Joel Knee

@ZynxBTC I fully get your point, but can you elaborate what's the actual concern here? In a 30-day window, what's the difference between 15 days under par or 25 days?

I will die on this hill and it requires urgent attention. I have found a fundamental flaw in the mechanism Strategy uses to adjust $STRC's yield and I cannot unsee it. The 30-day VWAP framework is grossly inadequate and hides the truth about the health of the product. Around ex-dividend dates there is a well known arbitrage play. Traders buy $STRC in the days before the record date to capture the dividend, artificially inflating both price and volume in that window. Because VWAP is volume weighted, those high volume days near par carry disproportionate weight in the calculation and it's a small distortion. Volumes around ex-dividend dates are dramatically higher than on a typical day, meaning those few days can dominate the entire 30-day average. The result is that the 30-day VWAP can sit comfortably between $99 and $100 even when the product spends most of the month well below par. The framework says performance is healthy but in actuality it is not. Moving to bi-monthly dividends will help by compressing the arbitrage window, but it does not fix the underlying problem. The distortion just happens twice a month instead of once. Days at par is a far better metric to evaluate. It asks one simple question. How many days did the product actually close at or above $100? No volume weighting or dividend arbitrage distortion, just a binary answer to whether the product is functioning as intended. This needs to be fixed ASAP and I hope @saylor considers revisiting this guidance.

@TJ_Research 最近开始定投MSTR了。 很多人把投资看成了游戏，老是去追版本。不是说追版本挣不到钱，但短线和长线是两种游戏，而且我觉得短线更难。

今天你抛弃比特币，明天你将会被比特币抛弃

@yifaer_chen 竟然看哭了OwO 发发你已经做得很好了，不要对自己太苛刻。

每年5月20号，我妈都会给我转账520块，备注是“永爱我娃”。 那天和妈妈一起去了上海的一个景点，叫日落长廊。 上海平时没有什么蓝天，白天景色总是差点意思，但每到夜晚灯亮的时候，非常美丽。 外滩很长，两岸都好看，离我家也近，走点路就到了。 我妈常说上海这么漂亮，我天天宅在家里，也不出门，实在太浪费了，真白住在上海了。 她还经常问我直播还做得下去吗，衣服还卖得动吗，做不下去别做啦。我怀疑我妈是不是偷偷趴在门口偷听我直播，一阵子没听到谢礼物，就很担心我入不敷出。 妈妈给我缴了好多年的社保，我说别缴啦，估计多半是领不到啦，好说歹说停了几个月。结果前阵子她又悄悄给我补缴了，她说帮你缴满30年吧以后有个保障。 她问我未来有什么打算，不行要不就和妈妈一起回重庆吧，起码消费便宜一半。 我说我也不知道啊。我感觉自己总是在等，等一个更好的时机。比如等自己瘦一点身材练得好一点再去海滩玩不然拍照不好看。比如等财富自由了，买几套大房子，还要带父母出去环游世界，大家都说带父母出去旅游最好是坐邮轮，我还在想那时我起码得包三个房间吧，因为爸妈离婚了各自有了对象。或者等股票翻倍了，不要天天操作了，再不碰杠杆了，不买中高风险的标的了，整点儿债券货币基金或者当个朴素的吃息佬得了。 等来等去，妈妈都老了。我好怕妈妈变老啊，我带她去打水光针，去做热玛吉超声炮，去染发。我们一起拍照，我给她修图，我这么专业的技术，怎么也不能把妈妈修成我刚认识她的样子。我好没用啊。

@RyanEndoh @DavefromTO @RM_Transit @JohnTory 3 days in a row my train gets stuck at Yonge & Bloor. But it's rare. Definitely not a crisis. I hate delusional people as much as ttc.

"Toronto transit is not in crisis?" Shameless & disgraceful comment that is. Transit between Eglinton and Bloor is significant slower on average compared to pre-COVID, and there are actually less people commute via TTC. TTC is a fucking mess. 401 and DVP drive people nuts. Yeah, but Toronto transit is fine. Fuck off.

Toronto is too slow. This subway line moves more people than the 401 and it appears to operate worse every single year.

@moretransitso Waste of money and time.

We're very disappointed to see that the initial pilot project to install platform edge doors on the subway has been downgraded to metal fences (seen in NYC), paired with track detection systems. This does not provide the full benefits of Platform Edge Doors. 1/x

@ZynxBTC at this level why dont they sell some BTC and buy back stocks?

To my brothers in Japan... It doesn't make sense for a company to make tens of millions of dollars in profits every year and trade substantially below NAV. There are 40,177 Bitcoin on the balance sheet. Market cap mNAV = 0.75. EV mNAV = 0.88. Hold the line.

