SINdicator

[John Arnold @johnarnold]

There should be a word in English with the same meaning as schadenfreude. Taking pleasure in someone else's troubles is a common, natural, but still deeply troubling trait.

I used to have a strong case of it. I cared as much about my relative standing as my absolute position. Life was a race and if someone else stumbled I felt I was better off.

The field of trading is particularly susceptible to the trait. Markets are viewed as zero-sum. Performance is inherently relative. Still, it's possible to be ultra-competitive, to get joy out of your own success, and not get enjoyment out of other's pain. It took me a while to learn that.

The same instinct plays out far beyond markets. I think schadenfreude is at the root of much of today's political dysfunction. Too many people are more upset by someone else's success than they are happy about their own. Since there will always be someone more successful, living that way is a recipe for discontent. That gets reflected in the voter booth.

I eventually grew out of the emotion. Maybe self-awareness of my personal faults helped me overcome it. Maybe I just had enough professional success to where my confidence rose enough. I like to think it was the former.

Either way, I'm happier that I overcome it. When someone stumbles, I'm just bad for them. Spending emotional energy celebrating others' losses is a lousy way to live.

[John Arnold @johnarnold]

Most intangible assets lose value over time, so IRS lets buyers amortize them over 15 yrs. Sports teams are unique in that sales price can be >90% intangibles but the franchise & brand appreciate over time. This makes teams a huge tax shield for very rich that should be reformed.

[Doc Strangelove @DocStrangelove2]

The hood is adapting.

[morty @findmorty]

banger

[NO CONTEXT HUMANS @HumansNoContext]

She saw an opportunity and took it

[ben 🏴󠁧󠁢󠁥󠁮󠁧󠁿🏆 @bnwkr]

imagining a 74 year old judge reading this after a long week

[SINdicator @Hinge12522012]

@slapshotcapital @HighyieldHarry Still have funds to invest. Just another LifeCo investment seat. You’re not selling anything brother.

[Ed Zitron @edzitron]

Masayoshi Son is the greatest to ever do it
https://t.co/XAcJlyz5tI

[JT @jiratickets]

another day at the air conditioned office where i get paid to eat private equity snacks and drink from the infinite intelligence faucet on my computer

[Greg Kamradt @GregKamradt]

obvious in retrospect but I had no idea there was a black market for tokens

[SINdicator @Hinge12522012]

@heynavtoor MarkItDown

[Aaron Cannon @AaronLCannon]

I started talking to my co-founder like Claude

[SINdicator @Hinge12522012]

@SVP_of_Retail @resetbasis Thats hilarious

[izzy @butchysports]

like I’m literally in tears this is so good

[Adelaide ✶ @doemisu]

I got in an argument in her comments because she made a video about how unhappy she was with all of her material privilege so I said she should probably try volunteering and maybe giving up some material and everyone said I was being ableist and didn’t understand depression

[Dip Wheeler @DipWheeler]

the boys hit beijing.

[sankalp @dejavucoder]

tech bros to finance bros today

[Connor @BusDownBonnor]

Claude literally just ended the conversation on me????

This might be AGI

[litquidity @litcapital]

Hear me out: this has all been a psy op orchestrated by Jamie Dimon to get all the horny finance bros excited to get back into the office 7 days a week

[SINdicator @Hinge12522012]

@financeguy725 Just to clarify, you were buying it out of a CMBS right, not a CLO?

[SINdicator @Hinge12522012]

@financeguy725 please come back from the dead - have you ever bought shit out a CLO