This morning we are introducing COGE — the Commission on Government Efficiency. This Commission will find ways for our city to work smarter, faster, and more effectively for working people. New Yorkers deserve a city government as careful with their money as they are.
Started selling stocks on Friday and am 100% cash as of today. May be early, may be just right, may be dead wrong. We shall see. Will deploy capital into options spreads (will lean slightly delta negative beta weighted to SPY) and short term bonds.
99% of people really do not understand abundance as Elon describes it.
The fundamental reason is that they don’t understand compound growth.
Same people who would probably pick 1 million dollars today over a penny that doubles in value every day for 30 days.
It’s a bad choice by the way. You lose out on millions.
Imagine if that doubling object was a labor producing robot instead of a penny.
Compounding labor. It’s actually crazy if you try and wrap your mind around it.
So Elon mentions Universl High Income and the midwits flip a lid.
“The elites won’t share”
You don’t get it. They won’t need to share. They will make everything so cheap, it is effectively free.
Charities will have immense resources to distribute.
Unfathomable intelligence will exist to help optimize production and distribution.
An unfathomably large labor pool will exist that operates on solar power exclusively.
The public work projects that are erected will be unseen before levels of breathtaking.
I think we are incredibly blessed to steward this new age of abundance.
Can you see it now?
Can you see the future?
🚨NEW: A Bangladeshi migrant has successfully won his asylum case after the court found that, if deported to his country of origin, he would likely face up to 20 years’ imprisonment on bomb-related charges