BANNED USER: terrible poster who never improves
sliders1234
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User ID: 685
Banned by: @Amadan
sliders1234
5mo ago
I meant to add that point. So I agree. Everything is shown in a partisan politics mode now.
If someone that can be called right does something bad it’s used to bludgeon the right. If the left does bad it’s like peaceful protest or something and covered up.
A better would would not publicize these things.
sliders1234
5mo ago
It seems like common sense to suppress the manifesto. Same reason you don’t publicize suicides. These things all have a huge amount of social contagion.
I agree there is nothing where releasing it interferes with the investigation, but that is a good reason to declare as the reason not to release. She was a crazy person who did crazy person things. It was unlikely she had co-conspirators.
sliders1234
5mo ago
Yea maybe. Something seems off on how they structured it.
Also, note the estate sold the shares to the company for $3 million. So it seems like the estate got $3 million.
The surviving brother got a big gain but not thru the estate since the shares were sold to the estate for $3 million. It would seem as though the estate would have a short term capital loss if the asset was worth 5+ but sold the asset for $3.
sliders1234
5mo ago
There is no practical difference here in what you are trying to say which I think is “it’s just a believe the Church is really special” and “ I pledge an oath to the Church”. The former in many ways is much stronger because it’s believing in something versus an oath you just sign and get punished or something if you violate it.
sliders1234
5mo ago
But what is the insurance contract worth before he dies? They could be 20 year olds and hence the expected value is 0. They could even be 70 year olds and I guess you would say it has high expected value. They might owe future premiums which means the insurance has no guarantee of having value etc.
There might be another wrinkle in the life insurance case. I think that example as a use of life insurance is on FINRA exams. Which is a self-regulatory organization. Which are sort of government sponsored but run by industry. So they can ban you from the industry and make you unhirable but you can’t sue for them for antitrust etc. If my recollection is correct you have this sort of government agency teaching their bankers that this use of insurance was correct and would produce those tax benefits. Now you have another government agency saying nope that’s wrong pay us.
Also it’s a bit weird because before the guy died the company did not have that money. After they did. But what occurred first? The guy died and that’s the value then the company gets 3 million because he died? Or the company gets 3 million because the guy died and now the company is worth more? It’s seems like a simultaneous event.
“A self-regulatory organization (SRO) is an organization that exercises some degree of regulatory authority over an industry or profession. The regulatory authority could exist in place of government regulation, or applied in addition to government regulation. The ability of an SRO to exercise regulatory authority does not necessarily derive from a grant of authority from the government.“
I think it’s clear these type of organizations could not exists without government support based on this definition. So I think it’s clear that things like FINRA are basically government run by industry. A lot like unions that wouldn’t exists without the government protecting them.
“Interests is vague”. It’s really with respect to the Church interests that matters. And certainly things you can’t contradict.
So I disagree. Those are not practicing Catholics.
Whether you want to get in semantics I guess you can call them Catholics but they are not practicing Catholics. Which is why they can get elected to US office at high levels.
I feel like you are making trademark law style arguments. If the Catholic Church doesn’t excommunicate everyone tightly then they lose the right to ever have standards and therefore Catholic becomes a meaningless descriptor.
sliders1234
5mo ago
Professing a belief in the Catholic Church (that you believe in their teachings) where the Pope has Papal Primacy and the legitimacy of the Church is based on a direct lineage from Peter isn’t the same as an oath to the pope?
Words have meaning.
sliders1234
5mo ago
The question is what is the oath.
There is a fundamental difference between sin and not believing in the church.
sliders1234
5mo ago
I doubt we even have any good data to disprove or approve on whether segregation is good. In part because of how much our housing market filters for school quality and prevents income level mixing. You would have data where the blacks in a 3% black school perform extremely well but their parents are paying $20k a year in property taxes so relatively high income. And then you would look at a 90% black school in West Baltimore and see that those kids do awful academically. The human brain just can’t process that much information especially when there will be academics promoting bad data that constantly needs refuted.
