Discover and read the best of Twitter Threads about #MoralHazard
Most recents (5)
Financialization of $BRK began in 2018 and went parabolic when covid hit.
All that money did not flow into the general economy - it flowed into the pockets of those holding these stonks.
This stonk didnt go up for growth - it went up for financialization.
#MoralHazard
All that money did not flow into the general economy - it flowed into the pockets of those holding these stonks.
This stonk didnt go up for growth - it went up for financialization.
#MoralHazard
With that in mind, listen again to this chat with ole'uncle warren...
Two visions competed at the dawn of the modern digital era: computers could be a way to empower people to push back against corporate and state control; or computers could transfer power from the public to corporations or governments. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2022/12/03/pai… 2/
pluralistic.net/2022/12/03/pai… 2/
I've always been baffled by the technologists who pursued control over liberation: surely their own formative experiences were of the liberatory power of technology. 3/
FTX's collapse left a million creditors holding the bag for a chaotically managed, corrupt enterprise that created vast personal fortunes for the conspirators who ran it, even as it stole the life's savings of retail investors who bought into its lies. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2022/11/23/inc… 2/
pluralistic.net/2022/11/23/inc… 2/
Could the unsuspecting public have been shielded from the FTX Ponzi scheme? Hindsight is 20/20, but there's good reason to believe that FTX could have been brought down in a controlled glide, rather than a nose-first crash landing and ensuing fireball. 3/
Total Stock Positions held at Robinhood, in Millions
2020: 33
2019: 11
2018: 5
Via @BearTrapsReport
*US Treasury’s Margin Account: zero commissions + stimulus checks + lockdown =
2020: 33
2019: 11
2018: 5
Via @BearTrapsReport
*US Treasury’s Margin Account: zero commissions + stimulus checks + lockdown =
S&P 500 vs Total Robinhood Stock Positions in Millions
June at 3200: 33
March at 2200: 17
*Buy high, don’t buy low.
(2)
June at 3200: 33
March at 2200: 17
*Buy high, don’t buy low.
(2)
Shale: Extraction files Chapter 11.
Stock up 500%, now down 71% all-in six trading days.
(3)
#MoralHazard
Stock up 500%, now down 71% all-in six trading days.
(3)
#MoralHazard
THREAD
A few key notes and many brilliant insights from Howard Marks recent memo "Knowledge Of The Future" which raises important questions for policy makers, government and regulators of financial institutions. (1/n)
@Oaktree
A few key notes and many brilliant insights from Howard Marks recent memo "Knowledge Of The Future" which raises important questions for policy makers, government and regulators of financial institutions. (1/n)
@Oaktree
Marks writes on the paradox of Investing.
Investing is the act of positioning capital so as to profit from future developments. There is no such thing as future developments. (2/n)
Investing is the act of positioning capital so as to profit from future developments. There is no such thing as future developments. (2/n)
All views about the future use the terms like analysis, assessment, projection, prediction and forecast. Rarely do we see the term guess.
There is practically no such thing as meaningful knowledge of future investment environment. (3/n)
There is practically no such thing as meaningful knowledge of future investment environment. (3/n)
