Dr. Tobias Fünke
4.4K posts

Dr. Tobias Fünke
@Jay_nomoney
Family | Liberty | Bitcoin | Nations | Law & Order | Cambridge University Finance Postgraduate












The biggest bullshit move by DHS in its history. So everyone on a O1 or H1B visa would have to stop working legally in the US, go back to their country and wait for years of backlog? This includes top scientists in our universities, founders of billion dollar companies (at least 3 just in our portfolio would be affected by the way). And if we look at individual countries it becomes even more bs. Indians would have to wait decades. Russians don’t have anywhere to go (there is no US embassy in Russia, hello?). This is the worst imaginable way to disrupt important work for the country and pretend you’re fighting some loophole.





The Department of Homeland Security announced Friday that it has now reached 12 consecutive months without anyone who crossed the border illegally being released in the U.S. “Twelve straight months of ZERO releases at the border. Under President Donald… w-j.co/s/437c7





Once in a while Schumer admits the plan out loud. Most recently in February of this year: "A path to citizenship for 11 million people who are here." (He’s been using the bogus '11 million' number for years).


I do have some thoughts on SBC as well. There were some special circumstances this Q, as you point out. And there was the recent expiry of the 2021 incentive plan (granted near the all-time peak), which removed a lot of upside optionality for management. The board may have felt compelled to do something to offset that impact. Also I feel that the senior leadership team is doing a hell of a job and deserve to get paid. It is also worth pointing out that $LMND has continued to leverage SBC (i.e. SBC / revenues has been on a steady downward trend). So as long as SBC continues to scale like opex and not like revenues I don't think there is a problem long-term. In my mind, the main problem here was one of optics. In an environment where investors are asking a lot more questions about SBC their guidance for a higher run rate of SBC invites questions like the ones I was responding to. If $LMND wanted to put these questions to rest permanently they could do what some other companies have done and set clearer targets around continued SBC leverage. But that is up to them. And to reiterate, in substance I don't think there is a problem here.