Relatedly I always wander if there is anything positive in the Florida school system which has very high Hispanic test scores. Are Florida Hispanics just filtered better for high income? In one sense they did get a huge amount of Cubans though that likely tilts heavily upper class though such a large percent it does include a lot of people. On the other end Miami is the capital of Latin America and draws the upper class in huge numbers.
For my tribe I want to say everyone should just copy Miami’s school system, but I am guessing a large amount of it is filtering.
sliders1234
5mo ago
Nicene Creed
I believe in one God, the Father almighty, maker of heaven and earth, of all things visible and invisible.
I believe in one Lord Jesus Christ, the Only Begotten Son of God, born of the Father before all ages. God from God, Light from Light, true God from true God, begotten, not made, consubstantial with the Father; through him all things were made. For us men and for our salvation he came down from heaven, and by the Holy Spirit was incarnate of the Virgin Mary, and became man. For our sake he was crucified under Pontius Pilate, he suffered death and was buried, and rose again on the third day in accordance with the Scriptures. He ascended into heaven and is seated at the right hand of the Father. He will come again in glory to judge the living and the dead and his kingdom will have no end.
I believe in the Holy Spirit, the Lord, the giver of life, who proceeds from the Father and the Son, who with the Father and the Son is adored and glorified, who has spoken through the prophets.
I believe in one, holy, catholic and apostolic Church. I confess one Baptism for the forgiveness of sins and I look forward to the resurrection of the dead and the life of the world to come.
Amen.
sliders1234
5mo ago
If you are going to trash an idea for peace you need to propose other actions that will result in peace.
sliders1234
5mo ago
Agree it’s primary about raising larger amounts of capital. The system does have means to incentivize management in public companies so trading in stocks does still have a purpose.
For larger companies you could actually have a debate on whether the management incentives are better being private or public. I would probably start with something like for more complex orgs the wisdom of crowds is smarter than one owner etc. Price signals from markets interpret information faster than a small group of owners.
For other Christians I think/hope they would likewise say loyalty to God and his teachings would have always trumped State. In the past they had less conflict because the State was more explicitly their form of Christianity. And their teachings were not explicitly bound by a rule maker in another country but were more like a conscience or Holy Spirit type thing.
Nicene Creed also gets close to being an oath.
Papal Primacy.
There are some complications in theology but basically that.
And yes I think there is a fundamental difference between a sinner out of commune with the Church for their personal behavior and someone who promotes others to sin.
I am Catholic. It’s not some popular historical excuse. It’s legitimate.
And yes if you publically declare yourself against fundamental Catholic doctrine you are in fact not Catholic. You are ethnic Catholic.
The reason Catholics could not be POTUS is because we had an oath to the Pope. If your not doing that then I don’t know what to say. You are just an ethnic Catholic.
I would betray the US for Rome. Though in reality I would not be betraying the US for Rome I would be leading the US on the correct path.
sliders1234
5mo ago
We probably do have excess trading versus what would be efficient for the economy. People like the game.
But a person doing direct investing in something producing cash flows for 50-100 years probably doesn’t actually want to be invested in that thing for 50-100 years.
I’ve always like the idea that public companies are like a report card for companies. Having to constantly convince people to own your stock makes companies perform better. How many people learn calculus because they opened a book versus they had a deadline to take a test? And then public markets do provide a means of changing management if the assets get cheap but the company isn’t making appropriate profits.
sliders1234
5mo ago
Update.
Biden gives GOP better deal on border thru Executive Order. Looks like the GOP was correct.
sliders1234
5mo ago
Then those people aren’t in communion with Rome either. Being Catholic shouldn’t be easy. Going to the gym isn’t easy.
This is like saying a 500 lb man is attractive because he thinks he’s attractive.
sliders1234
5mo ago
I am seeing a 2/3 majority in Senate with center-left Movimiento Ciudadano so I guess that makes them the potential blocking party and have no idea on who they are.
sliders1234
5mo ago
Looks like it’s still 50% materials, banks, and telecom but I bet that is still down a ton. Often it’s 100%.
