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Every time I see tweets like these I think about the tech people I've met & the $500 Lanvins so many wear. Or the $1100 Owen kicks some of the CEO's wear. The shoes look like Converse but they cost like Gucci. Some cost more. They wear designer, just not the ones you know
The other thing a lot of them do? They have bespoke casual wear. So handmade t-shirts. Custom fit track suits. Hoodies that are designed specifically for them. Mostly a very specific kind of new money wears well known labels, but they all wear designer. Stop blaming clothes
The real difference between rich people and poor people is generational wealth. That's it. Your parents can afford to pay for your education. Leg up. You inherit property? Leg up. Your family can invest 6 figures in your start up? Leg up. Rich people in America have help.
They have help from before birth tbh. Because their grandparents contribute to college funds. They buy rental property & gift it to their grandkids. They had more than enough money for their own expenses so they left money. And the parents of rich people? Rich too.
It's not the Gucci belt that's a barrier to economic stability for people now. It's not having a time machine to undo the impact of 5 generations of poverty. Even the best "rags to riches, by my bootstraps" stories have generational wealth hidden in them. Usually a friend's.
Once y\u2019all get off social media y\u2019all gonna realize the average millionaire doesn\u2019t dress in designer. A lot of y\u2019all don\u2019t realize how many you encounter in your life because they don\u2019t ever dress or appear like one. Real estate changed my whole perspective of that.
— J (@J_realbidness) December 26, 2020
The other thing a lot of them do? They have bespoke casual wear. So handmade t-shirts. Custom fit track suits. Hoodies that are designed specifically for them. Mostly a very specific kind of new money wears well known labels, but they all wear designer. Stop blaming clothes
The real difference between rich people and poor people is generational wealth. That's it. Your parents can afford to pay for your education. Leg up. You inherit property? Leg up. Your family can invest 6 figures in your start up? Leg up. Rich people in America have help.
They have help from before birth tbh. Because their grandparents contribute to college funds. They buy rental property & gift it to their grandkids. They had more than enough money for their own expenses so they left money. And the parents of rich people? Rich too.
It's not the Gucci belt that's a barrier to economic stability for people now. It's not having a time machine to undo the impact of 5 generations of poverty. Even the best "rags to riches, by my bootstraps" stories have generational wealth hidden in them. Usually a friend's.
SUBEX 💻
CMP:30
Technically given breakout at 19 only. I am posting this note after I got my own conviction.
Dont buy at one go, buy on DIP’s
-Positive points to be considered
SUBEX plans to foray into emerging verticals like Fintech&E-commerce by expanding digital trust business beyond its core area of Telecom sector
SUBEX is literally Zero /negligible debt company,hence it can focus on growth in new verticals
SUBEX main advantage is 75% of telecom companies are their clients
SUBEX now focusing on internet of things (IOT) , security and analytics and management expecting 140n to 200 crores additional revenue from new verticals
1/5 th of the global teleco’s tariff goes through company,counts British Telecom,Airtel,JIO,VI,T-Mobile,AT & T,Orannge and Swisscom and etc.
SUBEX has increased its employees by 15%
Key possitive factor for SUBEX is new and promising Management
SUBEX has massive leverage with the existing teleco customers thhey can take major advantage out of it to enhance their business in new areas such as IOT security,FinTech,Digital Trust, Cyber security & 5G.
CMP:30
Technically given breakout at 19 only. I am posting this note after I got my own conviction.
Dont buy at one go, buy on DIP’s
Till now you have seen Hero or Zero calls in F&O.
— CA Surendra Doki (@surendradoki) December 12, 2020
Let me give same call in Investment.\U0001f4b8
Who all are ready.
Based on your response only will post call along with detailed notes.
Hero or Zero in Investment \U0001f3af\U0001f9b8\u200d\u2642\ufe0f
-Positive points to be considered
SUBEX plans to foray into emerging verticals like Fintech&E-commerce by expanding digital trust business beyond its core area of Telecom sector
SUBEX is literally Zero /negligible debt company,hence it can focus on growth in new verticals
SUBEX main advantage is 75% of telecom companies are their clients
SUBEX now focusing on internet of things (IOT) , security and analytics and management expecting 140n to 200 crores additional revenue from new verticals
1/5 th of the global teleco’s tariff goes through company,counts British Telecom,Airtel,JIO,VI,T-Mobile,AT & T,Orannge and Swisscom and etc.
SUBEX has increased its employees by 15%
Key possitive factor for SUBEX is new and promising Management
SUBEX has massive leverage with the existing teleco customers thhey can take major advantage out of it to enhance their business in new areas such as IOT security,FinTech,Digital Trust, Cyber security & 5G.
