On a lighter note, Ham, is this post's photo a tease, a suggestion that there's more to come on the Hipster Grifter? Are you showing us that since her last episode she has added some prose and a rose beneath the phoenix emblazoned on her chest (and opposite the bearded guy branded on her butt)?
That pic is what happens when you get recklessly tattooed in college right after reading Valarie Solanis' S.C.U.M. Manifesto in your Feminist Women's Lit Class.
Imagine how that looks 15 years later after 3 kids by 4 fathers.
this is exactly the problem with school financing. it should be financed nationally from a national tax, so all schools are funded at the same level of, say, westchester county schools
@if_i_only_had_a_heart: I share your desire that all children should have an equal opportunity to learn and succeed (although I believe it would require cooperation and discipline on the part of the child and his/her family, but I suppose that's an argument for another day).
However, I am intrigued at your suggestion that all schools (by which I assume you mean all pupils, on a spend-per-pupil basis) should be funded at the same level as education in glorious Taxchester County, New York. Do you mean to overfund, in practice via national tax rates, schools in areas of the country with a lower cost of living?
It's interesting because if the value (not just the cost) of an education in Wyoming were so much less than in Taxchester, your plan to overspend in Wyoming could help close the opportunity gap. And wealth redistribution happens all the time in the U.S., as the gummint sucks up revenoo using tax rates that are, indeed, not adjusted for the local cost of living, and then hands the money out based on *cough* need.
So, how do we make this happen? Federalization of all school systems? And how would we wrest control of the school systems from states and local governments?
This is one of those "moral" victories, because it's just evidence that the biggest slices of the pie shrunk the most. The poor don't own stocks and real estate that suddenly stop printing money!
There's a great chance that this analysis is totally wrong. Peter probably has a chunk of money is his fund through a General Partner account. That's what would receive the 20% performance fee (if they have positive investment returns). Many times, that money just stays in the Fund.
@LelandDarnsies: Wrong on two accounts. Clarium takes a 25 percent performance fee, not 20 percent. And Clarium had a disastrous year last year, which means it made essentially no money. Thiel has earned fees in the past, when his fund was much smaller.
1.) 2006 is a faraway time. Most hedgies have seen the wisdom in putting less of their money where their mouth is. I would be very surprised if Mr. Thiel has retained this approach.
2.) As you disclosed, liquid net worth. Other, harder-to-value assets like the Facebook stake likely pepper his portfolio. I'd be shocked if that was Mr. Thiel's only venture, after all!
The presence of that statement document doesn't make such a blindered analysis credible. You can get the pitchbook and the marketing materials pretty easily, even from the most cloistered of funds. Hell, the only reason you aren't bombarded with them is because of marketing and disclosure laws that identify you, Mr. Thomas, as neither an Accredited Investor nor a Qualified Purchaser.
@ADismalScience: According to my sources at Clarium, he still keeps his assets at the firm. He no longer runs his personal finances through Clarium, however -- that's how his employees caught him making a donation to NumbersUSA, the anti-immigration lobbying outfit.
09/10/09
I really miss Kari.
09/10/09
Imagine how that looks 15 years later after 3 kids by 4 fathers.
09/10/09
09/10/09
09/10/09
Providing a legitimate equality of opportunity for each human is a noble, impossible endeavor.
09/10/09
However, I am intrigued at your suggestion that all schools (by which I assume you mean all pupils, on a spend-per-pupil basis) should be funded at the same level as education in glorious Taxchester County, New York. Do you mean to overfund, in practice via national tax rates, schools in areas of the country with a lower cost of living?
It's interesting because if the value (not just the cost) of an education in Wyoming were so much less than in Taxchester, your plan to overspend in Wyoming could help close the opportunity gap. And wealth redistribution happens all the time in the U.S., as the gummint sucks up revenoo using tax rates that are, indeed, not adjusted for the local cost of living, and then hands the money out based on *cough* need.
So, how do we make this happen? Federalization of all school systems? And how would we wrest control of the school systems from states and local governments?
09/10/09
09/10/09
09/10/09
09/10/09
Andrew Leonard's blog in Salon has an interesting post on some of the same statistics.
09/10/09
09/10/09
Now the picture has been changed. Hm.
09/10/09
Now if you'll excuse me, I have to resume collecting recyclables so I can eat something besides tears tonight.
09/10/09
09/10/09
09/10/09
I dismissed him because it was too hard to spell.
09/10/09
09/10/09
People call them that because they're being bigots.
09/10/09
05/14/09
05/14/09
05/14/09
1.) 2006 is a faraway time. Most hedgies have seen the wisdom in putting less of their money where their mouth is. I would be very surprised if Mr. Thiel has retained this approach.
2.) As you disclosed, liquid net worth. Other, harder-to-value assets like the Facebook stake likely pepper his portfolio. I'd be shocked if that was Mr. Thiel's only venture, after all!
The presence of that statement document doesn't make such a blindered analysis credible. You can get the pitchbook and the marketing materials pretty easily, even from the most cloistered of funds. Hell, the only reason you aren't bombarded with them is because of marketing and disclosure laws that identify you, Mr. Thomas, as neither an Accredited Investor nor a Qualified Purchaser.
05/14/09
05/14/09
Color me shocked. Foolish and vain, though I suppose it fits the profile.
05/14/09