So I'd recommend reading this thread from Dave, but I thought about some of these policies, and how they fit into the whole, a lot, and want to offer a different interpretation.

In much of SF, you can’t walk 20 feet without seeing a sign declaring that Black lives matter and no human being is illegal. Those signs sit in yards zoned for single families, in communities that organize against the new housing that would bring those values closer to reality.

Poorer families — disproportionately nonwhite and immigrant — are pushed into long commutes, overcrowded housing and homelessness. Those inequalities have turned deadly during the pandemic.

And it's not just SF:

"What we see at times is people with a Bernie Sanders sign and a ‘Black Lives Matter’ sign in their window, but they’re opposing an affordable housing project or an apartment complex down the street," @Scott_Wiener told me.

There is a danger — not just in California, but everywhere — that politics becomes an aesthetic rather than a program.

It’s a danger on the right, where Donald Trump modeled a presidency that cared more about retweets and owning the libs than passing bills.

It’s also a danger on the left, where the symbols of progressivism are often preferred to the sacrifices and risks those ideals demand.

Democrats have a lot of good ideas to help people fast, and visibly. They have good ideas for deepening democracy, like the "For The People Act." But if they let Senate Republicans filibuster everything, they will lose in 2022, and they will deserve it.

A lot of them understand this. “I’m going to do everything I can to bring people together,” Senator @RonWyden, who will chair the powerful Senate Finance Committee, told me. “but I’m not just going to stand around and do nothing while Mitch McConnell ties everyone up in knots.”

“This is a fight not just for the future of the Democratic Party or good policy,” Senator @BernieSanders told me. “It is literally a fight to restore faith in small-d democratic government.”

“I’ve said to the president-elect, ‘reach out across the aisle...But don’t let them stymie your program,’” @WhipClyburn told me. “You can’t allow the search for bipartisanship to ruin the mandate the American people gave you.’”

“It’s not a question of if the filibuster will be gone, but when it’ll be gone,” former Majority Leader Harry Reid said. “You cannot have a democratic body where it takes 60 percent of the vote to get anything done.”

So I've been reporting a story about how you'd fix the impeachment process. It doesn't work for removal, as currently designed. Impeachment was built for a political system without parties. It fails in a system with polarized parties.

The one time it functioned as intended, confusingly, was the time it didn't happen: Richard Nixon wasn't impeached! But the impeachment process, which came at the low ebb of party polarization in American history, convinced his party to force him to resign.

Would Republicans force Nixon to resign today?

Oh, you're cute. Thank you. I needed that.

The problem of impeachment is pretty simple: Presidents are leaders of parties. Parties are tied to the political fortunes of presidents. You're asking a party to basically wreck its immediate political future for the good of the system.

This doesn't just have the effect of making impeachment ineffective as a remedy. It's worse than that. It makes impeachment dangerous to the president's party, and gives them a reason to defend him and either normalize or minimize his crimes. As we are seeing right now.

1. If you turn on CNBC, you'll hear a narrative that reckless retail investors from Reddit are destabilizing the stock market by driving up prices for GameStop and other stocks.

This is BS.

Follow along if interested.

2. Market instability was created by hedge funds and other "sophisticated" investors that SHORTED MORE GAMESTOP STOCK THAN WAS EVEN AVAILABLE FOR SALE

Retail investors are exploiting instability created by the hedge funds

They didn't start the

3. The primary "victim" of the retail investors, hedge fund mogul Gabe Plotkin, worked SAC until 2013.

What happened in 2013? SAC pleaded guilty to insider trading and paid a $1.3 billion fine.

Plotkin then left to start his own firm.

4. Plotkin made massive returns by doing a lot more shorting than most hedge funds & no one complained

But this week he was bailed out by his old boss, SAC founder Steve Cohen, and another hedge fund mogul, Citadel's Ken Griffin to the tune of

5. Cohen & Griffin now own a significant piece of Plotkin's firm. So they have an interest in Plotkin navigating out of his current predicament. They also may have exposure themselves.

This is where things get

1/ Vanna’s a widow maker... waging war with her & Gary is exhausting... we were able to take a textbook short at 3803 and take a profit On half at 3771. We will look to add more in a similar way on tomorrow morning’s likely vanna rally again... looking for exuberance once again

2/ in that 9-10am CST window. The growing chorus of bulls emboldened by Vanna’s continued support the last few days gives me confidence that this opportunity will be there again. W/Gary & Vanna behind them the retail exuberance is rising to a fever pitch. This is exactly what we

3/ want to see. But what happens when their backup is gone?? Who’s going to buy this market at these increasingly higher levels this week. Better yet who’s going to buy it @ lower levels when they are forced to sell next week? Not Vanna. She’ll be @ the beach. It ain’t cool bein’

4/ no Jive Turkey so close to Thanksgiving (OpEx)... Bear Steepening of the yield curve took a breather yesterday & so did the stair steps, which was a bit discouraging, no 2 ways about it. But those pressures are far from over. But... remember w/ Vanna still at 1/2 force SPX was

5/ still just unchanged. W/out EOD vanna flows where would the market have been yesterday? The NDX generals continue to be violently shot 1 by 1 as the rotation continues. The last generals will be BTC & TSLA. Watch them closely... listen closely into the rally. The fear of Covid

A thread of Popular brand names you've been mispronouncing all this time

I just read all of Jeff Bezos's 23 letters to Amazon shareholders. And here's a thread with just one key-takeaway from each of these letters.

So if you're an artist or an entrepreneur looking to get some insight into the mind of this genius, read this right now.

1997: Focus relentlessly on your customers and long-term growth.

1998: Here are the 3 criteria Bezos wants managers to consider when hiring (to set the bar high):

1. Will you admire this person?

2. Will they raise the average level of effectiveness of the group?

3. Along what dimension might this person be a superstar?

1999: How to think long-term? Think: it's good enough today, but it will get so much better.

2000: "In the short run, the market is a voting machine but in the long run, it is a weighing machine.” - Benjamin Graham

We aren’t 10% smarter when the share goes 10% up, nor 10% dumber when it goes down. We want to be weighed, & we're always working to build a heavier company.

Diff between Bajaj Finance and HDFC bank customer experience

My friend who got loan from both says BAF charged him 4% higher interest rate than HDFC bank. But process of disbursement was so fast and simple that he got amount in his account in 2 days. While HDFC bank took 2 weeks

It’s all about cost saving against convenience/urgency. I think Bajaj Finance has a very good value proposition.