Here's an incredible stat: you could pay to lift all seniors out of poverty with only 3% of the budget for Social Security.
This program is going to destroy the prospects of future generations because we're shoveling endless amounts of money to old people who don't need it.
I guess I'm just dim but I really don't understand who is buying SpaceX at $160 per share. This is a company that is losing billions of dollars a quarter and the profits are supposed to come when we colonize Mars and launch data centers in space?
As everyone watches the SpaceX IPO today, its worth remembering this advice from Buffett
"The idea that a newly issued security (IPO)—brought to market at a time of the seller's choosing and surrounded by massive hype—is the single best bargain among thousands of global businesses is absolute nonsense.
When an offering carries a ridiculous 7% commission just to incentivize salespeople, it simply cannot be the most attractive investment available.
While people easily get caught up in the excitement of a new launch, look at the reality: you have thousands of existing public companies whose prices are set by a natural auction market, free from aggressive promotion or hidden fees.
It makes no sense to buy a security precisely when an insider decides the timing is perfect to sell. Frankly, it isn't worth spending five seconds thinking about IPOs."
- Warren Buffett
i hooked my whoop to my work calendar to find which coworker gives me the most stress 🚨
thanks to fable, I reverse engineered whoop to pull per minute heart rate. nd matched spikes with cal events and attendees
I now have a leaderboard and I think about it daily.
few info masked for obvious reasons ;)
SEC Rule S7-2026-15 would let public companies hide bad numbers for six months at a time. Insiders dump their shares before disclosure, retail buys the bag. Comment is open until early July.
I can’t be the only one who sees absolutely no problem with this. It was an indie film, after all.
It launched her career, and her next movie will probably make her millions.