Yeah that’s the formula. But there’s “throw money at long shots” and there’s “throw money at any connected founder that walks into your office regardless of how stupid the idea.”
That or there’s more to this note-taking thing than meets the eye. Someone in a twitter reply mentioned it was aimed at employers. Maybe it’s some way employers can spy on their employees.
The one with the McKinsey lady seemed more like a personal assistant type gig
Got almost to 20 seconds before realizing this was satire.
Red pill / Hustle Mindset social media is insufferable.
https://twitter.com/carolinebano/status/1551992630782877699
This one nails the landing.
Strangely this guy didn’t like it.
The $1 a day for a year = $30,000 didn’t tip you off? I guess maths isn’t everyone’s strength.
Your 2nd sentence is exactly why I thought this was believable.
I could totally see some douchebag rich hustlebro podcaster saying that unironically.
It just means as you go for longer term bonds the annualized return is less.
Yeah I know I was just being a smart ass
I do have a legit question though: My little meme stonk AMC is apparently doing a 1-for-10 reverse split. Shares are down 17% today on the news, thanks guys. Anyway, I only own two shares of this turd, how many will I own after the reverse split?
AMC will own two shares of you
I think it means you’ll own 0.2 of a share. (Edit: I stand corrected, see JohnnyA’s post #1337)
The price drop was because of the yes vote on the APE conversion, though I think that still has to go through the chancery court (otherwise APE would have shot up today as Matt Levine predicted weeks ago, and the AMC plunge would have been larger).
That guy had $73 million of stock when they went BUSTO
Levine nails it as usual.
But I think the modern bank-regulatory view is that the point of a bank deposit is that you shouldn’t have to worry about it , and that it is a failure of bank regulation if depositors of any size have “to actually give a moment’s thought to the riskiness” of a bank. (Bank deposits are meant to be “information insensitive.”) There are vast areas of life where we don’t worry about moral hazard. We don’t say things like “the moral hazard of food safety regulation is that we’ve greatly reduced the incentive for consumers to give a moment’s thought to the riskiness of their supermarket’s supply chain.” That’s not a thing you’re supposed to think about!
Similarly the riskiness of a bank’s asset/liability mix is absolutely a thing that lots of people — bank executives, bank directors, bank regulators, bank shareholders, bank derivatives counterparties — are supposed to think about.[[4]](file:///private/var/containers/Bundle/Application/C23C1937-F90B-4BC3-B4AD-D56461448795/Gmail.app/#m_-6810154350162377538_footnote-4) But not, generally, in 2023, depositors. Opening a bank account, for an individual human but also for a business that needs more than $250,000 in cash to conduct business efficiently, is not meant to be a high-stakes investment decision that requires extensive due diligence.[[5]](file:///private/var/containers/Bundle/Application/C23C1937-F90B-4BC3-B4AD-D56461448795/Gmail.app/#m_-6810154350162377538_footnote-5) It’s a bank account! It’s just supposed to work.[[6]](file:///private/var/containers/Bundle/Application/C23C1937-F90B-4BC3-B4AD-D56461448795/Gmail.app/#m_-6810154350162377538_footnote-6)
That’s funny because Merril will not let you buy fractional shares
And I always thought a reverse split was a sign of distress for a company so I assumed that was the reason for the decline but I guess it could be both
