Informing people about insurance, investing, and more. Protecting tail risk since 1995.
Joined February 2022
- Tweets11.6K
- Following174
- Followers2.9K
- Likes18.7K
Pinned Tweet
I see a lot of people reacting to State Farm’s decision to stop writing new home insurance in California.
But there seems to be a lot of confusion about their motives.
The last thing State Farm wants to do is give up business.
Here’s why State Farm felt they had to act. 1/12
This hate filled vitriol is why I have boycotted NYC since he took power.
Imagine if on 9/11/04 someone posted “it’s sad people died at WTC but it’s not nearly as bad as those who died since in Afghanistan” or “on this Holocaust Remembrance Day please think of the dead Nazis.”
This day is profoundly painful for so many New Yorkers. It marks three years since the horrific war crimes of October 7. On that day, Hamas killed more than 1,100 Israelis and abducted 251 others. We grieve alongside our many friends and neighbors who still carry that unthinkable loss.
The suffering did not begin nor end that day. It instead continued through the Israeli government’s devastating, ongoing genocide in Gaza, in which it has killed more than 74,000 Palestinians—including more than 21,000 children. Even since the so-called ceasefire, more than 1,400 Palestinians have been killed. That suffering has intensified with every Israeli bomb dropped on ambulances waiting outside hospitals, every drone strike targeting a residential building or journalist, and every shipment of food aid turned away at a border crossing. Many New Yorkers are reckoning with this unbearable grief, and we mourn alongside them – all while knowing that our tax dollars fund these war crimes.
Three years later, we must refuse to accept a world in which occupation and apartheid continue, where war crimes are met with impunity, and our federal government continues its complicity with every arms shipment.
To honor the dead, we must fight for a world in which every person can live with freedom, safety, and dignity.
I agitated for them to sell the group business (including stop loss) 10+ years ago when they could have got 15+X EPS for it.
They insisted it was core. I insisted it was not and they could use the proceeds to buy a 401k block which would be core.
They obviously didn't listen.🤷
Hedge fund Toms Capital is ratcheting up the pressure on asset manager Voya Financial by bringing its push for the firm to explore a sale directly to shareholders, according to a letter seen by WSJ on.wsj.com/4weWST0
I haven't heard this anywhere else yet so I guess I'm the only one to figure out why Iran is breaking the MOU by resuming attacks for no apparent reason.
They're surprised how much oil prices have fallen and they're trying to create uncertainty to get them back up.
Lots of people keep saying this isn't 99 cause dot coms didn't have earnings and hyperscalers do.
SpaceX market cap briefly passed Amazon and Microsoft. What are its earnings?
PS: Cisco, Intel, Microsoft, etc. had plenty of earnings back then btw.
This ad is the best case to short AI.
Let's see, we're going to sell pizza at a loss and sell much more of it. Great job, CoPilot!
youtu.be/oBqKKy_MTJ0?si=327Q… via @YouTube
This is most definitely DOOM porn. While there is some underlying truth to it, all effective propaganda has some kernel of truth that allows for sensationalized extrapolation.
There will be creative destruction, just like past cycles, but we will also adapt and benefit.
I would double down on Denver at 11-1 today. No team in the final four should be 11-1. Especially not one with home field and a great D.
If they beat NE, you can always hedge with the NFC winner if you don't want to see if they win it all.
Odds down to 7-1 today.
Best new $ is Bears at 25-1. I don't expect them to win but they're same odds as 6&7 seeds. They may not be a better team but they have a key advantage = home field.
They should probably be like 15-1. If they can get to NFC Champ game, you hedge out.
Hey @YahooFantasy you disappeared 6 yds from me overnight costing me a playoff win and $$.
"Support" says they can't tell which player's stats were changed or pull an archive of the score from last night to see what changed.
I deserve a better explanation than that.
I know stats can change but never seen them do so without documentation. It was .6 so 6 yds. Any idea who got dinged?
Starters: Maye Nico Tet Henry Kyren RJ Ferguson Aubrey Rams
@jagibbs_23 @PPRFantasyTips @EricNMoody @adamlevitan @DynastyDadFF @joeorrico
How I will always remember Rob Reiner:
youtube.com/watch?v=L8qBQzcv…
Broncos at 14-1 to win the Super Bowl is a fat pitch. Not suggesting they should be the favorite but they have as good a shot as anyone of being the 1 seed and the Bills, Chiefs, and Ravens are all flawed.
Mathematically, that 1 seed is a huge odds booster.
The scandal isn't that JB is a high roller. It's that he gambles in Vegas instead of IL casinos because he knows the take by the state is lower.
The plebs have to pay the extortive IL take at Rivers while he gets higher payouts in Vegas.
Illinois Gov. JB Pritzker, a billionaire, took home $1.4 million in winnings after playing blackjack at a casino in Las Vegas last year, according to a copy of his new tax filing. nbcnews.com/politics/politic…
What's the over/under on length of $NVDA's related party section of the upcoming 10-K?
I'd probably go with 35 pages.
Today was NOT the 1st time the Eagles have walked off a game with a DL returning a blocked FG for a TD.
1988 the below win against the Giants ultimately won them the division and their 1st playoff appearance in 7 years.
Jordan Davis meet Clyde Simmons.
youtu.be/_JnCdrj3yBI?si=4Nv-…
Saw Stephen Miran on CNBC today. Reminds me of the overly confident sell side analyst who is well spoken and polished but only seeks confirming evidence and ignores anything contradictory.
They convince a lot of clients but tend to get more wrong than they get right.
Wanted to get on record for best NFL future bet this year.
Niners at 20-1 is a steal. If things go well, they can be the #1 seed in NFC. The other teams you can say that about are around 10-1.
Best day since 2008 is not something to celebrate. The market went down another 30% over the next few months.
Doesn't mean will happen again but giant moves in bear markets are normal and not usually a sign of the bottom.
Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal cnbc.com/2025/04/08/stock-ma…
I've said for a long time passthrough is egregious. You wouldn't believe the size of HR, marketing, IT, etc.
There's no limit on hiring because someone else pays and they don't complain.
Maybe Elon should forget about USAID and focus on hedge fund reckless spending???
"Hedge Funds Are Pocketing Much of Their Clients’ Gains With ‘No Limit’ Fees"
"In 2023, the main hedge fund at billionaire Dmitry Balyasny’s eponymous firm notched a gross return of 15.2%.
Investors walked away with a gain of just 2.8%.
The rest they paid in fees — more than $768 million — mainly for compensation but also a wide variety of other costs down to mobile-phone service.
That parceling out of costs is one of the most coveted perks of running a multistrategy hedge fund.
Investors are so eager to pony up money that they effectively write a blank check, agreeing to cover just about any expense managers deem reasonable, in good times and bad.
The term for that: Passthrough fees....
Multistrats — known for their trading “pods” that chase profits in all kinds of markets — say they need that freedom to compete for talent, invest in cutting-edge technologies and stay nimble as markets evolve.
Prominent firms with the fee structure include Millennium Management, Citadel, Point72 Asset Management, Balyasny Asset Management and ExodusPoint Capital Management.
Those five alone manage more than $200 billion....
...Last week, Citadel filed a bond prospectus, obtained by Bloomberg, with pages of details on costs it charges.
They include technology and travel “of all forms,” such as booking or leasing a private jet.
Investors can also foot bills for employee gifts, entertainment for employee gatherings, as well as snacks, drinks and “other nourishment,” the document shows.
From the start of 2022 and through last September, Citadel’s three biggest funds racked up almost $12.5 billion of passthrough fees, with more than $11 billion paying for employee compensation and benefits...."
