Major investment analysis firm Morningstar is looking for words on the SpaceX IPO and picked “We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO” (Independent UK).
Even something as simple as picking a Total US Stock Market index fund instead of a S&P500 fund or NASDAQ-100 fund would reduce your exposure. If you control your investments, disinvesting is not that hard.
I never heard of Justine Tunney before but she has a Wikipedia page.
Who’s going to buy this profit-free stock selling for 100 times earnings?
I think its worse than a P/E ratio of 100. It is 100 times revenue. Earnings in this context mean profits, so a company which is losing money has no P/E ratio. The argument is that if $100 of stock corresponds to $10 of profit last year (P/E 10), that is probably a better buy than if $100 of stock corresponds to $5 of profit last year (P/E 20).
And yes, this looks to me like a crypto rugpull crossed with all the tricks which keep Tether prices and Tesla shares floating in midair.
Ouch, “picking up a cute young thing at the bar and hot tub at the ski resort” “building a happy working relationship with a sex worker” and “romantic pair-bonding” are three different skills! No wonder he thinks looks and body language are so important if he is trying to take women straight to bed.
RMN is a pro wrestling event, but he probably means Red Means No, Aella’s consensual-nonconsent orgies.
Did you try RationalWiki or the page for Hanson himself? Read it next to Taleb’s The Black Swan patiently explaining to clever but inexperienced young men that you cannot perfectly predict the future just diversify and prepare for different scenarios.
A lot of rats give Robin Hanson credit for things which are much older (prediction markets for elections are recorded back to the 16th century, The Great Filter was huge in Cold War pop culture). Werner Antweiler at UBC ran a prediction market from 1993 to 2008.
At minute 8 of “SpaceX IPO: Nice Try Though” Patrick Boyle mentions some circular finance: some of the banks which lent SpaceX $29 billion in March will be guaranteeing the IPO by promising to buy some shares to stabilize the price. Later he also points out that the banks financing the IPO have to buy Grok services and may be its main paying customers. Musk has done this sort of thing before eg. using Tesla (shareholder-owned) money to buy SolarCity which he partially owned. I knew a serial fraudster who moved to Texas for its business-friendly laws and courts.
He liked the piss-tinged blog post by Cape Fear Advisors and estimates that the Muskrat wants to raise $50-75 billion in the IPO.
It took Kaiser Bill to break the economic power of London and Paris, but the Muskrat thinks he can speedrun that game for the New York City map.
Pope Leo and Brad DeLong are great examples of people we can make tactical alliances with on single issues
Michael Burry is one of the investors who is shorting big tech. (Business Insider - paywalled Substack). I just invest much less in the USA than its 60% share of the global stock market, and less than 40% of that in big tech.
Find a specialist in socially responsible investing or ESG investing in your country (like someone with a Master’s Degree in the subject who charges as much as a lawyer for consultations). As others have said, that term means different things to different people, so you have to look at what specific funds actually own and how they decide what they will buy going forward.
Most leading Rationalists are autistic, but many of them are in denial. Many are Jewish or have Jewish parents. You can debate which kind of folly let them embrace eugenics and white supremacism: are they brain-proud and desperate to believe that they were destined from birth to rule? Sure that they just have eccentric Ashkenazi genius genes not inferior Autistic genes? Naive that the deportations would stop with black and brown people? Their favourite Catholic fantasy author had some warnings for them.
Masnick also has a story on how Musk got away with hiding just how many Twitter shares he owned when he bought the company https://www.techdirt.com/2026/05/11/elon-musk-settles-sec-lawsuit-for-spare-change-proving-once-again-that-rules-are-for-other-people/
Mike Masnick had a look at Twitter’s financials in the SpaceX IPO. From $4.5 billion in ad revenue in 2021, twitter + Grok is down to $3 billion ad revenue a year (and losing $6 billion a year just on the CSAM-generating chatbot). His billionaire friends tossed in $2 billion or $250 million each into the kitty after a brief chat back in 2022.
don’t kinkshame
Back in my day California perverts said “don’t scene in public”
Anthropic (who own Claude Code) are hoping to IPO this year.
Yes, you want to avoid conflicts of interest like an advisor employed by a bank selling that bank’s financial products.
A financial advisor or financial planner can add value in areas like:
But many are collecting 1%+ a year to decide whether to buy Honda stock or BMW stock, and there is very strong evidence that this adds no value. (eg. my current employer’s pension fund charges 2% a year). For everyone managing $100 million who does 1% better than average, someone managing $100 million has to do 1% worse, and how can you pick the right one in advance? Even if you do, what happens if they have a stroke and their risk-taking assistant takes over the fund?
FTX investor the Ontario Teachers’ Pension Plan is a major investor in SpaceX. This seems to be part of the Teachers’ Innovation Platform from April 2019. Mr. Kipling said it best:
As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool’s bandaged finger goes wabbling back to the Fire.
Meanwhile the Canadian stock market is up 40% in the past 1 year.
And the people making these decisions know that they don’t invest much in China because they don’t trust Chinese government statistics and the Chinese stock market is rigged. They know that it is hard to get middle-aged schoolteachers and plumbers to put their savings on the stock market even if that market is scrupulously honest. But the USA has been the center of global capitalism since about 1917 and it is hard for them to imagine that changing.
Forbes says he is Quebecois with a PhD from UWaterloo. That does not stop him tweeting about “foreigners” (= foreign to the USA, but not including him obviously).
He already pulled the same con on a Japanese billionaire in 2018, just talked about flying around the moon not landing on Mars (Wikipedia: dearMoon)
In March 2025, someone skeeted that “Master Sun says: do not lead your troops into land where there is nothing for them to eat” seems obvious but Pete Hegseth would not remember that his troops needed food. One year later his aircraft carriers were feeding sailors spoiled meat and had a shortage of working toilets.