@dilanesper Financial literacy education is dumb. If you can do algebra then you don’t need finance course work. If you can’t do algebra then you probably won’t understand a financial literacy course
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Sean DiTullio
205 posts
There are legal protections for child stars to ensure they don't blow all their money. But there's not much you can do about it once someone turns 18.
The best I can say here is we need a lot more financial literacy education. But even then, some people just spend money.
Garrett Hickey #INVICTA@Coach_Hickey5
Ding. Ding. Ding. It’s not the top kids that this system will fail. It’s the kids who make $500k and then $600k. They graduate, their careers sputter out and then go to get an office job and make $75k. What are they going to do then. The ncaa won’t care…
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@lt4kicks It really just subsidized Olympic sports. Paying revenue sports does cause a lot of issues. Elite athletes nobody watches were funded by elite athletes people like to watch.
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Built a multi billion dollar industry on unpaid labor (college athletes).
Now paying them is unsustainable? That is not a system problem, that is accountability.
It’s not about economics it’s about control. The only thing unsustainable is a model built on uncompensated labor.
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@AnnalisaPullig @jjmaples55 They don’t need the degree. IMO studying college football/basketball > harder and more intellectual than 80% of academic degrees
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@jjmaples55 You assume these kids GOT their degree. Transferring 3 times in 4 college years does not make for a complete bachelors degree.
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75K salary with 500k as a windfall with no student loans is an absolutely wonderful place to be at 23 years old lol.
This is what out of touch looks like
Garrett Hickey #INVICTA@Coach_Hickey5
Ding. Ding. Ding. It’s not the top kids that this system will fail. It’s the kids who make $500k and then $600k. They graduate, their careers sputter out and then go to get an office job and make $75k. What are they going to do then. The ncaa won’t care…
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@dilanesper A living constitution would be a very viable argument for ending birthright citizenship today. No prior law was written with today’s transportation tech existing. The SC could just end birthright without any prior legalese
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What happened is after the 14th Amendment was enacted by radical Republicans who thought they enacted a birthright citizenship rule with only narrow exceptions, the racists who lost the civil war tried to neuter it with the same arguments a few right wing law professors make now.
John Bresnahan@bresreports
Trump officials cite white supremacists in bid to end birthright citizenship washingtonpost.com/politics/2026/…
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@deaidras @Mike_Peters_LGM Why shouldn’t they be? Intentional death of another?
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@SeanDitull16772 @Mike_Peters_LGM Overdose deaths have never been considered murder.
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NYC murders per year:
1955: 306
1965: 634
1975: 1645
1985: 1384
1995: 1177
2005: 539
2015: 352
2025: 303
NYC is safer now than it has been in many decades.
Yet the average Boomer New Yorker will try to convince you that crime is worse now than it was in the 70s, 80s, and 90s.
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@dilanesper Perfectly fine taking the other side. I’m not sure the Trump admin can win. For practice purposes in the 21st century birthright needs to end. Con Law has been make up as you go for a century so they could do anything.
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Prediction: the birthright citizenship case is 8-1 or 9-0 against the administration, on the constitutional issue. There's a lot of wishful thinking about "they'll make a statutory holding" but i think this will be a sweeping affirmation of the 14th amendment.
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@avidseries The sciences should do DEI. A legitimate argument can be made that politics and corporations need to push up some DEI candidates to be representative of the people they govern or are customers. If Nike is selling sneakers to a community a 1300 SAT kid of community may be better
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@jliemandt The math SAT is too easy. Obviously they are not bad at math. But they probably shouldn’t be getting near perfect scores. They’re not just a little less good at math than Terrance Tao and the SAT should be. Differentiating that.
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Update: The final college decision just dropped.
Girl 1: Stanford
Girl 2: Stanford
Girl 3: Northwestern
That is three for three at Top 10 universities for the girls who were supposed to be "bad at math."
liemandt@jliemandt
SAT scores were released today. Three girls in my Alpha High group were described by their parents as “not math/science girls.” They’ve been focused on other pursuits—launching a Broadway musical, competing for Miss Teen USA, building millions of TikTok followers, and becoming a nationally recognized teen dating expert. Their SAT Math scores: - Girl 1: 790 - Girl 2: 790 - Girl 3: 790 Place kids in the right environment, and they’ll shatter every ceiling you thought existed.
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@JacobME @APompliano College is basically free for non-rich kids now at any top school. People only go into debt for attending poorer schools without endowments instead of choosing a state school or for excessive and expensive graduate programs
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Most students graduate with tons of debt. How exactly is she going to “change the trajectory of her entire family”? 🤣 Come on now, let’s get realistic. College does not make the person and typically only puts you into a mental straitjacket, as proven by all the best entrepreneurs never having gone to college.
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This is incredible.
Watch this young woman realize she is going to change the trajectory of her entire family.
She sits with her parents while she opens her Ivy League application decisions.
Congratulations to their entire family.
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@PaulSkallas Curious why it was never able to pivot as the Colorado of the east coast? Is it just a lack of skiing? All it would take is a few billionaires deciding it’s cool for a close vacation home to start vibing that
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highest homeownership rate in the country. 80% of people in the state own their homes. 60% of them without mortgages.
It resembles a southern european country in some ways. Inexpensive. mountainous terrain, shrinking population, hard for outsiders to integrate into the society. Tight knit clans.
Hunter📈🌈📊@StatisticUrban
I'll be honest you guys, I'm not really sure how much of a future WV has.