The proposal for $2000 stimulus checks is divisive, and not along simple left-right lines. Lots of disagreement among progressives, with people like Bernie Sanders very pro but many others not on board. Both sides have a point 1/
My take: the economics aren't very good, but the political economy may make such checks necessary 2/ https://t.co/XY7d9E8SDY
The key economic argument, which @crampell picks up on, is that given a slump that has affected people very unevenly, aid should concentrate on those actually suffering 3/
So if you have a fixed amount to spend, unemployment benefits and maybe small-business aid should be priorities, not checks that will in many cases go to people who are doing OK 4/
But is there a fixed amount to spend? No binding budget constraint for the feds, so this is all about politics. And my sense is that broad issuance of checks is actually kind of a loss leader, helping to sell a package that includes UI 5/
My take: the economics aren't very good, but the political economy may make such checks necessary 2/ https://t.co/XY7d9E8SDY
The key economic argument, which @crampell picks up on, is that given a slump that has affected people very unevenly, aid should concentrate on those actually suffering 3/
So if you have a fixed amount to spend, unemployment benefits and maybe small-business aid should be priorities, not checks that will in many cases go to people who are doing OK 4/
But is there a fixed amount to spend? No binding budget constraint for the feds, so this is all about politics. And my sense is that broad issuance of checks is actually kind of a loss leader, helping to sell a package that includes UI 5/
Which developed country would you say is facing the biggest economic slump of all? The conventional answer is the UK. Eg see this @OECD forecast. But here's a thread about an obscure bit of statistical small print which might mean we've been overstating the scale of the recession
Before we get onto the small print let's deal with what the numbers are telling us. And there's no doubt they're bad. Very bad. Indeed, the @OBR_UK reckons we're facing the biggest slump in GDP since 1709. Down 11% this year alone.
We won't get final 2020 GDP for months (and even that'll be subject to revision). But on the basis of the 1st estimate of Q3 GDP UK contracted at annual rate of 9.7%. So you can see where OBR are coming from https://t.co/dXK7Mqx3Cd
* yes it was later revised; we'll get to that
In short: look at the headline GDP figures and it looks like the UK is facing an almost uniquely hideous recession. One of the worst in the world. That 9.7% fall is more than DOUBLE the fall in France, Germany and most other EU nations. Worse even than Spain (-8.7%).
This grim economic news has provided more fuel for those convinced Britain's COVID experience has been far, far worse than everyone's else - both in public health and economic terms. But I have for some time wondered about that chart 👆and whether it really makes sense...
Before we get onto the small print let's deal with what the numbers are telling us. And there's no doubt they're bad. Very bad. Indeed, the @OBR_UK reckons we're facing the biggest slump in GDP since 1709. Down 11% this year alone.
We won't get final 2020 GDP for months (and even that'll be subject to revision). But on the basis of the 1st estimate of Q3 GDP UK contracted at annual rate of 9.7%. So you can see where OBR are coming from https://t.co/dXK7Mqx3Cd
* yes it was later revised; we'll get to that
In short: look at the headline GDP figures and it looks like the UK is facing an almost uniquely hideous recession. One of the worst in the world. That 9.7% fall is more than DOUBLE the fall in France, Germany and most other EU nations. Worse even than Spain (-8.7%).
This grim economic news has provided more fuel for those convinced Britain's COVID experience has been far, far worse than everyone's else - both in public health and economic terms. But I have for some time wondered about that chart 👆and whether it really makes sense...
1/10 I detest Warren simply b/c she's an inconsistent, low IQ, lying opportunist, & her "wealth tax" idea. What the majority of her stans fail to realize is that wealth doesn't mean money. Now she's on the wagon attacking retail investors-plebes. How do her actions hurt farmers?
2/10 Let's start w/ wealth tax. I believe I'm wealthy, but not in the financial sense. I have a loving family, patriarchs who taught me self reliance & the value of hard work, I've worked hard to get a good job, I have the most amazing fiance, I could go on but this is my wealth.
