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!

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