Jeff Stromer

Love to hang out with fun people.

[Jeff Stromer @JeffStromer]

@patrick_oshag Suicidal Empathy.

[Adam Khoo @adamkhootrader]

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

[Michael A. Arouet @MichaelAArouet]

Socialism is popular because it appeals to compassion.

It always fails badly in reality because compassion alone isn’t an economic system.

A society needs more than good intentions. It needs mechanisms that encourage people to invest, build, invent, compete and create.

Got it?

[Gad Saad @GadSaad]

It’s called Suicidal Empathy.

[Meb Faber @MebFaber]

I know this is an unpopular take, but everything is getting better.

[Jeff Stromer @JeffStromer]

@awealthofcs I have a hard time understanding why a bank ever thought it was a good idea to give me 2.75 mortgage but i took it. 😁

[Ben Carlson @awealthofcs]

I still don't think ppl realize what an amazing deal locking in a 3% mortgage in 2020 has been for homeowners

Inflation has averaged 3.9% this decade

It's now back above 4%

You're basically borrowing for free

This was the deal of a lifetime

[Bob Elliott @BobEUnlimited]

You'd think what is being pitched as the most productivity enhancing technology in human history would actually show some signs of improving productivity at the macro level on a global scale.

Nope. Not a bit. That line is going down.

[Tommy Robinson 🇬🇧 @TRobinsonNewEra]

Another day and another gang of invaders on trial for gang raping a British child.

4 Afghans, Mehrab Safi, 21, Awal Ahmadzai and Salman Habibkheil, both 19, and a 16yr old allegedly attacked the girl in Bristol.

“She didn’t want to, not yet, but it happened anyway.”

The court was told after she was allegedly raped by Safi, the other three defendants “took it in turns to get her alone in a bedroom or in a bed and to have sex with her against her wishes”.

This is every single day, yet the only outrage shown by politicians is when the native gets angry.

Are you seeing this world?

[Charlie Bilello @charliebilello]

May: The Federal Government took in $336 billion and spent $628 billion. Don't try this at home.

[Elon Musk @elonmusk]

Absolutely

[Elon Musk @elonmusk]

What Sowell said is exactly right and needs to stop.

[Charlie Bilello @charliebilello]

Consumer Prices in the US rose 4.5% per year over the last 5 years and over 24% in total.

2% inflation is a myth.

They won't do it, but the Fed should be hiking rates at the FOMC meeting next week.

[Elon Musk @elonmusk]

Exactly

[Michael A. Arouet @MichaelAArouet]

This explains quite well why socialism has always led to poverty while free markets and capitalism have improved our standard of living.

You cannot multiply wealth by dividing it

Can someone please explain why so many people still follow socialism despite its repeated failures?

[End Wokeness @EndWokeness]

Karmelo Anthony supporter: "What do I tell my 5 boys? What do we do now!?"

Uh… don't murder?

[Gad Saad @GadSaad]

Great event! Thanks for inviting me, @TheAtlasSociety.

[End Wokeness @EndWokeness]

African migrant just tried to behead a white man in North Belfast, Ireland. Video is too graphic to post.

[Gad Saad @GadSaad]

Thoughts?