1/ I'm at a loss when it comes to rising crime in Chicago and elsewhere across the country. I've spoken about it at length and don't need to cover the same grounds again. I think much of the blame falls on shoulders of proponents of lenient enforcement.
2/ I appreciate @chicagosmayor changing her tone on the subject this week, but unless we hire more police, a change in tone isn't going to change much. Especially when our county prosecutor @SAKimFoxx and court system maintain their light-touch approach to prosecution and bail.
3/ Yes, rehabilitation matters, but so does punishment and deterrence! To those who can't relate or think this isn't a big deal, all I can say is when violent crime happens in the vicinity of your kids it will stress you beyond comprehension. More today...
cwbchicago.com/2021/12/buckto…
4/ And all the focus on the plight of criminals doing this ignores the pain and suffering caused to their victims. Let's get our heads on straight: our sympathy should lie with those who are getting shot, not those who are shooting.
5/ Those who don’t value life – to the point they threaten the lives of others with guns – are not functional members of society. If we excuse their behavior, we will undermine the humanity for the rest of us who can appreciate it.
6/ This has reached the point where we just need to call it for what it is: domestic terrorism. The city isn’t mired in ordinary crime. When people no longer feel safe anywhere or anytime it’s a state of terror. This is no way to live and can't be the acceptable status quo.
7/ If state or county laws aren't strong enough to deter this criminal activity (or if the laws aren't being enforced by officials charged with upholding them), bring down the book at the federal level, which at least will take cases out of @SAKimFoxx's jurisdiction.
8/ The police have a hard enough job as it is - especially now that the city police force is understaffed and at low morale thanks to public animosity. Don't make their job harder by releasing violent offenders who will need to just get re-apprehended.
chicago.cbslocal.com/2021/10/11/chi…
9/ The economic and quality of life impact of all this crime is immense. It's contributing to Illinois losing about 114k residents last year. We can't let things stay this bad.

10/ To those who will cry fascist at reasonable public safety initiatives, you have no understanding of modern history. The irony is the attempted imposition of absurd “moral” purities based on a twisted “social justice” ideology is far truer to the authoritarian spirit.
10/ The two things that historically give rise to populist and fascist movements are economic disarray and lawlessness/public insecurity. If you truly don’t want to see fascism take hold in the US, you should have a strong interest in a stable and inclusive economy, and low crime
11/ This is my last and most controversial statement here: but what the hell do you do about young men - as young as 13 per today's shooting in Bucktown - walking around with guns and unafraid to use them?
12/ Kids who are in their early teens have no developed moral compass yet. The thought of a 13 year old pointing a gun at someone is beyond frightening. They don't appreciate what it will mean to pull the trigger.
13/ How are we failing so badly as a society that kids think this is ok - or just a fun adrenaline rush? I get that a lot of these kids are coming from really challenged backgrounds. But we have to be able to teach and instill a basic sense of right and wrong.
14/ I don't have any answers or even suggestions here. All I can say is it seems we're failing as a city and society on a lot of fronts: law enforcement, leadership, providing better opportunities in struggling communities and our moral compass. Hoping for a better 2022.

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More from @StuLoren

20 Dec
1/ Here's my 2022 and beyond #investing outlook (mostly covering #stocks) and general thoughts on the #macro backdrop, #markets, #valuations and #risk. Lot's of good analysis is publicly available, so will try to keep this brief and different.

"Navigating the Low Tide" Image
2/ Investing 101 Image
3/ Investing 201? Image
Read 47 tweets
21 Nov
1/ A few thoughts on the politicization of #energy markets spurred by these remarks from @SenWarren. There's nothing worse than intellectual dishonesty from intellectuals. Either @SenWarren is purposefully misleading or doesn't understand how energy markets work. #OOTT, #EFT
2/ Let's set the record straight. #Oil and #gas prices prices are up because of a supply/demand imbalance and a lack of investment in new production finally catching up to demand. Can briefly see more below, or look at data from @IEA or our own @EIAgov.

3/ $XOM and $CVX together produced just over 4m bdp of oil in Q3 '21, which is less than 5% of global production (~96m bpd in Sept). They don't exactly have pricing power. Shouldn't the Senator leading the antitrust charge understand what's monopolistic power and what's not?
Read 14 tweets
1 Nov
1/ This is a thread about the deteriorating state of affairs in #Illinois and, specifically, #Chicago. But it’s probably applicable to other cities and states that in recent years have experienced rising #crime and slowing #economic growth.
2/ I'm writing this because there comes a time when everyone reaches some personal boiling point on some issue and I've hit it. I'm not going to stand back, silently while my family's safety and economic outlook is increasingly at risk.
3/ My thoughts aren’t 100% formulated yet, but I want to start building out my thinking on some urgent issues and hopefully create an intelligent discussion space. As time goes on, I will likely have more to say and bring more data and actionable ideas to the table.
Read 84 tweets
19 Oct
1/ This is a thread on concerns I have with #ESG investing and the role of #markets in a functional, #capitalist #democracy. Warning: it’s long and nothing in here is necessarily original on its own, but I wanted to tie together some thoughts.
2/ At the outset, I want to make clear that the following is my analysis, not my firm’s. If ESG factors matter to you, by all means invest accordingly. I also care about environmental, social and governance issues. My guess is almost everyone does to varying degrees.
3/ Additionally, over the last 5+ years I have invested in firms benefitting from cost declines in renewable power, advised clients to do so and at one point was trying to raise an energy transition fund.
Read 112 tweets
6 Oct
1/ U.S. #energy policy is in serious need of a rethink. Energy policy is not just climate policy, it's #economic policy and it's #foreignpolicy. Our European allies' dependence on #Russian gas supplies is geopolitical malfeasance.

bloomberg.com/news/articles/…
2/ For decades, the U.S. was reliant on energy supplies from the Middle East, which dictated our foreign policy decisions in the region. The #shale revolution provided a brief, decade-long reprieve from the mercy of #OPEC.
3/ But rather than use our energy abundance as a geopolitical and national/economic security tool, we are ceding power back to those whose national interests are not aligned with those of the U.S.
Read 20 tweets
5 Oct
1/ This is a thread on my rationale underlying the #investment opportunity in #defense firms. A compelling #value opportunity in an otherwise mostly expensive market. Touches on the realities of human nature and the growing risk of global conflict.
2/ The history of man is largely a history of conflict. As advanced in technology and morals as we'd like to think we are, I tend to side with the Hobbesian view that the the natural state of the world is one of anarchy, or: "the condition of Warre."

gutenberg.org/files/3207/320…
3/ Governments serve many key functions and can take many forms - I'm partial to liberal (lowercase L) democracies - but historically all share a common purpose and source of legitimacy: to keep their citizenry safe. There can be no prosperity without security.
Read 25 tweets

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