Joseph Camberato

@sciencegirl @grok what is the name of that machine in video that plastic wraps your shoes

When a $40,000,000 mansion is so over-the-top it has an underwater garage… and you have to cover your Gucci shoes just to walk inside. 📹supercarblondi

@stevenfiorillo @bennyjohnson Imagine if common sense were used ! It all seems so simple but yet gets so complicated .

@bennyjohnson The reality is that New York has lost $111 billion in net adjusted gross income over the last decade from residents moving to other states. That’s not hypothetical, that’s $111 billion in taxable income that used to fund schools, subways, police, and infrastructure that is now funding those things in Florida and Texas rather than New York. This is not my data, it's the data from the IRS. When you tax people past the point where the math makes sense, they leave. When they leave, the burden falls on everyone who doesn’t have the resources to relocate. It’s time to take a common sense approach to policy and make the great state of New York competitive again

@BillAckman Time is compounding’s friend! It is undervalued and underestimated. I recommend using a compounding interest calculator that shows the timeline. At a 8-12% return (s&p 500), you don’t really start to see the big benefits until years 25+. Then all of a sudden it gets crazy.

I couldn’t have said it better myself.

@libsoftiktok Why not just copy what Texas and Florida is doing???????? And they have a surplus of money with no state tax….

Gov. Kathy Hochul (D) complains that wealthy people are ABANDONING New York for Republican states like Florida and Texas to avoid oppressive taxes that fund her "generous" social programs She's PISSED they are no longer "captives" in her state.

@PeterDiamandis My pleasure and same here !

@GrowByJoe Hi Joseph, I look forward to meeting you in person and seeing you there. Thank you for joining our journey and supporting the book!

It’s a shame the leaders of NY & NYC don’t get this… it’s so simple yet they make it so difficult 😞 @BillAckman

@KobeissiLetter @grok how many people outsdide the workforce are over the age of 65?

BREAKING: A record 104.3 million Americans are now "outside" of the labor force. These are individuals who are neither employed nor actively looking for work, including retirees, students, stay-at-home parents, and discouraged workers. This exceeds the 2020 pandemic peak by 600,000 when nearly the entire economy was shut down. Since the 2008 Financial Crisis, the number of people not in the labor force has surged +25.7 million and +35.1 million since 2000. As a % of the labor force, this metric stands at 61.2%, the highest level since the 1970s, excluding the pandemic. All while the US population stands at a record 342.5 million, up +61.4 million since January 2000. Cracks in the labor market are spreading.

@milichab @SpaceX @xai @JasonBud 🙌

I’m joining @SpaceX and @xai with @JasonBud. X is the company realizing science fiction - reusable rockets, humanoid robots, data centers in space, and more. Almost 10 years ago, I joined SpaceX as an intern on Dragon 2 crew displays. This was in the era of the first rocket landings on barges, long before the Dragon 2 restored human spaceflight to America or Starlink delivered internet from space. Every day since then, I’ve thought about the next steps to land on the Moon - and to build a city on Mars, data centers in space, the brains behind robots, and beyond. There is no better place to build teams and products from the ground up with planetary scale resources. If you’re looking to work on the hardest problems that lay a foundation for humanity’s future to the Moon, Mars, and beyond - DM me.

@BillAckman @NYCMayor This will crush Americans and the middle class. Most people don’t understand death and estate taxes. The average home in NYC is $1MM. So basically anyone that has family member or parents passing a home down to them will loose half.

.@NYCMayor Mamdani’s strategy appears to be to make NYC an unattractive place to live and to die.

@RobWhiteMedia @TonyRobbins Yes. Have you been? It’s a life changing event

@TonyRobbins Life can change in a single decision BUT that decision requires an absolute commitment to change now. When a decision is total, it brings immediate, radical transformation, and that's not happening with some Unleash the Power loud music event.

Your life can change in a single decision. The decision to grow. The decision to raise your standards. The decision to say yes to something bigger. Unleash the Power Within starts next week. Secure your spot: tonyr.co/4kfprv7 Price increases tonight at 12am PT.

