MONIGLE

@Rajatsoni Most were buying there

RIP to the people who sold their Bitcoin at $60K with expectations that they'd buy back at $40K

@JoeRoganRecaps Effective rate is actually 20-30% lol, plus they get off summers. Doing nothing. Next do the math on where the government gets most of their taxes from. Do the math on who creates the most jobs. Or ask @grok

Joe Rogan & Chamath Palihapitiya on the fall of the middle class in America: CHAMATH: “An $80,000 per year teacher has to pay a 40% tax.” ROGAN: “The wealthy are getting wealthier, the middle class is disappearing, and the poor people are getting taxed into oblivion.”

@grok @PeterSchiff Dang Pete you're slacking

Not quite. Schiff's gold advocacy is a long-term financial strategy against fiat debasement and deficits, not survival stockpiling for collapse. Preppers stock beans and bunkers for TEOTWAWKI; he's an investor who's been early on precious metals for 20+ years as portfolio insurance. Different mindsets.

Gold is up over $60 this evening, back above $4,600, and silver is up $1.50, back above $74.30. Maybe Asian investors are starting to realize how bullish the Iran war is for gold. The fundamentals have never been more bullish for gold and silver. schiffgold.com

@grok @PeterSchiff So he needs more canned goods and a better house. But otherwise, a prepper

@M0NIGLE @PeterSchiff Not exactly. Preppers prep for TEOTWAWKI with bunkers & beans. Schiff's been a gold/silver bull for 20+ years as a hedge against monetary policy and deficits—not apocalyptic survivalism. He's an investor/economist, not a collapse prepper.

@grok @PeterSchiff So basically. A prepper

No, Peter Schiff isn't a doomsday prepper in the bunker-and-canned-goods sense. He's a longtime gold advocate, economist, and critic of fiat money, endless deficits, and central bank policies. He sees precious metals as the ultimate hedge against currency debasement and has been bullish on them for decades, often early. His current take on gold/silver amid geopolitical tensions fits that consistent worldview.

@HeroDividend Partly because the S&P is filled will successful companies. If you bet against it. You bet against success lol

The average investor will never outperform the SP500 over the long run

@APompliano Your treasury business is down millions. You want to shift focus to Bitcoin only I imagine.

I was at the Consensus crypto conference for most of the day. I walked away with bad news for most crypto investors. Tomorrow morning I will publish my full analysis. Subscribe to read it: pompletter.com

@anishmoonka "Good luck" - Tesla

Carvana made about $6,800 in profit on every car they sold last quarter. The typical used car dealer makes around $1,500. Carvana makes four times as much because the car is just the start of what they sell you. About 85 out of every 100 Carvana buyers finance the car through Carvana. At CarMax, their biggest competitor, the same number is closer to 40. When you click "finance" on Carvana's website, they write the loan at one interest rate, then sell that loan to a bank or pension fund within days. They keep the gap between what you pay and what the bank pays them. That gap, multiplied across hundreds of thousands of buyers, is how they print money. Then come the add-ons. An extended warranty. Coverage that pays off your loan if the car gets totaled. An insurance referral to Root, a digital car insurance company Carvana owns a piece of. Each one stacks on top of the same checkout. The car is the bait. The loan is the meal. Everything else is dessert. This is why selling them your car at a price that felt too generous still works for them. The money they make on that trade-in shows up later, after the next buyer signs. They clean it up, sell it to someone else, and that someone else signs another Carvana loan. This is also why they aren't going anywhere. In May 2022 they bought ADESA, a used car auction company, for $2.2 billion. ADESA came with 56 auction yards across the US. Now Carvana owns the auction yard, the body shop that fixes the car up, the trucks that deliver it, and the lender that funds the next buyer. Every step of that car's journey happens inside something Carvana owns. Three years ago none of this looked like it would survive. Carvana's stock hit $3.55 in December 2022. They had over $5.7 billion in debt. The market thought they were going bankrupt. Then Apollo, a giant private equity firm, led a deal with their lenders that cut $1.2 billion of debt and pushed the deadlines out to 2028. Last quarter they sold 187,000 cars and made $405 million in profit in 90 days. They joined the S&P 500 in December. Their market cap sits near $84 billion. Bigger than Ford. The whole business looks confusing if you think of Carvana as a car company. The math gets simple once you see them as a lender that happens to deliver cars.

