I was really happy with Lloyd's game on the weekend. He laid a couple of crucial tackles in those final minutes and was a big reason that we held on to win. I think Connor, baker, Townsend and maybe even grigg could go

In this post, I explore racial preferences at elite universities in the United States. This main points can be outlined in the following two parts:

• First, I outline the basic racial demographics of the top universities and of the highest achievers among high school students, highlighting the influence of massive racial preferences in the admissions processes of our elite universities. Next, I estimate the demography of top universities after separating Jewish and non-Jewish whites. Surprisingly, my estimates suggest that non-Jewish whites are perhaps the most under-represented racial group at elite institutions.
• After documenting the demographics of America's elite universities, I review studies that attempt to quantify the magnitude and patterns of racial preferences at selective universities. These studies show that, while elite universities have massive preferences for black and Hispanic applicants, there are little to no preferences for low-SES or low-income applicants (particularly for poor whites). Finally, I end the post by explaining why racial preferences at elite universities are important.

Note:

• This is a snippet of my full post due to reddit length limitations. See here for the full post, with more details, elaboration, and visual graphs/charts.
• All calculations (and sources) for the demographic data at each university is available here.

Demographics of elite universities

Before presenting the demographics of students at elite universities, we should first understand the racial demographics of the college-aged portion of the general population so that we have a baseline to use for comparison. Recent census data hosted by the National Center for Education Statistics (NCES) contains estimates of the population disaggregated by different age groups. One of the age groups includes individuals between the ages of 18 and 24 years old. I'll use this age group as an estimate of the college-aged population. This data shows that, as of 2020, the percentage of the population within this age range by race/ethnicity was as follows:

• White (52.9%)
• Hispanic (23.1%)
• Black (14.0%)
• Asian (5.7%)
• Multi-racial (3.3%)
• American Indian / Alaska Native (0.8%)
• Pacific Islander (0.

So, first things first let me get my investing background out of the way. I am 21, and relatively new. I started around April of this year, but I've been eyeing the stock market for a while, since I was 17, but since I didn't have a stable income stream, I couldn't invest until recently. I heard about meme stocks but as I knew I wanted to be an index investor. First I bought VOO then moved to VTI. I was a boglehead at heart and still am, more or less. Also, when I say things such as "This cannot happen", it really means "In my opinion, this cannot happen." I figured it'd be obvious from now on that this is mostly just my opinion. I'm not saying I'm 100% right, but I figured since it'd be annoying to constantly repeat, "this is my opinion", I'd mention this nonetheless. Since this is a Long post, if you'd like, just see if you find your argument in bold, as I tried to go over the main counter-arguments for them.

I, like many others, have discovered LETFs, but people scare people away from truly investing in them while spouting the same repeated things, ad nauseum. I also have seen a lot of TQQQ posts recently, which.... lowkey brings up alarm bells. If history truly does repeat itself, people used the hell out of leverage and LETFs during the dot-com bubble and the 2008 crash.. With all the talk of the market being in a bubble (And for the record, when i mention "the market", I strictly mean the S&P 500, or VOO/SPY), then then yikes..? But nonetheless I haven't quite seen anything thoroughly in depth, which is what I strive to do with this post. So, if I succeeded, let me know at the end. I'm not going to cut corners, as I've mentioned in the title. This will be long, so get some snacks if you'd like.

Anyway, speaking of crashes, people often say stuff like:"What about Dot-Com crash and 2008? You'd still be at a loss today from the dot-com crash if TQQQ existed back then!"
True... But, let's go over why one is not like the other: The dot-com bubble is not what TQQQ is currently. Some parts of the market, such as electric vehicle companies such as RIVN, TESLA, NKLA, meme stocks such as GME, AMC, or some penny stocks may be in a bubble, but the market as a whole is not in a bubble. It may head for a correction, but the whole reason why the Dot-Com Bubble popped was because the market was euphoric, with P/E ratios completely bonkers for the companies that are essentially garbage. Take this [chart](https:/

Hello all,

Greetings from London.

I would love to get some opinions on this interesting piece on the "Tesla-financial complex" in the Financial Times.

I found this article immensely fascinating and disturbing too. I have a few points:

• I think Warren Buffet & Charlie Munger will be proven right on the growing WSB-Gamestop-Robinhood gambling culture that seems pervasive. I was shocked that the article specifically mentioned Reddit. And, just a few days ago, someone messaged me on reddit about Alibaba saying "the hedgies will have to cover their shorts". I think the ridiculous culture and mania and language of WSB has more pronounced than people realise. And the use of leveraged-instruments to exacerbate a mania/bubble is exactly what Warren Buffett warned about in the 1990s.
• Reading this article, there seems to be parallels with the crash of 1929. The widespread greed and speculation that has the power to spill into the broader market.