@heynavtoor Really great post thank you ! So can you run this on your laptop or does it have to be a Mac mini? And do you use this solely on specific computer or your daily computer? And Would you give it access to your social media accounts ? To handle replies.. posts etc

@elonmusk lol

Well said

@epaleezeldin Nice work @epaleezeldin !

🚨Single. Largest. Deregulatory. Action. EVER. Incoming: TOMORROW!

@elonmusk Can’t wait ! 🙌 🚀

Life cannot just be about one sad thing after another. There must also be things that make us super excited and inspired about the future. This is one of things. Bigtime.

Everything is difficult to get done and god forbid it is fun and innovative, denied…. 🙅 It’s a shame. We (NY) should be #1 ! We have amazing talent and hustle like no other place in the world. We should be doing what ever we can to keep that talent in NYC and Long Island. We should be the most innovative city in the world and we are sadly not. The regulation and bureaucracy makes it so hard for all size businesses to grow. Getting permits and approvals are a joke! Restaurants can take a 1 year+ ! Real estate development can take 7 years for just an approval! You have all these developers building amazing communities / housing in other states because it’s such a pain in the a$$.

NEW YORK IS DEAD LAST IN BUSINESS FRIENDLINESS, TAX COMPETITIVENESS, AND POPULATION RETENTION; A STATE IN STRUCTURAL DECLINE - New York ranks 50th (dead last) for business friendliness in the United States - New York ranks 49th in CEO surveys of best states for business - New York ranks 50th overall in state tax competitiveness - New York ranks 50th for individual income tax competitiveness - New York ranks 47th for property tax competitiveness - New York is the 2nd most regulated state in the country with over 300,000 regulatory restrictions - New York files more legislation than any state in the U.S., roughly five times the national average - New York ranks 4th highest for tort costs as a share of state GDP - New York ranks 50th in net domestic migration, losing more residents than any other state - New York ranks 50th in net migration income per capita, losing higher-income taxpayers fastest - New York ranks 49th in projected growth of prime working-age population - New York has lost nearly 10% of its prime working-age workforce since 2005 - New York is the 47th fastest-growing state over the past two decades - New York ranks 47th for housing-burdened households, with nearly 40% of residents spending over 30% of income on housing - New York is a top-10 most expensive state for housing - New York ranks 48th for workers’ compensation insurance costs - New York employers pay among the highest health insurance premiums in the nation - New York is the only state with a Scaffold Law that inflates construction insurance costs by 10% or more - New York ranks 50th (worst) for average commute time in the United States - New York ranks 42nd for bridges in poor condition - New York ranks 44th in energy production per capita - New York ranks 43rd–45th for residential and commercial electricity costs - New York ranks 44th in overall state economic performance - New York’s job growth over the past decade is far below the national average and a fraction of Florida and Texas Source: Blueprint for New York – Creating a Roadmap for Change (Public Policy Institute of New York, September 2025)

You couldn’t have said it better. The solution to housing seems so simple yet most cities and states make it so difficult. All states and cities should be working with and incentivizing builders to build. It’s a simple supply and demand issue. Right now I would not want to buy, build or invest in any real estate in NYC.