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@dilanesper Rich guys at Woods money usually have a Turtle friend that kind of freeloads but also knows his role in group is taken care of this shit
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this is probably true about Woods, but in general the notion that rich people who get DUI's are especially culpable because it is so easily avoidable for them is correct.
Yashar Ali 🐘@yashar
I keep seeing people say this. This wasn’t a one-time incident involving bad judgment…like someone going out with friends for a special occasion and things getting out of hand. This is someone who has repeatedly had this exact issue. At a certain point, this isn’t about money or access to a driver. It’s about decision-making patterns that don’t change. Someone who has repeatedly had this issue isn’t going to be thinking rationally in the moment. Not an excuse — just explaining.
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@ArtemisConsort Affirmative Action isn’t important in the sciences. It does have value in politics and some in business. A country needs elites from all groups of society to govern. You don’t need your engineers to be diverse
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Affirmative action makes racial discrimination rational, since the average Black or Hispanic doctor is less qualified than the average Asian or White doctor. Replacing this with a neutral threshold wouldn’t eliminate the signal value of race, but it would greatly reduce it.
Diane Yap@RealDianeYap
This is why my doctor friend tells everyone who will listen: "Do not gamble with your life. You want an Asian doctor. Don't take risks with doctors of other races. Jewish is fine too."
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@rich_toad I don’t believe CFA is for alpha. It’s good for guys who talk to retail to signify they have a minimum knowledge basis and are not complete idiots and giving advice (Series 7 barely anything)
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Has anyone looked at this?
Correlation between # of CFA charterholders at a fund and # of underperforming funds
Would tell us quickly if the CFA helps skills … or just helps marketing.
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@Steve_Sailer @SCP_Hughes I feel like all the European looking cities I like have zero concept of anti-massing
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@SCP_Hughes In Los Angeles, the now ubiquitous 5-over-1 apartment buildings were invented by architect Tim Smith in 1996 by figuring out the cheapest square footage legal under the new construction code. Yet, there's little interest in changing codes to lead to better looking buildings.
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Why do new buildings seem, on average, uglier than old buildings? We discuss some options:
- Survivorship bias: only the beautiful old buildings have survived (we reject this option);
- Cycles of taste: everyone always finds new buildings uglier (we mostly reject this too);
- Ornament became too expensive because of rising labour costs (we reject this);
- Ornament became too cheap because of mechanisation and then became low status (we reject this);
- Some sort of Protestant or Puritan anti-beauty inheritance (we are doubtful);
- Some kind of elite status game, perhaps a response to democratisation or elite overproduction (we think there is promise here, but serious work is needed on the details).
I discuss this and more with @Aria_Babu and @bswud.
Apple podcasts: podcasts.apple.com/gb/podcast/did…
Spotify: open.spotify.com/episode/2pIka6…
Youtube: youtube.com/watch?v=qvueKt…
YouTube
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@GregTSargent Get it done. These kids have their own countries that wants to give them an education.
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Awful: Stephen Miller is privately floating the idea of restricting funding for the public education of undocumented kids. This has long been a right-wing dream: They want to get SCOTUS to reverse Plyler v Doe and further chip away at 14th Amendment.
New:
newrepublic.com/article/208114…
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@dampedspring Engagement slop is bad. A lot of accounts with a lot of followers who post things that are completely wrong.
It would be nice if the algorithm had an ability to choose for quality an not engagement
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Story. In 1987 I remember a 6 week IB analyst assignment I had.
I got in super early, for IB, and went to 41 and 40 at 1 NY Plaza to get a realtime market update across all the Salomon fixed income and equity trading desks. Basic stuff like yields and changes from the prior day and verbal color. Then entered and printed it up onto a yellow 8 1/2 x 14 two sided sheet. Went to printing and made 200 copies and handed to distribution for senior bankers to get on their desk first thing. 99.999% of media and Twitter content is like this yellow sheet today. Practically useless.
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@BoringBiz_ The structure wrapper of a business has no effect on its valuation.
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@BoringBiz_ He’s basically wrong. Though I get what he’s saying. If the partnership build build a business where it can sold and all the old partners leave and earnings are steady then the partnership essentially has a terminal value that can be monetized.
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Former Goldman Sachs CEO Lloyd Blankfein on the difference between running a public company and a private partnership
From his conversation with Andrew Ross Sorkin from 92W
"In a private partnership, you get wealthy if you work there by your capital count rising. You do not care if you make it all in a 10 year cycle, or make it in 3 years and tread water for the other 7
You can make it evenly or make money in one year and lose money in the next. As long as after the 10 years, you have got it there
In a public company, its about your stock price. Your stock price is a function of your earnings times a multiple. And that multiple is predicated, in part, by the reliability of your earnings."
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@partners_road @Econosave @sean91237 Don’t call yourself a “hedge fund guy” if you don’t understand basic bond market dynamics.
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@partners_road @Econosave @sean91237 So you block people who point the obvious idiocy of your comment? The yield curve was very steep that entire time so Bowdoin probably paid 200 bps per year more issuing those bonds. So Bowdoin losing 20% over 10 years is a real loss. Don’t post slop please
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Bowdoin College in Maine issued 100-year “century bonds” in 2012 at a 4.69% fixed rate.
Who made that call?
Stan Druckenmiller, who is in charge of Bowdoin’s endowment.
One of his best “trades.” Every other top college should have followed his lead.
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