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@gothburz @OliLondonTV

Oli. Thank you. I have been saying this for two years and people look at me like I'm insane. I started tracking this in 2024. I built a spreadsheet. The premise is simple: if your net worth exceeds the net worth of the person you're criticizing, your criticism is void. It's basic logic. You cannot punch laterally or downward on the wealth axis. Only upward. I call it the Credibility Differential. The spreadsheet now has 4,200 entries. Every public figure who has commented on wealth is cataloged with their estimated net worth at the time of the statement and the estimated net worth of the person they referenced. If the ratio is below 1:1, the statement is flagged as hypocrisy. If it's above 1:1, it's legitimate commentary. I have not taken a vacation in nineteen months. The complications started in Q3 2024. Some people's net worth fluctuates. Musk was worth $240 billion in January and $190 billion in March. This means a person who criticized him in January from a position of $200 million was punching up, but the same person making the same criticism in March was operating at a ratio of approximately 1:0.95, which is within my margin of error but technically lateral. I had to add a "time of statement" column. Then a "market close" column. Then an "adjusted for illiquid assets" column. The spreadsheet has forty-seven tabs. My wife asked what I do all day. I said "calibration." I recently had to flag myself. I commented on a local car dealership owner's Facebook post about the economy. His estimated net worth is $2.3 million. Mine is approximately $2.1 million. This is a ratio of 1:0.91. I was punching laterally. I deleted the comment immediately. I then had to decide whether my comment criticizing my own comment constituted a new entry. It did. I logged it. The system must be consistent or it means nothing. You are one of the few people doing this work publicly. According to my data your current estimated net worth keeps you credentialed to critique anyone above approximately $4 million. Guard that number. The moment your net worth crosses a threshold your entire archive becomes void. I check mine weekly. Some mornings I wake up and the first thing I do is check whether overnight market movements have disqualified any of my recent tweets.

Gwyneth Paltrow, who is with $200 million, complains about “super rich white dudes.” “Now all that matters is these kind of super rich white dudes who are breaking rules, setting rules- seemingly like not caring so much about the downstream impact on everything that they say.”

BREAKING: Iran says the strait is closed. BREAKING: Trump says the strait is open. BREAKING: Hegseth says the strait is open. BREAKING: Bloomberg says 3 ships crossed. BREAKING: Iran says those 3 ships are Iranian. BREAKING: Maersk says it needs clarity. BREAKING: The strait is a philosophical concept at this point. BREAKING: A fourth ship attempts to cross. BREAKING: The fourth ship turns around. BREAKING: The fourth ship's captain says he "needed to think." BREAKING: Insurance for the fourth ship is now $47M. BREAKING: The fourth ship is still thinking. BREAKING: Trump posts on Truth Social that Hormuz is "TOTALLY OPEN, BEAUTIFUL, LIKE YOU'VE NEVER SEEN." BREAKING: 800 ships remain trapped in the Gulf. BREAKING: Trump posts again that this is Biden's fault. BREAKING: Iran announces tolls of $2M per ship. BREAKING: Iran announces tolls must be paid in crypto. BREAKING: Iran has not specified which crypto. BREAKING: Someone on CT says it's XRP. BREAKING: XRP is up 34%. BREAKING: It is not XRP. BREAKING: Russia and China veto the UN resolution on Hormuz. BREAKING: Russia proposes an alternative resolution. BREAKING: The alternative resolution does not mention Hormuz. BREAKING: Nobody is surprised. BREAKING: Israel bombs Lebanon. BREAKING: Iran says this violates the ceasefire. BREAKING: Trump says the ceasefire does not cover Lebanon. BREAKING: Netanyahu says the ceasefire does not cover anything Netanyahu is currently doing. BREAKING: Ceasefire is now 11 hours old. BREAKING: Iran closes Hormuz again. BREAKING: Hegseth says the strait is open. BREAKING: Trump floats joint US-Iran toll venture to manage the strait. BREAKING: The White House clarifies Trump was "just thinking out loud." BREAKING: Iran says it will consider the proposal. BREAKING: Trump says Iran's 10-point peace plan is "not good enough." BREAKING: Trump says it is "a workable basis." BREAKING: Both statements were made within the same hour. BREAKING: 20,000 seafarers are still trapped on ships inside the Gulf. BREAKING: The IMO says the priority is evacuation. BREAKING: Iran says passage requires "coordination with armed forces." BREAKING: Nobody has coordinated with the armed forces. BREAKING: Hegseth says the strait is open. BREAKING: The strait remains closed. BREAKING: This is day 41. BREAKING: We will keep you updated.

Warren Buffet back at breakeven, me closing out the balance of my position, thank you for your attention to this matter

An all-time classic radio moment. I don’t know who this caller was, but the lines, his delivery and timing were sheer perfection.