Ponzi Factor | SEC Meeting 1

2m read

·Nov 3, 2024

Hi everyone, this is Thanh. A quick note, kind of exciting news! I am in the process, as in either this morning or next hour or so, I'm gonna go into a roundtable meeting with the chairman of the ICC, J. Clayton, and also some other senior officials of the SEC.

The meeting is not specifically about my book; it's about broker agents or something, some kind of communication. But it will be a roundtable meeting, so I will be able to address Clayton and the other SEC members with some important questions, like: why do Google Class C shares exist? Why is Elon allowed to do what he's doing?

I don't think I'm gonna get a direct answer about Elon Musk and what their investigation is on him, but it will just be a reminder that yes, Elon and what's going on over there is heavily on our mind still. But more importantly, I do want to ask him about why Google Class C shares exist and seek an opinion about why these Ponzi assets have paid no dividends and have no voting rights are allowed to exist in the market.

I'm not gonna corner J or any of those senior officials about this because I can easily corner any finance academic with the facts I know, but I'm simply going to offer to ask him for an opinion. I don't want them to go into defense mode; I simply want an opinion. Honestly, that's what I've really always wanted for quite a while from someone from the SEC: just an opinion about why Google Class C shares exist and why Berkshire and many other companies can avoid paying dividends for as long as they have.

The reason I'm telling you about this now, at the last minute, even though I've known for several weeks that I'm going to attend this meeting, is because I was afraid that if news got out and they knew who I was, they might have actually taken me off the guest list. I did actually try to attend the Denver meeting once.

I'm not gonna tell you exactly what happened. Bottom line is, my name got removed at the last minute, I think. So let's see what happens. I'll let you know. Bye!

The 4 things it takes to be an expert

Trapped in the icy waters of the Northwest Passage | Podcast | Overheard at National Geographic

View All

Stare decisis and precedent in the Supreme Court | US government and civics | Khan Academy

As we’ve talked about in many videos, the United States Supreme Court has a very different role than the executive or the legislative branches. The executive branch, of course, runs the government. The legislative branch, they make the laws and set the bu…

The Genius of 3D Printed Rockets

This is the world’s largest 3D metal printer. It was built by Relativity Space, a startup that aims to print an entire rocket, including fuel tanks and rocket engines, in just 60 days. I’m like looking inside a 3D printed rocket that is actually gonna go …

Categorical grants, mandates, and the Commerce Clause | US government and civics | Khan Academy

In a previous video, we’ve introduced ourselves to the idea of federalism in the United States. At a high level, you could view it as a contract between a national government and the states of which it is made. But you could also view it as a layered form…

Treating systems (the hard way) | Forces and Newton's laws of motion | Physics | Khan Academy

All right, this problem is a classic. You’re going to see this in basically every single physics textbook. The problem is this: if you’ve got two masses tied together by a rope and that rope passes over a pulley, what’s the acceleration of the masses? In …

Rental Income Podcast Interview: How I bought 3 properties by 22 years old

Inspiring interviews with today’s top landlords. This is the Rental Income Podcast. And now, Damle. My guest on the podcast today had incredible timing when he decided to start buying rental properties. He bought three properties at what, looking back on…

Naming ions and ionic compounds | Atoms, compounds, and ions | Chemistry | Khan Academy

Let’s get some practice now thinking about how ions typically form, how they might form compounds, and how we name those compounds. So, let’s start with something in group one, in this first column. This first column is often known as alkali metals, and …

Ponzi Factor | SEC Meeting 1

More Articles