gm! A little sick so excuse my sniffles. But investing never sleeps so I felt compelled to give you a very small preview of #InvestorHound, a stock locator app that will serve many facets of the investing world. Can't wait to share more. Here I zoom into my location. 1000+ stocks! @MSmicrocaps@InfoArbMonitor@majgeoinvesting
Bill Maher: “90% of Iranian oil went to China. Venezuela, which we took over. A lot of that oil. Remember what caused Japan to attack Pearl Harbor? It was that we cut off the oil. That’s why they said they had to preemptively attack Pearl Harbor. Do you think China’s going to see this as that kind of threat?”
Lloyd Blankfein: “If things go a long time.”
Anthony Scaramucci “Iranian ships have been going through [the Strait of Hormuz] for China.”
Bill Maher: “The Iranian ships are getting through?”
Anthony Scaramucci: “The Iranian tankers have been getting through… We are letting them through because we don’t want to escalate the situation with China.”
I sold bitcoin to:
- Hike the entire appalachian trail from beginning to end
- Become the first investor in a company that would employ 58 people and give the founder an 8 figure exit
- Buy an income stream that meant I never had to have another job
Yea, it was worth it
Panamanian President Jose Raul Mulino said he wants to host a summit of 17 Latin American presidents to discuss the political situation in Venezuela and support democracy in the country following its contested election late last month reut.rs/3LX5fy4
Rutgers lost $54 million in college sports last year*. UConn lost $30 mil. UCF and Houston lost $40 mil. Athletics is a money pit for all but a couple dozen schools, with the median losing $16 mil/year.
The settlement with college athletes adds another $20 mil expense. Growing TV money will not solve the problem; expenses always climb faster than revenues.
Every pro league has robust cost containment provisions to make them sustainable. History shows that without them the pressure to spend is too great. The irony is college athletics, run by nonprofit institutions, has minimal rules. And thus schools, funded by tuition and student fees, blow their brains out trying to compete.
College sports is the ultimate zero-sum competition. Only one school wins the championship each year. Half will have a losing record. Universities must use this settlement as a catalyst to install fiscal discipline into the system.
* Accounting for college sports is murky, with scholarships billed at list price and some non-athletic donations come due to sports. It's also true some donations that would have gone to academic mission are allocated by donor to athletics dept. That said, college sports loses a lot of $ for most schools.
2020 has been a banner year for SPAC’s with over 100 SPAC IPOs closed this year thus far raising over $40 billion. With all of this capital waiting to be deployed, many companies are considering going public via a SPAC as an IPO alternative. Reach out to learn more.