Greg Giles

[Greg Giles @G2_CPA]

Exhibit #162 why I love Chad Ford

[Chad Ford @chadmichaelford]

Am I a Christian?

I’ve been thinking about that question for more than twenty-five years.

Is the answer simply that everyone gets to define the word however they choose?

Jesus had some thoughts …

https://t.co/LbyohF4f5B

[Greg Giles @G2_CPA]

@TheMetsX Solid questions.

[Greg Giles @G2_CPA]

@davidjsmith1232 I have heard a million legit complaints about how unfair it is, but haven’t heard one defense or rationalization of the rule from the NBA. Any idea what the league basis is for this part of the 3 straight rule?

[Greg Giles @G2_CPA]

@GBSHansO Approved

[Greg Giles @G2_CPA]

@jdthatch1 @MarkW_E01 Your overconfidence is stunning. I would bet that neither the Wizzinators nor Jazz know 💯 who they want, so I’m not sure how you would know for sure. If you want to talk in probabilities, fine. “Everyone knows” is crazy.

[Sam Amick @sam_amick]

There’s a woman courtside here in San Antonio who brought a mini Oscar trophy to present to SGA whenever he hits the deck. More sights/sounds/analysis on the @TheAthletic live blog here.

https://t.co/E8oH0QM43k

[Greg Giles @G2_CPA]

@BigJakeCLE Jazz fans tried to warn you…

[Milk Road Macro @MilkRoadMacro]

Bill Ackman just explained the two trades that made him $5.2 billion in three years.

Both started the same way. He saw a storm coming that everyone else was ignoring.

Trade one: COVID, January 2020.

Ackman read the early data and concluded the world might have to shut down its entire economy to stop the spread. Equity and credit markets were priced as if everything was fine.

Over 10 days, he bought $74 billion of notional credit insurance. The premium cost him $27 million. Ten days later it was worth $2.6 billion. He took every dollar of that and bought stocks with the market down 30%.

Trade two: inflation, late 2020.

He saw the setup clearly. Trillions in government spending. Rates at zero. A vaccine coming that would unleash pent-up demand. Supply chains already disrupted. He concluded a massive demand shock was coming into a constrained supply environment and that inflation was inevitable.

He bought interest rate options when the 2-year treasury was at 12 basis points. The strike was at 94 basis points, 0.94%, which at the time looked impossibly out of the money. It still looked like a low rate.

Those options turned into another $2.6 billion in profit. He bought stocks again.

His framework hasn't changed across either trade.

Two storms. $27 million in. $5.2 billion out. Stocks bought both times at the bottom.

[Greg Giles @G2_CPA]

@HeathLongmire @historyrock_ At least by now…

[Greg Giles @G2_CPA]

This info needs to be disseminated.

[Kevin O'Leary aka Mr. Wonderful @kevinolearytv]

Why is there suddenly such an aggressive push against American data centers and AI infrastructure? After seeing a major spike in coordinated opposition campaigns around our Utah projects, we conducted a digital audit and traced a large amount of the activity back to an organization called Alliance for a Better Utah, which has been pushing misinformation throughout Box Elder County about our data center developments. What’s even more concerning is where the funding appears to originate. After reviewing IRS Form 990 filings and tracing the network behind it, the money appears tied to Chinese linked funding channels connected through an organization called Arabella. Think about the incentive, if China is racing to dominate AI and compute capacity, why wouldn’t they want to slow American infrastructure down?

[Greg Giles @G2_CPA]

@JWeinbachNBA In related news, if the Jazz wanted to give Lauri to the Wizzinators for free, there would be serious intrigue from the Wizzinators. Of course I’m not saying the Jazz would ever do it, but let me post this gem anyway. Thanks for the “analysis.”

[Greg Giles @G2_CPA]

@danclayt0n No way in a million they trade Ace and #2 for #1.

[Greg Giles @G2_CPA]

@BensHoops How dare you?!

[Greg Giles @G2_CPA]

@KevinOConnor Book it.

[Greg Giles @G2_CPA]

@RapidResponse47 @HarmeetKDhillon This has been going on for 30 years. The LA Times did a multi-part expose on this exact dynamic almost 30 years ago. The LAUSD and teachers union are two of the most wicked and corrupt organizations in the country. There’s special place in hell for these abusers.

[Greg Giles @G2_CPA]

Great advice for investors, which should everyone.

[The Money Cruncher, CPA @money_cruncher]

If you invested $10k in the S&P 500 from 2005 to 2024, you would have ~$71k.

BUT if you missed just 10 best days, the value drops to ~$32k.

Missed 20 best days, and it's now $19k.

Most of the BEST days happen within weeks of WORST days.

Stay invested, regardless of the news

[Greg Giles @G2_CPA]

@houston_brogan Doubtful.

[Chamath Palihapitiya @chamath]

On page twenty-six of “The Billionaire Tax” proposal in California, it explains how the state legislature can convert from a Billionaire Tax to an Everyone Tax without voter approval.

They can also adjust the tax to be a yearly tax, not just one time…again, without your approval.

Intelligence test for you: if this was meant to just target Billionaires, why did they write this in?

[Tony Farmer @Tonysmarkettips]

https://t.co/6RPb8xTylm