peak

My pi day piku (3, 1, 4): Go around It Go across it

@judgeglock @sidprabhu Exactly. Don’t count tulips out yet. They could still make a come back. 🌷 🚀 🌙

@peak_finn @sidprabhu That is the EMH position

Japanese investors in the late 80s weren't wrong, they were just early...

@judgeglock @sidprabhu If you really think about it, there have never been any bubbles.

@peak_finn @sidprabhu The depression was real, but the stock market was not a bubble!

@kgreifeld Built to spill 🤘

so many Knicks shirts at the Bright Eyes show at forest hills. beautiful vibes

@DominicJPino Does that include growth of the assets over time? Like if I put in $1 in 1996 and take out $3 in 2026, that’s only 3.73% annualized.

And before you say, "they're just getting back what they paid in," no, they're not.

The "independence in old age" that government entitlement programs supposedly provide actually make seniors the most dependent of any age group on government.

@FCNightingale @sidprabhu Cool that Griffin paid almost double for his private residence than what the entire Citadel building sold for.

Former Citadel HQ, 131 S. Dearborn St. Chicago, Illinois, trades at 76% discount from 2006 sale price. Sold for $137 million. Purchased for $560 million in 2006. German bank BayernLB led a $448 million refinancing of the property in 2020. The buyer, Kohan, which built its business as a buyer of troubled shopping centers and malls rather than revamping office properties, is among the investors buying distressed downtown office buildings off the discount rack. 1.5M Square Feet Built 2003 @julie_kelly2 -Crain's #commercialrealestate

FYI. I thought I'd put on a tie for Solomon. But then he came in tie-less. So I was like, well, I don't want to overdo it. But that explains my, uh... dated way of wearing my shirt collar you see here in the thumbnail. I noticed it a few minutes in, lol.

@TickerHistory This is my quant

Long time Elon Investor Ron Baron compared SpaceX’s IPO to the early days of the Dutch East India Company’s (VOC) 21 year shipping monopoly in 1602. Peak VOC inflation-adjusted valuation, was ~$8.2 trillion. 4–5x larger than SpaceX’s current ~$1.8–2T valuation. VOC employed 70,000 people globally (nearly 400 years ago).  SpaceX employs roughly 13,000 today. The VOC created its own military forces, and even initiate wars around the world.  The VOC at its peak controlled an estimated half of all global maritime trade. Can $SPCX 10x?

@misterp55 @GRoditiD You feel our economic system doesn’t secure public health and well-being?

Worth repeating

@mihirpshah @conorsen Atl isn’t really a city but a collection of low density suburbs. Rail makes no sense.

We are at the point where even resistlib suburban moms near me have had enough. Sadly a new low for the regional civic leadership. Forgot arguing over Beltline rail or even a bike lane. This is becoming existential for non-car surface transportation here.

@sprainhill @TheStalwart Mamdanicore flexing

Awesome time getting to see Odd Lots live, or as I like to call it, my Super Bowl. Also wonderful to get a selfie with the legend himself @TheStalwart. I kid but I’ve just been a huge fan for a long time and it’s a fun community developing around the show.

@PeterRHann1 2026 KIA K4 GT-Line Turbo $28,390 Starting MSRP

I'm not a car guy. I'm missing something. Why the hate? Not sexy? Cyber Truck ain't sexy and people worship it. What is the issue?

@WSJ Looks like a Kia

Ferrari—Europe’s most valuable automaker—just unveiled its first-ever model without an internal combustion engine, testing the appetite for EVs among the superrich on.wsj.com/4fcIiXv

@MebFaber linkedin.com/in/stephen-lan…

"50% rates of return aren't unusual....simply pull up your calculator, multiply a million by 1.5 and then repeat that 19 more times..." All time paragraph of dipshittery latimes.com/opinion/story/…

@paulg Techies are followers and appeasers at heart. Nerd DNA. Following populist winds to give the crowds what they want.

Warren's war on crypto was a pure own-goal by the Democrats. It achieved nothing, and it cost them enormously by alienating a large fraction of a powerful group who'd previously supported them. Look at the change from 2020 to 2024.

The last time this happened it was a disaster for the Democrats. In return for her support, she insisted on a network of key appointments. One was Gensler, who alienated Silicon Valley to such an extent that many founders switched to supporting the Republicans.

It’s all fun and games until the commodities get nationalized.

@biancoresearch If you study for the Series 7 you’re taught that stocks are an inflation hedge.

As pointed out below, “stocks are increasingly seen as an inflation hedge,” so fund managers are piling in. The idea that stocks are a hedge against inflation is not new and has not worked for over a century. BofA’s Michael Hartnett’s latest “Flow Show” from Friday: * above 4% on CPI where risk assets get twitchy… past 100 years once CPI crosses 4% on average SPX -4% next three months, -7% next six months.” Note that year-over-year CPI inflation was 3.8% through April. Warren Buffett warned about this almost 50 years ago: Fortune, May 1, 1977 Buffett: How inflation swindles the equity investor “For many years, the conventional wisdom insisted that stocks were a hedge against inflation. The proposition was rooted in the fact that stocks are not claims against dollars, as bonds are, but represent ownership of companies with productive facilities. These, investors believed, would retain their value in real terms, let the politicians print money as they might.” He goes on to describe when this belief peaked: “This heaven-on-earth situation finally was ‘discovered’ in the mid-1960s by many major investing institutions. But just as these financial elephants began trampling on one another in their rush to equities, we entered an era of accelerating inflation and higher interest rates.” Finally, note that fund managers’ top three tail risks are in the chart on the right: * Second wave inflation (40%) * Geopolitical conflict (20%) * Disorderly rise in bond yields (18%) These three risks total 78%, and they could be argued to be variations on the same theme – the war will continue to drive crude oil prices higher, creating a second wave of inflation and higher bond yields. ---- “Those who cannot remember the past are condemned to repeat it.” – George Santayana, from The Life of Reason (1905)

@classy_name42 @b0newalljackson

@b0newalljackson This meme has lost all meaning. The director isn't god, he can't just make shit happen. He directs the actors surrounding Truman and never with the goal of ruining his life.

he really likes that shirt. make him buy it and when he gets home make him feel gay in it

We made a huge mistake letting the IT guys run the world

@kelly_peters @themaxburns @GRoditiD This is what we’re seeing in the US. What are you seeing in Canada?

@peak_finn @themaxburns @GRoditiD Facts are tuff when u r a slave to the black boot! NRF report falsely claimed nearly 50% of ‘21 losses were due to OC. Retracted bc based on flawed data w exaggerated shoplifting claims. Further, NRF prior studies indicated ALL external theft, not just OC =only 37% of losses

Tonight, after a year of screaming about holding ICE accountable, 144 House Democrats joined 203 Republicans to pass CORCA, a bill that grants DHS and ICE sweeping new power to collect American citizens' personal information under the guise of combating retail theft.