“While an equality of rights is possible and an essential condition of individual freedom, a claim for equality of material position can be met only by a government with totalitarian powers.”
— Friedrich Hayek
BLOOMBERG KILLERS - PART II
Last week, I shared a list of 55 BBG killers that are either free or offer extensive free functionalities. But not all of us are poor as hell and on the brink of bankruptcy. If your budget allows, you can build a far more efficient BBG alternative, or even complement your Bloomberg subscription with additional services.
Not sure how many more "Bloomberg Killers" lists I'll put together, but I’ve got at least one more largely completed and two more in progress. The key takeaway is that the possibilities are endless. For this part, I’m keeping it to 30 must-know tools to avoid overlaps.
PART I: https://t.co/9qs7PdBkSh
BLOOMBERG KILLERS
In the past, you had no choice. Open your BBG terminal, grab your HP 12C, and hunt. Now, Bloomberg has real competition at the high end w/ LSEG, Cap IQ, and FactSet. And forget the HP 12C. Excel is all you need.
But what if the cost is still too high?
Good news. Plenty of free alternatives now replicate much of what BBG offers if you are willing to put in a little extra effort. Attaching 55 websites that are either free or offer extensive free functionalities.
P.S. FinTwit has done its part. @joinyellowbrick stands out as an essential buy-side tool w/ a particularly accessible premium plan. @StockJabber and @atelicinvest recently launched @FOIAsearch and NOTSedar, respectively. TL;DR. Pay attention to your feed.
I hate to rain on this parade, but the Department of Government Efficiency (DOGE) is not a real department. It exists outside of government and has no authority to do anything. Like any one of a number of independent think tanks that already exist, it's free to make any recommendations it wants, and the government is free to ignore them all. Even if the Trump administration actually proposes some of the DOGE recommendations, they mean nothing unless Congress votes to pass them, which it won’t.
Since no Democrats will vote in favor of eliminating any government department or agency—except perhaps the Space Force—the House will need over 98% of Republican votes. This is nearly impossible to achieve with so many RINOs still in the House and so many representing swing districts. In the Senate, even if all Republicans vote in favor of the cuts, they still don’t have 60 votes.
Also, regarding firing government workers, the civil service unions make that nearly impossible. The best Trump can do is allow the workforce to shrink naturally through attrition. That will help, but the savings over the course of his term will be minimal.
Of course, the nearly impossible task will become completely impossible after the Republicans lose the House in the midterms. That is normal for the party in power. In two years, Trump and the Republicans will own the economy. With stagflation firmly entrenched by then, disappointed voters will again vote for change. But as usual, there will be no real change until an actual dollar and sovereign debt crisis finally forces our leaders to act. @elonmusk@VivekGRamaswamy@realDonaldTrump
Scandal Rocks Biden's Labor Dept For Lying About Sharing Non-Public Inflation Data With Secret Group Of Wall Street "Super Users" https://t.co/qQYErnlydi
It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who got us off the ground, not the Federal Aviation Administration. It was Henry Ford who ended the isolation of millions of Americans by making the automobile affordable, not Ralph Nader.
Those who have helped the poor the most have not been those who have gone around loudly expressing "compassion" for the poor, but those who found ways to make industry more productive and distribution more efficient, so that the poor of today can afford things that the affluent of yesterday could only dream about.
@adamailme Warren, let's make this New Year a real 'Buffett-style' party - full of wild stock market rides, unlimited laughs, and a bit of financial magic! 📈
You must avoid at all cost the idea that you can manage learning several skills at a time. You need to develop your powers of concentration, and understand that trying to multitask will be the death of the process.
OPEN BORDERS🧵: France opened its borders to culturally diverse immigrants who have largely failed to assimilate. Frustrated they are going to war against French society.
"from that time the vigour of the Roman Empire began to decline, and all that valour which had raised it passed away to others"
Niccolò Machiavelli - The Prince
A🧵on Machiavelli's assessment of the Fall of the Roman Empire.
1/10