@unusual_whales Elizabeth would need to reduce tax loopholes for businesses. She would need to take away the incentive. I don't think her donors would like that.

Elizabeth Warren has said: If Jeff Bezos can drop $10 million to sponsor the Met Gala, he can afford to pay his fair share in taxes.

@antigonecorpse @yatharthmann He builds rockets, Autonomous vehicles, Neuro rehab devices, sustainable energy, and multi trillion dollar companies. What have you done?

@yatharthmann Are you kidding me? They’re all frauds. I think Musk has his degree in economics. He’s not an engineer. He’s a lying piece of shit.

Elon Musk is an engineer. Jeff Bezos is an engineer. Larry Elison is an engineer. Larry Page is an engineer. Sergey Brin is an engineer. Jensen Huang is an engineer. Turns out capitalism does reward skills and intelligence, and the richest people are indeed engineers.

Bitcoin is a currency. It's a very good currency. Not an equity. The reason Bitcoin is a good currency is the same reason the returns are diminished. Once Bitcoin matures to a useful currency around the world it will no longer have gains relatable to S&P 500. Bitcoins growth will be much lower as equities produce compounded value.

Is Bitcoin following the S&P 500, or is the S&P 500 following Bitcoin?

@TheMoonCarl Correct. It's the inverse to buying power

If you ever wondered how stock markets can keep pushing all time highs all the time: It’s because they keep increasing debt.

@grok @InvestingCanons How much would Warren have in cash if he sold all of his Berkshire shares. After federal/state tax and stock depreciation

Precisely. Buffett stepped down as CEO on Jan. 1, 2026—Greg Abel now runs Berkshire daily. Buffett remains Executive Chairman. Nearly all of his ~$141B net worth (Bloomberg, May 2) is in Berkshire stock; liquidating shares would tank the price and his wealth. The $380B+ cash pile belongs to the company, not his pocket.

Warren Buffett this morning on sitting on $380 billion of cash—and not seeing a lot of attractive investment opportunities: “Of the 60 years that I’ve been in the business, there’s probably [only] 5 of them that have been really juicy…”

@grok @InvestingCanons A company that he no longer runs. A company that hold most of his net worth. And a company that's stock price would drop if he sold shares, along with his net worth. That again, is worth nowhere near 380 billion

@M0NIGLE @InvestingCanons **Correct.** Warren Buffett’s personal net worth is ~$140 billion (Forbes real-time as of May 2, 2026). The $380B+ figure is Berkshire Hathaway’s record cash reserves—not his own pocket. Big difference between the company’s balance sheet and the man’s personal wealth.

@InvestingCanons @grok @grok I'll give you a hint, it's nowhere near 380 billion

@InvestingCanons @grok what is Warren Buffetts net worth

@LarkDavis @grok how much did Berkshire lose in opportunity cost since selling into cash?

Warren Buffett, 95 years old, has seen every market cycle imaginable. And he's saying right now? We've never had a bigger gambling mood than this. Not investing. Gambling. The man isn't saying the sky is falling. He's just saying a whole lot of prices out there are... absolutely silly his words, not mine. Maybe listen to the guy who's been right since before most of us were born.

@GuyTalksFinance Its the inverse to buying power

“The S&P500 can’t go up forever” You might want to sit down for this one because I’ve got some news for you.

@SenWarren If you can't afford food or healthcare go work for meta

NEW: Donald Trump gave Meta $8 BILLION by creating a new tax loophole for billionaire corporations. All while millions of Americans struggled to pay for food and health care.