The most popular home office for middle aged men has converged on the end of a hallway.  Not sure if this is because it looks better on a video call or if it's the only isolated place from the large family they've built up over the last 20 years.  In the past, coworkers ranged from a laundry room to a garage to a living room, to a dedicated home office.




The lion kingdom believes Elon could not have spent $44 billion on starship if he wanted to.  $25 billion was financed by banks.  A sign of the times, banks would give him $25 billion in credit backed by a social network but not by a space program.  Social networks are better collateral than the pie in the sky space programs that were done in the 1960's.


He was already getting roasted for over spending on starship instead of solving the mundane.  He's completely at the mercy of public opinion, whether it's because of his own desire to be popular or because of public control of tax policy.  A wealth tax was in the news right before the twitter buyout. The public views social networks as more essential than space travel.  Since focusing on twitter, the proposed wealth tax has suddenly disappeared. 


The lion kingdom doesn't believe he's going to manage it like his other 1 day preoccupations.  Being a business owner is more like owning a stonk.  We don't manage the thousands of companies in our index funds.  He could direct the moderation policy & features, but more likely he'll get bored & move on to something else.  

The lion kingdom views the stonk as a buy, below $50. The most likely outcome is the deal closing & shareholders getting $54.20 per share.  There's a good chance of it going significantly below $50 as analysts hype the chances of it not going through.  Positions should be sized proportionally to the amount below $50 because the risk decreases as the price decreases.

The worst possible outcome is a significant fall followed by Elon replacing the deal with a new deal at a much lower price.  Lions see it as very unlikely.  If the stonk crashed that much, the economy would have bigger problems.  Elon has made the buyout his biggest priority & called it his best & final offer.  The price was near the top end of the trading range, hence lions don't see shareholders rejecting it.  Most shareholders own stonk to make money, not to achieve social justice.  There is a bigger chance of shareholders rejecting a significantly lower bid.  Lions aren't sure why the SEC would prevent the deal.  They've historically focused on companies going public & public stonk manipulation.  Elon isn't nearly a monopoly as Warren Buffett.

Analysts compare the stonk to day trading, but anyone buying bonds in fiat money is day trading.  The fed is the biggest day trader.  We're all buying I bonds, betting against the government manufacturing a low inflation rate in the long term.






The lion kingdom was surprised they made JFK permanently off limits to cars, so scenes like this nugget from 1986 are gone for good.   Figured it would be off limits on weekends only, at most.  The lion kingdom used to park there long ago.  











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