Brian JM Quinn

TSLA is a major component of the S&P 500, so unfortunately, it’s impossible for me to sell my shares and move on. The Wall Street Rule has been killed by index investing.

Unfortunately, TSLA is a big component of the S&P 500, so we all bear the cost of this nonsense

Another scam.

When talking about a Musk pay package, one can lost in the numbers. Let’s keep this in perspective. The award is so large that it requires an HSR antitrust filing and can’t be completed under after the statutory waiting period…

Tesla hands Musk a new $25 Billion pay package to replace his existing DE package (unless the Tornetta ruling is overturned - no double dipping!)

www.sec.gov/ix?doc=/Arch...

Imagine being the Astros and getting upset that the Red Sox figured out you were tipping your pitches … 🧢⚾️

🍊🤡🎪

Next month’s economic numbers:
Jobs: > 1,000,000
Unemployment: 0.01%
Gas: $0.25/gal

Yep. Attached is Figma’s liquidation preference provision from its certificate prior to its recent IPO.

These are the interesting fiduciary cases - especially since it often involves boards where the preferred have representation and appear to manage a sale that benefits them at the expense of the common (eg Trados)

They have a “liquidation preference.” They get their investment back first. If there is any money left over after they are paid, then the common can get something. If the value of the business is less than the entire preference due the preferreds, common gets nothing.

It’s all about the “preference stack”. On a sale the preferred get paid first. Common is last to get paid. If the consideration isn’t enough, they get nothing. It happens.

Also, common stockholder sit at the very bottom of the preference stack. Preferred stockholders will get paid before the common stockholders. For VC backed firms that aren’t doing well, there is often no consideration left for common SH after the preferred get their cut. VC life…

It’s certainly possible for firm nearing insolvency. The article hints as much.

How the Names lost their shirts When Sir William Jaffray became a Lloyd's underwriter in the 1980s he was not seeking a multimillion-pound income, just a "reasonable return at a low risk".

But you’re going to feel bad when some secretary in Manchester has to sell her car to pay off your claim…

www.theguardian.com/money/2000/n...

Btw: I find your posts on higher ed really insightful. Thanks!

Signals that we are at the top of market: Figma IPO, but 2/3 of the offering is insiders cashing out…

www.figma.com/blog/ipo-pri...

E.g. there has been no Congressional appropriation for this thing. Nor has it been permitted as one would have to in order to renovate/destroy a national historic monument (White House).

bsky.app/profile/dber...

Not that it’s going to matter for DoEd, but the way they’ve overspent their ceilings at DHS suggests those ceilings are merely advisory as far as they are concerned.

Why bother having a budget … or a Congress for that matter!

Says so. Right there on the side!

Somebody help me out here. WTAF is Blockchain Common Stock?!
From Figma’s S-1: www.sec.gov/Archives/edg...

It’s ok. Don’t hold back.

I don’t! More please!

Justice Department fires two senior antitrust attorneys, alleging insubordination | CNN Politics The Justice Department has fired two senior antitrust attorneys who disagreed with the handling of a merger between two powerhouse companies, two sources told CNN.

“Anonymous efforts to divide this DOJ will not succeed”

Presumably, these two were opposed to waving through the HPE-Junipero merger

www.cnn.com/2025/07/29/p...

Paramount deal thrusts David Ellison into Trump’s war with US media What began as a Hollywood studio merger has become a test of how far corporate America will bend to president’s will

The autocratic surrounds himself with oligarchs, dependent upon him for their continued success. Not a new story.

Paramount deal thrusts David Ellison into Trump’s war with US media

on.ft.com/4of8ToD

The AmexGBT-CWT merger reaffirms my general view: this regime has an aggressive/assertive initial posture wrt antitrust enforcement but then signals it is open for manipulation, for political reasons or otherwise. They’ve basically corrupted an imperfect system.