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Ansem explains the problem with the trenches and how to fix it "Everybody's been trading these $10K market cap coins and not holding anything. The average hold time has been like 30 seconds" "The way you actually make money during bull markets is holding things for an extended period...

30,872 次观看 • 1 个月前 •via X (Twitter)

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Bill Ackman, CEO of Pershing Square Capital Management, on how short selling actually works, explained so simply that anyone can understand it: Most people know how to make money when something goes up in value. Buy low, sell high. Simple. But making money when something falls? That's where most people get lost. Bill Ackman breaks it down with a simple analogy: "Imagine for a moment that a friend of yours collects rare coins and you have the view that those coins are going to go down in value." Here's how it works: You call your friend and ask to borrow a few of his coins. He agrees. You then sell those borrowed coins in the market for $1,000 each. Then you wait. Your prediction turns out to be correct. The coins drop in value to $500. You go back into the market, buy them back at the lower price, and return them to your friend. The math is straightforward, as Bill Ackman explains: "You've sold them for $1,000. You've repurchased them for $500. You've made $500 on each coin." Your friend gets his coins back exactly as they were. And because he loaned them to you, he also earns an interest payment in the process. "He's happy because he's made interest lending you the coins. You've made money profiting from the decline in the value of the coins. And that's short selling." Borrow. Sell high. Buy back low. Return. Pocket the difference. That's the entire mechanics of short selling, stripped of all the Wall Street jargon and explained through a coin collection.

Big Brain Business

39,834 次观看 • 4 个月前

I have a friend who doesn't read anything published in the past 50 years, and the more I think about it, the more I think he's onto something. The reason is that time is the best filter we have for quality. People are bad at judging quality in the moment but very good at getting rid of junk over time. — — "History is not very good at capturing all that is great in art. It is not good at that. There are many great symphonies that have been lost permanently, there are many great painters that died unknown and their paintings are gone, there's novels that have been written that no one will ever read. So history is not good at capturing all this great art. But history is very good at discarding all that is mediocre. And the amount of time that that takes, it's something like 50 years. So over the course of 50 years, what will happen is a lot of stuff that was prominent will be re-filtered and re-filtered and re-filtered, and you'll end up with a smaller group of things which have survived that test of time. So if you think about it right now, if you go back and look at the bestseller lists for 1974, 1973, there's a lot of that that would have been highly regarded at the time, which people do not read anymore for a variety of reasons, and there's some that has survived, and that's a very telling distinction. So in a world where I'm turning 60 this year, you have a limited amount of time, all four of us have active lives, we want to make sure that if we're going to sit down, we're going to read carefully, we're going to meet and we're going to discuss it in detail, we want to make sure that the work is rewarding. And the best way to ensure that is by drawing from the past." amor towles

David Perell

86,765 次观看 • 1 年前

Matt Damon participated in Howard Zinn's great "The People Speak" series, and read out a great speech by Zinn about the importance of civil disobedience, which is as apt today as when he first wrote it in 1970: "I start from the supposition that the world is topsy-turvy, that things are all wrong, that the wrong people are in jail, and the wrong people are out of jail. That the wrong people are in power, and the wrong people are out of power. I start from the supposition that all we have to do is think about the state of the world today, and realize that things are all upside down. If you don't think, if you listen to TV, read scholarly things, you actually begin to think that things are not so bad. Or that just little things are wrong. But you have to get a little detached, and then come back and look at the world, and you are horrified. So we have to start from that supposition—that things are really topsy-turvy. And our topic is topsy-turvy: civil disobedience. As soon as you say the topic is civil disobedience, you are saying our problem is civil disobedience. That is not our problem…. Our problem is civil obedience. Our problem is the numbers of people all over the world who have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience. And our problem is that scene in All Quiet on the Western Front where the schoolboys march off dutifully in a line to war. Our problem is that people are obedient all over the world, in the face of poverty and starvation and stupidity, and war and cruelty. Our problem is that people are obedient while the jails are full of petty thieves, and all the while the grand thieves are running the country. That’s our problem."

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297,607 次观看 • 1 年前

The truth came out DC Lobbyist Desirée Townsend spoke with Congress Reps. The REAL REASON Democrats are fighting for illegal’s healthcare is because states like California have so many illegals their entire healthcare system runs on the taxpayer money for illegals “Let's take California, for example. California has a high demographic of individuals that are not here legally, and prior to the expansion of healthcare for them, the hospitals were inundated with people they could not handle. And so, when that expansion happened and immigrants who are here, undocumented immigrants that are here were able to get insurance, all of a sudden, you then had this new kind of revenue stream that came in not only to the hospitals but now to all these doctors and providers in California. — California will be a catastrophe because you'll have all of these individuals now that are not documented with no health insurance. So, all of the providers that were making money off of this kind of, like, new economics in California are- are now not gonna be making any money. And instead, these individuals that are undocumented are gonna have to go to the hospital for treatment, and that's going to, instead of make the hospital money because they're covered by Medicaid, it's going to create a situation where now the hospitals are losing millions of dollars. So, that is what I believe the sticking point is with Medicaid with Democrats. It has to do with a situation in states like California where you have millions and millions of undocumented individuals, um, and if they lose insurance, not only will the providers now not make money and the hospitals are not making money”

Wall Street Apes

1,059,392 次观看 • 10 个月前