner Take All.

🏆 2026 @NCAABaseball Championship
Milwaukee 🆚 No. 4 Auburn
🕔 5:00 p.m.
📍 Auburn, Ala.
🏟️ Plainsman Park
📺📊 https://t.co/ajgIkIqokn
🎙️ Mark Neely & Gregg Olson

#ForTheMKE | #HLBASE | #MKEBaseball | #RoadToOmaha

[Exchange Traded Filth @FilthyFunds69]

Going to be lawsuits / people facing charges for this eventually imo. Blatant violation of fiduciary duty. $SPCX

[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.

[Exchange Traded Filth @FilthyFunds69]

@CaliforniaWager @bigcontentguy

[Memes @PardonMyMeme]

6 years ago David Guetta ended Racism

[Exchange Traded Filth @FilthyFunds69]

@WarDamnStool

[Exchange Traded Filth @FilthyFunds69]

BELT TO ASS @AuburnBaseball

[Exchange Traded Filth @FilthyFunds69]

@bigcontentguy ROLL PANTHERS BCG

[Exchange Traded Filth @FilthyFunds69]

@WestleyMcIII The Harvard of the East Side!

[Exchange Traded Filth @FilthyFunds69]

@JohnDoey8xk God’s country!

[Exchange Traded Filth @FilthyFunds69]

My top 5 bars in the United States:

1. Major Goolsbys - Milwaukee, WI

2. Mac’s Club Deuce - Miami Beach, FL

3. Mai Tai Bar @ The Royal Hawaiian - Waikiki Beach, HI

4. Blondies Sports Bar - Fort Lauderdale Beach, FL

5. The Indian Crossing Casino - Waupaca, WI

[Exchange Traded Filth @FilthyFunds69]

@WarDamnStool BELT TO ASS #RollPanthers

[Exchange Traded Filth @FilthyFunds69]

@StoolMintzy Horizon League supremacy strikes again!

[Exchange Traded Filth @FilthyFunds69]

@CDisinterest @EconomPic For RIA custody specifically, Altruist is emerging as a legitimate option

[Exchange Traded Filth @FilthyFunds69]

@srpierce14 @MadMaxMKE @TheyAlreadyKnew

[Fugitive Caesar @ThomBrady5]

It's kind of typical of Boomers to realize they have a market problem (high property taxes), and rather than try to solve the market problem, their immediate reaction is to instead give themselves a special legal carveout while making the problem worse for everyone else.

[Exchange Traded Filth @FilthyFunds69]

@pastramiboi Could not have put it better myself! Goolsbys is just such an institution. Great place to stumble into for a few hours after some Horizon League hoops or AHL hockey.

[Exchange Traded Filth @FilthyFunds69]

@ASAP_Pain_ Admittedly, I encourage this from the Cuban drivers in Miami

[Exchange Traded Filth @FilthyFunds69]

He’s hungover on the way to the airport. Now make his Uber a Tesla.

[Exchange Traded Filth @FilthyFunds69]

Denver, thanks for having me