Link to article: whitecoatinvestor.com/amorti…

Managing Sequence Of Return Risk w/ Bucket Strategies Vs Total Return Rebalancing Approach bit.ly/445Lmw5

Am seriously wondering how much of the SEC, including many of the disclosure rules, survives after Jan. 20. @elonmusk has a well-documented vendetta against the agency and it's hard to imagine him not demanding some big changes.

New blog on desalination. I think solar plus matched desal can get below 10c/m^3, cheap enough that we can put 5 million acre feet into Nevada, terraforming about 1500 miles of valleys and waterways in that state (>90% remains unchanged though) and creating space for tens of millions of people to find wealth and opportunity in the process.

cc @gspeng

Don't miss this one is a banger!!! I love everything about this guy and story....

Something that is not discussed enough is that if DCA is necessary from a psychological perspective to deploy cash into an asset allocation, the asset allocation may be inappropriate. If you can't handle investing a lump sum today, how will you behave once fully invested?

🎁 To celebrate hitting 40k followers on Twitter, we are giving away: • 1x Lifetime subscription to Koyfin Pro • A bunch of Koyfin hats (modelled by J.Powell) To be in with a chance of winning: • ♻️ RT this tweet and; • 🤝 Tag a buddy who would look great in a Koyfin hat

TBL is back. Going for Broke, by @RPSeawright open.substack.com/pub/better…

Here's a friendly note to $TPL board of directors. Dear Board of $TPL, Over the past 3 years, you have received a staggering number of stockholder proposals. Yet, you have a 100% record of recommending that shareholders vote against those proposals. As you consider your board's culture in a post-Chairman🤡Barry world, perhaps you should completely rethink your relationship with shareholders, and set out on a new path that totally sheds that awful reputation. It's not rocket science, but here is how things would be done if our positions were reversed: 1. If stockholders suggest good-governance changes, such as a declassified board, recommend FOR it, and then give it to them as quickly as possible! 2. If stockholders pass a proposal to act by written consent, give it to them! 3. If large shareholders propose important governance improvements, don't ever send them to the SEC for no-action requests. Instead, set up a call between those shareholders and the Governance Committee and discuss. 4. Once stockholder proposals have been submitted to the company to be included on the proxy, if there is not unanimous views of the proposals amongst board members, perhaps allow shareholders to vote on the proposals with no recommendation from the board on the proxy card. 5. Don't sue your largest shareholders, and don't pay for personal investigators to trail your shareholders. 6. Don't make fraudulent statements on proxy filings, particularly in such important issues such as share authorizations. 7. If a director falsifies SEC filings... remove them for cause (I know this one, in particular, is such a difficult call, right?) We're now just a little over a month away from the 2023 Annual Meeting, and once again, we're facing a meeting in which there will be a handful of stockholder proposals to be voted on. Issues will cover important governance concerns: golden parachutes, written consent, voting procedures, and more. This is the board's chance to begin shedding that anti-stockholder reputation. We can have more of the same 🤡show, or we can morph into a shareholder friendly company that respects their stockholders views. Since you're so delayed in filing your preliminary proxy, there's still time to do the right thing. Your move $TPL.

.@FinPhilosopher testing out his homemade deck x.com/NoCapFights/status/170…

Next decade, which is most likely true?

Aaaannnndddd….we’re off! Cc @Srasgon

To be fair to @QuietProsperity I have one bucket of Quality Defensive Growth and one bucket of Quality GARP so it really doesn't hurt as bad.

⁦@QuietProsperity⁩ thought you might like this overcast.fm/ OOYW5KGDo

Interesting $TPL shareholder letter. Urging shareholders to vote no on proposition 4 - a proposal specifically designed to fit into the guildlines of major proxy advisory firms. CC: @GlassLewis @issgovernance tpltblog.com/2022/10/20/lion…