2018-10-05

@martyeuler @MebFaber Fair point 😀

@MebFaber When something sounds too good to be true, it usually is. Way the trick works is companies like Blackrock keep up to 50% of short interest revenue, but suffer almost none of equity decline, as they’re just “passive” managers. Blackrock made $597M in short lending last year!

@MebFaber Not all. However, shorting applied to market as a whole is obv net negative — it incents negative gdp! Moreover, it stops private companies from going public, preventing access by retirement funds & small investors, thus increasing wealth divide. https://t.co/7jk2Bs56HR

@Model3Owners V9 moving to wide release now. Holding back Autopilot drive on navigation for a few more weeks of validation. Extremely difficult to achieve a general solution for self-driving that works well everywhere.

@mgerrydoyle Only if they’re extremely tiny

@megnsander We don’t judge. Any pic you want!

Tesla owners can refer someone to buy a Tesla & get any image they want laser etched in glass & sent to deep space for millions of years

@eugenegu Rococo Basilisk is

First Falcon 9 land landing mission from Vandenberg Air Force Base in California coming up soon!

@annerajb @KishavanBhola @enn_nafnlaus @ElonBachman The CIO of a major pension fund is the one who deserves credit for uncovering this scam

@annerajb @KishavanBhola @enn_nafnlaus @ElonBachman The big funds can & will, as they’re suffering a net loss. Index managers like Blackrock pocket make excessive profit from short lending while pretending to charge low rates for “passive” index tracking.

@dlauer @KishavanBhola @enn_nafnlaus @ElonBachman Debatably true, if applied to individual stocks selectively & consciously, but obv false if applied broadly to most of the market & without clear consent of the shareholder

@KishavanBhola @enn_nafnlaus @ElonBachman Where this breaks down is in passive index funds, which constitute most of the market. The holders of those funds, mostly small investors & retirement funds, don’t realize that their stocks are being lent to short sellers, diminishing their true equity return.

@KishavanBhola @enn_nafnlaus @ElonBachman There is no rational basis for a long holder to lend their stock to shorts, as it dilutes the shareholder base & gives the short a strong incentive to attack the company by whatever means possible, including regulators

@Erdayastronaut I hope to be less wrong over time

@FlintSchools @MuskFoundation You’re most welcome. Hope to do more to help in the future.