The Canada Pension Plan (CPP) has over 2,000 employees.
Top 5 managers, make more than $5 million per year.
They have never beaten the market.
Nevada has 1 guy. Who invests in ETFs.
Does nothing. All day.
And he outperforms the CPP.
Consistently.
For further context, if CPP invested in QQQ, for the last 10 years, instead of $800 billion in assets, we would have $2.4 Trillion.
VOO would put it at $1.6 trillion.
Lesson: The government will never outperform the market.
So don’t think the Sovereign Debt Fund will be any different.
Iwo Jima veterans Billy Byrd (100) and Don Graves (101) flew to Washington, D.C., where they will serve as Honorary Grand Marshals for the National Memorial Day Parade. 🇺🇸
The first thing they did when they saw each other? Started talking trash.
Some things never change. 🤣
Japan just had the fewest babies born in any year on record. Not since the war. Not since the 1918 flu. Since records began in 1899.
705,809 births, the tenth annual record low in a row, and they're now down 30% in a decade. More than two deaths for every birth. The population shrank by almost 900,000 people in twelve months.
This is what a demographic spiral looks like in real time. Fewer young people now means fewer parents in twenty years, which means fewer births in thirty. Recovery requires reversing a trend that has been running for half a century.
“The foundation of my faith is to rejoice in tribulation, because it produces patience & perseverance…Even if I would’ve given up 10 [runs] today, I would’ve said thank you Lord for the opportunity.”
- Team Italy P Michael Lorenzen
#WorldBaseballClassic
🔥🚨BREAKING: HHS Secretary RFK Jr. announces a proposal to make hospital and healthcare costs transparent to patients BEFORE treatment.
"When you go to a restaurant, you know the prices, they're right there on the menu—why is it that when it comes to medical procedures you ONLY know the cost afterwards?"
"President Trump and I are doing everything we can to pull back the curtain on prices for hospital stays, physician visits, and prescription drugs."
"We’re delivering on those promises, working to make your health care more transparent, more accessible, and more convenient, with no surprises."
BREAKING:
The UAE announces it will cuts funds for citizens who want to study in the UK out of fear of Emirati students being radicalized by Muslim Brotherhood Islamists on British campuses.
An Arab state now views a European state as a dangerous Islamist radicalization hotspot
🚨 WOW. Brown University student Alex Shieh previously EVISCERATED the school's administrators for having a $46 million deficit, despite surging costs for students.
They pay $90K+ PER YEAR.
Alex Shieh: "What about the kids who weren't born on third base?! [...] Brown is on track to run a $46 million DEFICIT this year. WHERE is all the money going?"
"I'll tell you where it's going. It's going into an empire of administrative bloat and bureaucracy! Brown employs 3,805 full time non-instructional staff for just 7,229 undergrads. That's one administrator for every two students."
"This isn't education. This is bloat paid for on the backs of students and families who are mortgaging their futures for a shot at a better life!"
HE'S SPOT-ON.
This is such a good point. If you actually watch Charlie’s events—as opposed to the fake summaries—they are one of the few places with open and honest dialogue between left and right. He would answer any question and talk to everyone.