Texsox

I have to admit, yesterday my oldest and my brother in law were both here with their new Tesla Model Ys. I do wish my wife wanted to trade in her Subaru. But that isn't happening.

Rodon just got $3 mil. I guess that's a bad thing? Better if he could have signed for $5 mil and you would be happier? After all you want the bottom players to earn more. Salaries for entertainers in all areas are grossly over inflated. Put your salary against Rodon getting $3 mil or basically anyone on the roster and it is obscene. Families can't afford to go to games anymore. If it makes the game more affordable for fans then I wish they would also start cutting back on the best players salaries as well but starting at the bottom could work also.

I just got off the phone with my parents. Three families in their neighborhood who they really don't know came by and offered to shovel their driveway and sidewalk. It sure does make me happy to know people notice and are there to help.

Our superintendent sent a letter two weeks ago asking parents to please keep their kids home if they can be successful virtually. We had a 21% drop in in person attendance the next day. I'm down to two students attending my classes. But still we have situations like SS2k5 mentioned.

Shh, you're talking sense.

Me! And expand the playoffs. Let's play May to September.

I know I'm bumping an old post here but besides being great advice it ties into a couple threads that are active. One of the problems with student loans besides preventing savings for retirement is they tend to put young people in a hole without savings and then consumer debt takes hold. In the old days when people were paid cash they would budget via the envelope system. They divided up the cash and put it literally in the envelope that was going to be used to pay that bill. It was a very visual and real way to budget and I've come around to believing for most people, it would probably work better than what they are doing. Which leads me to Wall Street Bets. I love it. Gamble on a stock like it's the lottery. But pull from that envelope. Don't pull from your retirement envelope, or your emergency fund, or obviously food, shelter, or raiment. I teach my high school students that retirement isn't an age, it's a financial condition. I'm going to leave that sitting by itself for emphasize. With compounding at 7% your money doubles every ten years. Spending ten thousand less on a car in your 20s and investing it piles up quickly. It's $20,000 at 40 $40,000 at 50 $80,000 at 60 That's will zero additional money saved. $320 per month, 7% gains, starting at 25 and you will be a millionaire at 65.

I remember when three million could get a team a player.

What's the longest you've kept a vehicle? I just realized I've had my truck seven years now. I couldn't think of one I had more than five. I'm not looking to replace it anytime soon.

How many teams have holes and question marks? 27 give or take two.

And in this we have perfect examples of private enterprise winning and losing.

The hedge funds are in a tough position. It's *almost* like paying ransom.

Exactly. I think everyone dreams of turning down a starting position to be a backup on a MLB roster. Money for nothing. Who would want to play everyday and get dirty?

I'm comfortable especially if the equation involves holding back some cash for deadline moves. Taking on a bad one year contract to fill a need.

And this is where I like to take Game Stop out of the equation for a moment. Here's the play, because the actors don't matter. A. Find a stock that a lot of institutions have shorted. B. Build up retail demand through mass communications until it goes viral. Class warfare helps. The next one will be easier unless institutions change their philosophy. Every small investor who believes they lost out on a great opportunity for easy money will leap at the next one. This has already begun to change the industry. I heard Left is dropping his short reports.

Figurehead is too strong a word. Perhaps I should have said he may seek input from, and have some limits set, by the other owners. Like any CEO that has a strong board.

I seriously wonder how much JR controls. Yes, he's a majority owner, but he has partners. To me he's always been more of a figure head than THE owner.

How long are you planning on living? ?

I'm assuming that's among the majority owners. Often forgotten is JR doesn't own 100% of the team.

I'm wondering what is a fair expectation in signing top tier free agents. Let's say each year there are three or four top tier. In ten years that's 30 to 40. So the average team signs one or two a decade. Sign more than that your exceeding expectations.

I'm oversimplifying here. What I'm looking at is the current price isn't based on the company. I see Game Stop as a bit of a pawn in this. They could announce they are switching to selling hamsters and bicycles and no one would notice. Second point, I agree, shorting more shares than available shouldn't be allowed. Although I'm willing to rethink that position if someone could give me a decent enough reason why it's even allowed in the first place. In a new world of mass communications it's much easier for large groups of people to coordinate. From Arab Spring to Covid stimulus stick it to institutional investors stock frenzy. The aftermath of this will cause regulators to review. Sadly my guess is if a couple deep pockets lose, we'll see change, if thousands lose it will be passed over.

I believe this is another of those situations where the laws haven't caught up with modern society.

As my investment horizon gets shorter and shorter it's sad sitting on the sidelines watching the kids yolo'ing and having fun. But I'm also wondering . . . Where's the beef? Currency backed by nothing and people fighting to invest in failing companies. I'm feeling all of my years trying to make sense of it. It feels like we're creating an illusion of success that will vaporize. I get sell the sizzle. I would understand this easier if these were some unproven tech companies that you youngins think will revolutionize society and betting big, but brick and mortar stores and a shitty handset maker? Smh Grandpa Tex is going to take a nap. Lol

I just read an article on CNN, students are using their student loans to invest. Once a few of those stories get out, both from the winners and the losers, it will make any student loan relief harder to pass.

You gotta have dreams. You gotta process those dreams into goals. The goals have to be realistic, believable, desirable, measurable, and public. He's hitting all those points. I'm going to use him in an upcoming lesson on goal setting. Now that he has that long range goal he can break it into steps. Fitness to stay healthy. Consistent improvement. Great off season regiments. I'm certain his mental game coach is proud.