Hello! My algorithms have assessed your interests and identified you as one “Joe Rogan.” Would you like to purchase some kettlebells shaped like an angry gorilla? Oh. You own the company that sells them? …
Would you like to purchase some slightly larger kettlebells shaped like an angry gorilla?
Offer me a subscription with a new angry scary animal every month and you have my attention.
Unfortunately we cannot offer that service at this time due to shipping costs. However, I am an advanced AI, and understand that humans sometimes use “attention” as a euphemism for “sexual arousal.” It appears difficult to “get your attention.”
Would you like a monthly subscription for Cialis?
ETA: This is the end of my derail. STONKS
Only if it can be delivered discreetly, because despite being an ultra-manly modern poet-warrior - I’m also too insecure to admit to a doctor that I need cialis.
STONKS is old news.
Buying fractional shares of old baseball cards is the new hotness.
To be technical, I own 0.001 percent of the card. And it’s not in a steamy Jacksonville garage.
The 1953 Mantle is the first sports item in which White Plains, N.Y.-based Collectable Technologies Inc. will sell fractional ownership shares to the public beginning Thursday.
Here’s where it gets interesting: Share buyers don’t get possession of the card or item. They may be able to see it in person at future events staged by Collectable, but the items will remain in protective storage.
So why buy?
Bragging rights. Because you love that player and want their card any way you can get it, even if it’s in a nebulous way. But mostly as a chance to make money if the user’s fractional shares increase in value (shares can be sold after 90 days if the item has been fully sold out, or on a secondary market for a fee). When you buy Ford or Tesla stock, you’re not handed a corner office or an F-150, but you take the investment risk in hopes that a $25 share today is a $250 or $2,500 share in the future.
At least this isn’t the dumbest sports-related investment you could make - that would be buying shares of stock in the Green Bay Packers.
What do you mean by “data”? If it’s consumer spying stuff, then Amazon/Google for sure. I doubt Microsoft is in the same league, but could be wrong.
Obviously there are other kinds of data though. The use of data is as an input to ML algorithms, so a more interesting data is who has lots of data on interesting ML-tractable problems that aren’t online advertising. I’ve argued before that Tesla has unique self-driving data resources, as an example. Perhaps FedEx or UPS have unique insight into supply-chain stuff, although it’s less clear (to me, as someone who doesn’t know what he’s talking about) how much ML can do there.
I really don’t know much about the market but it seems clear to even dimwitted me that with unemployment high and a lot of folks not spending money like the usually would that stocks wouldn’t be near all time highs. I couldn’t figure it out, and then came across this that really cleared things up for me:
The WSB guys are getting hammered lately. APPL 10% off highs. TSLA 25% off highs. NKLA down 17% today. I personally don’t think we retest March lows or anything but the first step to popping the bubble is a lot of the retail donks getting wiped out. That seems to be happening right now.
That is insane (as has been pointed out) because the S&P 500 is 5% off ATH after the biggest run up ever for STONKS.
I’m pretty sure that rich people have gamed the hell out of the taxation of gains on art and collectibles, so who know this might actually be a sensible after tax speculative investment. Is it really obvious that buying shares of Tesla is smarter right now?
I went and dug into this because of course I did. No tax benefits. They create a corporation that owns the collectible and sell common shares in the corp. You get taxable distributions like dividends and would recognize taxable gains if you sell your shares.
I think rich people just buy the item directly and call it a charitable donation or something because the art dealer is registered as a not for profit or some BS like that.
A super common tax scam is to buy art in NY and have it shipped to a no tax state to avoid the sales tax. The Tyco asshole who might still be in jail got nailed for this. Of course they could just hang their art in a state other than NY, but why do that when you can just cheat?
welp we just went from decent recovery to off a cliff in the last hour or so
If you WERE going for max YOLO, may I suggest the upcoming Palantir IPO?
If you were a techbusinessbro, what Tolkein artifact would you name your company after?
Nazgûl sounds better imo.
Because of my self destructive streak, I read a little more on this stuff. Here’s a neat trick:
Buy a painting for $100,000
“Donate” the art to you friend at the museum
Have your other friend the art appraiser assess the value as $5,000,000
Claim $5,000,000 charitable donation on your taxes
The number are made up but apparently this is a delightful way for rich folks to reduce their taxes while being written up in the NYT as philanthropic heroes for donating $5,000,000 to the Met or whatever.
This reminds me of a former colleague who was well-known to be a wine connoisseur with a large collection of expensive wines.
When we would recruit people or otherwise host guests, it was standard to take those guests out to dinner. Of course, the university would reimburse us for the cost of the dinner. Well, this person would bring his own wines to BYOB places and (allegedly) would get reimbursed for the market value of the wine he brought, thereby liquidating (hah!) his asset at a gain without incurring capital gains.
Moreover, this person would (allegedly) intentionally select wines from his collection that he knew to be overvalued or likely to be bad in order to cash out rather than have to drink the subpar wine.
There are (allegedly) scumbags everywhere.
There was a Planet Money episode on this, but apparently there are all kinds of tax dodges you can pull by buying a bunch of art and storing it in a warehouse somewhere.