用张指导的话说，马刺打球没有雷霆合理。 打转换三分两队都很擅长，但落到阵地之后，雷霆的解法比马刺要多非常多，这一点不能光用sga吸引包夹来解释。事实上昨天sga发挥很一般，失误比平时多不少，说明马刺对他的防守已经很到位了。雷霆的进攻，经常能打出类似巅峰巴萨tiki taka的感觉，因为传球+无球跑比运球要快得多。 马刺的阵地进攻除了想办法给文班空接，主要就是拉开单打。我不知道这主要是mitch johnson的能力问题，还是场上年轻球员的执行力问题。 另外一点就是，文班在进攻端其实是游离于马刺体系之外的。弧顶三分不稳定，背身单打力量不足，正面攻框威胁很大，前两场还开发出来了一个自抛自抢，但靠这一招打死雷霆不现实。无论是哪一种方式，依旧是iso为主，上乘的挡拆战术见得不多。 马刺最近三场的后场篮板也漏得非常多。文班的体能是一方面，对面的超常规动作是一方面，但马刺整个团队需要多找找自己的问题。

马刺对比雷霆，最大的差距是执行能力，非常多随意的处理，这是它们没有办法把优势转化胜势的原因

@TTChelps @on_the_fritz999 Diagraceful tbh. Day in day out. Olivia Chow had the audacity to take pictures with her supporters at College station yesterday. 😂

@on_the_fritz999 Hi Fritz, we sincerely apologize for the uncomfortable travel experience this morning. I have shared your comments and concerns with the appropriate team. ^SR

Another day, another terrible experience on @TTChelps Rush hour, inhumanely overpacked trains, and “speed restrictions” making a usual 20-25 minute ride an unbearable 40-45 minutes. @oliviachow you claim this is a world class city. 😒

@TJ_Research 就是周期性，不接受任何反驳。

今天UBS大幅上调了 $MU 的目标价，从$535到$1625。给出了27/28/29的EPS预期：155/167/117 根据117的EPS，给了15倍的P/E 问题是如果EPS从28年断层下跌到29年的117，恰恰证明了仍然是周期性行业，你需要看到的是不断同比增长的15%+的EPS增速。说实话，现在判断29年鬼知道会发生什么，但通过这3年的EPS预期，我并不认为可以得出RE-RATE的结论

@zshbleaker 我们TSLA股东还活着，要哭还轮不到NVDA的股东们😂😂😂

别人已经在闪迪美光吃成巨人观了，我们 NVDA 股东究竟还能发财吗🤡

@NotSlotaClue Mama's issue has never been saving shots, actually he's amazing from that perspective. But he's not a modern day GK for top teams.

Giorgi Mamardashvili faced 4.9 shots on target per 90 this season. Jose Sa who finished bottom with Wolves, 4.2 shots on target per 90. There is your issue folks.

They calling the Thunder’s signature move the “Smooth Criminal” 😭😭😭

@EBL2017 A level-headed writeup, thanks. From late-90s when I started to watch football, England never had a "balanced" squad. They always struggle with keeping all the superstars happy, and their squad always have some obvious weaknesses. Good luck Mr Tuchel.

