suggests the founders would not react so quickly against a president who led an insurrection. Washington led an army of 13,000 people against a small group of farmers who wouldn't pay their taxes on whiskey.

This might be a good time for folks to take a deep breath before interpreting election results. We don't know how much of victory was due to Biden's campaign message, Biden's record, Kamala's boost to the ticket, hatred for Trump, Trump errors on the campaign trail...

...the enduring appeal of Trumpism, the effectiveness of GOP campaigns for the Senate or the House, the mistakes made in Dem campaigns for the House, vice versa on both the preceding counts, the role of the GOP disinformation echosystem, COVID, the economy...

...mobilizing progressives, mobilizing centrists, racism, anti-racism, the movement to defund the police, the use of the word socialism, media blunders, voter ignorance, the impeachment process, corruption in DC, campaign finance abuse, the power of the establishment...

...the power of the Murdoch's, the hard right, the evangelicals, the Russians, the young, the old, whites, Latinos, blacks, women, men or any of the other countless factors (divine intervention, etc.) that have been cited in the media, by pols, on social media, in the days since.

For Dems, this is definitely not the time for finger pointing and division. There must be a laser-like focus on winning the run-offs in Georgia. There should be a widespread effort to mobilize the broadest possible support for the agenda of the Biden-Harris administration.

If there is one thing I have learned it is that people love bullshit. They buy bullshit stories from professional bullshit artists, accept bullshit philosophies, purchase bullshit how-to-books, vote for bullshitting politicians.

At first, I resisted believing this because it is illogical and dumb and frankly, doesn't reflect well on the human race of which I am a member (and thus have long been hopeful that it is more of a distinction than it actually turns out to be.)

But if you actually are interested in facts you begin to notice how little most people care for them. Sometimes it is because they are heard to learn and bullshit is so much more widely and easily available. Sometimes it is because facts make them uncomfortable about themselves.

Sometimes it is because just one tiny fact will upset a whole worldview that has grown as comfortable as an overstuffed chair. (Settling into such worldviews is a lot like settling into chairs like that because the longer you're there and the deeper you sink...

...the harder it is to hoist yourself up and out of your fat-assed intellectual laziness.) But I actually think the reason people have such an appetite for bullshit goes deeper, goes to an aspect of ourselves we just can't accept.

Things the GOP did not find "divisive": Launching an insurrection against the US government, seeking to disenfranchise 81 million Americans, seeking to negate the votes of entire states, seeking to negate the votes of African Americans, attacking the Capitol...

...killing Capitol police officers, inciting a riots that claimed five lies, participating in the largest act of domestic terrorism in US history, hunting down Congresspeople in the halls of Congress, supporting and defending white supremacists...

...supporting and defending Neo-Nazis, turning US federal force against peaceful demonstrators across the country, calling Mexicans rapists, discriminating against Muslims, putting children in cages, ending protections for children born innocently in the United States...

...promoting economic policies that help only the rich in America and fostering the worst inequality in our history, seeking to stigmatize those who sought to do the right thing to protect America from a deadly pandemic...

contributing to the spread of a disease that has killed hundreds of thousands--disproportionately people of color & the elderly, seeking policies that deny COVID relief to states with Dem leadership, seeking to help only those close to the GOP leadership with COVID relief...

I'm under no illusions. @JoeBiden and his team will make mistakes. But they will try to do right. And here's what they won't do:
--Betray the country to a sworn enemy
--Try to undermine the international system
--Put children in cages
--Promote white supremacists & racism

--Seek to undermine our democracy
--Work to undermine the rule of law
--Be corrupt
--Commit crimes
--Obstruct justice
--Destroy our environment

--Use force against peaceful protestors
--Embrace dictators and kleptocrats worldwide
--Promote misogyny (and commit rape and sexual abuse)
--Attack or seek to blackmail our allies
--Lie...and lie constantly...lie more than 20,000 times

--Deny science or history
--Let hundreds of thousands die to protect their political fortunes
--Send the nation into the worst economic and public health crisis in a hundred years
--Go AWOL at the moment that crisis is peaking

--Turn their backs on suffering Americans
--Serve the richest Americans at the expense of the poorest
--Promote division and hatred
--Be the worst administration in American history

I've led a fortunate life, much to be thankful for. I've been to 80 countries. Wherever I went I was thankful I lived in the U.S. where evils like autocracies & theocracies were impossible. Since 2017, we've discovered that's not so. Today's SCOTUS decision underscores that.

