New active ETF filed with cool ticker
• Park Edge Adaptive Risk ETF - $KISS
Eff: Oct 13, 2026
Portfolio via a systematic, risk-managed, multi-asset investment approach following rules to allocate among asset classes based on quantitative assessments of macroeconomic conditions, market trends, and risk characteristics.
Exposure to 50-70% equities, 20-40% gold-related investments, and 0-20% digital asset-related investments.
Sub-Adviser: Park Edge Advisors, LLC
https://t.co/TJaj7Xrmoa
Filing: https://t.co/7FkEJpaaut
#ETF #NewETF @richlowrie
Jim is winning the argument. Hint to the others: Think of federal income taxes, state income taxes, local income taxes, capital gains taxes, dividend taxes, federal death taxes, state death taxes, payroll taxes, sales taxes, property taxes, commercial activities tax, and many more.
Sentiments of Venezuelans
I’m going to say this once, and I don’t care if it makes people uncomfortable.
If you have never lived in Venezuela
If you did not grow up there
If you did not watch your country collapse in real time
If you did not stand in food lines
If you did not watch your parents lose everything they built
If you did not have to leave your home with nothing
Then shut the fuck up.
You do not have an opinion.
Your opinion does not matter.
And you don’t get to lecture anyone about what’s happening there.
I’m Venezuelan.
I lived there most of my life until my early twenties.
I watched my country go from a functioning democracy to full blown socialism right in front of my eyes.
This is not politics to me.
This is trauma.
Before socialism, Venezuela was not perfect, but it worked.
There was trade.
There was money coming in.
There was investment from the US.
There were jobs.
There was food.
There was medicine.
My family had five businesses.
We had our home
We had investments.
We had a future.
Then the government started nationalizing everything.
Private companies were taken.
Foreign investors were pushed out.
Imports were blocked.
Price controls destroyed production.
Corruption exploded.
And everything died.
Not slowly.
Violently.
People didn’t suddenly become poor because of “capitalism” or “the US” or whatever bullshit slogan people like to repeat online.
They became poor because socialism destroyed incentives, destroyed production, destroyed trust, and destroyed hope.
People today in Venezuela are not debating ideology.
They are trying to survive.
They are trying to find food.
Trying to find medication.
Trying to keep their families alive.
So when I see people in the West posting from comfortable homes, full fridges, stable currencies, and safe streets talking about “imperialism” or “US bad” or “Trump this or that”
No.
It’s not complicated.
You’re just ignorant.
China is not rebuilding Venezuela.
Russia is not rebuilding Venezuela.
Cartels are not rebuilding Venezuela.
They are stealing.
They are extracting.
They are draining what’s left.
If the US comes in and reinvests
If refineries get rebuilt
If infrastructure gets restored
If imports open back up
If food, water, and medicine become accessible again
If people can work and earn with dignity
Then yes.
Let them take all the oil they want.
Because at least something gets built instead of destroyed.
This is something to celebrate.
Not because it’s perfect.
But because for the first time in a long time, there is hope.
Hope that families can eat.
Hope that people don’t have to flee their country.
Hope that Venezuela can function again.
If you’ve never lived through a country collapsing
If you’ve never watched socialism destroy everything around you
If you’ve never had to leave your home because staying meant starvation
Then again
Shut the fuck up.
This isn’t theory.
This isn’t politics.
This is lived experience.
By Stephen Subero
this is shocking:
> US collects $2.4T in income tax, but spends $1.5T on fraud
> if we didn't have to pay for fraud, only $900b would need to be collected
> this means anyone with less 500k in income could pay *literally $0* in income tax
we don't need to raise taxes. we need to cut fraud
Speaking of new voices at the Fed, here is an OpEd I helped Herman Cain with when he was nominated to Fed Governor by Trump in 2017. Just as true today as it was then.
