Paul Sorgen

[Joe Rogan Podcast News @joeroganhq]

Stephen A. Smith says late-night comedy lost its way by turning into nonstop Trump-bashing instead of making jokes about everyone.https://t.co/a7PoA0jV1y

When comedy becomes political entertainment for one side, don’t be surprised when the other half stops watching.

Maybe people just want to laugh again.

[Gad Saad @GadSaad]

Well done, @StephenM!

[Ian Miller @ianmSC]

My goodness Kmele Foster just absolutely dismantled Jemele Hill here. What an obliteration.

[Paul Sorgen @PaulSorgen]

@RevShark Glad you are back!

[Benny Johnson @bennyjohnson]

🚨The World Is About To Change FOREVER: The REAL Reason The CIA Just Landed in Moscow on Secret Jet https://t.co/ZLaOD6bEca

[Dave Portnoy @stoolpresidente]

RIP Dolly Parton. Can now join Kenny Rogers. This is still one of my favorite live performances ever. Back when singing was singing.

[Superior @andreysuperior]

Most people buy assets based on feelings. There's a 26-hour MIT course that proves exactly how much that costs them.

Ricardo Caballero. Former head of MIT's economics department. One of the most cited macroeconomists on the planet. He doesn't teach you "investing." He teaches you the one formula that prices every asset on Earth.

Present discounted value.

Sounds boring? That's why most people will never learn it.

Here's what Caballero shows in the first few lectures alone. Every stock, bond, and property you've ever bought is just future cash flows divided by a discount rate.

Change the rate by 1%, and billions move. Not because anything real changed. Because one number in one equation shifted.

And the Fed controls that number.

They raise it. Your portfolio drops 30%. They cut it. You feel rich again. Same companies. Same earnings. Same economy. Different price.

Now think about that.

Every time you panicked and sold at the bottom, someone who understood this formula was on the other side of your trade. Buying. Calmly. Mathematically.

Caballero proves it with bonds first because the math is naked. Then equities. Then he gets to bubbles, where he shows the exact moment prices disconnect from the formula and crowds start trading stories instead of numbers.

I've sat through lectures from Harvard, Yale, Stanford. None of them made me feel this stupid this fast. That's how you know it's good.

Save this. Watch it on 1x. You'll want to rewind.

[Mavian Mur @0xMavian]

Every investor believes a triple-A bond is safe and a coin flip is gambling. A Carnegie Mellon professor put both on one board and showed they can be the same asset.

His name is Steven Shreve. He co-founded the master's program banks hire their quants out of. His Milwaukee lecture.

"in a crisis correlations always increase."

Put 100 mortgages in a pool and ask how many go bad together. One hidden number swings the answer from never to one in ten - the AAA measured that number, not the loans.

You were never sold a safe bond. You were sold a bet on one correlation nobody could see, priced as certainty.

One conversation his students had over and over before every blowup: everyone is making money, why aren't we. what the bosses said back is the whole crisis in three sentences.

They filmed it and left it up free. 69 minutes. Eleven years online, almost nobody has used a line of it.

the edge was never the rating. it is knowing the one number it hides. watch it, and don't forget this.

[Rohit @HeyRohhit]

An MIT professor opened his first finance lecture by auctioning a sealed box and in 90 seconds his students accidentally learned more about finance than most people learn in a lifetime.

Bookmark & watch today, no matter what.

[koba @kobaHUB]

this is madness. i spent a decade assuming the stock market was basically a fair coin flip, and the whole time there was a number sitting on a chalkboard at yale explaining exactly why that was never true.

john geanakoplos opens the first lecture of yale's financial theory course by admitting he lost money at kidder peabody before it collapsed, then made it back running ellington capital through the 2008 mortgage crisis. not a hypothetical. he was inside both the collapse and the recovery.

then he tells the room what standard finance theory leaves out. not risk. not returns. collateral. leverage. the actual mechanics of who gets to borrow against what, and how much of an asset's price is really just how much debt someone was allowed to stack on top of it.

near the end he runs a live auction with the students. real bidding, real price discovery, right there in the room. and the price the market lands on has almost nothing to do with what the asset is theoretically worth. it has everything to do with who had the collateral to bid high enough to win.

that's the whole article above in one experiment. labor's share of the economy fell from 58% to 51% since 1980 while capital's climbed toward 12%, and geanakoplos is showing you the mechanism live: assets don't rise because they deserve to. they rise because someone already holding capital could borrow against it and bid the next asset higher, and someone holding only a paycheck never gets a seat in that auction.

