Porter Stansberry Profile picture
Jan 19, 2024 18 tweets 3 min read Read on X
St. Paul's Update Part III. I'd promised a "bombshell" disclosure today -- something I believe the school would find so embarrassing it would immediately be forced to fire St Paul's President Clark Wight.
But, first, I want to make a few things clear. My children have attended St. Paul's for a combined 17 years. We -- my ex-wife Andrea and my children -- love St. Paul's and the community of the school. And we have given generously to the school for many years.
The school has supported us and our children in many ways. And we are grateful. Likewise, being from out of state, it was the St. Paul's community that really made Baltimore home for us.
All of these things matter a great deal. But they do not compare to the importance of treating everyone fairly, honestly, and with respect. I believe my son's civil rights were violated by the school when he was forced to learn "the wheel of privilege," which is clearly racist.
I believe in the dignity of every human being. And I believe in the right of every adult to consensually enjoy any kind of sexuality they choose. But I do not believe graphic discussions about sex, nor graphic depictions of sexual acts, belong in school.
It seems ridiculous that we'd even have to have these discussions, which is why I'm calling for the entire board and the president of the school to resign. Going forward I plan to drive this outcome by:
#1. Bringing a civil rights lawsuit against the school. My son has been subjected to instruction that is clearly racist and a violation of his civil rights.
#2. Bring a class action suit on behalf of all St. Paul's donors. I donated $1m because the school made me specific promises about how my money would be used to further the education of our children. They lied. And I know they lied to all of you too.
Finally, I would like to create a new "parents of St. Paul's" group that would, working together, craft a new constitution between the families of St. Paul's and the school's administration, granting to specific rights to St. Paul's families.
I've thought all week about how to effect immediate change at St. Paul's. Like many families, we do not want to leave this community. It is very clear to me that unless major change occurs, St. Paul's as we know it, will cease to exist.
There is no way that the kind of families that St. Paul's needs to provide it with financial support -- the leading families of Baltimore County -- are going to stick with an institution that's teaching their children that all white people are racist.
Or that insists on supporting radical fringe groups in the cultural wars that are going on in our society. Our school should support traditional values and be a place that's safe for kids with traditional families.
St. Paul's may not be safe for teachers who want to teach English using vile rap lyrics. It may not be safe for people who are pushing a radical sexual agenda. And it may not be safe for racists.
That's okay: Episcopalians may embrace every weirdo that walks down the block in Baltimore. Jesus loves all. But our kids deserve a school that's safe for children. And if the school's administrators don't understand that, they should lose their jobs.
I have clear evidence that Clark Wight has used extremely bad judgement and has been, in the past, associated with racist groups. And I thought one way to effect immediate change would be to go public with this information, as I believe he would be forced to resign.
But, the problems with St. Paul's go well beyond one man's incredibly poor judgment and character. I've also decided against this kind of action because I do not want to be a part of this culture war. I want to make St. Paul's safe for my kids. That's my only goal.
I look forward to meeting with all of the parents of St. Paul's in the coming weeks and months as I continue to try to make the school what it should be: the center of our community and a place where the focus is on educating our children.
O

• • •

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

Keep Current with Porter Stansberry

Porter Stansberry 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 @porterstansb

