One of the dumber things you hear lately, from a lot of supposedly non-dumb people, is “stocks and bonds are now trading positively correlated so you now desperately need this other investment that’s way way more correlated with stocks than are bonds.”
Those investments are the typical. Privates (which are just equity, so it’s “you need more equity to diversify your equity”), buffer funds (which are just equity + cash minus some number), and crypto (which increasingly trades like equity, and is, you know, mostly nonsense, but even if you love it it’s currently bringing more equity exposure than bonds).
My colleagues latest explaining:
There was a line from Zohran Mamdani’s inaugural address yesterday that took my breath away. He said he intended to replace “the frigidity of rugged individualism with the warmth of collectivism.” Collectivism in its various forms is responsible for the deaths of at least one hundred million people in the last century. Socialist and Communist forms of government around the world today—Venezuela, Cuba, North Korea, etc.—are disastrous. Catholic social teaching has consistently condemned socialism and has embraced the market economy, which people like Mayor Mamdani caricature as “rugged individualism.” In fact, it is the economic system that is based upon the rights, freedom, and dignity of the human person. For God’s sake, spare me the “warmth of collectivism.”
@MEM_PoliceDept Awesome! Y’all be safe out there. And, if you can, hang out at the intersection of Poplar and Tillman. You will see A LOT of enforcement opportunities.
New Year, New Jersey 👏 Thanks to #RobinhoodApp, 5 lucky fans will win a brand-new Grizz Jersey to tip-off 2025 🎉
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@munzly Loved your “Hush Y’all” origin story! Just to clarify, Le Bonheur actually doesn’t deliver babies but they take AMAZING care of them. Hope they all get onesies!
Meet Cali - Memphis' soon-to-be First Dog!🐶Mayor-Elect Paul @youngformemphis promised his kids that the family would get a dog after the campaign. They came to MAS to find their perfect pooch, fostered-to-adopt Cali, & decided to make it official! Thank you, Young Family!
Roland the Farter, also known as Roland le Fartere or Roland le Petour, was a medieval entertainer who achieved an unusual degree of fame during his time. He lived during the reign of King Henry II of England in the 12th century and is remembered for his unique and somewhat bizarre talent.
Roland was a minstrel and jester by profession, employed by the court of King Henry II. He was renowned for his exceptional ability to produce impressive and resonant flatulence, which he cleverly incorporated into his performances to entertain the nobles and courtiers. Roland's artful control over his bodily function allowed him to produce different sounds, tones, and rhythms, turning his flatulence into a form of musical expression.
According to historical records, Roland's act involved a ritualized performance known as the "Leap, Split, and Turn." During this performance, he would execute a graceful leap into the air, while simultaneously executing a controlled split, and finally, he would spin around in a swift motion. At the climax of this acrobatic display, Roland would let out a sonorous and well-timed fart, eliciting laughter and amusement from the audience.
It is important to understand that the medieval court was a place of pageantry and entertainment, where jesters and minstrels were valued for their ability to provide light-hearted amusement. Roland's peculiar talent made him a beloved figure at King Henry II's court, and he was granted various privileges and rewards for his performances.
One famous historical account of Roland's exploits comes from Roger of Hoveden, a chronicler of the time. According to his writings, Roland attended a Christmas celebration at the court in 1052. As part of the festivities, he performed his renowned act in front of the assembled dignitaries and foreign envoys. The story goes that King Henry II was so pleased with Roland's performance that he offered him an unusual reward - a manor house in the village of Hemingstone in Suffolk, England. Along with the estate, Roland was granted a significant parcel of land and various other perks.
Roland's legacy has endured through the centuries, and his tale has been passed down through generations. Today, he is often cited as an example of a historical figure who achieved fame and favor through an unusual and unexpected talent.
It is essential to approach historical accounts with a critical eye, as some details of Roland the Farter's life may have been exaggerated or romanticized over time. Nevertheless, his story remains a curious and amusing piece of medieval history, providing us with a glimpse into the peculiarities of entertainment and social dynamics in the past.