Most accounts don't blow up on a single bad trade.
They blow up on the trade after that one – the one taken in anger to "win it back."
Revenge is the most expensive emotion in trading.
Grok is better than Gemini even in Hebrew.
I asked exactly the same question about the Hubble Space Telescope, which was launched into space 36 years ago today.
Grok gave me a great summary with images, understood that I was speaking Hebrew, and responded perfectly.
Gemini thought I was speaking in some unidentified language, gave a short and boring answer with no images, and no timeline or playback controls like Grok has.
@KatieMiller They’re having some event in my city this weekend “amplifying voices that need to be heard”
Hmmm everyone should be heard not just the voices you want to hear. Sick of these fake organizations trying to spread division!!
The Japanese railway privatization of 1987 stands as one of the most devastating defeats ever dealt to statist transportation mythology. The government split the bloated Japan National Railways into seven regional companies, sold them off, and watched private ownership transform a bankruptcy-bound disaster into the world's most efficient rail system.
JNR hemorrhaged money for decades before privatization. By 1987, the state railway carried debt equivalent to $200 billion in today's money while delivering mediocre service plagued by strikes and inefficiency. Politicians treated it as a jobs program rather than a transportation service. The predictable result: chronic losses, deteriorating infrastructure, and customer service that reflected government monopoly arrogance.
Private ownership changed everything overnight. The new JR companies slashed operating costs by 40% within five years while dramatically improving service quality. JR East alone now generates annual profits exceeding $3 billion. These companies invest billions in cutting-edge technology, maintain punctuality rates above 99%, and operate the world's most advanced high-speed rail networks. They achieved this without a single yen of operational subsidies.
The transformation reveals a core dynamic of transportation infrastructure: private companies must satisfy customers to survive, while government monopolies need only satisfy politicians. JR companies diversified into real estate, retail, and hospitality around their stations, creating integrated profit centers that cross-subsidize rail operations. Government railways never innovate this way because bureaucrats face no market pressure to generate returns.
Meanwhile, Amtrak burns through $2 billion in annual subsidies while delivering third-world service across most routes, and European state railways require massive taxpayer bailouts every few years to stay solvent.
@FirstLadyOffice WINDSOR CASTLE -
A Super Sized Photo of Trump and his Close Friend Epstein,
that was displayed on one side of Windsor Castle when Trump visited the King in England.
President Trump is doing what no other President would for the last 47 years - taking decisive action to ensure Iran never obtains a nuclear weapon. @PressSec
The #FBI honors Special Agent Douglas M. Price, who was fatally shot on this day in 1968 during a Bureau operation to apprehend a fugitive who was wanted for murder and car theft. https://t.co/8yiLSH9w5S