Sep 30, 2025
If you're trying to understand why gold is going parabolic, please read this thread. This is also why the 52% of Americans who do not own financial assets are being destroyed. What is the real rate of inflation? And, absent the Fed, what would interest rates be...? A 🧵👇
The Chapwood Index tracks the real-world price fluctuations of 150 consumer items in the 50 largest U.S. cities. Unlike the government's CPI, the Chapwood Index avoids hedonic adjustments and substitution biases. It's a real index, not propaganda. As an example, the CPI rose 3.5% in 2023. But in Boston, the Chapwood Index shows that the real cost of living increase was 13.6%.
The Federal Reserve targets a 2% inflation rate to balance growth and price stability. The federal funds rate is set to influence borrowing costs and cool or heat the economy. A common framework for "what the rate should be" is the Taylor Rule, a formula proposed by economist John Taylor in 1993.
r=r∗+π+0.5(π−π∗)+0.5(y−y∗)r = r^* + \pi + 0.5(\pi - \pi^*) + 0.5(y - y^*)r=r∗+π+0.5(π−π∗)+0.5(y−y∗)
Read 9 tweets
Sep 25, 2025
I believe we’ll see a major bankruptcy within the next 5–7 years at the retailer Target (NYSE: TGT, $87.28). A 🧵
Why does anyone go to Target anymore? Amazon provides virtually everything Target sells, typically for less—and delivers it free to Prime members. For bulk items like furniture and for fresh groceries, Costco consistently beats Target on both quality and price. And for basic, immediate needs, Walmart still undercuts Target.
But that’s not the only problem. Even bigger is the erosion of Target’s in-store experience, once a key competitive advantage. Target used to be a pleasant place to shop: clean, organized, and staffed by knowledgeable, friendly employees. Today, the stores feel increasingly “ghetto-ized.” Shelves are locked up, the parking lots attract loiterers, and employees appear disheveled and demoralized. The store atmosphere is reminiscent of K-Mart in the mid-1990s, right before its irreversible decline.
Read 11 tweets
Jun 13, 2025
My personal portfolio is currently up 46% year-to-date. But that's not what matters. What matters is how it's up 46%. Over the past month, I've only had one down day. Just one. (See the portfolio's daily value chart, below.) I want to teach you exactly how to build a portfolio like this. This is especially important if you believe that stocks are too risky for you. They're not -- but only if you know how to do this. A 🧵Image
Last fall, I introduced the concept of a "permanent" portfolio to the subscribers of my newsletter. This strategy was taught to me in the mid-1990s by my friend and mentor, the libertarian philosopher, Harry Browne. He pioneered the idea of using non-correlated assets in single portfolio, to produce "permanent," consistent returns no matter what's happening in the markets, or the world.
According to Harry, a portfolio's core assets should be, in equal measure: stocks, bonds, gold, and cash (short-term T-bills). His reasoning was simple: in an inflationary world, value will constantly be stolen by governments via fiat monetary inflation. That process necessarily involves the inflation of these core assets.
Read 16 tweets
Apr 24, 2025
Philip Morris ($PM) has created more profits for investors than any other company in the history of capitalism. Most people know why the company is doing so well now - Zyn - but they don't understand how $PM works.
Let me show you. 🧵👇
$PM has been one of my research company's top three picks since September of 2022. It's up over 100% in our portfolio; it's up over 70% year over year; it's up 40%+ year to date. Today it reported shipments of Zyn rose 53% (!) year-over-year as it expanded capacity.
Revs are up 5.8% and profits rose 16%, to $3.5 billion in the 1Q. $PM is transforming from a tobacco company in secular decline, to a nicotine branding business that's growing fast. That's why the company is doing well, but it's not how. And the how is incredible...
Read 13 tweets
Apr 8, 2025
Someone should ask Trump if he remembers the Irish Potato Famine. A 🧵to explain the dark side of tariffs. 👇
In 1845 roughly 1m Irish peasants died because their main domestic food source, the potato, was wiped out by phytophthora infestans, an algae that causes potatoes to rot and die. While the immediate cause of the famine was a pathogen, that's not why a milllion people died.
The famine was caused by tariffs. Irish peasants worked on British estates. Their wealthy owners ensured high prices for their crops with "Corn Laws" (tariffs) to restrict importing grains, while selling their production overseas. How'd that happen? See if this sounds familiar...
Read 22 tweets
Feb 25, 2025
@WarrenBuffett should retire and Berkshire must be restructured. A 🧵

You'll recall in Buffett's legendary speech about the SuperInvestors of Graham-and-Doddsville that, despite buying different companies, all of the value investors outperformed the market by a wide margin.
The SuperInvestors had a real edge: they had both informational advantages and a better mental model. And so, on average, they beat the market easily. Warren Buffett was the best of this generation of investors and, for decades, he too beat the market easily. But lately?
Since the GFC in 2008, Berkshire has made six major acquisitions: Precision Cast Parts ($32.7B), BNSF ($26.5B), Pilot Flying J ($14B), H.J. Heinz ($12.1B), Dominion Energy ($9.7B), and Lubrizol ($9.2B). Total initial invested capital: $104B
Read 14 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

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(