🎯

$16mm of taxpayer money lit on fire. Hot lead for doge

Nice. How’s it comping vs pre covid?

How’d that go? Whats the market sentiment down there?

Hard to argue that logic

“Please read these five bullet points and let me know whether this person should still have a job”

What could go wrong???

A kid I went to high school with years ago ended up as a reporter/poster for zero hedge after a few years of pretending to be a hedge fund manager on Twitter. No actual financial background. I think about that every time I see a zh post.

<whispers>They were all equity all along

To expand on that I think some money invested in private deals can be prudent, especially if the goal of the portfolio is not solely about maximizing returns. With a fully liquid portfolio you are susceptible to both swings in public markets and knee jerk reactions by the PMs.

Eh I can understand both sides of this argument, including cynicism towards the allocator complex.

If you had several $B to run/preserve would you allocate 100% of it to public equities and bonds? I probably wouldn’t.