Billionaire Nick Hanauer says the economy is rigged against small businesses
"We want communities that have lots of small businesses, even if they have no intention to scale and exit. Not every business should have to become the next Walmart. Sometimes people just want to run a grocery store and serve their community"
"The United States used to have laws that pointed the economy toward small businesses. There were laws that expressly prohibited excessive consolidation, and if regulators thought a company was becoming too dominant, they would just say no"
"If I was in charge, I would make it easier to start a business, easier to get capital, and less burdensome for small businesses to deal with regulation. We need an economy that helps entrepreneurs and local businesses compete against corporate giants"
Dana White says fighting is in every human's DNA, and that's why the UFC keeps getting more popular
"I have this philosophy that no matter what color you are, what country you come from, or what language you speak, we're all human beings, and fighting is in our DNA."
"Even a sophisticated guy like you, who writes for The New Yorker, if a fight broke out in here right now, it would create this sort of energy in here, and you'd be like, 'Oh wow.' And we would watch the fight play out."
Threadguy explains why SpaceX might be programmed to go up whether you like it or not
"There's no float. All the richest people in the world are desperate to see this thing go up."
"Almost everyone who applied for IPO shares did not get their allocation filled. I think SpaceX is in a very interesting spot to go absurdly high."
"At the very least, it is the most electric time in the history of the world to be in markets and be a trader."
Threadguy says Hyperliquid was the only venue that survived the SpaceX IPO
"The moment the IPO went live, Robinhood was down, Coinbase was down, Bybit refunded everybody, Binance refunded everybody, and Hyperliquid was the only venue that had absolutely no problems"
"It's become our golden child story, Hyperliquid"
Threadguy says StubHub and AMC ripping shows how near sighted the market is
"If StubHub really rips through the World Cup in the next 45 days, it speaks to how near sighted all of these assets trade"
"How were space stocks up 15% across the board yesterday and then got destroyed today? It makes no sense"
Ty Lue reveals he was offered $2.2 million to become the Cavaliers' assistant coach
"I was making about $375,000 with the Clippers, and they offered me $1 million a year to be the associate head coach. I still said no. I was gonna stay with Doc. I was gonna be loyal to Doc"
"They came back and said they'd give me $1.2 million, $1.4 million, whatever. I still told them no. I ain't doing it. I'mma stay with Doc. Then I called Jerry West, who's my mentor. He told me, 'If you don't take this job, they'll never give you another job ever again. They think you can't leave Doc's umbrella'"
"So my agent called back and asked, 'What do you want?' I said, 'Just tell them $2.2 million. He called me back and said, 'They said yes"
Pio explains why investors buy MSTR instead of spot Bitcoin
"They wanna outperform Bitcoin because they're buying essentially refined Bitcoin, like amplified Bitcoin that's more volatile both ways, volatile to the downside and volatile to the upside"
"Because they want a very interesting financial instrument that they can do things like trading options with. It's just more interesting than doing spot Bitcoin or buying the Bitcoin ETF. If you look at options premium on IBIT versus MSTR, in my opinion that says it all. MSTR is worth trading options on. IBIT is not"
Pio says MicroStrategy is going to be the Berkshire Hathaway of the digital finance world
"MSTR is gonna be like a Berkshire Hathaway-type company, but even bigger. It's gonna just be the new version of TradFi, like in the sense that it'll be the biggest player in that digital money and digital finance world."
Pio says It's IMPOSSIBLE for Michael Saylor to get Liquidated
"All you need to know is that it's impossible for Michael Saylor to get margin called. That's the only thing that you need to know"
"The thing that all these people never, ever bring up is that they own 800,000+ bitcoins outright. So unless you think that Bitcoin's gonna go to like $6,000 and stay there for five years, then you have nothing to say about their situation"
Author of Market Wizards Jack Schwager says the best traders are those who can quickly identify and adapt to new market regimes.
โMany approaches will only work in certain market environments. There's one trader who's kind of phenomenal in 2021, but continues to use the same approach in 2022, and it's disastrous because the market has changed. So a lot of it has to do with changes in the market environmentโ
โWhat I'm always trying to find are people who are sort of modern survivors, who will do well, still be around, and continue to grow their equity through different market environmentsโ