I thought price discrimination was illegal. Its gonna implicitly learn and differentiate based on age, race, gender etc if those factors are correlated with marginal willingness to pay.

Imagine the AI sees AA and United’s airfares. A mechanism for implicit collusion.

SEC budget -7% YoY. $2B to police all of markets. JPM 2025 IT budget: $18B. I’m sure it will all be fine, people have gotten more honest over time, markets have gotten more efficient, and NYSE/NASDAQ are stopping obvious scam companies from going public. appropriations.house.gov/sites/evo-subs…

My response to the Tucker Carlson/Trevor Milton interview

What happened to earnings blackout windows? Insiders at $MSTR purchased $20M+ (Stretch) just one day before earnings will be announced. Are stock offerings the new way to bypass blackout windows? James Chanos

So much for earnings blackout periods. The fund (CD&R) has two board seats. I am seeing an ongoing trend of (1) funds viewing the company’s insider trading policy as applying only to their directors’ personal holdings not the fund itself [questionable legal practice] and (2)

The PFAS lobby wins! Not good!

Heard on the Street: Some fund managers are so obstructive that they might as well kick sand in investors’ faces. | My latest ⁦The Wall Street Journal⁩ ⁦Heard on the Street⁩ wsj.com/finance/invest…

The jaws of stagflation are wide open, per Bloomberg:

This physicist literally dropped the coldest truth about life

A great securities law test question: in what context could RomanticPaul be prosecuted for insider trading

Chinese money launderers appear to have moved some $312 billion in illicit transactions through U.S. banks and other financial institutions in recent years to aid Mexican drug cartels and other criminals, the Treasury Department said on.wsj.com/4oUXA5h

China Hustle v2.0 wsj.com/opinion/beijin…

The real issue, which ⁦Nasdaq Exchange⁩ doesn’t want to admit, is that odds a small #China company listing in the U.S. are real is close to 0. Given the costs, cultural & language differences, geopolitics, and time zones, a small reasonably real company stays closer to home

Definitely not. I’ll take that bet any day and twice on Sunday