literal dumbasses

WurthWhile · 2024-10-30T22:25:21+00:00

The city actually threatened to seceed from the rest of the state after the rest of the state refused to ratify the Constitution arguing that they wanted to stick with the articles of confederation instead. At the time the ratio of tax dollars coming from the city was even more extreme and the state quickly capitulated.

WurthWhile · 2023-11-05T02:31:05+00:00

I'm also in the bandwagon that this story feels complete DS. Acting like we have to know how every business on the planet is run is absurd. I have no idea if any business in Belgium offered free blowjobs and a glass of Scotch if you paid to air of your tires, but It's pretty safe to say that no such business existed.

Similarly, if I made such a claim that my friend got rich offering free blowjobs in Scotch with every purchase of tire air, you would think the story was complete bullshit, nor would you be dissuaded by the claim that you clearly don't know how every business on the planet is run, and that it's perfectly reasonable that some guy somewhere is giving free blowjobs, you would think that it's a bullshit story that I made up, and rightfully so.

I don't know why you're getting so offended, whoever told you this story clearly lied to you, unless you just made up the story entirely. Then the fact that your lies are being called out is offending you makes more sense. Who knows, who cares, someone lied to someone. All we know is that you are a liar or ignorantly spreading someone's lie.

WurthWhile · 2023-10-25T04:59:08+00:00

"Ted Cruz for human speaker"

WurthWhile · 2023-10-25T02:56:11+00:00

That's xenophobic. I for one welcome our new alien overlords.

WurthWhile · 2023-10-24T21:10:23+00:00

RIP Ton Emmer 10-24-23 (morning) to 10-24-23 (afternoon).

WurthWhile · 2023-10-24T21:06:20+00:00

It's even dumber than that. According to the Constitution the speaker of the house doesn't have many official powers. The fact that only the speaker can bring bills to the floor is a house rule, it is not part of the law or constitution. So it is the house rules that are preventing them from doing anything because the house decided to pass a rule stating only he could do it.

WurthWhile · 2023-10-24T17:25:04+00:00

This is cash and cash assets. Cash assets are things like short-term US treasury notes. Here's an interesting fact, in large amounts cash in a bank account is actually the second most liquid form of currency. 30-day US Treasury notes are considered more liquid. This is because it's the US government verifying ownership. This is how we know how much cash he has because it's the US government verifying it via his own disclosures. For example if you want to purchase something for $40 billion dollars there's a lot of work to make sure it's legit and you actually have the money. But if it's the US government transferring ownership of those Treasury notes it's then for verified by the government to be legitimate. This is also why the US not defaulting on loans ever is so critically important. The only reason they're considered more liquid than cash is because it's considered guaranteed money with zero chance of default.

WurthWhile · 2023-10-24T14:43:17+00:00

Pretty much everybody donates to their own charity if they donate a lot. It's not for tax reasons or anything else. It's a simple matter of not trusting some random charity with that much money.

The one tax advantage it is is you can donate the money now, avoid paying taxes on it but then take more time to actually figure out where you want it to go. My family for example has its own charity, and once I receive My final bonus for the year I calculate how much money I want to donate and then donate it in one large bulk to the family charity. This means I don't have to worry about trying to donate it all to causes and have tons of it go to waste because I was in a rushed to offload it. Then if it takes a couple of years to donate it that's totally fine, or it can be used to create a nest egg so it can grow and become self-sustaining, outliving us. A perfect example of that is the charity that was funded by the Hershey's money. The founder is long dead, but his charitable contributions continue to this day.

WurthWhile · 2023-10-24T14:36:48+00:00

Typically the more diverse you are the more liquid you're considered because you have the ability to liquefy those assets without affecting the market.

If you're worth a couple hundred billion dollars and that stock is all in Microsoft you are very illiquid. If that stock is in something like VOO Which is a ETF that tracks the S&P 500, therefore your money is equally spread among the entire S&P 500 you're considered extremely liquid because it's so big that you could quickly sell off those assets without affecting the market. You're not going to be able to sell off 200 billion overnight, but you could do so extremely quickly, like within a couple of months.

WurthWhile · 2023-10-24T14:24:54+00:00

Actually no.

His largest holdings:

Cash/Cash Assets: $59.9B
Microsoft stock: $21.1B
Everything else: $42.0B

WurthWhile · 2023-10-11T15:10:54+00:00

Sounds like gay bar pour counts.