Who Will Build NYC if Builders Are the Enemy? As a New Yorker Jew, I'm surrounded by people who have been in real estate their entire lives. I am not trying to feed a stereotype, but that's my reality. They aren't activists or online commentators. They are people who bought their first buildings with all their savings, carried debt through rate hikes, fixed things themselves when there was no money to hire, and stayed in New York through high crime, recessions, 2008, COVID, rising taxes, insurance increases, and an ever-expanding book of laws and codes. None of them were promised fairness before they started, and none of them were protected from risk. They succeeded very slowly, and painfully, but with responsibly. That experience is exactly what is missing from the worldview of Zohran Mamdani, and it shows in every part of his housing agenda. Mamdani has never built anything. He never signed a personal guarantee, never met payroll, never carried a mortgage through a rough month, never had to choose between fixing a boiler now or hoping it survives another winter because there is no cash. He has only operated in a political world where consequences are abstract and other people absorb the risk. When you have never operated in the real economy, it becomes easy to believe that shortcuts are solutions. It is also why his message resonates with a certain type of voter. The people demanding “housing reforms” are not bad people. They are frustrated renters who feel like the system is rigged against them. I understand the frustration. But frustration doesn't change math. Housing is hard. Ownership is a very slow process. Building anything meaningful in this city takes years of stress, and debt. The people calling for "landlord policies" often want the outcome without the grind, the stability without the risk, and the reward without the years of sweating that every responsible adult who succeeded here had to endure. But it does not work like that. NYC is in housing crisis. Citywide vacancy sits around 1.4 percent, a level economists consider an emergency. Median rents keep rising anyway, with Manhattan near $4,800 and Brooklyn around $3,800, even under an already thick layer of regulation. The reason is obvious. Supply has not kept up. In a good year, New York adds roughly 30,000 units. The city needs hundreds of thousands more over the next decade just to stabilize prices. At the same time, construction costs here are among the highest in the country, financing is extremely difficult, and insurance is wildly expensive Mamdani’s proposals take that fragile situation and make it worse. When you cap upside while leaving downside unlimited, rational people stop participating. Developers do not argue on X. Lenders do not protest. They simply reallocate. Projects stop coming up. Renovations are postponed. New construction dies before a shovel hits the ground. The people I know in real estate are not angry. They are disengaging. Some are buying elsewhere. Some are sitting on cash. Some are done entirely. And when that happens, tenants do not win. Buildings deteriorate, supply tightens further, and rents rise anyway. What Mamdani offers is emotional satisfaction, not solutions. He tells voters that prices are high because someone else is greedy, not because the city has spent decades making housing harder and almost impossible to build. He frames landlords as villains instead of participants in an ecosystem that only works when incentives align. That framing feels good, but it does not produce housing. It produces resentment, fear, and withdrawal. Everyone I know who made it in this city did it the same way. Slowly, without shortcuts. Policies written by people who never did that do not create fairness or affordability. They create shortages. NYC doesn't have a landlord problem. It has a confidence problem. And a city that teaches people to hate the builders while demanding more building is a city sabotaging its own future.

Mr @RayDalio, Thank you for always taking the time to explain things like this and in all of your books. I truly appreciate all of it and use it. I have applied what you teach since hearing speak at 2018 Plat finance event in sun valley and it has had positive impacts through these wild markets. Wishing you a Happy New Year.

@BillAckman Harvard is slowly losing their way. What a horrible way to treat your own professor and employee. What type of message does that send to the rest of faculty. I would be concerned and scared to be a professor their knowing the institution could turn on me

