Disclosure Day is one of the worst movies I have ever seen. Spielberg has set sci fi as a genre back decades with this cornball cliche POS film. The only explanation for how/why this got made is money laundering.
The whole 82-0 phenomenon reinforces that whole bit about how the only thing a bunch of dudes need in order to have a good time is to sit around announcing the names of a bunch of old athletes.
For most regular investors, I think the reality is pretty straightforward. By the time a company is worth $1.77 trillion, the people who made the truly life-changing money were usually the ones who got in years earlier.
The employees who received stock. The early investors who took the risk. The venture capital firms that backed it before anyone knew what it would become.
By the time everyone else is talking about it, a lot of the biggest gains have already been made.
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
Christopher Nolan is considered a great director today because cinema is terrible now.
Back when he first came out 20-25 years ago he was just another ok director. No one thought he was one of the best. He was just decent, among other decent and some much better directors.
There are two ways to rise in the world. Do good work. Or wait until things collapse and they will call you great.