If you choose a 30 year mortgage over a 50 year mortgage you’re financially retarded. The difference between a $400k loan at 6% interest is $300 a month. Sure you end up paying $600k more in interest. But the $300/month is equivalent to $4.4m if invested in the s&p500…

Donald J. Trump Truth Social Post 02:10 PM EST 11/08/25

This image always blows my mind! Trillions of galaxies, the magnificence of it all. Yet most humans caught in their ego, power games and hatred ....what a shame.

1/ We've had a few questions come in on "implied correlation" and how that influences our broader risk perception.  In simple terms, implied correlation is the OUTPUT from the relationship between index volatility and the volatility of each index component. 🧵

I *will not* allow Blackstone to come into Florida, buy up entire neighborhoods, and force out families who just want to buy a home. Blackstone has done nothing for our country or our state. It’s time we stand up to them.

🎵🎵Always look on the bright side of life.... doo doo... doo doo 🎵🎵

If you want to help the poor, then lower taxes on the rich. What helps the poor is a productive economy that makes goods and services more abundant and less expensive, while creating employment opportunities. The capital investment that makes that possible comes from the rich.

Shutdown Risks Turning Into Real Drag Normally shutdowns don't really matter, but as it drags on for longer the drag from paused wages and reduced staffing is ramping up, creating risk markets are underpricing the impacts ahead. bobeunlimited.substack.com/p…

Household debt is at an all-time low

Think I just freaked out @LizClaman with my nihilistic stock picks of GOOGL, ORCL, and AVGO as the biggest current beneficiaries of the "passive bid." "Aren't you worried about valuations?" "Valuations are insane! But that helps in a passive dominated world."

Imagine that...

His understanding of Bitcoin isn’t accurate, specifically regarding credit creation using Bitcoin as an underlying asset. MicroStrategy (MSTR) is the perfect example, particularly their preferred stock products. STRC, STRK, and STRD are all credit instruments being emulated by many other Bitcoin treasury companies. The way it works: you issue stock like a bank issues credit via a loan or mortgage. You use the revenue (credit) from the stock sale to buy the underlying asset (Bitcoin for MSTR, or a house for a mortgage), then collateralize the asset like Bitcoin for MSTR and package that collateralized debt as preferred stock. You pay a fixed quarterly or monthly dividend, like a bank receives monthly interest from mortgage payments or an investor receives from a mortgage-backed security. When the underlying asset appreciates, you refinance. Rinse and repeat until you own all the assets. The credit market for Bitcoin will be immense; MicroStrategy is the pioneer, and many will emulate it. His third point about the monopolistic function of Bitcoin is correct but incomplete. Bitcoin is infinitely divisible (people will strive to own 0.000000001 Bitcoin or denominate in ‘Sats’). If an economy consistently buys more Bitcoin, transacts in Bitcoin, and creates credit with Bitcoin, the percentage ownership of a single whole Bitcoin will decrease, pushing its price higher. Due to its fixed supply, it is inherently deflationary—the opposite of our current fiat system, where dollars are devalued through inflation and new credit creation by banks. There will always be people at the top of a pyramid, as in everything. Fiat pulls you further down the pyramid; Bitcoin lifts you up. Deflationary currency > inflationary currency. Treating Bitcoin as a store of value is the perfect non-threatening Trojan horse to acclimate the economy and banks, encouraging them to add it to their balance sheets. Once it becomes a store of value for the people ✅, major institutions ✅, and banks ☑️, it's a small step to using it as everyday transactional currency. It may be the only thing that can save us from inevitable Central Bank Digital Currencies (programmable and controllable currency), which are being piloted in real time in several countries. The BIS openly states so.

What percentage of your stock portfolio is in foreign stocks?

Here is the repost below shown as a chart. Red is the stock market. It’s going straight up. Rate cuts help. Blue is consumer sentiment, it’s going straight down and is near a multi decade low. Inflation (affordability) is driving this measure lower. Rate cuts hurt.

FWIW - From the Tesla pay package to OpenAI's want for government guarantees, Big Tech's supersized wants feel not only decoupled from but completely tone deaf to current consumer mood.