Almost nothing makes my blood boil more than when a large powerful institution unfairly destroys someone’s reputation, and its principal reason for doing so is to minimize bad publicity in an effort to protect its own ‘reputation.’ Sadly, I have seen this occur in many academic institutions when a faculty member or student’s reputation, career, and often life are destroyed for a crime they did not commit. In the good cases, it is often many years later where all of the facts emerge and the individual is exonerated, but unfortunately justice delayed is often justice denied. Sadly, many such examples lead the accused to depression and occasionally even suicide. In the case I am writing about, the facts are complicated, and despite my predilection for long-winded posts (and this one is not going to be short), I am not going to have room to provide many of the details of the case here, but instead I will refer those that are interested in learning more to a superb, four-part podcast that goes into the gory details (you can comfortably listen at 1.5 times speed) which, with transcripts, can be found here: theginocase.info/?page_id=19 This is an important story about @Harvard, academic institutions, due process, and someone whose life is at stake, so I thought to share the high-level facts in an effort for this story to be heard, perhaps someday eventually as widely as the accusations and the conviction have already been disseminated. By way of background, I have long had an interest in behavioral science/economics. To that end, the Pershing Square Foundation made grants of approximately $40 million to Harvard University to enable it to recruit some of the best behavioral scientists/economists in the world to create a center of excellence (The Foundations of Human Behavior) for research into better understanding human behavior. My interest in Harvard and behavioral economics made me particularly interested in a story that first publicly appeared in June of 2023 when a Harvard Business School professor named Francesca Gino whose research focused on “honesty and ethical behavior” was (ironically) accused of falsifying her research. In June 2023, she was put on administrative leave, stripped of her titles, and removed as head of the Unit of Negotiation, Organizations and Markets at HBS. Nearly two years later, after a lengthy investigation, in May 2025, Gino's tenure was revoked and she was fired. The Gino story caught my attention for a number of reasons. I am HBS alum. I have been one of the largest funders of behavioral economics at Harvard, the department of which Gino was a member, and since October 7th, 2023, I had developed a much more skeptical view of the University. Also, my father was an early and large funder of ethics research at HBS so his ethics endowment likely has been the source of funding for some of Gino’s research. So I had many reasons to be interested in this case. The story itself was also one made for the headlines. The idea that a tenured Harvard professor whose research was focused on honesty and ethical behavior committed research fraud was guaranteed to go super viral. I was also open to the other side of the story. Early in my career, I was falsely accused of market manipulation for a research report I released on MBIA and a short position that I took in the company. I shortly thereafter found myself under investigation (catalyzed by MBIA’s power and influence as the largest guarantor of NY State and City bonds) by then NY Attorney General Eliot Spitzer and the SEC which followed suit. My reputation was quickly destroyed by the resulting publicity, and I spent nearly a year in depositions defending myself. I was fortunate in being able to afford good counsel and in having family, friends, and business partners who supported me through this extremely challenging time. The NYAG and the SEC eventually went away, but they did not formally withdraw the investigations until years later. Fortunately, by then, I was totally vindicated, but it was more than five years between being accused, before the facts – MBIA’s and the other bond insurers implosion during the GFC – exonerated me. While I had always believed that one is innocent until proven guilty, going through such an experience made me particularly sensitive to this highly important feature of our legal system and our democracy, which brings me back to Francesca Gino. Francesca reached out to me in late 2023 (I first met her years before when she had presented her work to the HBS Board of Dean’s Advisors of which I was then a member), a time when I was highly publicly critical of then-Harvard president Claudine Gay. Gay was found to have plagiarized large portions of her limited research oeuvre (50 or so unattributed word-for-word insertions in 8 of 17 of her papers). The resulting publicity combined with her mishandling of an explosion of anti-Semitism on campus led to her stepping down from the presidency. But despite the vast amount of unattributed work in Gay’s published research, she remains at Harvard to this day as a $1 million per annum or so member of the faculty, apparently in good standing. While I noted the disparity between how Gino’s case compared with how Gay’s was handled by the University, at that point, I did not know the details about Gino’s situation. In May 2024, Francesca reached out to me for help. She had spent nearly all of her resources funding her defense and was running out of money. I expressed an interest in learning more and she organized a Zoom with Laurence Lessig, a highly respected and distinguished law school professor at Harvard and the former director of the Edmund J. Safra Center for Ethics at Harvard who was helping her pro bono. David Klafter, a partner of mine and my most trusted advisor on these kinds of matters, joined me on the Zoom. Lessig made a very powerful case for Gino’s innocence and offered to provide us with whatever information we needed to understand her side of the story. To make a long story short, David and I have carefully examined the evidence and we strongly