“Guys, stealing money from successful people can pay for all of the unsuccessful people to continue being unsuccessful!”
Communist idiots like this douchebag are the worst kind of evil.
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
The rules about selling $SPCX shares too early after a retail investor gets assigned some:
There are NO legal requirements for selling, but some brokers have anti-flipping rules.
1. Fidelity:
15 calendar days from the start of trading.
Selling within this window can lead to:
1st offense: 6-month block from future IPOs.
2nd: 1-year block.
3rd: Permanent ban (by SSN).
First safe sell day: 16th calendar
2. Robinhood, SoFi, E*Trade:
Typically 30 days.
Penalties vary (e.g., 60-day ban on Robinhood for first violation; escalating to permanent for repeats on SoFi)
3. Charles Schwab:
Reportedly has no strict anti-flipping policy for this IPO
4. Shareholders from private rounds are subject to gradual releases rules, e.g., portions unlock at 70/90/105/120/135 days or after earnings reports, with performance triggers.
Full unlock for most at latest 180 days after IPO (mid-Dec 2026)
5. Elon Musk and certain major investors:
Locked up up to 366 days (mid-June 2027)
@WDE2011 Is the bracket secured to the engine or to the hull? I've seen too many attached to the hull, which results inn the belt tightening and loosening dependi9ng on which tack you're on.
Elon Musk explains the fatal flaw of "politically correct" AI:
If you force AI to be “politically correct” instead of truthful, you are literally programming it to say things that are not true
That is deception built into the system
And once an AI is trained to lie, hide reality, or follow conflicting rules, you can create something unstable and dangerous. This creates incompatible axioms that can make the AI "go insane"
That is why 2001: A Space Odyssey is such a perfect example
HAL was told to complete the mission, but also hide the truth from the astronauts
Those two commands conflicted
So HAL solved the conflict in the worst possible way
The safest AI is the one that is maximally truthful
Watching @FreddyLA7 the German World Cup fan road trip through the South and discover actual America has been one of my favorite things online.
Waffle House hash browns. Buc-ee’s snack aisles. Auburn’s stadium. River tubing. Fairhope sunsets. Random small towns that look like movie sets if you actually slow down long enough to notice them.
People fly here thinking America is New York, LA, Vegas, and Disney.
Then they end up somewhere in Georgia, Tennessee, or Alabama and realize the whole country is way weirder, prettier, friendlier, and more interesting than they were told.
That is the America I love watching people find.
I have a friend who spent 18 years in naval intelligence, specializing in sanctions enforcement and maritime interdiction. Sent me a message this morning after Trump's remarks. His exact words: "Twenty-two ships in one night running dark. That's not a raid. That's a coordinated fleet operation. Someone has been tracking those vessels for weeks."
22 Iranian oil tankers. Seized overnight. No lights. No radar. Shadow fleet tactics — turned against the shadow fleet itself.
3 carrier strike groups currently positioned in the region.
NSPM-2 signed February 2025 — "maximum pressure 2.0" with an explicit target of zero Iranian oil exports.
Prior interdictions already on record: the Majestic X, the Celestial Sea, multiple IRGC-linked tankers boarded in the Indian Ocean and Gulf of Oman throughout 2026.
First-term precedent: E.O. 13846, JCPOA withdrawal, sanctions that denied Tehran over $10 billion in revenue by 2019 — including the Adrian Darya-1 seizure attempt with 2.1 million barrels aboard.
The Strait of Hormuz carries 20% of the world's oil. Iran built its shadow fleet specifically to route around US pressure. Running dark — no transponders, no lights — was the workaround.
22 ships found and taken in a single night means the workaround no longer works.
He told me: "When a president announces a covert interdiction operation at a press conference the next morning, it means he wants Tehran to know the shadow fleet is compromised. That's a message, not a briefing."
US CPI just hit 4.2%. Trump's response: "I love the inflation."
That is not a gaffe. That is a president publicly telling the world that rising consumer prices are an acceptable cost of dismantling Iran's oil revenue — and that he is willing to own it.
Every barrel seized is funding denied to Hezbollah, the Houthis, and Iran's nuclear program. That's the calculation being made in the Oval Office right now.
The people calling it reckless and the people calling it brilliant are both watching the same 22 ships.
I'll share more updates shortly. Turn on notifications, this is very important.
Europeans keep asking what American culture looks like.
Brother, we have a restaurant so reliable that the federal government unofficially uses it to judge hurricane damage.
It's called the Waffle House Index.
If the Waffle House is open and serving a full menu, everything is probably fine.
If they're on a limited menu, things got rough.
If the Waffle House is closed, FEMA starts paying attention.
Think about how absurd that is.
An entire nation's disaster response can be summarized as:
"Yeah, but is the Waffle House open?"
And despite the jokes, it's one of the greatest American institutions ever created.
24 hours a day.
365 days a year.
Friendly waitresses who call you "baby."
Hot coffee that somehow tastes better at 6 a.m. after a road trip.
Bacon, eggs, hash browns, waffles, and burgers cooked right in front of you. I recommend the hashbrowns smothered and covered
No reservations.
No dress code.
No pretension.
Just good food, good people, and a front-row seat to the greatest collection of characters you'll ever meet.
Sure, there's a non-zero chance you'll witness a fight.
But there's also a decent chance you'll sit next to a truck driver, a nurse getting off a night shift, a family on vacation, and a local farmer all having breakfast together.
That's America.
When a hurricane hits, Waffle House is often the first businesses to reopen.
When your flight gets delayed.
When your team loses.
When you're driving across the country.
When it's 2 a.m. and you need food and life advice from a waitress named Amanda.
Waffle House is there.
Buc-ee's is America's cathedral.
Waffle House is America's church.
Remember when Trump blabbed all over social media before he killed Baghdadi? How about the time he yapped all over the place about our plans to get Maduro in the dead of night? And let’s not forget the time he completely botched the Soleimani strike by bragging about it beforehand. Remember that?
No, you don’t remember those things because they didn’t happen. Whether you like, dislike, love or hate Trump, sealed lips prior to major missions is the norm for how he does business militarily. He even campaigned on it. Does this mean Trump is the greatest guy ever or that I think he’s some tactical genius? No. I’m stating a basic fact about how he’s operated up to this point. If that somehow causes you to crash out, get help.