Discover and read the best of Twitter Threads about #NOTGOOD
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The Pension War Room™️has returned from the wilderness to bring you the latest Heritage Fund Annual Report! Get your copy ⬇️⬇️. An interesting read by any account. Invested by @aimcoinvests and a great 1-year return.
alberta.ca/heritage-savin…
alberta.ca/heritage-savin…
Earned an 11.8% one year return against a benchmark of 7%. Which is great by any measure. Also, one year returns don't mean much, but encouraging nonetheless.
Almost $20 billion in size now; next to the pension funds this would be a "small" fund. #AbLeg
Almost $20 billion in size now; next to the pension funds this would be a "small" fund. #AbLeg
@aimcoinvests investment cost was 0.90% (90 bps) both last year and the year before. This is a bit shocking. Asset mix is different than ATRF so a direct comparison is not warranted (bonds cost less to invest than other assets for ex). #AbLeg
Don't Cry For Me Arkkgentina!! ARK ETFs lost investors a whopping $12.6 BILLION last year while netting ARK a massive management fee payday (yay?). Here’s a 🧵recapping a wild year for the primary family of ARK ETFs ($ARKK, $ARKG, $ARKW, $ARKQ, $ARKF, $ARKX). Let’s dig in… 
2/With 2021 behind us, it’s a good time to re-visit our friends over at ARK Invest to take a look under the hood at what went down last year. Obviously, 2021 wasn’t so bueno for the ARK funds – the flagship $ARKK lost 24% in a year when Qs and Spoos were up 27%. #notgood
3/But ser, you’re cherry-picking one super bad year when these long-only ETFs lost money in a raging bull market; what about the MASSIVE gains in ARK funds in 2020???!!! That’s an excellent question! See here:
THREAD: one thing I struggle w/re: ARK is whether what happened yesterday w/ $NVTA is just a defect of the actively managed ETF model (at their size) or something more sinister. Let's use the NVTA situation yesterday as an example, bc there 2 explanations for what's going on...
2/The first explanation is: $NVTA is a large holding, they love the fundamentals, etc etc, the stock is down big on earnings/$400m share placement headline, and they want to add to your position. Fine, makes sense. The problem is, if they're buying 1.2m shares...
3/...of a stock that trades 3.5m ADV. So you're going to be a huge % of the volume, even on a big volume day like yesterday where it traded 5m shares (per FactSet). So you wind up being 24% of advertised volume, which is a sht ton as anyone who's ever traded size knows.
Vi fortsätter med en till lagstadgad förutsättning som måste fungera för att elmarknaden ska fungera - som idag inte verkar fungera. Läs gärna denna tråd för att bli lite ”varm i kläderna”:
Dagens förutsättning:
Transparens avseende elsystemets fysiska förutsättningar, till exempel tillgänglig överföringskapacitet och beredskap - på sikt och inte endast veckor eller dagar innan något händer eller en viss driftsituation uppstår. Se elmarknadsför, skäl 28, 29, 30:
Transparens avseende elsystemets fysiska förutsättningar, till exempel tillgänglig överföringskapacitet och beredskap - på sikt och inte endast veckor eller dagar innan något händer eller en viss driftsituation uppstår. Se elmarknadsför, skäl 28, 29, 30:
Förutsättningarna att kunna planera och agera på marknadens signaler är en grundförutsättning för att kunna ta beslut om investeringar - gäller samtliga aktörer såsom nätägare, producenter, elhandlare och förbrukare.
This is your daily pension announcement: let's see how AIMCO is doing investing the Heritage Savings Trust Fund!
The latest quarterly report is available here. It is about the same size as ATRF. So good comparison. #AbLeg #Spoileralert #handsoffmypension
alberta.ca/heritage-savin…
The latest quarterly report is available here. It is about the same size as ATRF. So good comparison. #AbLeg #Spoileralert #handsoffmypension
alberta.ca/heritage-savin…
Q2 for AIMCO returned 2.6% versus a bench of 2.1%. Not bad. The large print on the front page says the six month return is 7.7%. But it does not show the six month benchmark which was 8.8%.
That is sub-optimal performance. The value add is NEGATIVE 1.1% #thatsbad #AbLeg #notgood
That is sub-optimal performance. The value add is NEGATIVE 1.1% #thatsbad #AbLeg #notgood
What should the value add be:
"In the SIP&G, the Ministry of Treasury Board and Finance expects that the investments held by the Fund will return approximately 100 basis points, or 1% per annum, above the policy benchmark."
1% value add goal #thathurts
#AbLeg #swingandamiss
"In the SIP&G, the Ministry of Treasury Board and Finance expects that the investments held by the Fund will return approximately 100 basis points, or 1% per annum, above the policy benchmark."
1% value add goal #thathurts
#AbLeg #swingandamiss
This is your daily pension announcement: I live to quarantine edition! Well pension army, time for a stroll down memory lane... back in 1992 an agreement was struck to deal with the teachers' pension plan unfunded liability. #ABLeg #handsoffmypension
The primary cause of that UFL was the GOA not making (the required) contributions to the plan and instead kicking the can down the road by funding benefits much later. Teachers (being a joint plan) negotiated to pick up 1/3 of the cost. That cost was 1.6% of pay. #ABLeg #notgood
Imagine the shock of teachers when not more than two years later they learn that the UFL had been seriously underestimated. So UFL contributions went up by 100% to 3.2% of every pay cheque. #ABLeg
This is your daily pension announcement: Red tape for everyone edition!!
