Sam Brindle

[Sam Brindle @brindle_sam]

@PronouncedHare Seems pretty obvious to me that people think of their finances in the round. If you're wealthy you'll save KS or no, if you're poor you'll tend to offset with higher debt. Besides KS fundamentally doesn't solve longevity risk, only a pooled/insurance type system can do that.

[Sam Brindle @brindle_sam]

@RealJimChanos Magnetar ended up with a heap of $CRWV equity in their credit portfolios, basically made these portfolios un investable for credit investors so no surprise here

[Sam Brindle @brindle_sam]

@38capital @GoshawkTrades @grok Ask him how $MLHL has performed

[Sam Brindle @brindle_sam]

@MHReddell @Gregory35433534 Fair enough. I’d say, NZSF would probably be better/cheaper than most private sector providers. I’m unsure of the reality but their portfolio could well be say structurally long vol, and provide a counter cyclical hedge

[Sam Brindle @brindle_sam]

@MHReddell @Gregory35433534 Sure, in aggregate that’s true. But if the NZSF has a demonstrable ability to generate alpha why wouldn’t you take advantage of that.

[Sam Brindle @brindle_sam]

@MHReddell @Gregory35433534 Are you saying you don’t think the NZSF can generate a positive risk adjusted return (less financing) over some reasonable timeframe? If not what evidence would disprove this?

[Sam Brindle @brindle_sam]

@EricCrampton Chocolate biscuits are ok though 🤣

[Sam Brindle @brindle_sam]

@hkuppy Why would they do that? Last time I checked they had a $9bn credit facility. They could probably meet the 5% min redemption for a couple of years assuming no inflows.

[Sam Brindle @brindle_sam]

@LeylaKuni @Rchammond23 Don’t they also have lines of credit to call on to meet redemptions? What’s their maturity profile? I imagine that would cover redemptions if they hadn’t grown so quickly

[Sam Brindle @brindle_sam]

@PronouncedHare @grahamson64 You joke but imo there’s a lot of rorting by small businesses, company cars for personal use are a classic

[Sam Brindle @brindle_sam]

@PronouncedHare Or you could build a geothermal plant for a couple of $b…but oh no that might tank power prices

[Sam Brindle @brindle_sam]

@Mio_Mind Absolute nonsense, by this measure the more overvalued house prices are the wealthier the country

[Sam Brindle @brindle_sam]

@sciencegirl A land tax would fix this

[Sam Brindle @brindle_sam]

@matty_prasad Even if the market rate was identical it would be nice to have some mechanism to charge for the negative externality of visual pollution

[Sam Brindle @brindle_sam]

@JonCollett @empireofthekop How can you ping someone when both sides are at it?? Easier to exclude outfielders from the 6 yd box before the kick is taken

[Sam Brindle @brindle_sam]

@4evaTrump2028 @AlanWilkinsonNZ @dan_brunskill Landlords don’t add up their costs and add a margin. Rent is primarily a function of wages

[Sam Brindle @brindle_sam]

@AlanWilkinsonNZ @dan_brunskill Why would they do that?? Just ring fence it with a minimum rate of 0% and count yourself grateful it’s not charged annually like FIF (including on gains to recover previous losses)

[Sam Brindle @brindle_sam]

@Ma6eS_9 Goalmouth wrestling/blocking is beyond a joke. I’d like to see outfielders excluded from the 6 yd box prior to corners/free kicks.

[Sam Brindle @brindle_sam]

@DrCameronMurray Surly there’s a better comparison than NZ’s 2% stamp duty from 37 years ago?? There must be a million confounding factors during that period that make any comparison nigh on impossible