T.K. Small

Atty. since 94, practicing Government Affairs, Healthcare Policy & Disability Law. 2022 NRI Burke to Buckley Fellow #PracticalConservatism & #AccessibleFreedom

[T.K. Small @TK_Small]

@patrick_oshag @dkhos Great conversation! As more vehicles gradually become autonomous, how will the industry handle the needs of customers in wheelchairs?

[T.K. Small @TK_Small]

@arthurbrooks This really resonates with me! Your work has been very helpful in my personal growth throughout the years. Thank you!

[T.K. Small @TK_Small]

The Chip Rally Has Gone Parabolic. It’s Time to Separate the Pillars From the Pretenders. https://t.co/ZawSGxIyaA via @BarronsOnline

If you are interested in business, technology, and markets, this is a good read!

[Chamath Palihapitiya @chamath]

This is awesome. I’ve worked with Sue for more than a decade now. She started Brilliant - a learning site for advanced learning - which has now taken all of that decade-long training data and created a helper to make your kids smarter.

It doesn’t matter their level, this adapts to them and brings them along.

Please consider trying it.

[T.K. Small @TK_Small]

For later…

[Rene Sellmann @ReneSellmann]

Want to know what it takes to make it on Wall Street?

This Goldman Sachs "Recommended Reading" list, given to incoming analysts, covers everything from market psychology to complex derivatives.

Bookmark this tweet so you don't lose the ultimate finance syllabus.

1/2

[Rohit @ai_rohitt]

A man spends 50 years teaching at MIT.

He knows his time is running out.

So he records one last lecture — everything he knows, distilled into a single hour.

He died 5 months later.

This is that lecture.

The most important hour you'll watch this week. 👇
Bookmark it for later

[T.K. Small @TK_Small]

@DavidBahnsen @mcuban @PalmerLuckey
You guys are all smart, but what always gets left out of these healthcare discussions is a real-world appreciation of the issue. As someone who has a complex neuromuscular disability, I have been on Medicaid my entire adult life (40+ years). Between customized motorized wheelchairs, round-the-clock care, and medicine, the government has spent millions. If I had more control over how the dollars get spent, I am confident I could negotiate better prices and better outcomes for myself. My ideal healthcare system would be a block grant to the individual, instead of to the state.

[David L. Bahnsen @DavidBahnsen]

Mark - everything you’re saying is presupposing the government collaboration of the vertical integration and market penetration of the big players. Saying it wouldn’t work w/ govt out based on how it has worked w/ govt in is arguing against something that doesn’t exist.
The reason @PalmerLuckey is right is because we know this works in EVERYTHING ever concocted in history - the underlying first principles of competition and incentives - when divorced from regulatory capture that can only exist bc of govt involvement!!

[T.K. Small @TK_Small]

@_khkmagduru_ 68

[Wilfred Frost @WilfredFrost]

WARNING: “We haven’t had problem in 15 years or more…at some point there will be forced reckoning.”
A few weeks ago Fmr @GoldmanSachs Chairman & CEO @LloydBlankfein – a true titan of finance – joined The Master Investor Podcast and shared lessons from his life, including the American Dream, actionable career advice, what makes a great trader & lessons from the 2008 financial crisis with some worrying warnings for today.
LESSONS FROM 2008: “If I was still managing the risk of a big institution today I'd be very, very concerned about something that could trigger [a blaze] and I think this is a good time to look for the spark. Could the spark be private equity? Could it be private credit? Could it be the price of oil suddenly doubling? It could be any of those things & the world might absorb that at any other time except we haven't had a problem in 15 years or more. At some point there'll be a forced reckoning.”
ART OF GREAT TRADE: “Traders are a lot like good poker players. Over your life, statistically you're going to get the same amount of good hands & bad hands that anybody else will get but somehow the good poker player always wins and the poor poker player always loses. Why is that? One will play the cards better…get out of a bad position quicker and let his opportunity run in a good position. The future is very hard to identify, but I noticed the people who are very good traders are the people who react the quickest to changes.”
CAREER ADVICE: “In order to do a good job, you need the enthusiastic support of the people who are your subordinates. I didn't always make myself so friendly to the people around me. If I'd known I was going to grow so senior in the firm, I would've been a lot nicer to people on the way up because then I would've had to spend much less of my time apologising to them. Once I got to those positions, I needed their support as I moved up the letterhead.”

Timestamps:
0:00 Intro
2:49 The advantage of low expectations
5:10 Feeling insignificant
6:52 The American Dream
8:15 J. Aron vs Goldman Sachs
11:16 The art of being a great trader
13:21 Traders vs Investment Bankers
16:25 Memories of 2008 Financial Crisis
20:28 “You can’t recover from being dead”
22:26 Déjà vu today from 2008?
26:13 A reckoning is coming
28:28 US government debt risks
30:00 US economy has strong culture
34:10 London as a financial centre
36:22 I started life as a gold trader but it didn’t make me a gold bug
37:52 I am mostly in equities
39:10 You need support of subordinates not grudging cooperation
42:45 Suck it up and stick it out
45:27 Don’t get deluded by your own self importance
47:53 Worrier not a warrior
51:55 Optimism is generally justified

[T.K. Small @TK_Small]

@hicasamadim 35. The order of operations is the key.

[T.K. Small @TK_Small]

@TheLCAShow @RobertGavinBN @_rebeccaclewis @SamuelKingNews @jack_arpey So bad, it's good…!

[Federalist Society @FedSoc]

Mr. Yuval Levin, Senior Fellow @AEI, reflects on the role of Congress:

"If we're going to have a politics in which deliberation plays a central role, we have to have a politics in which Congress plays a central role. That part can only be played by a plural institution that is both representative and deliberative, and that is what Congress is designed to be."
…
"We are living in a political moment where the deepest differences do not get worked out, and we've persuaded ourselves that this is because we're polarized, or it's because we're divided, or it's social media. We're not more polarized than the America of the late eighteenth century. We're not more divided than the America of the mid-nineteenth century. These technologies have not changed human nature or the character of politics. The core institution of our system now does not want the role it is assigned, and that is what has to change."

[Rand Paul @RandPaul]

Guess who delivered a commencement speech on AI and optimism at Grove City College and was met with cheers instead of jeers?

[T.K. Small @TK_Small]

@hicasamadim The answer is 3. All the other options either have blockages or openings.

[T.K. Small @TK_Small]

“Woke” Isn’t Dead, or Even Resting by @continetti https://t.co/0Ge80m86Pi via @WSJopinion

[Dante @DanteTheDon]

Was not ready for Eric Church to deliver the best commencement speech I’ve ever heard.

Six guitar strings. Six pillars of a life.

Faith. Family. Spouse. Ambition. Community. You.

Tune them when you’re whole, not just when you’re broken.

Watch the whole thing.

[Dhaval (Investment Books) @InvestmentBook1]

Bill Ackman went on a fishing trip in the Tierra del Fuego, Argentina.

His guide was so impressive that Ackman offered him a job at Pershing Square — one of the world's most powerful hedge funds.

The only condition: read 12 books before your first day.

Here are those 12 books. And why Ackman swears by them. 🧵

[T.K. Small @TK_Small]

@kathrynlopez Thank you for bringing this to my attention! The person in the photo was on a radio show that I used to co-host years ago.

[Love Music @khnh80044]

This is the greatest Dixieland band I have ever heard....👏👏❤️

[T.K. Small @TK_Small]

If Republicans in Congress want to reduce healthcare costs, they’ll use their next budget reconciliation bill to curb this 340B abuse. https://t.co/B6M7JDbYbS via @WSJopinion