@WallAndOcean

@dollarsanddata @CaptainCons Your article was also about private prep school not college…

@CaptainCons Yeah maybe read don't skip the part where I say it's worth it for those who can't afford it. Full disclosure: I got a need-based full ride.

this author says private school isn't worth the cost then ends the article by saying "I went to Stanford and it's given me everything I have in life." lesson in there

@jedimarkus77 No love for Earl Campbell

I read "Taylor, Texas" and my mind goes straight to BBQ

@PaternalLegacy YOU CANNOT BE SERIOUS I see the full circle of clay though but it’s also tucked under the strip. The ball mark doesn’t look symmetrical and couldn’t clear all of the granules at the line edge. I’d give this to my opponent. I would not expect to be given this in return.

in or out? Help me settle this

@robbiehendricks Did she leave you enough to make the gas station?

An hour ago… wife: hey babe can I take the kids to school in your car? me: sure, love. any reason why? wife: just want to shake it up! me: sounds good, enjoy <gets in her car>

@moseskagan @HighyieldHarry It’s what the “seize the means of production”crowd can’t fathom, don’t understand what the actual “means” are, think you can just take the factory and have a business. Bad operators make the same mistake, if you’re not the means and not paying, they leave and start their own firm

@HighyieldHarry Total misunderstanding of what's going on They have relationships and gravitas, which is what gets SC in the room for Don to pitch

Most realistic part of Mad Men is how these two old guys sit around doing nothing while taking the bulk of the economics.

@sodacitysimpson @StumpGuyTy The guys bio says “fun is not in the budget”… I’m sure the office Christmas party really slaps.

@StumpGuyTy My sales guys drink?!?!

If a VP of sales is fighting over an $800 dinner there’s probably bigger issues

@MarkYusko Why not though, isn’t it essentially a 2.5x - 3x levered single asset fund, with shortable shares, where the underlying asset popped 10% today. Maybe Bitcoin isn’t the most rational thing in the world, but mathematically this seems just about right for today’s action.

I have been engaged in capital markets for 40 years and I can assure you that this is not a normal functioning market…

@jimiuorio @MLFootball @BarrySanders @NatSparbeck @GibbsWrld @DumasMike @LLamorandier @LionsSyndicate Sounds like he should wait a year before he gets to the HOF

@MLFootball @BarrySanders @NatSparbeck @GibbsWrld @DumasMike @LLamorandier @LionsSyndicate Now Do “tackled for a loss”? I love Barry sanders but he was no Payton..

THE CRAZIEST STAT EVER… The most touchdowns in #NFL history of: 10+ yards - Barry Sanders (51)   15+ yards - Barry Sanders (41)   20+ yards - Barry Sanders (30)   25+ yards - Barry Sanders (27)   30+ yards - Barry Sanders (23) THE GREATEST OF ALL-TIME, @BarrySanders. 🤯

@paulswaney3 Completely agreed. In the few characters available I tried to show why it won’t fit the curve and then why if you do fit, your results are wildly out of expectations. That should indicate that you shouldn’t be ascribing the normal curve. LTCM failed due to this misunderstanding.

@wallandocean But it’s not actually 6 sigma in the traditional sense Ascribing a normal curve to the market isn’t working.

I speak for the engineers of the United States. Stop appropriating our culture! Sigma talk comes from Six Sigma and quality systems. That world has 3 properties 1. The process is designed to be stable and 2. the data is close enough to bell curve that sigma is a useful ruler. 3. The tails represent defects, so the goal is to crush the tails. Markets have the opposite properties. In the markets, 1. volatility changes over time. 2. The big moves cluster 3. The tails are quite fat, extremes show up way more than the bell curve story (Financial returns are not well modeled by a stable normal distribution like the quality systems associated with manufacturing.) So when someone says 10 % in silver is 4- 5 σ, the missing inputs are everything: what sigma? lookback window, 20 days, 60 days, 365 days? horizon? close to close? distribution assumption? If you estimate sigma from a calm window, then a shock day looks like a once in 10,000 year event. That is a math trick, not reality. Six Sigma logic works for a factory because the machine tomorrow resembles the machine today. Markets are adaptive. The sigma itself moves. Using a fixed sigma to claim impossibility is a category error. Lightning example is also a meme. Lifetime strike odds are a hazard rate, not a bell curve variable. Mapping it to 3.8 sigma is just a translation that functions like a prop If you want to talk odds, use odds! One tail beyond 3.8σ under a bell curve is about 1 in 13,800 US lifetime lightning strike is about 1 in 15,000 Cute comparison, but it ain't even close to statistics!

@DVNJr The irony of this with the Hunts while Silver is trading at an all time high price is astounding

The Hunt family is worth $25 billion. So of course they need $1.8 billion in public money to build a new stadium. For NFL owners, it’s the gilded era. Forever.

The shear size of this sub is astonishing

@LoganMohtashami Especially on holiday shortened weeks

Just remember to always be mindful of any jobless claims data that spikes vertically, it's usually a one off

We survived the 4% 10-year yield again 😏

@MebFaber @Citrini7

@Citrini7 Same thing with politics - ask someone who their congressmen and senators are ...

Citrini’s guide to being a dick at the idea dinner: if someone you don’t like starts talking about tariffs, ask them what the current tariff rate on a given country is. guarantee by the second country you ask they have no clue.

@Cernovich Meanwhile the nonexistent list:

What is a list?

@McClellanOsc Well I learned something today

I find it amazing how many professional journalists do not understand the difference between a podium and a lectern. A podium, from the Latin word for "foot", is what you stand on. A lectern, from the Latin word for "to read", is what you stand behind while reading things.

@biancoresearch Jim, I believe you were incorrect about the Supreme Court in your LinkedIn post re Powell. Chief Roberts did not sit on the court when confirmed to succeed Rehnquist as chief. He had been nominated but not confirmed to replace O’Connor when Rehnquist passed.

Quite the hairdo.

@McClellanOsc @grok Judgement Day averted for now

I got an apology from @grok.

@robertlufkinmd EVERY SINGLE TIME

It doesn’t have to be this way.