I only looked today because it was interesting. My guess is if you bought today or tomorrow on election news and you bet that she won’t be a crazy commie and are right you probably get something like a 30% 1 year return. 10-12% discount from the election. I am seeing 10-12% expected earnings growth. And if the market rerates to she is a reasonable person you probably get 1-2 turns in valuation gains from pre-election. Maybe lose a little on the currency since I am guess they have higher inflation. Of course her political bias are not mine but today they priced in she could be dangerous. I do not know if she is dangerous.
On Twitter today is the day people are asking questions. There should be people answer questions in the next few days.
sliders1234
5mo ago
I did include the weirdness of a Jew in this discussion because I think it’s interesting.
The lack of Catholics in the U.S. is not weird at all. Catholics have to maintain loyalty with Rome on certain matters. That’s a problem in a non majority Catholic country. But makes them very appealing for Supreme Court Justices.
It’s questionable whether Joe is Catholic at this point as he’s not in communion with Rome.
sliders1234
5mo ago
Nasdaq went 14 years without a new high. It’s not uncommon for a market to have droughts of that long usually going from high valuations to lower valuations while still having internal growth. And then doing a new cycle to high valuations. Also I am not positive on what was in the index back then but I would guess a lot of mining and banking back then. Today it’s 30% consumer defensive. It traded 9-10 today. Mining and banking have sucked in any country. Change in industry composition within the index is likely.
I did try to leave it open ended. I was rather confused when I saw it down 10% today. Admittedly, the politics look a little scary for investors here. 10 pe with the U.S. booming and a real desire by U.S. corporations to near shore is my counter.
sliders1234
5mo ago
Something interesting is happening in Mexico. I will preface by saying this is a fact-finding point of analysis at this time but seems interesting. I have not yet made up an opinion on the situation.
Today Mexico elected Claudia Sheinbaum. Despite being widely expected Mexico etfs and markets took a huge dive. EWW appears to be one of the more popular etfs and was down 11% today. Milei and Trump each had big day 1 sell-offs but if my memory is correct both after winning elections had calm and relatively unchanged equity indexes by the close of U.S. trading.
Sheinbaum is from the same political party that has been running Mexico - AMLO. The big difference is the election was more of a landslide than expected. Super-majorities in Congress that will be able to pass whatever they want. She is even being called by the U.S. msm as a lifelong leftist. Her grandparents when they left Europe were both Jewish and communists.
On the plus side she was mayor of Mexico City and achieved a 10-15% reduction in murder (I usually think murder data is trustworthy). She does appear to be smart and technocratic but very left. I believe I saw her show support for Palestine and there is talk she will be friendly with Venezuela, Cuba, and Russia.
The other interesting thing to me is a Jewish (secular) women feels very odd as a national candidate to me in Mexico. No Spanish or indigenous roots. And Mexico’s Jewish population is extremely small (though as always there are some big hitters). Which feels very odd to me for a society to elect such an outsider (maybe Obama is close?). Also I guess she’s had some birther style attacks.
I talked to a few Mexican friends. One said he hated her and she was a communists, also said she wasn’t Jewish which surprised me as I thought most people considered Jewish an ethnicity. The other seems more open-minded.
Trump being elected could make negotiations between them tense since they are opposites on the political spectrum.
As far as markets go I want to figure out how she will govern. Mexico does seem to have some tailwinds with reshoring so the discount today looks interesting. The counter is the degree of the election victory means she has a mandate so if she does have leftist instincts I think there is a risks Mexico ends up on an Argentina or Venezuela path for a while. If you feel confident you can underwrite her politics will be more of a technocrat with leftist vibes/rhetoric but largely AMLO continuation then it’s an interesting time to pick up Mexico exposure at a discount.
https://x.com/BrazilBrian/status/1797627767808294933
https://www.nytimes.com/2024/06/03/world/americas/claudia-sheinbaum-jewish-mexico-president.html
I don’t think younger people understand how hard it was to get product back in the day. The strip was a real gem for Pittsburgh then. And for the region the chain grocery stores do suck.
It’s been a few years since I got primantis outside of the strip but the quality did seem different. Maybe other areas have improved. It makes sense that you could replicate the quality in the region but it did seem to be different before.
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