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Nofeed
Sep 14, 2008

SpelledBackwards posted:

That's ridiculous. I thought financial advisors generally advise only spending up to 30% of your take home on Super Bowl tickets so that you all have enough for food, transportation, and medical care.

Have you considered using leveraged Super Bowl tickets? Margin loans are pretty cheap these days, it's basically free money.

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Nofeed
Sep 14, 2008
Check out this cool Frontline documentary about investing from the year 2021 1997:

https://www.youtube.com/watch?v=_1kn95761wg

plus ça change and all that

Nofeed
Sep 14, 2008
Oh, so that's why ARK has done so well - God is on Cathie's side.

quote:

I started reading the One-Year Bible, after I would read the passage for the day, I would then just open it up randomly and say, “God, speak to me. Just show me what to do. Show me Your will. Show me Your way.”

And not every time I did that, but I would say every third or fourth time, I would run into the Ark of the Covenant being taken into the Israelites, taking the Ark of the Covenant into battle before them, because they believed that the presence of God was in the Ark of the Covenant. As I began to get this idea of a firm going and realized that I was fighting this war, I knew I had to name my company “ARK” for Ark of the Covenant.

I always felt that the name was a biblical reference, but more along the lines of Noah's Ark. What an idiot I was!

quote:

What we were really doing was encouraging the new creation, God’s new creation. We were allocating capital to its highest and best use: transformative technologies that were going to change the world and make it a better place, while the rest of the world started investing in the past, which they thought was safe. Today, the tables are flipped, so we feel like we’ve done the right thing. It is by God’s grace and the power of the Holy Spirit, I will tell you, that I moved in this direction.

God’s standard of success for me in the financial world, and in my life generally, is following His will. And I believe that in starting ARK Invest, I was fulfilling His will for me here on Earth and that if I had not done it, that I would have died an unhappy woman not having not fulfilled my promise here. And so it’s not so much about me and my promise. It’s about allocating capital to God’s creation in the most innovative and creative way possible.

Sure she's making good business in the temple allocating capital, but known socialist Jesus might be right around the corner, and I don't think he's happy...

Nofeed
Sep 14, 2008
24. Everyone then who hears these words of mine and does them will be like a wise man who invested his capital in low cost passively managed index funds.

25 And the rain fell, and the floods came, and the winds blew and beat on that capital, but it did not fall, because it had been invested in low cost passively managed index funds.

26 And everyone who hears these words of mine and does not do them will be like a foolish man who invested in meme stocks.

27 And the rain fell, and the floods came, and the winds blew and beat against that capital, and it fell, and great was the fall of it.

Nofeed fucked around with this message at 19:30 on Feb 26, 2021

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