Universities have become overbought luxury goods that exploit exclusivity, exclusion and judgement to drive up revenues and endowment AUM.
They went from “places to learn” to “places to perform” with the promise of monetary rewards for complying and paying sky high tuition.
This pandemic will hopefully mark the end of the perversion of higher education.
Since the 1980s, kids and parents have been forced to play a series of stupid finite games - grades, extra curriculars, influence peddling, donations for infinite assets: skills and knowledge.
Help a single mother's family through https://t.co/5zOotLYwyx
1. A sponsor already started the funding
2. To join, text the amount you want to donate ($100 min) to 815-552-8075
3. We’ll text you back a GoFundMe page link where you can learn more and donate.
@1kprojectorg
Fast, lift, sprint, stretch, and meditate.
Build, sell, write, create, invest, and own.
Read, reflect, love, seek truth, and ignore society.
Make these habits. Say no to everything else.
Avoid debt, jail, addiction, disgrace, shortcuts, and media.
Relax. Victory is assured.
From a mentor (no attribution wanted):
"Today we saw that oil w/o the ability to store it changes that oil from an asset to a liability. Bonds will experience something similar one of these days. Rates at zero & repayment in debased money changes a bond from an asset to a liab."
@Post_Market Let’s make a bet. $1.
b/c of the Fed’s actions:
My side: Company’s won’t go bk now b/c of Fed. Will promise to keep employees but will fire them anyways. Will still go bk b/c revenues don’t reappear and credit still gets repriced in a few Qs after more bad news.
Your side?
MASKS
One comment about masks and nonlinearities that these imbeciles are not getting.
Reducing exposure to viruses by 30% thanks to an "imperfect" mask does not mean reducing risk of contracting the disease by just 30%. By convexity, it must be more than 30%, can even be 95%.