If there is anything to be thankful for in it, it is the hope it will serve as a wake-up call to those who do not realize the threats that lie ahead. Recent elections have reminded us how important it is to wrest democracy out of the hands of the donor class that's seized it.

Our recent experiences have also made it painfully clear that our system contains deep imperfections that assure that a minority will have disproportionate power in our Senate, our electoral college and, thanks to the Senate, our courts.

Either we, the majority that elected our next president, will continue our activism & engagement & work to fix what's broken in that system or we will drift further toward the kind of dysfunctionality that has led to so much suffering around the planet.

Our work, in short, has just begun. Removing Trump was an essential step toward preserving our democracy. But it was just one of several such steps. Winning back the Senate, rebalancing the courts, changing our campaign finance and election laws, are all essential.

1/ My most popular tweets of 2020 by month (thread)

January:

A reminder of @morganhousel cash strategy.

For every $1,000 in cash:

More: ⬇️⬇️⬇️⬇️⬇️

2/ February

If you've truly found the next $AMZN, $AAPL, or $NFLX and can hold for years, it's nearly impossible to overpay.

But finding them is hard.

3/ March

Millennials have seen tech crash, 2008, and now #COVID19

I'm worried that many of them will swear off the stock market -- the greatest wealth-building device ever -- for life.

4/ April

Want to see the checklists used by

Buffet
Dalio
Fischer
Graham
Greenblatt
Klarman
Marks
Munger

and

5/ May

When the P/E ratio is:

Useless (Stage 1, 4) - $MDB, $SHOP, $PINS, $GME, $JCP

Semi-useful (Stage 2) - $TTD, $NFLX

Useful! (Stage 3) - $MSFT, $AAPL, $V

In determining valuation

WHY $CCIV CAN TRIPLE SOON.

What is $CCIV ?

CCIV is the fourth SPAC by Michael Klein who already has multiple multi-billion dollar SPAC mergers including $CCC valued at over 19 Billion. CCIV is in TALKS to take @LucidMotors public valuing the merger at over 15 BILLION.

What is LUCID MOTORS?

Lucid Motors is one of the worlds leading EV car "Startups" founded in 2007 in California they were previously known as Atieva. Most of their 1400 employees come from well know car companies such as TESLA and Mazda.

The Lucid motor core team

Peter Rawlinson ( CEO & CTO)

Originally from wales, peter was the Chief Engineer for the TESLA MODEL S. Peter was also the Principal Engineer at @Jaguar Chief Engineer at @lotuscars

Derek Jenkins ( Vice President of Design)

Derek started his journey with 8 years at @Audi working on the Audi A2 & A8 among others. After Audi, he moved to VW where he spent nine years. He is also credited for the design of the CX-5, Mazda6, Mazda3, and the CX-9 among others.

Lucid Air

Lucid Air is the first car by @LucidMotors which is set to release in the summer of this year. Air will have four different variants starting from 69,900 USD which will have up to a 503 MILE RANGE.

NESARA is the most ground breaking reformation to sweep not only the United States of America but the whole planet (thus GESARA) in its entire history. The act does away with the Federal Reserve Bank, the IRS, the shadow government, and much more.

Ten MF mistakes I recommend you avoid...

1. Too much love

A fund does well. You fall in love with the fund house. You have a large mid and small cap scheme from them. They all tank together! Diversify. And remember being good at one thing doesn’t make you good at the other.

2. One for all

Applying the same metrics to judge different asset classes. What matters to equity funds doesn’t matter to debt funds. Arb funds are fully hedged - the individual stocks don’t matter, they do in equities. Understand what matters for each asset class.

3. Perils of passive

Assuming all passive funds are good because they are cheap. There are terrible passive funds out there too. They track bad indices. Or they track good ones but have a lot of tracking error. Passive requires its own set of research.

4. Apples and kiwis 🍎 🥝

We have categories in MF but sadly all funds in a category are not comparable. Just because a website compares them doesn’t mean you should look beneath. BAF categories have funds that are static, dynamic bond funds have rolldowns. Just an example.