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Link to article: whitecoatinvestor.com/amorti…
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Managing Sequence Of Return Risk w/ Bucket Strategies Vs Total Return Rebalancing Approach bit.ly/445Lmw5
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Am seriously wondering how much of the SEC, including many of the disclosure rules, survives after Jan. 20. @elonmusk has a well-documented vendetta against the agency and it's hard to imagine him not demanding some big changes.
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New blog on desalination. I think solar plus matched desal can get below 10c/m^3, cheap enough that we can put 5 million acre feet into Nevada, terraforming about 1500 miles of valleys and waterways in that state (>90% remains unchanged though) and creating space for tens of millions of people to find wealth and opportunity in the process.
cc @gspeng
🚲 Look what arrived just in time for summer! ☀️ We installed 18 new bike racks in Pier Plaza. That is storage for up to 36 bikes. Grab your bike and pedal downtown to enjoy the #bestlittlebeachcity.
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Don't miss this one is a banger!!!
I love everything about this guy and story....
🚨 Tomorrow on The @MebFaber Show 🚨
Steve Edmundson makes his podcast debut
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Something that is not discussed enough is that if DCA is necessary from a psychological perspective to deploy cash into an asset allocation, the asset allocation may be inappropriate.
If you can't handle investing a lump sum today, how will you behave once fully invested?
Replying to @QuietProsperity
@soloprosperity starting 2023 going to build top 25 Quality defensive growth list into a m1 pie. I will then save equal monthly amounts into it throughout the year. At year end I will build the 2024 pie and leave the 2023 pie alone as a coffee can. How does it look in ten years?
m1.finance/oZ3WQLTJGIs5 the 2024 Quality defensive growth pie just dropped time for year 2 h/t @QuietProsperity
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🎁 To celebrate hitting 40k followers on Twitter, we are giving away:
• 1x Lifetime subscription to Koyfin Pro
• A bunch of Koyfin hats (modelled by J.Powell)
To be in with a chance of winning:
• ♻️ RT this tweet and;
• 🤝 Tag a buddy who would look great in a Koyfin hat
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TBL is back.
Going for Broke, by @RPSeawright open.substack.com/pub/better…
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Here's a friendly note to $TPL board of directors.
Dear Board of $TPL,
Over the past 3 years, you have received a staggering number of stockholder proposals. Yet, you have a 100% record of recommending that shareholders vote against those proposals.
As you consider your board's culture in a post-Chairman🤡Barry world, perhaps you should completely rethink your relationship with shareholders, and set out on a new path that totally sheds that awful reputation.
It's not rocket science, but here is how things would be done if our positions were reversed:
1. If stockholders suggest good-governance changes, such as a declassified board, recommend FOR it, and then give it to them as quickly as possible!
2. If stockholders pass a proposal to act by written consent, give it to them!
3. If large shareholders propose important governance improvements, don't ever send them to the SEC for no-action requests. Instead, set up a call between those shareholders and the Governance Committee and discuss.
4. Once stockholder proposals have been submitted to the company to be included on the proxy, if there is not unanimous views of the proposals amongst board members, perhaps allow shareholders to vote on the proposals with no recommendation from the board on the proxy card.
5. Don't sue your largest shareholders, and don't pay for personal investigators to trail your shareholders.
6. Don't make fraudulent statements on proxy filings, particularly in such important issues such as share authorizations.
7. If a director falsifies SEC filings... remove them for cause (I know this one, in particular, is such a difficult call, right?)
We're now just a little over a month away from the 2023 Annual Meeting, and once again, we're facing a meeting in which there will be a handful of stockholder proposals to be voted on. Issues will cover important governance concerns: golden parachutes, written consent, voting procedures, and more. This is the board's chance to begin shedding that anti-stockholder reputation.
We can have more of the same 🤡show, or we can morph into a shareholder friendly company that respects their stockholders views. Since you're so delayed in filing your preliminary proxy, there's still time to do the right thing.
Your move $TPL.
As we await the $TPL Delaware Chancery Court ruling, there is an update on Stockholder proposals. Presumably, the delayed prelim proxy filing was due to TPL waiting and hoping that the SEC would allow TPL to exclude these proposals. However, the SEC responded this week IN SUPPORT of those stockholders!
Bulldog Investors: sec.gov/files/corpfin/no-act…
Lion Long Term: sec.gov/files/corpfin/no-act…
This is a nice small win for stockholders. But also more of the same: more dollars that needlessly flowed from TPL shareholders to the pockets of TPL's attorneys, and more egg on the face of TPL's directors who continue to misunderstand what good governance really means.
.@FinPhilosopher testing out his homemade deck xitter.cf/NoCapFights/status/170…
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Next decade, which is most likely true?
52%Aliens are real
48%Value outperforms
2,216 votes • Final resultsTo be fair to @QuietProsperity I have one bucket of Quality Defensive Growth and one bucket of Quality GARP so it really doesn't hurt as bad.
@QuietProsperity thought you might like this overcast.fm/+OOYW5KGDo
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Interesting $TPL shareholder letter. Urging shareholders to vote no on proposition 4 - a proposal specifically designed to fit into the guildlines of major proxy advisory firms.
CC: @GlassLewis @issgovernance
tpltblog.com/2022/10/20/lion…


























