My high school economics teacher @ZehnerMr used to tell a story about one of his buddies who was an executive at a tech company that saw massive growth (50x increase in share price in a few months) during the dot-com bubble. The company will remain unnamed.
He says the day the bubble burst, a bunch of friends were all on a trip (Vegas, I think?) and they were making this guy pay for everything because he was a multi-millionaire (on paper). But as the day went on, and the stock cratered, the guy lost all the money he thought he had.
Every year, Mr. Zehner would tell this story and then being in his friend to talk about his career—and invariably get clowned by a bunch of high-schoolers about something that happened in Vegas 15 years prior, which I'm sure was part of the appeal for Mr. Zehner.
It makes me happy to think that one day econ teachers will bring in their friends to talk about the week they were GameStop millionaires.

In what's probably the true moral of the story, the friend ended up okay. He landed at another firm and sold it to Oracle for $900 million.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Jacob Rubashkin

Jacob Rubashkin Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @JacobRubashkin

15 Jan
"What I did not realize was all of the national conversation about states like Georgia, Pennsylvania, and Michigan, was seen as casting doubt on the validity of votes coming out of predominantly Black communities like Atlanta, Philadelphia, and Detroit."
tulsaworld.com/news/local/gov…
This was, of course, noted by many in the media and elsewhere in the wake of Trump's fraud claims, and earlier as well. Here's USA Today, Dec. 1:

usatoday.com/story/news/pol…
The Washington Post from November 20: washingtonpost.com/national/2020/…
Read 7 tweets
12 Jan
Now this is a STATEMENT from Alabama Rep. Mo Brooks.

It starts off "I defend my honor and reputation against scurrilous, George Orwellian, 1984, Socialist Democrats Politics of Personal Destruction," and only gets better.

brooks.house.gov/media-center/n…
Six paragraphs in and he's already cited Jesus and MLK Jr. Image
Image
Read 5 tweets
12 Jan
"In six days we have opened over 150 casefiles, and that's just the tip of the iceberg," says Steven D'Antuono, FBI Washington Field Office assistant director in charge.
"Even if you've left DC, agents from our local field offices will be knocking at your door, if you were involved in the activity at the Capitol."
"We are going to have, I believe, hundreds of criminal cases," says acting US Attorney for DC Michael Sherwin. "This is going to be a long-term investigation."
Read 6 tweets
11 Jan
Lots of new details from @CarolLeonnig, @byaaroncdavis, @PeterHermann, @karoun.

"The D.C. contingent was flabbergasted to hear a top Army official say that he could not recommend that his boss, Army Secretary Ryan McCarthy, approve the request."
washingtonpost.com/politics/sund-…
The pipe bombs have been massively underemphasized so far, and I hope we get more answers about them soon, because they seem to have played a key role in the early stages of the sacking. Image
Apparently Irving and Stenger both declined to participate in this article, but Sund's account raises a lot of questions they both need to answer.

For that matter, Sund needs to answer a lot of questions too, not just in a Post exclusive but on camera in front of a press room. Image
Read 4 tweets
10 Jan
'Finally, the Senate sergeant at arms sat down amid the others in the room, saying to no one in particular, “I wish I had just retired last week.”'

Every time I read something more about Wednesday I am more amazed it wasn't a massacre.
washingtonpost.com/politics/insid…
The lack of preparation is astounding. This is how the FBI found out what was happening? Second-hand from a former DOJ lawyer who happened to have previously worked at the same law firm as a McConnell staffer? Image
Every few grafs there's a moment like this where, as bad as reality was, you can see how something much worse was barely avoided.

Seeing how the one officer responded to an attempted incursion into the Speaker's Lobby, it's not hard to imagine how this situation could have gone. Image
Read 5 tweets
7 Jan
PELOSI SAYS IF PENCE DOES NOT INVOKE 25A, CONGRESS MAY IMPEACH AGAIN
“I join the Senate Democratic leader in calling on the Vice President to remove this president by immediately invoking the 25th Amendment,” says Speaker Pelosi, “If the Vice President and the cabinet do not act, the Congress may be prepared to move forward with impeachment.”
"Do you expect an answer today" from Pence on whether he will invoke the 25th Amendment, asks a reporter.

"We would hope," says Pelosi.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!