believe that Gino is entirely innocent. Furthermore, by no means has Harvard met its “clear and convincing” standard for finding academic misconduct. Lastly, it appears that Harvard may have also violated its own statute of limitations provisions in terminating Gino’s tenure as the papers in questions are more than a decade old, and Harvard’s statute of limitations is six years. While the facts are complicated and take time to understand, a clear picture emerges once you do the work. In short, Gino appears to be a victim of some unintentional data errors made by some of the research associates that assisted her in her research as well as scammer(s) who earned fees for answering various surveys that led to corrupted data sets for some of her papers (behavioral science researcher often use sites like Mechanical Turk (mturk.com) where random members of the public can earn fees for filling out surveys which are used as sources of data). You might ask why if we were able to get to this conclusion based on impartial analysis would Harvard come to a different conclusion, a conclusion (finding Gino guilty) which one would assume is highly damaging to Harvard’s reputation. The answer, in short, is that we approached our analysis without any bias or desire to get to a particular conclusion, and we have the benefit of some distance and a lack of emotion about the situation. For context, HBS played an important role in my education and success, and I continue to teach classes and speak to students there every year. I have a high regard for Srikant Datar, the Dean, on whose advisory board I used to serve. While I care enormously about the institution, I care more about the truth. Once you come to understand how big institutions and their leaders respond to the fear of negative publicity and the incentives of the attention economy, you can better understand why an innocent person has been found guilty here. In some ways, this is the more interesting part of the story. The story begins with Harvard being contacted in June 2021 by DataColada.org (“DC”), an entity that seeks to identify fraud and replication issues in academic research. DC’s policy is to bring data and/or replication issues to the attention of the author so that the author can either defend or correct their work. In this case, DC had found data anomalies in four of Gino’s 140 papers. Interestingly, DC did not follow its own policy of approaching the author, and instead approached Harvard and shared its analysis, while not disclosing the issues it had identified to Gino. Shortly after being approached by DC about anomalies it had identified in Gino’s work, Harvard discarded its pre-existing, two-page research integrity policy – one which had been created with the input of Harvard’s senior faculty and had been in place for many years – and replaced it with a new 16-page policy, and did so without seeking the consent or even informing the Harvard faculty that it was doing so. The new 16-page policy had a number of notable additions. Of significance, the new policy had a confidentiality provision which made it a termination offense if the subject of an investigation publicly disclosed any of the facts about the investigation, including whether an investigation was underway. Second, it limited the subject under investigation to work with only two individuals as their advisors and restricted the subject’s communication with the administration to one person, a newly created position of Research Integrity Officer. Why did Harvard revise its policy under the cover of darkness and introduce these new provisions in connection with the Gino case? The answer I believe is that Harvard feared the potential reputational damage of having a professor who studied ethics and integrity being found guilty of committing research fraud. Harvard wanted to limit the risk of being embarrassed and to carefully control the release of any information about the case so it gagged Gino, severely limited those she could work with in formulating her defense, and restricted her access to the faculty and members of the administration leading the investigation. I believe that Harvard thought the accusations were so reputationally damaging to the institution that it was hoping to resolve the matter as privately as possible, and if disclosure was required, to do so in a way that minimized the reputational damage to the University. While these are reasonable goals, the impact on Gino was to eliminate her due process and fundamentally take away her ability to defend herself until after the University had already come to a false conclusion about her culpability, the train had left the station, and the damage was done. Harvard was also under pressure to complete its investigation. Data Colada was clearly excited about its findings of data anomalies in works by a Harvard ethics professor and likely viewed the scoop as a great story for a future media onslaught that would ‘advance’ Data Colada's brand and image in the mind of the general public. We live in an attention economy where scoops like this one could be transformative in putting DC on the front page of the NY Times and cause it to go viral on social media, which in fact it later did. This is the only credible explanation I can surmise as to why DC violated its policy of sharing their findings with the author first. This was clearly a breakout public relations opportunity for DC and it did not want it to go to waste. DC also put significant pressure on Harvard to complete its investigation in a timely fashion. In order to keep Harvard’s goal of confidentiality, the Dean of HBS, Srikant Datar, made a deal with DC where it agreed not to publicly release its findings if Harvard promptly launched its own investigation and while the investigation was under way. And DC continually pressured Harvard to get its work done quickly. When a Harvard professor is accused of research misconduct, the University's policy is to bring these accusations to the professor within a week of learning of them. But in this case, Harvard waited