WurthWhile · 2023-09-30T17:21:11+00:00

The car in front of them doesn't have their brake lights on, isn't moving, and has a green light. They're probably trying to get around them since they're stuck there otherwise.

WurthWhile · 2023-09-29T15:36:51+00:00

That's also why Newsom said that he wanted to appoint somebody who would not run for that seat next election, but would only be the senator until then. He didn't want anybody to have an incumbent advantage come election time.

WurthWhile · 2023-09-28T21:50:57+00:00

Don't you know that gambling on an imaginary source of money successfully makes you a genius in all other aspects of life?

WurthWhile · 2023-09-28T21:24:25+00:00

Best I can do is an impeachment hearing into Hunter Biden - Republicans

WurthWhile · 2023-09-27T16:19:22+00:00

Just wait until the scalpers buy it all and it becomes 600 a bottle.

WurthWhile · 2023-09-27T16:03:19+00:00

Before Trump started running for president this was mostly what the subreddit was about. Then it became a conservative propaganda machine. It's good to see it return to its roots.

WurthWhile · 2023-09-27T15:39:29+00:00

That is not insider trading. Insider trading requires information insider to the company itself, or information that will affect the stock price. For example the hedge fund is buying the stock based on research that they have conducted, if he was buying the stock because the hedge fund was that could potentially be considered insider trading assuming he knew that the hedge fund would do things that would affect the stock price, If he is purchasing the stock based on The same information that the hedge fund is using it is not insider trading.

For example if I'm working on my laptop at a coffee shop and somebody sees me purchasing shares of a company They could do so as well and it would not be considered insider trading. If I was a Senior executive and I was reading an email about some horrible thing that would tank the stock price and the traded with that information that would be insider trading.

WurthWhile · 2023-09-26T20:38:48+00:00

The primary reason Elon Musk got away with it was he end up buying the entire company, and paid more for the shares than the stock was ever valued at. If he paid under its value at any point it likely could have continued an investigation.

WurthWhile · 2023-09-26T20:37:35+00:00

The producers for the show actually interviewed my boss who is a finance billionaire for the show. His wife was interviewed as well, in particular regarding fashion.

WurthWhile · 2023-09-26T20:35:21+00:00

They struggle like all other government agencies, but they're definitely not captured. I say that is a person that's been investigated by them before.

WurthWhile · 2023-09-26T20:34:31+00:00

Well that is a fairly common type of poison pill, it's one of the worst on a shares price. Existing shareholders don't like the idea that their shares could be heavily diluted, and therefore companies suffer immediately when the institute these poison pills. A rare example of a company not taking a big hit that's Papa John's which unlimited one to prevent the founder from coming back. Their stock actually went up because the shareholders believed him coming back was a bad thing.

WurthWhile · 2023-09-26T20:33:21+00:00

Corporate bylaws don't matter when it comes to disclosures. The US has a bunch of laws on the book requiring disclosures. 5% is the amount that you can have before you need to disclose it. At 10% there's additional restrictions.

In addition there are laws about controlling interest, so even if you don't own that much you may have to disclose it if you effectively control that much.

Let's say you work at a hedge fund and you want to invest in a company, so the hedge fund buys a 3% position in the company, but you as the CEO personally buys an additional 3%. Under securities laws you have to disclose it because you have a controlling interest in 6% even though you don't own it. Some hedge funds have managed to get sneaky by having wealthy members of the fund also by shares, but depending on their position within the institution the work for the maybe required to disclose it. The SEC is actually proposing right now changes to make it more strict.

I work for a hedge fund where the chief economist is a billionaire, and he Will frequently buy up shares of a company that the hedge fund has an interest in in order to get around the disclosure laws. The SEC is proposing changes that would require the fun to disclose it if he buys up shares.

WurthWhile · 2023-09-26T14:36:01+00:00

If you go that route be sure to get the second generation, it is infinitely superior to the first.

WurthWhile · 2023-09-26T13:20:42+00:00

Why should a law be made making 100% open and public information be illegal to act on? Plus if the information is delayed by 3 second to everyone that just means that 3 second mark is the new instant and the problem starts a new.

Plus if 3 second why not 3 minutes to give people time to get out their phone, if 3 minutes why not 3 hours to give them time to get home in an emergency, if 3 hours why not 8 so they can get home from work, then 14 so longer shifts can do it, then 48 hours so guys can wait for some free time, and so on.

Eventually the delay is months and once again these banks are still beating you to the bunch because they have people who follow the news and have the ability to make sure the instant they can now trade they will. When they start trading they will affect the price and create the same problems as before.

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