3/10 Yeah, we have acreage, cattle & goats, flocks of chickens, tracts of crop land & a fleet of 50+yo equipment/implements that have been purchased & repaired, then repaired again. We make modest salaries from our day jobs & are fiscally responsible. Farming isn't get rich quick
4/10 though, it's a break back life that sees you lucky to break out 15% in the black on your yields averaged. How does this wealth tax idea impact us? We already pay property taxes, fuel taxes, personal property tax on some equipment, income taxes when I report sold livestock &
5/10 crops, income tax on land leased to other folks, capital gains are applied to leased land too, then we have to title & tag the farm trucks that touch the road in any capacity, sales tax on supplies, feed & seeds, then sales tax IF I need to buy goods back. At the end of the
Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don\u2019t help GameStop\u2019s workers or customers and could lead to market instability. Today I told the SEC to explain what exactly it's doing to prevent market manipulation. https://t.co/NWaZe1jFVb pic.twitter.com/MAbjHcq47i
— Elizabeth Warren (@SenWarren) January 29, 2021
2/10 Let's start w/ wealth tax. I believe I'm wealthy, but not in the financial sense. I have a loving family, patriarchs who taught me self reliance & the value of hard work, I've worked hard to get a good job, I have the most amazing fiance, I could go on but this is my wealth.
3/10 Yeah, we have acreage, cattle & goats, flocks of chickens, tracts of crop land & a fleet of 50+yo equipment/implements that have been purchased & repaired, then repaired again. We make modest salaries from our day jobs & are fiscally responsible. Farming isn't get rich quick
4/10 though, it's a break back life that sees you lucky to break out 15% in the black on your yields averaged. How does this wealth tax idea impact us? We already pay property taxes, fuel taxes, personal property tax on some equipment, income taxes when I report sold livestock &
5/10 crops, income tax on land leased to other folks, capital gains are applied to leased land too, then we have to title & tag the farm trucks that touch the road in any capacity, sales tax on supplies, feed & seeds, then sales tax IF I need to buy goods back. At the end of the
$ARPO Thread: Raz P2b glaucoma readout Dec 15 to Jan 15, assigning 90% POS, potential 3 to 5x, with (likely) partnership 1H21. Glaucoma dead for Big Pharma unless there’s a brand new MOA or pathway being targeted. Here we have both…a new MOA (Tie2) and a new location (SC)
https://t.co/zsc2eBVI4e Tons of great preclinical work on TIE2 MOA showing clear correlation to SC integrity, adult-onset glaucoma, and disease-modifying effects. See mosaic if interested
What do KOL's think of the new MOA: Special session held at ARVO 2019 to discuss Tie2 for Glaucoma. $ARPO then completed a closely watched P1b with a topical formulation. Now, a P2b trial in 195 pts enrolled within 3 mos, a month ahead of schedule, in the middle of a pandemic.
SOC is PG (-7 mm Hg IOP) +/- adjunct (-1 to -1.5 mm delta). Best efficacy adjunct is Rocklatan (-1.5), but AE profile: hyperemia (60 vs 15%), pruritus (8 vs 2%) site pain (20 vs 7%) vs PG , + other AE’s not seen with PG: 10% conjunctival hemorrhage, 15% verticillata. Almost DOA
But, sells $80 to $100M/yr US (same as $ARPO MC ha!). Every 0.3 mm reduction critical towards delaying vision loss. Rocklatan MOA was projected to make it a $1B drug, until AE profile (& payor delays) killed launch. $ARPO thesis: Raz efficacy >/= Rocklatan, without AE baggage.
https://t.co/zsc2eBVI4e Tons of great preclinical work on TIE2 MOA showing clear correlation to SC integrity, adult-onset glaucoma, and disease-modifying effects. See mosaic if interested
can you share the preclinical work you describe along with the papers?
— James Brandt (@jmsbrandt) November 20, 2020
What do KOL's think of the new MOA: Special session held at ARVO 2019 to discuss Tie2 for Glaucoma. $ARPO then completed a closely watched P1b with a topical formulation. Now, a P2b trial in 195 pts enrolled within 3 mos, a month ahead of schedule, in the middle of a pandemic.
SOC is PG (-7 mm Hg IOP) +/- adjunct (-1 to -1.5 mm delta). Best efficacy adjunct is Rocklatan (-1.5), but AE profile: hyperemia (60 vs 15%), pruritus (8 vs 2%) site pain (20 vs 7%) vs PG , + other AE’s not seen with PG: 10% conjunctival hemorrhage, 15% verticillata. Almost DOA
But, sells $80 to $100M/yr US (same as $ARPO MC ha!). Every 0.3 mm reduction critical towards delaying vision loss. Rocklatan MOA was projected to make it a $1B drug, until AE profile (& payor delays) killed launch. $ARPO thesis: Raz efficacy >/= Rocklatan, without AE baggage.
I am shocked...SHOCKED...that nobody in the media or political sphere can understand what is going on behind the scenes that is causing clearing firms to block trading in certain ridiculously volatile securities.