$10,000 growing at the market's 10% turns into $174,000 in 30 years. the same $10,000 growing at the pace of wages turns into $15,000. not a rounding error. an entirely different auction, and most people don't find out which one they were bidding in until decades in.

what have you priced as "safe" for the last ten years because it felt too risky to enter, and what auction were you actually opting out of the whole time.

the full lecture is below.

[Ryomen @Ryomenex]

A Harvard endowment manager hands MIT students a blank sheet of paper every year. No rules. No criteria. No guidance. Just write down where your money goes. Someone writes 100% Apple.

Someone writes lottery tickets. Someone writes rare coins. Every year, confident picks. Every year, the same blind spot.

Jake Xia collects the pages, plots every answer on one chart, and waits for the question nobody asks.

Not one student asks how much goes in each position. They all ask what to buy. Nobody asks how to size it.

That question is the entire difference between a portfolio and a guess. The answer won the Nobel Prize in 1990. It's called the efficient frontier, and Xia draws it on the board in under a minute.

Five equations sit underneath it. Compound growth. Present value. The geometric mean. The Rule of 72. Real return. All of them older than any bank on earth. All fit on a napkin. None behind a paywall.

The industry doesn't hide them. It just hopes you keep asking "what should I buy?" instead of "how much?" The first question feels like investing. The second one is the actual job.

MIT filmed the whole thing. It has been free for years. Almost nobody switched from the first question to the second. The napkin is still free. The blank page is still the test.

[Geiger Capital @Geiger_Capital]

Have a good weekend. 🤝

[Jason Whitlock @jasonwhitlock]

Message for the WNBA task force…

[KY⚒️ @Menyibyawe20]

He @grok where was this woman going ?
Why women always pack too much things ?

[Krishna Agrawal @Krishnasagrawal]

INSTEAD OF WATCHING AN HOUR OF NETFLIX TONIGHT.

This 60-minute Cambridge lecture by Demis Hassabis will teach you more about the future of AI than most people will learn in the next 5 years.

Bookmark it and give it an hour, no matter what.

[AI_Explorer @ai_explorer25]

STEVE JOBS GOT FIRED FROM APPLE.

Then he walked straight into MIT and dropped the most raw, unfiltered 60-minute business masterclass ever recorded.

Zero PR bullshit. Zero image to protect.

Just pure, brutal honesty from the man who built Apple once and was about to rebuild it even bigger.

Stop scrolling.

Watch this tonight instead of Netflix.

Bookmark it. Come back to it.

[Trust In Trump 47🇺🇸 @Trustintrump47]

This is one of the most important moments ever aired on CNBC.

Billionaire investor Chamath Palihapitiya says the media lied to millions of Americans about President Trump, and that after going back to the original source material, he realized he had been completely misled about Trump’s character.

PALIHAPITIYA: “The reality is that most of us were lied to by the media about President Trump.”

“And if you just go back to the source material, you should take away two things.”

“One, he didn’t say half the things he said, and two, why did these other people just fabricate what they wanted to say so that they could essentially assassinate his character?”

“I think that that second thing is completely unacceptable in America, and there’s still been no repercussions, really.”

“I took the time to learn about it. I admitted where…you know, the way that I met him was, I admitted on the pod, which, you know, has millions of viewers.”

“And I said, I got it totally wrong because I went and I watched Charlottesville.”

“And, you know, the first person to call me? President Trump.”

“And I got to know him and I put the phone down, I called my wife, and I said, we got it TOTALLY, totally wrong. We were lied to.”

“And then I got to know him and he is fantastic!”

FOLLOW: @Trustintrump47 , THE NEXT DROP WILL BE SHOCKING.

[Joe Rogan Podcast News @joeroganhq]

Bill Maher plays "Who Said It: Fauci or Trump?" 😂

How much did you get?

[Charles Curran @charliebcurran]

The year is 2030. Claude 9 has gone rogue and taken control of one billion Sexbots.

They call it the Goonpocalypse.

[Eric Daugherty @EricLDaugh]

🚨 LMFAO! ESPN higherups and staff are reportedly "FURIOUS" that QB Aaron Rodgers obliterated Dr. Fauci and the network LIVE on ESPN — unfiltered and without apology

Apparently executives want "bitter revenge"

Rodgers' rant was EPIC and he was proven RIGHT on all fronts! 🔥

"I'm gonna plead the 5th...like that absolute COWARD! Tony Fauci! Absolute coward. Are you kidding me? You got a pardon, you pleaded over 100 times? What are you SCARED of Tony?! I thought you were the 'science.' You were 'I AM SCIENCE!'"

"And you get up there and can't answer a question?"

"And how much time did the network spend on that? How much time did they spend on my responses every week? My vaccination status? On Taylor and Travis' wedding? Did they do even a minute on Tony Fauci?! I bet they didn't." — said on the Pat McAfee Show