robinson

beggar, chooser. 2-time craigslist roommate. time billionaire

[robinson @robocraw]

@HML_Compounder oh dude. I wish you eternal peace in this trying time lol

[robinson @robocraw]

hmm. huh.

[Sawyer Merritt @SawyerMerritt]

Fidelity has announced that it is making the SpaceX IPO available to any customer with a retail brokerage account with $2,000 or more in the account (down from up to $500k before).

"SpaceX has decided to reserve a much higher percentage of the offering (up to 30%), which means there should be more shares available to retail clients, which is why we have decided to reduce IPO eligibility for this offering."

[robinson @robocraw]

this is a $15M coupon. send this deck to your estate lawyer. you're welcome

https://t.co/MRv3XfRufa

[robinson @robocraw]

seen too many bullshit posts about spaceX capital gains avoidance. here's a real one.

"upstream basis planning". set up a trust. carefully give an older relative some rights & access.

you can get a step up in basis on their death up to $15M estate exemption. clean, legal, real

[robinson @robocraw]

DE shaw is gonna launch a tax-aware product (LP or SMA) in next 12-24mo IMO

[Nishant Kumar @nishantkumar07]

𝐄𝐗𝐂𝐋𝐔𝐒𝐈𝐕𝐄: D.E. Shaw just communicated four very significant moves to clients:
1. Longer lockups — Starting Jan. 1, clients in flagship Composite hedge fund will need four years to fully exit (6.25%/quarter), while Oculus clients will need three years (8.3%/quarter). 1/6

[robinson @robocraw]

@p_millerd @Camp4 @mar15sa so good lol he's the man

[robinson @robocraw]

@Camp4 @p_millerd @mar15sa cope is exactly right. watch josh brolin parody this out with himself

https://t.co/a5oIKThIXW

[robinson @robocraw]

“I’m gonna be a better father the more accolades I get”

[Jared Dillian @dailydirtnap]

Check, please.

[robinson @robocraw]

it’s been like a decade where you can reliably fade everyone who likes this

[🏔Adam🏔 @denverbitcoin]

Founder of Cardano $ADA just said:

“..my only request is that you get tired of it & say we need a change. And there’s a lot of things we can do to change;
• Constitutional changes
• Executive function changes
• Treasury changes
• Changes as dramatic as forking the protocol.”

[robinson @robocraw]

@HML_Compounder you can just say whatever you want online I guess. I’m glad comments and replies are turned on cause it’s just total Swiss cheese

[robinson @robocraw]

@AndyHVandenBerg "finance losers" hurts me but i deserve it https://t.co/mgMtMQVgfe

[rain @redactedrain]

Finance Fent Fold

[robinson @robocraw]

@AndyHVandenBerg talk to Brian Q again if you haven’t in a minute - that was a great intro btw

[High Yield Harry @HighyieldHarry]

The Guy you know who bought a bunch of Chipmaker and AI-adjacent names at the beginning of the year

[robinson @robocraw]

@wealthMAinsider @dimensional

[Podcast Doesn't Exist @PodcastDoesnt]

The Tampa Bay Rays' newest analytical strategy is breaking Baseball again

[Wholesome Side of 𝕏 @itsme_urstruly]

Never forget that YOU are a data center. Drink some water!!

[Andy VandenBerg @AndyHVandenBerg]

A friend recently mailed me a book and it reminded me how awesome it is when people send books to each other.

Receiving a physical book in the mail feels surprisingly meaningful. Extra points if there’s a handwritten note inside.

[Ethan Brooks @alt_w_v_g]

My wife mentioned a nice private school over dinner this week
She said the campus was beautiful
I asked what's the tuition
She said we should look at it as an investment in him not a cost
I made a note
She said don't make a note
I said I always make notes
She said this isn't a deal
I said everything is a deal
She closed her eyes

She said we'd discuss it Saturday
I agreed

Saturday 7:02am
She came downstairs in her Saturday robe
Coffee in hand
I had my cargo shorts on

The dining room had been cleared
The projector was on
The analyst was at the head of the table
Quarter zip on, three iced coffees, a legal pad, and two laptops
He had been there since 6:44am

I texted him at 11:14pm Friday
The text said dining room 6:45am bring the model
He sent a thumbs up

My wife stopped in the doorway
She said what is this
I said you said you wanted to discuss it
She said this is not a discussion
I did not respond
She sat down anyway

The analyst stood
He said good morning ma'am
She did not respond
He sat back down
A printed deck in front of each seat
A fourth copy in case

Slide 1 Tuition Schedule
$38,500 per year
Thirteen years
$500,500 nominal
Before escalators
The school has raised tuition 4.2% per year for a decade
With escalators $648,000
My wife said okay
I said I'm not done

Slide 2 Opportunity Cost
Even before escalators
$38,500 invested annually
10% nominal return
S&P long-run average since 1928
By his eighteenth birthday $944,000
My wife said we can afford it
I said I know that's not the slide

Slide 3 Terminal Value at Age 65
$83 million
She was quiet

The analyst slid the sensitivity tables across the table
8% return $31 million
10% return $83 million
12% return $222 million
She did not look

She said this isn't about money
I said it's always about money
She said no it isn't
I said then what is it about
She did not answer

She said you can't put a dollar value on his teachers his classmates his environment
I said I can the analyst already did slide 6
He flipped to slide 6
She did not look

She said the school is the best in the city
I said best is a feeling
She said it produces the best students
I said the students were already the best before they got there

She said our son deserves it
I said our son deserves $83 million

My son walked in
He is five
Dinosaur pajamas
He looked at the projector
He looked at the open deck on the table
He looked at slide 3
He said are we modeling pre-tax or after-tax
The analyst opened a new tab
My wife looked at the ceiling

He said what's the discount rate
The analyst set down his pen
She closed her eyes

He said is this the same return assumption from the 529 conversation
The analyst stopped typing
He looked at me
I did not say anything

She stood up
Sat back down

He said dad can I help
I said yes
He pulled up a chair
The analyst handed him a printout
He started reading

My wife watched him read
She watched him for a long time

She said his name
He looked up
She said do you like school
He said the work is too easy and the kids don't ask questions

She did not respond
She looked at the ceiling
She walked out of the room

The analyst started packing up
He said should I follow up Monday sir
I said no follow up needed

He'll be fine

Sent from my iPhone

[Everything Georgia @GAFollowers]

The moment a Waymo drove full speed into flood waters. @11Alive