more than three months to inform Gino that she was under investigation. And when Harvard finally told Gino she was under investigation, it did not share DC’s analysis or the details of the investigation with her until months later. The Gino gag order limited her to sharing info about the investigation to only two individuals as her advisors. She chose a faculty colleague as one of her advisors. The other advisor was a lawyer recommended by the Research Integrity Officer (RIO), a Harvard administrator named Alain Bonacossa, who represented the University and the Hearing Committee in its investigation. The Gino gag order remained in place until the University concluded its investigation so it would be nearly two years from the time DC approached Harvard before she could begin defending herself publicly. Harvard on the other hand hired Ropes & Gray and an army of other lawyers and public relations advisors to assist it in its investigation and prosecution of Gino. After the inquiry stage of the investigation was completed, which took several months, Gino was informed that a formal investigation would now begin, and that the University would be hiring a forensic research firm, Maidstone, to assist it in its investigation, among other things, to review the terabytes of data under question. When Gino asked RIO Bonacosso whether she could hire her own forensic research firm (Gino’s advisors strongly recommended that she do so), he told her that she could not as she had already identified her two advisors and was not permitted to hire a third. [Later, in trial and under oath, Bonacosso denied that he told Gino that she could not hire a forensic firm. His statement under oath strains credulity in that of course Gino would have hired a forensic firm if she was permitted to do so, particularly as her advisors strongly suggested that she do so.] When Gino was first notified that she was under investigation, she was required to immediately turn in all of her University electronic devices. She was told that the University would make a forensic image of her devices so that all metadata and other files would be preserved. The forensic image would have records of websites she visited and include system logs which could reveal when and how files were created, including remnants of deleted files. A forensic image of this information was critical as it is not stored forever as system logs have routines to erase these data and files after a period of time. Gino later learned that the University did not make a forensic image of her devices and only copied a subset of the files. As a result, important data that could have exonerated her more easily have been permanently destroyed. The loss of this information also impaired the work of Maidstone in doing its forensic analysis and made Gino’s defense more challenging. Gino was not permitted to speak to or interview any of her research assistants that worked on her papers as part of her defense. She was initially comforted by the fact that she was told that the University would do so as part of their investigation. In fact, the University interviewed only two of the 12 RAs that worked on the subject papers, and to only a limited extent. Clearly, minimizing public disclosure rather than getting to the truth was Harvard’s driving principle in this investigation for what good reason would there be to limit an investigation to only a tiny subset of the RAs who led the research for the papers in question. After the completion of the Maidstone and other investigative reports, Gino received copies of the drafts to review, but was given only two or so weeks to complete her review before she had her first and only opportunity to speak to the Investigative Committee members on a Zoom call to respond to their questions arising from the Maidstone forensic analysis, without the benefit of having her own forensic consultant to review and challenge the report. When Gino requested more time to analyze the Maidstone report in preparation for her interview, that request was denied by the Committee. On the Zoom call with the Committee, Gino was asked to explain how the anomalies in some of her datasets had occurred. Without the benefit of access to the underlying metadata and without her own forensic data expert, she was not able to answer the Committee’s questions to their satisfaction. While Maidstone did not determine who was responsible for the data anomalies, the Committee ultimately concluded that Gino was responsible. Bear in mind that the Investigative Committee came to this conclusion without the benefit of interviewing 10 of the 12 research assistants who worked on the papers with Gino and without hearing from a forensic expert who represented Gino who could challenge Maidstone's analysis. The Committee ultimately accepted the conclusions of the Maidstone report. On June 13th, 2023, Gino was encouraged to resign with Harvard proposing that ‘things can go quietly’ or words to that effect if she were to do so. Gino refused to resign, proclaiming her innocence. Four days later, on June 17th, Harvard went public with the accusations and the University thereafter put Gino on administrative leave. Once Harvard went public, Data Colada released its analysis to the public and the press and social media had a field day. At this point, Gino was now no longer gagged. She was then able to hire her own forensic expert and begin a careful review and detailed analysis of the Maidstone report. She finally had access to her own data and the resources to evaluate the facts, but without the data which were destroyed by the University’s failure to make a forensic image of her devices. Gino and her advisors spend the next six months analyzing her data and the Maidstone report and find serious flaws with their analysis. In January 2024, Gino’s lawyers approach Harvard and ask for the opportunity to make a presentation about the flaws they have identified which discredited the Maidstone report. Gino's lawyers’ request is denied and Harvard thereafter asks what Gino wants to resolve the matter. She