🚨 Let me take you inside the mind of Thomas Tuchel… 💭 Tuchel prioritises profiles over names. Gareth Southgate tried to fit all of the best names into the team to start the Euro's last time around and that resulted in England playing poorly in every game in the entire tournament. Alright, they got to the final, but they were seconds away from being KO'd by nations like Slovakia and Switzerland which would have been a natural disgrace. The media said 'you have to play Foden, Trent, etc'. Tuchel doesn't buy into that primitive way of thinking, and rightly so. He has a tactical system and the players must fit into that. It's a 4-3-3 base with a #6, #8, #10 balance in midfield. Rice has freedom to 'feel the spaces' and play slightly lower than the #10 who must stay high and between the lines. However, the balance in each wide triangle is the priority. On each side, when England have the ball in open play, there must be 1 player high and wide, 1 player high and between the lines in the half space, and 1 player low in a central position at the base of that triangle. This gives England the best possible balance to interchange, combine, rotate, occupy the 5 lanes across the final third, AND maintain compactness in defensive transition in the initial line of counter-pressing and in the second line of managing the defensive transition. Within those triangles, each player must be comfortable in each area (high and wide, in the half space between the lines, and at the base of the triangle) whilst each collective trio offer a balance of showing to feet and running in behind. Take the left triangle, for example. O'Reilly can play in each of the three areas but also run in behind. So can Gordon and so can Rice. On the right, the same is true for James, Saka, and Rogers. With Kane as the #9, England will need players who penetrate the space in behind the defensive line as he drops deep to link play (this might explain why Palmer, for example, missed out). But football is not just a 'with the ball' game. You need to excel defensively, too. Tuchel's England press in a diamond shape from the goal kick. To press zonally, you need reliable defensive players, especially alongside someone like Kane. Saka, Gordon, Rice, and Rogers are some of the most reliable defenders in the game. The same is also true for Bellingham. Gibbs-White would have been closer to selection than Foden and Palmer for these reasons. Not only does he run in behind more, but he is also a much better defender. Similar can be said for Mainoo in midfield over Wharton. Mainoo has played that exact pressing role at the tip of Carrick's diamond at Manchester United, so he is an apt alternative to Declan Rice should he or Elliott Anderson get injured/suspended (Rice could then play in the #6 with Mainoo as the #8, for example). England also try to transition into a man-to-man press at times or they defend low in a 4-4-2, and they do this via a central rotation (centre back jumps to the #10, #6 jumps to the #6, and the #10 jumps to the centre back – think Guehi, Rice, and Rogers). Tactical discipline and collective balance relative to Tuchel's system is why he has made some eyebrow raising selections. He likes Spence at fullback because he can play in the 3 lanes in the left triangle and provide cover at right back if James/Livramento get injured. Burn can also provide cover at left back in that context. Someone like Henderson in midfield is unlikely to get many minutes (if any), especially because Rice is versatile to play in the #6 and #8, but his presence is crucial in the camp because of his leadership qualities. Similar can be said for Dan Burn. Levi Colwill is a better player than him, but Burn is #1) heavily underrated and #2) an incredible standard setter and character. Harry Maguire will feel unfortunate to have been left out because he profiles similarly to Burn whilst being a better player, but he is not as versatile to cover at left back in case of an injury crisis. Quansah is also positionally versatile. It could even see Reece James play in midfield at some point because of the presence of lots of right back profiles in the squad (Konsa included). An argument can certainly be made for a guy like Harry Maguire to be in the squad over John Stones, for example, and I can see that, but the reality is Stones also happens to be a special player who has incredible experience at the highest possible level. Tuchel has had the luxury to leave out Maguire, Shaw, Foden, Bowen, Gibbs-White, Trent, Wharton, Palmer, Colwill, Hall, and others I'm sure that I'm forgetting like Welbeck and Calvert-Lewin… there was always going to be uproar or unhappiness at certain choices with that level of depth at his disposal. However, from Tuchel's perspective, he strives for balance relative to his system and style of play. I think it's a risk to not bring another left-footed fullback over someone like Spence, for example, as that can negatively impact build-up dynamics as he gets trapped on his right foot (especially with Guehi being right footed on the left too), but outside of that the squad makes a lot more sense to me than it seems to to the average person… Tuchel will give England balance at the World Cup and they are one of the favourites to win it because of that. They have always had the talent, but now they have guaranteed tactical balance on top of that. Something Southgate failed to provide at crucial moments in previous tournaments (despite doing a good job overall).

I'm not crying. 😭

@rajsinghchohan @_pauljoyce Do you think he will return to Liverpool?

@_pauljoyce Prediction is he’ll be back in the premier league in summer 2027

Trent Alexander Arnold expected to be left out of England squad

@dontscrewuup 隔扣那一下太帅了，很多失误也不都是他的锅。没了哈珀基本就交代了。

@joel_knee 这一场出了城堡都很疲惫 注意力不太集中。而Castle真的是太太太难了 又要控球又要铁血防守又要攻框

朋友们！这场可能比G1还好看！！太平洋那边的都别睡了！！！Go Spurs Go!!!!

一个纯写代码的，何德何能去获得几倍甚至于几十倍的median wage？能吃十几年的红利不错了。 当年在加拿大阿尔伯塔省能源工业的，每年工作六个月，工资超高（3-6倍平均工资），也是踏上了时代的风口。 我们的目标，应当是在所在领域之内成为top X%的佼佼者，而不是纯吃行业红利，然后在下行期惶惶不可终日。 Regression to the mean always happens.

我今天在思考一个问题 那么多还在拿大package的人，不知道有没有想过大package能撑多久。一年前还是百万年薪，突然公司就说“We are grateful for your contribution. However, your position is no longer needed, we’re sorry” 这种状况，有多少人有心理准备面对，对社会结构会造成什么破坏

Wemby really made the SAME SHOT in the SAME BUILDING as Steph a decade ago 🤯 Both in overtime too 😮 (h/t @WorldWideWob) #nba #basketball #spurs #wemby #curry