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!

After Largest Dam Removal in U.S. History, This River Is Thriving | National Geographic

15 AWESOME YouTube Tricks

View All

Ecosystems and biomes | Ecology and natural systems | High school biology | Khan Academy

So just as a bit of a review, if we take the members of a certain species that share the same area, we call that a population. Population, all of the organisms in this particular population will be members of the same species. There could be other member…

CGP Grey was WRONG

As Mark Twain once quipped, “If I had more time I would have written a shorter letter.” There’s a pair of videos on my channel that were in the works for over a year. The Tekoi Videos. One exploration and one explanation. And while the exploration video …

Open primaries, closed primaries, and blanket primaries | US government and civics | Khan Academy

Let’s talk about primary elections, which are often known as primaries. One way to think about them is that they’re just preliminary elections used to get down to a fewer number of candidates. A very simple example would be, let’s say there is a congressi…

15 Things That Are Not Missing From a Rich Person’s Home

Here is something you didn’t know. The inside of a rich person’s house is usually more expensive than the acquisition price of the property, or it’s at least coming close. When you think about rich people’s homes, you probably picture gold-plated everyth…

r-selected and K-selected population growth strategies | High school biology | Khan Academy

What we’re going to do in this video is talk about different population growth strategies for different species and think about if we can come up with a broad categorization or if there’s a broad categorization already out there for us. We see that there…

Lithium 101 | National Geographic

(clanging) [Narrator] Over the course of human history, fuel for industry has come in many forms. But one of the major drivers of development in the current technological age is a highly volatile element that makes up only 0.002% of the Earth’s crust. Su…

Ponzi Factor | SEC Meeting 1

More Articles