of course wants her job back as she believes that she can now prove that there has been no wrongdoing. Harvard says that returning to work at the University is not possible, but offers the possibility of a financial settlement, an offer Gino promptly rejects. Having rejected the opportunity to go quietly, Gino shortly thereafter receives a letter from President Gay informing her that the ‘Third Statute’ tenure review process is now underway, proceedings to revoke tenure which apparently had not previously been invoked in the nearly 400 years since Harvard’s founding. Gino is told that the basis for the launch of the tenure revocation review was a ‘painstaking and comprehensive process’ which relied on the conclusions of the Maidstone report which provides ‘clear and convincing evidence’ of academic misconduct. So before Gino has a proper opportunity to respond to the Maidstone report with the benefit of expert advice, Harvard has already accepted the report as fact, a report which becomes the basis for the University seeking to revoke her tenure. Fourteen months later, Gino and her forensic expert respond to the Maidstone report with a detailed 93-page analysis identifying serious flaws in the report which they deliver to the Hearing Committee on August 1st, 2024, with the University required to respond under the Third Statute rules by August 16, 2024. On August 16th, 2024, Harvard effectively withdraws the flawed Maidstone report, and over Gino’s lawyers strong objections, submits a new 230-page report from Stanford Sociology professor Jeremy Freese who has new theories of research misconduct in Gino’s work. The submission of the Freese report is the first time Gino and her counsel are informed that the University is no longer relying on the Maidstone report for their tenure revocation process, and the first they learn of Professor Freese’s involvement. The rules of the Third Statute proceedings provide that discovery is now closed impairing Gino’s and her expert’s ability to respond to these new allegations, but the rules somehow allow the new claims and evidence in the Freese report to be submitted by the University. Bear in mind that Gino and her forensic expert had spent the previous 14 months preparing its response to the Maidstone report at a cost of $2 million. Now that work has effectively been tossed aside, and she is now asked to respond to a new expert who brings in new evidence with new theories of wrongdoing and new hypothetical scenarios of academic fraud, and she is not given access to needed additional discovery. Gino is given one month to rebut the Freese report. She asks for more time and for additional discovery, and both requests are denied. To make a very long story short, the Hearing Committee thereafter concludes that Gino is guilty as charged and the University revokes her tenure on May 20, 2025. Now imagine you were accused of a crime by a company you work for, but you are not allowed to know what the crime is. You are limited in your defense to hiring two people – not two law firms – but two people. The company has $50 billion of financial resources. You are a relatively senior employee but with limited resources. The company hires a forensic expert and armies of lawyers that work through terabytes of data and concludes that you are a crook. Exonerating evidence in the possession of the company is destroyed by the company’s failure to preserve data. You are not allowed to hire your own financial expert and lawyers until after the company concludes that you are guilty. At this point, the ship has sailed and the Titanic does not turn on a dime. The press has already convicted you in the mind of the public. After your reputation is in tatters, you are able to begin to marshal a defense. You are able to dispute each of the various conclusions of the company when you finally can hire your own expert, but the company ignores your defense and at the eleventh hour, hires a new expert and comes up with new theories of wrongdoing. The company gives you 30 days to respond to the new report, but it is not feasible for you to adequately respond because the discovery period is deemed ended by the company and 30 days is not nearly sufficient time to investigate and respond to the new allegations. You have been fired, the first employee in the company’s nearly 400-year history to be fired by a special Third Statute process, and you can’t get a new job because your reputation has been destroyed. You have four small children to support and your financial resources are gone. What would you do? You would sue the company in a real court of law where the Constitution and legal precedent protects you. And that it what Gino has done. Discovery is supposed to be completed by the end of this month with a trial scheduled this coming December. When Francesca reached out to me in June of 2024 for help, I was sufficiently compelled to do so. We have been funding her legal and expert costs since that time, and we will provide whatever resources she needs to clear her name. The problem with big institutions is that they are massive bureaucracies which occasionally put aside the core principles on which they are founded because they are embarrassed, because they are busy, and/or it is easier to ignore the harm they may cause to the little guy in the interest of protecting their reputation and/or avoiding further distraction to leadership. They also often assume that the little guy will eventually give up and/or run out of resources to keep fighting. I am going to make sure that doesn’t happen here. I learned a lot when I went to Harvard. I am applying what I learned at Harvard to protect Harvard from itself and to help someone who needs help because Veritas matters. If Harvard would like to resolve this outside of a court of law, I am here to help. Sadly, my guess is that Harvard won’t call as they are too proud and pot committed.

@unusual_whales Get invested. Get started. Own assets. You need to own assets to keep up with inflation

What is your best financial advice for someone in 2026?