🇮🇷🇺🇸 Iran just published all 14 clauses of the MoU. Read them carefully, because this is not the deal Trump described.
The headline numbers: $300 billion in reconstruction commitments from the US and allies. $24 billion in released frozen funds, half before negotiations even start. Complete naval blockade lifted within 30 days. US forces withdrawn from around Iran.
Here's the big one: Hormuz reopens under Iranian arrangements, meaning Iran keeps management of the strait.
The nuclear clause is Clause 9: Iran reiterates its commitment not to produce nuclear weapons. That's it. No enrichment cap. No dismantlement. No inspector access beyond existing frameworks.
The actual nuclear terms get negotiated in a separate 60-day window, and Clause 14 explicitly removes Iran's missile program and support for resistance groups from the agenda entirely. Permanently.
Iran's Deputy FM called it a total victory this morning. He wasn't spinning.
Source: Mehr News / Writer: Oliver
Charlie Munger was ahead of his time
It’s no secret that Charlie did not like “crypto-shit”, as he called it. He made his views very clear.
“There’s only one correct answer for intelligent people - just totally avoid it, and avoid all the people that are promoting it”
Charlie didn’t beat around the bush. One of the greatest minds to exist
Bitcoin bitcoin:native is about to begin its 2nd leg down like 2022.
This drop will be steep, large and last until $19,000 in October 2026.
We should see this accelerate mid June.
@Xiaoniu6161 "24 sevenS", as soon as i heard that sevenS, i knew this was ai. (yes, and then i also saw the "made with ai" label below the video soon after).
@NateGeraci oh please.
It took Netflix 3 years (2007 to 2010) to fundamentally disrupt and change how content were streamed and consumed.
It's been over 11 years since Ethereum was launched and how has it disrupted the banking/finance industry ? not much. Dimon is not afraid.
Tesla is a fraud, fraud, FRAUD, and Elon Musk is a massive FRAUDSTER. The fact that he's getting a free pass from Wall Street on $TSLA and the SpaceX IPO is DISGUSTING.
https://t.co/kpM9bafV8H
A PARENT’S JOURNEY THROUGH YOUTH SPORTS:
Age 5: “He’s got a cannon.”
Age 6: “He’s the fastest kid out there. Coach said so.”
Age 7: “Rec ball isn’t challenging him anymore.”
Age 8: “We tried out for select. Obviously made it.”
Age 9: “$2,800 for the season. Plus uniforms. Plus tournaments. Plus hotels.”
Age 10: “Cooperstown is basically a family vacation, right?”
Age 11: “He needs a hitting guy. And a pitching guy. And probably a mental performance coach.”
Age 12: “I’m not a crazy sports parent. The OTHER parents are crazy.”
Age 13: “We changed schools. For academics. (And also baseball.)”
Age 14: “Showcases are a requirement at this age.”
Age 15: “Ya his ranking just ticked up. We’re cooking.”
Age 16: “He just needs to get seen by the right school.”
Age 17: “The D1 schools want him to walk on. He’ll earn a spot by sophomore year.”
Age 18: “Okay, D2 is actually really competitive.”
Age 19: “He’s redshirting. Strategic.”
Age 20: “He’s focusing on school now.”
Age 21: “You know what? He’s so much happier.”
Roughly 7% of high schoolers play in college.
About 1.5% of those get drafted.
Less than half of draftees ever play one day in the big leagues.
The odds of our kids going pro are somewhere between “struck by lightning” and “find a $100 in old shorts.”
I love youth sports (all my kids play a bunch of them) just keep a good perspective my friends. ✌️
I have been screaming about this for MONTHS and Blind Squirrel just put out the best breakdown I have seen yet on the mechanics of why the SpaceX IPO could destabilize the entire market.
The numbers are RIDICULOUS:
$86 billion in stock to place at a $1.75 trillion valuation. Even under the most generous assumptions about index demand, closet benchmarkers, and retail participation, the bankers are STILL short roughly 40 to 50% of the demand needed just to get the deal to 1x covered.
And once passive funds are forced to mechanically buy in, they have to SELL $44 billion of existing holdings to make room.
In a market where top of book liquidity has already collapsed, that selling could feel like a trillion dollars of price impact.
Your 401(k) is the exit liquidity for insiders who bought in at less than 5% of the current valuation.
Read this and share it with everyone you know:
https://t.co/sgaXvQeBAb