My favorite line, “Monocultures tend to be fragile, but is the Fed that fragile it can't handle challenges to its models or the assumptions that feed them?”
https://t.co/A4VlUDcJMm
@DariusDale42@federalreserve The Fed should fire any employee who knows what the Phillips Curve even is - an absolute purge. Then simply stabilize the dollar. That way they’ll never be able to treat wage growth as a “cause” of inflation. (A couple of dated but timeless graphs)
Yes, I see the problem, it’s the one you continue to ignore. Namely, that the @federalreserve has treated wage growth as a cause of inflation since the academics took over and drank the Phillips-Curve kool aid. The result is real income stagnation for the bottom 90% since 2000. But, go ahead, keep looking the other way.
Come on @BarackObama, say his name. It’s the easiest opportunity you’ve ever had to give some credit to President Trump & unite Americans. This fact that you refuse to do it, even in this one very special case, reflects why we’re so divided.
The Fed got overtaken by academics in the late 90s (I say it began in ‘97) and academics are under the spell of the Phillips Curve superstition that posits wage growth ‘causes’ inflation. Whenever a rising tide was about to lift all boats, the Fed has tightened to ‘arrest’ wage growth. Bottom 90% real income has been stagnant since.
If the Fed went back to just stabilizing the dollar, the economy would grow faster and the Fed would be prevented from stamping out wage growth.
They would never do it on their own - Congress would need to amend the Act.
Passing the ball is the football equivalent of taking factor risk as a retail investor.
Sure you can outperform, but the probability of you consistently outperforming period after period is lower because there is more variance among passing plays than among running plays.
But coaches overly pass the ball anyway precisely because it features more variance. This means a greater percentage of the outcome of the game is decided by coaches because less variance — the opposite outcome — means the best players only need to make a few big plays to win the game. Higher variance requires a higher frequency of big plays to determine the outcome of the game. Career bonus points if a coach can get a less-talented QB to enjoy a higher percentage of positive big plays than negative big plays on any durable basis.
In essence, this is why passing the football is both more risky and more desired by coaches — people who are eager to prove that it’s them, not the players, that determine the outcome of the football game. This is why passing generally increases in frequency each level of football you ascend to. As in any hyper-competitive field, many of these increasingly highly paid coaches are likely insecure and desperate to prove their worth each game and each season.
It is with this inherent conflict of interest in mind that I posit why it is both safer and more effective to run the ball. Running the ball means more of the outcome of the game is decided by the players. This means coaching the intangibles — effort, grit, determination, focus, teamwork, communication, etc. — becomes more important than coaching X’s and O’s.
Because scheme is usually what great coaches get paid the most for, this presents an inherent conflict of interest on a personal level for the coach. Coaching the intangibles is also harder to master because it requires elite leadership and organizational skills — skills that require many reps to acquire and master.
Lastly, you don’t get to play real football in the trenches during most practices — something that makes mastering the run game more difficult for offensive players because it requires more teamwork than their defensive counterparts.
But running straight, if effective, is the most unstoppable thing in football from a schematic perspective. You literally have to sell your soul in the passing game on defense to do so. Thus, you can remove the other team’s coaches from the game plan if you’re effective at running the football, leaving your team with both the playing and coaching advantages. It’s hard to lose a football game if you secure both.
This is not unlike investing. Many retail investors delude themselves — and/or their investment advisors — into unnecessarily taking factor risk that they don’t need to take. In effect, they are “passing” because they want to prove it was their intellect — not luck, monetary debasement, etc. — that inflated the value of their factor selections relative to the market.
But the reality is, the math suggests you should probably just run the damn ball if you’re a retail investor.
Our flagship investment strategy, KISS = running straight. Details here:
https://t.co/96Ja26h0Oa.
If you’re skeptical of KISS, don’t be. You can try KISS with only a portion of your portfolio and increase your allocation to KISS as you gain more comfort with our flagship investment strategy. FWIW, 100% of our thousands of clients in 80+ countries around the world can cancel anytime, without penalty, if KISS (or Dr. Mo) stop working for them. One hundred percent.
Our attrition rate is ~3%, which is less than a third of Apple $APPL iPhone users. Don’t just take my word for it; I work here. Ask @42Macro clients instead: https://t.co/HGuDSdvpD4.
In summary, stop playing patty cake with your portfolio and run the damn ball if you want to win more frequently.
Happy college football Saturday! America needs this. 🇺🇸