Interested in: Special Situation Investing, Frauds/Fads/Failures, Macro & many other things. Question unchallenged assumptions.
I will never forget this conversation I had with this French American. She told me: “I immigrated to the US from France, 20 years ago. I love NYC, but I don’t get how I pay the same tax rate in ‘capitalist’ USA as I did in ‘socialist’ France...but I get less for my tax $ here.”
Saving this one. Have heard the same exact arguments for every fraud that has gone to zero: Argument 1: “stock price, bro!” Argument 2: “they sell real products, bro!”
Given July 4th is right around the corner, I wonder how many Americans are even aware of its own history ... and how much excess taxation played a role in our independence movement from the colonizer...
"E-Trade’s average account size is $69,230 and Morgan Stanley’s is $900,000, while a survey found most of Robinhood’s held $1,000 to $5,000."
The McKinsey track record: Valeant Purdue Pharma Enron Saudi Government Allstate, State Farm Insurance Hoax South Africa Corruption/Theft Puerto Rico Theft Criminal conduct in bankruptcy Houston Astros cheating scandal
"Strong minds discuss ideas, average minds discuss events, weak minds discuss people." - I know I'm repetitive but some ideas are worth it