Below you will find the great David Climenhaga letting us know how despite creating a "Ministry of Red Tape Reduction" red tape is actually being weaponized by the GOA. #ABLeg #ABEd
albertapolitics.ca/2020/01/albert…
Below you will find the great David Climenhaga letting us know how despite creating a "Ministry of Red Tape Reduction" red tape is actually being weaponized by the GOA. #ABLeg #ABEd
albertapolitics.ca/2020/01/albert…
Back in the day I served with the Canadian Armed Forces. The red tape reached legendary proportions. So everybody has to love the "get rid of red tape" campaign led by the Muppet Minister Grant Hunter, right? #handsoffmypension #redtape
Only thing is the GOA, as is so eloquently explained by Dave, is not getting rid of red tape but rather using it as a weapon against people and institutions they don't like.
Hmm...sort of like teachers' pensions. #redtape
Hmm...sort of like teachers' pensions. #redtape
[THREAD] In the second part of my regression deep dive, I explore WRs.
I use a similar methodology as my RB regression deep dive. If you haven’t seen that yet, please check it out in the link below.
Without further to do, here’s my 2019 WR regression deep dive...
I use a similar methodology as my RB regression deep dive. If you haven’t seen that yet, please check it out in the link below.
Without further to do, here’s my 2019 WR regression deep dive...
Step 1: TD dependency
The table below shows how top 15 WRs would’ve scored without the points from TDs.
This highlights the most TD reliant:
- Golladay
- Kupp
- Parker
And the least TD reliant:
- Woods 👀
- Landry
- Moore
The table below shows how top 15 WRs would’ve scored without the points from TDs.
This highlights the most TD reliant:
- Golladay
- Kupp
- Parker
And the least TD reliant:
- Woods 👀
- Landry
- Moore
Step 2: TD scoring distribution
Likelihood of TD being scored grows substantially the closer players get to the GL. This is evident in the averages below.
The table shows % of TDs scored within 20/10/5 yards.
Lower % can be viewed as less sticky.
Likelihood of TD being scored grows substantially the closer players get to the GL. This is evident in the averages below.
The table shows % of TDs scored within 20/10/5 yards.
Lower % can be viewed as less sticky.
In light of Erik Prince being lit up by Bloomberg/Reuters/AP/NYTimes for his weird flip flop meeting with Maduro's VP on Nov 19/20 2019. Let's take a little trip inside the war for Venezuela being fought over control of oil. #OroYPlato nytimes.com/aponline/2019/…
We would think that Citgo is a U.S. company, it is not. Fifty % of Citgo was sold to Petróleos de Venezuela, S.A. (PDVSA) in 1986, the remainder was snapped up in 1990. Citgo is essentially a parastatal that controls the socialist nation’s existence. 2014 vs 2019 #NotGood
Oil comprises 95% of Venezuela's exports and 25% of its gross domestic product. So whoever controls the oil will control the nation. A socialist nation relying on shrinking oil revenue is Arab Spring on steroids.
investopedia.com/ask/answers/03…
investopedia.com/ask/answers/03…
This is your daily pension announcement: Our Supreme Leader is and always will be JK edition!! Supreme Leader of the DPRA (Democratic People's Republic of Alberta). State motto: "if yer not fer us yer angst us" Just when you thought things couldn't get worse... #theydid #AbLeg
As you are aware, our Supreme Leader was on Facebook Live answering some questions last night. Low and behold our ATRF pension plan came up.
Another round of gaslighting.
#Gaslighting #travistime
Another round of gaslighting.
#Gaslighting #travistime
His comments were along the lines of "we were just doing our fiduciary duty" in ordering ATRF to exclusively use AIMCo as an investment manager. To be clear it is the ATRF Board that has a fiduciary duty here not the GOA. Can I get another material misstatement up in here?
Week 10 #dynasty recap thread:
Raiders vs Chargers
OAK
- Jacobs continues strong play, no change
- WRs lacking volume, fading
- Moving Waller for positional upgrade
LAC
- Rivers struggling of late, selling
- Gordon healthy/in game shape… stock up
- Still buying Keenan, selling MWill
OAK
- Jacobs continues strong play, no change
- WRs lacking volume, fading
- Moving Waller for positional upgrade
LAC
- Rivers struggling of late, selling
- Gordon healthy/in game shape… stock up
- Still buying Keenan, selling MWill
Bears vs Lions
CHI
- Best opportunity to move Trubisky
- Holding Montgomery, buying if cheap
- Hold ARob, I guess
DET
- Buy Stafford while out
- Selling the whole backfield
- Buying Marvin, Golladay, Hock
CHI
- Best opportunity to move Trubisky
- Holding Montgomery, buying if cheap
- Hold ARob, I guess
DET
- Buy Stafford while out
- Selling the whole backfield
- Buying Marvin, Golladay, Hock
🤡 (1) Twitter has never been all that friendly to conservatives but more than ever accounts are vanishing, week long twitmo punishments handed out, IP bans, #shadowbans and now big accounts are under attack. Spoiler alert: it’s going to get worse and here’s why... #seanhannity 
(2) We all got “the email” the one that basically debunked #RussiaBots but @SenFeinstein & @AdamSchiffCA still wrote a letter (more on that later) BUT did you read the blog $TWTR shared? Because it’s important they informed us they had partners helping now. Who are they? 
(3) Let’s start with the big fish, Common Sense Media, based out of San Francisco, hugely funded and owned by James (aka Jim) Steyer and guess who his brother is?? 