I have pasted the article below:

The ‘Tesla-financial complex’: how carmaker gained influence over the markets

The rally in Tesla’s shares has lifted the overall stock market value of Elon Musk’s electric carmaker to over $1.1tn, making it one of the most valuable companies in the world. This year alone it has added almost $475bn in market capitalisation, equal to a Procter & Gamble, a JPMorgan — or two McDonald’s.

However, the real importance and wider footprint of what might be called the “Tesla-financial complex” far outstrips the company’s market capitalisation. This is thanks to a vast, tangled web of dependent investment vehicles, corporate emulators and an enormous associated derivatives market of unparalleled breadth, depth and hyperactivity.

Combined, these factors mean Tesla’s influence over the ebb and flow of the stock market is far greater than even its size would imply. It may even be historically unrivalled in its wider impact, some analysts say.

“We don’t really have the language to describe Tesla any more,” says Michael Green, chief strategist at Simplify Asset Management. “It’s like explaining to a person in a two-dimensional world the concept of ‘up’.”

The Tesla-financial complex is a phenomenon that many investors — whether passive index funds, traditional mutual funds, hedge funds

Alibaba is a great business and will continue to grow for the foreseeable future. There are rumblings within China and significant changes are taking place in Chinese society. It is impossible to know what may take place and what this means for Alibaba. Some of it does make sense, because some people in China have made an obscene amount of money, and the govt is moving towards a more traditional socialist path requiring corporations to share their wealth with mainstream society.

As value investors we accept that macroeconomics or geopolitics plays no role in our investing process as these are fundamentally unpredictable.

Now, we must not forget what Mr. Benjamin Graham taught us - "A stock represents an ownership in a business, it is not simply a piece of paper that is traded again and again".

The problem I have is with Alibaba's ownership structure. Specifically the VIE structure.

Yahoo at one point of time owned 43% of Alibaba, and it suffered deeply because of this structure.

Brief history lesson: Alipay/Ant Group grew up within Alibaba and became China’s largest payments processing company (think Mastercard, Visa, Paypal, and Stripe all in one). It was for many years one of the most valuable parts of Alibaba. Then, only a few short years ago in 2011, Alipay was stolen from the US and European investors in Alibaba’s VIE structure when the founder and CEO Jack Ma unilaterally transferred 100% ownership of Alipay into a different company controlled solely by himself.

One of the shareholders hurt was Yahoo who were a big early investor in the Alibaba VIE, amassing a 43% stake. Yet, despite that very substantial ownership, Yahoo did not even find out about the transaction until months later. When they discovered what had happened, they were of course outraged and launched into legal proceedings.

***However due to the VIE structure, Yahoo (and other shareholders alongside them) were powerless to do anything. They had no legal recourse. Yahoo owned 43% of the Alibaba VIE (Fake Alibaba), so it did not technically own any portion of Alipay at all. What Yahoo legally owned was 43% of a shell corporation listed in the Cayman Islands that had some (unfortunately illegal) contracts with Alibaba. And when it came time to enforce those contracts. they were unsurprisingly unenforceable. Let us be very clear about exactly what happened: Jack Ma took a company worth billions of dollars directly from under the nose of thousands of US and European inves

It really does, I swear!

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

This is the sixty fourth in my series of neoliberal ranking sitting senators. Any senators with a "P" next to their name denotes the potential of their senatorship (how well people *think* he/she will do). Like always the list of ratings is below:

1. Susan Collins (1.8)
2. Angus King (3.8)
3. Jeanne Shaheen (3.2)
4. Maggie Hassan (3.4)
5. Bernie Sanders (2.5)
6. Patrick Leahy (3.8)
7. Elizabeth Warren (3.3)
8. Ed Markey (3.2)
9. John Reed (3.2)
10. Sheldon Whitehouse (3.5)
11. Chris Murphy (3.8)
12. Richard Blumenthal (3.4)
13. Kirsten Gillibrand (3.3)
14. Chuck Schumer (3.4)
15. Cory Booker (3.9)
16. Bob Menendez (2.1)
17. Pat Toomey (2.0)
18. [Bob Casey Jr](https://www.reddit.com/r/neoliberal/comments/k1mn96/how_would_you_rate_the_s

I'm surprised it hasn't decade.

They’re on standbi

Buenosdillas

Pilot on me!!

Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.

This sub is mostly just NSFW puns now.

If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.

Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.

When I got home, they were still there.

Do your worst!