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on.spdji.com) It's hard to make the math on hedge funds add up. nytimes.com) Budgeting When you do the math, it's hard to find trillions to save in the federal budget. econbrowser.com) The Department of Veteran Affairs now makes up 5% of the federal budget. prospect.org) The math on mass deportation doesn't add up.
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While the FIRE (Financial Independence, Retire Early) movement has been spreading like, well, wildfire on social media, that’s not what we’re talking about here. After you’ve done this math, you might be wondering if you have “enough,” and certainly that’s hard to assess when there are so many unknowns.
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SETHI: And all these this media about how the stock market was going up 15 percent a week. Media subscription should be free. Every time I do media, the predominant question is, times are tough, things are crazy, how do we get by? You know, a rich life, most people expect a money book to start with a chapter on budgets.
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One, it doesn’t have a budget allocation from Congress. They’re a budget, they’re a check writing organization. BRYANT: So money, unlike math, money is highly emotional. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there. RITHOLTZ: Right. RITHOLTZ: Yes.
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The other is, it was a fascinating exercise to see how the media works. And then massive amounts of media attached to it. And what’s their budget like a fraction of it, right? RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before.
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Everything was the same except, Chicago had in its budget to give me money for airfare to go visit. My mom was a math teacher so — RITHOLTZ: Okay. But the financial media does a great job of coming up with stories why whatever is working is the truth and whoever is losing is — RITHOLTZ: Right. RITHOLTZ: Yeah.
Well, I think it’s a, dude, it, it was toxic social media in general has this toxicity problem, but opening the floodgates. I will say, if anybody thinks the public square, as we’ve traditionally known it, is what people go to social media for. That’s less than one 100th of 1% of the annual budget.
But also, this is a story of starting a small media outlet, a small web presence, and recognizing that there’s business potential here, and how to slowly grow that into something that’s substantial. RITHOLTZ: So wait, you’re, I’m trying to do the math, if you were 24 in ‘08, so you got this watch in 2000, 99?
Now she’s leading a push to legalize gambling in Texas [link] Legal gambling leaves society as a whole worse off Feb 16, 2023 As the country emerges from a pandemic that left children zoning out over Zoom, parents are turning to the turbocharged “Russian math” method to give their kids an academic edge.
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