Pretend Robin Hood is a casino (a stretch I know).
Casinos hold a certain amount of cash reserve on hand to cover all daily activities. Now imagine everyone playing starts winning big all at the same time. Slots, tables, etc and the House is losing huge. /2
The Casino's cash reserve is getting dangerously low, a few more big wins to pay out and they'll have no cash left. So they go out and close a few rows of tables, rope off some slot machines, forcing some players to be unable to play. /3
Then they call the bank and have them deliver a new boatload of cash, and reopen the Casino fully once they have enough to operate again.
That's kind of what is going on behind the scenes here, in the plumbing of the markets. /4
Most people have never heard of a "clearing firm", but without them the stock markets wouldn't function. Most of the largest brokerages are "self-clearing", meaning they also run their own clearing firm, but many use a third party.
See below: /5
Pretend Robin Hood is a casino (a stretch I know).
Casinos hold a certain amount of cash reserve on hand to cover all daily activities. Now imagine everyone playing starts winning big all at the same time. Slots, tables, etc and the House is losing huge. /2
The Casino's cash reserve is getting dangerously low, a few more big wins to pay out and they'll have no cash left. So they go out and close a few rows of tables, rope off some slot machines, forcing some players to be unable to play. /3
Then they call the bank and have them deliver a new boatload of cash, and reopen the Casino fully once they have enough to operate again.
That's kind of what is going on behind the scenes here, in the plumbing of the markets. /4
Most people have never heard of a "clearing firm", but without them the stock markets wouldn't function. Most of the largest brokerages are "self-clearing", meaning they also run their own clearing firm, but many use a third party.
See below: /5
wow, @apexclearing now blocking @public from allowing customers to trade specific stocks
— Mike Dudas (@mdudas) January 28, 2021
wall street norms imploding in real time, fallout is gonna be wild pic.twitter.com/gUyhufV32t
Quick thread on #NIODay from this weekend, the effect it is having on $TSLA, $BYDDF, $QS, $LAZR, $NVDA, CATL, and what is to come.
The NIO ET7 boasts 621mi range (150kWh battery) for $70k-$80k & Level 3 autonomy. This prices right in-between Model 3 SR+ & base Model S.
2/ $TSLA is down -6% today, largely on this news. Not surprising, but TSLA bulls aren't flinching from this. NIO ET7 isn't really expected to hit the roads until late next year–enough time for Tesla to refresh S/X & boost pack size, TSLA bulls think.
$NIO is up 8.5% today.
3/ BYD (1211 HK) was up 6.7% in China on Monday partially on the news of its surprise unveiling this morning of 3 new "super hybrid" models (PHEV): Qin PLUS DM-i, Song PLUS DM-i, & Tang DM-i.
$BYDDF is up 3.5% today
4/ BYD is also benefiting from #NIODay, as investors are excited about NIO ET7 specs, but it is still at least a year out. More investors are discovering BYD & how far ahead it is TODAY. BYD Han in particular already looks similar to NIO ET7...
$BYDDF $BYDDY
5/ ...and you can buy a Han today for only $32k. Lots of investor attention has been brought to BYD Blade battery, as well.
More on BYD here: https://t.co/rbiX4sZtdN
https://t.co/SYLpij5dTe
$BYDDF $BYDDY
The NIO ET7 boasts 621mi range (150kWh battery) for $70k-$80k & Level 3 autonomy. This prices right in-between Model 3 SR+ & base Model S.
2/ $TSLA is down -6% today, largely on this news. Not surprising, but TSLA bulls aren't flinching from this. NIO ET7 isn't really expected to hit the roads until late next year–enough time for Tesla to refresh S/X & boost pack size, TSLA bulls think.
$NIO is up 8.5% today.
3/ BYD (1211 HK) was up 6.7% in China on Monday partially on the news of its surprise unveiling this morning of 3 new "super hybrid" models (PHEV): Qin PLUS DM-i, Song PLUS DM-i, & Tang DM-i.
$BYDDF is up 3.5% today
4/ BYD is also benefiting from #NIODay, as investors are excited about NIO ET7 specs, but it is still at least a year out. More investors are discovering BYD & how far ahead it is TODAY. BYD Han in particular already looks similar to NIO ET7...
$BYDDF $BYDDY
5/ ...and you can buy a Han today for only $32k. Lots of investor attention has been brought to BYD Blade battery, as well.
More on BYD here: https://t.co/rbiX4sZtdN
https://t.co/SYLpij5dTe
$BYDDF $BYDDY
