Yayo Bourdain

[Pigeons & Planes @PigsAndPlans]

“They tell me ‘you gotta do straight hip-hop, it’s gonna translate better with your audience.’ Whatever the f*ck that means.”

At his ‘Cry Baby’ El Rey show Vince Staples shared some thoughts on his experiences in the music industry, namely the difficulties faced when wanting to experiment with different genres.

[AuxGod @AuxGod_]

Keith David has officially received his star on the Hollywood Walk of Fame on his 70th bday

[NEXTA @nexta_tv]

A Chinese robot wearing a clown wig kicked a child in the stomach.

[Chief Nerd @TheChiefNerd]

KIRIAKOU: “The Israelis have always spied on the United States.”

THEO: “Do we spy on them also?”

KIRIAKOU: “No, that's written in stone at the CIA.”

THEO: “Why can't we spy on them?”

KIRIAKOU: “It's a political decision that's been made in the White House.”

[Derrick Evans @DerrickEvans4WV]

This is worse than we thought.

Originally I thought it was hidden in the bill and most who voted for it didn’t know it was in there.

Now they are made aware and have the opportunity to remove it, and they REFUSE.

This is NOT ok.

[Mr.Karlous @KarlousM]

You need about 4 different incomes right now to be aiight.

[CigarBaba @CigarBaba777]

Throwback of Jewish Israeli-Canadian Rapper Drake discussing his deep disdain for Black culture amongst his day-one White friends at a Kosher Deli restaurant 👀😳

[Atlas Press @realAtlasPress]

Leonardo da Vinci's greatest paragraph

[Yayo Bourdain @Kevavelli]

Surprised myself hitting 245!

[Torraine Walker @TorraineWalker]

Just remember their killers' demographic got a hate crimes bill passed in 6 months while we can't get one after 2.5 centuries.

[Ahmed/The Ears/IG: BigBizTheGod 🇸🇴 @big_business_]

👤AB-SOUL👤

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⬜️PRODUCED BY HIT-BOY⬜️

🚨OUT NOW🚨

[tess. @cntlethagetaway]

this why you gotta read bc james baldwin said, “to be a negro in this country and to be relatively conscious is to be in rage almost all time”. and it’s reigned true for me bc to be aware of reality and how society can be structured against you…. man…

[Robert Littal BSO @BSO]

Chow who had a history of shooting at customers. Chased down a 14 year old who hadn’t stolen anything. Shot him in the back. Then had his son lie about having a gun pointed at him. It worked because black people’s lives aren’t worth even a $1 water bottle in this country. So if you are one of those people who like to say well all lives matter just know you are lying to yourself and you know it.

[Just Matt. @obatunse]

This chapter discusses how college-educated Black males in the workforce are essentially genocide survivors among their peers. There is so much institutional investment in preventing Black males from becoming leaders in their communities and society, generally.

[Don Salmon @dijoni]

He did not have to kill the teenage boy. A racial profiling, accusing of stealing, follow him out of the store and take his life.. the entire family, including the mother and the son are just as complicit.

[andi (twocents.com) @Nexuist]

Remember when Kamala accidentally leaked that foreign intelligence agencies had compromised the AirPods encryption algorithm on The Late Show with Stephen Colbert

[Jackie Singh @HackingButLegal]

Your 401(k) is about to become Elon Musk's exit liquidity

[Hedgeye @Hedgeye]

Rule changes for the SpaceX $SPCX IPO:

Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.

This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.

Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.

Russell 1000 and Nasdaq 100 funds will absorb 24%.

The rules built to protect passive investors:

1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.

2. Nasdaq cut its inclusion window from 90 trading days to 15.

3. FTSE Russell cut its to 5.

All three benchmarks are now structured to buy SpaceX at IPO pricing.

[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.

[unusual_whales @unusual_whales]

"Workers are now taking home the smallest percent of America's economic output since records began in 1947," per MorePerfectUnion