The Canada Pension Plan (CPP) has over 2,000 employees.
Top 5 managers, make more than $5 million per year.
They have never beaten the market.
Nevada has 1 guy. Who invests in ETFs.
Does nothing. All day.
And he outperforms the CPP.
Consistently.
For further context, if CPP invested in QQQ, for the last 10 years, instead of $800 billion in assets, we would have $2.4 Trillion.
VOO would put it at $1.6 trillion.
Lesson: The government will never outperform the market.
So don’t think the Sovereign Debt Fund will be any different.
Colombia just held their election.
They require voter ID and use paper ballots. They hand-count the votes of each station one by one. No machines or mail-in ballots due to security concerns.
~24 million votes.
It was all done in a couple hours.
Federal prosecutors just charged an NIH virologist with smuggling biological materials into the United States.
His name is Vincent Munster. He's not a minor scientist. He runs the Virus Ecology Section at one of the government's premier BSL-4 labs.
This is bigger than a customs charge. Thread 🧵
My favorite interview genre right now is watching Democrats attempt to run on superior morals and higher standards of conduct, then get asked about Platner.
The immediate switch to dodge and deflection mode is hysterical.
Behold CO Gov candidate Michael Bennet:
I found out an acquaintance of mine was planning to do a not insignificant layoff of American workers at his company, so I asked him why he was doing it. Asked him if he had thought about the American families he's going to devastate when he delivers the news. And all for such a small amount of money in the grand scheme of things.
He looked like I hit him with a sledgehammer. Clearly had not thought about it once. The board told him there would be a significant structural contraction in the VC market and he would need to get creative on the budget side of things. The indian VC recommended he outsource to india and lay off a decent chunk of his American coder base. He would get the CEO in touch with a firm he trusts. The CEO was going to follow that suggestion.
In order to understand the sheer level of cruelty of some of these CEOs you have to understand that they literally operate inside of a cult like environment. For every independent thinking Founder like Elon there is 100 NPC retards who are the worst people you will ever meet. The entire industry has been transformed into a weird third world scam culture in a lot of ways.
And when you're a first time CEO and a VC makes a suggestion like that, most of these people will follow it without thinking twice. You might as well be talking to a robot.
Luckily I had a good relationship with this guy and outlined the actual risk of outsourcing your team to india and he changed course.
But it got me thinking why would an indian VC meddle like this, it's not really common for VCs to get involved in hiring and firing decisions for lower level employees and the amount of money saved wasn't significant enough for a VC to care.
What I later found out was that there is significant overseas pressure from the indian government for these big indian names in Silicon Valley to push business away from America and into india. It's a racket. A racket designed to scam Americans out of jobs so that indian politicians can brag to their voters that they are putting indians first. If millions of American families suffer it's fine. No one has ever mentioned it from our government. Not Trump, not Biden, not Obama, not Bush. No one.
How do I know the media is brainwashing people?
Obama's ICE Chief received the Presidential Award for Distinguished Service for removing over 900,000 illegal aliens.
Trump's ICE Chief is called a Nazi.
It is the same person.....Tom Homan....
The only difference? The narrative.
I recently interviewed for an Associate DBA position.
The recruiter told me the hiring team was “very interested” in my background, but the role had to be filled offshore before it could be opened to a U.S.-based candidate.
As a recent STEM graduate, it’s depressing.
I haven’t moved on from the Karmelo Anthony fundraiser. They donated half a million as a reward for killing a white kid. Zero evidence or reason to think it was “self defense,” and they didn’t care. It was a reward for killing a white kid. I’ll never forget it. Neither should you
This is insane. You can’t serve if you have a nut allergy, but taking large amounts of mood altering exogenous cross-sex hormones around heavy weaponry is OK?
Warren Buffett: "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old."
"John D. Rockefeller was the richest man in the world and, today, you can get better medicine, better education, better entertainment, better transportation. You can do everything better than he could."
"When I was born, the dentist didn't use novocaine!"
@GovPritzker@capitolfax OMG. It's still in there. The State of Illinois budget includes a $500K grant to Lincoln College, a private institution that permanently closed in 2022. Page 2262.
A four-year college now costs $100,000.
In 1980 it cost $8,000 in today's money. Nothing else inflated like that.
How?
Washington guaranteed every loan. Universities charged what they wanted. Bankruptcy law was rewritten so you can't escape.
By design.
The only thing that stops violent men from raping you and your society are other men who are equally willing to be violent in stopping the rapists. The West has decided that the highest virtue is to quietly comply with the destruction of your civilization because to do otherwise is bigoted toward the rapists. It really is that simple.
NVIDIA, the chip maker that is powering most of the AI world currently, went hog wild in today's Sunday print edition of the Mercury News in the Bay Area with 42 different PERM market tests for tech jobs. They do this to get green cards for the "temporary" foreign workers.
Don't let them succeed. Apply by emailing your resume to [email protected], clearly stating the job title and code (e.g., “ASIC Engineer (ASICDE640)”) in the subject line or body.
Thread has all all the jobs pulled out, with their respective salaries.
🇺🇸🇮🇳 HCL America’s Indian CEO C. Vijayakumar fired 585 Americans.
HCL continues to actively sponsor H-1B visas.
The company filed 253 new H-1B petitions.
Source: https://t.co/5otD0OSWeP