In this week’s episode, we’re chatting briefly about Politics - whether the Conservative leadership race in Alberta has any downstream impact and more importantly, some predictions on what a Biden administration might mean for the stock market. We’re also going to discuss Lambda School, income sharing agreements as a viable form of educating high skilled workers, and lastly a reaction to Jerry Seinfeld’s op-ed in the New York Times on why he will never ever abandon New York City.

On Spotify click these timestamps in the show notes to skip ahead in the episode.

• Could a Biden win be good for the stock market? (6:25)

• Lambda School and income sharing agreements. (12:45)

• Thoughts on Jerry Seinfeld’s NYT op-ed. (25:00)
  

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🏛️ Could a Biden win be good for the stock market?

For more context on this statement listen to the clip starting at (6:25).

Joel Shackleton 🌊 @JoelShackleton

Investing twitter consensus is Biden win is negative for the stock market - they’re wrong Trump win: flat to down Biden: first move down on nov 4 after he wins by a landslide then 🚀 Megacorps: get "clear mandate" Rejoins TPP/WHO China relationship reset MMT Green New Deal

8:31 PM ∙ Aug 23, 2020

🚌 What are ISA’s and how is Lambda School making a dent in post-secondary education?

@LambdaSchool, put simply, is a Computer Science education with no tuition until you get a job.

Last week they announced $74M of new funding to push forward their incentive-aligned education mission. Previous investors include Ashton Kutcher, Stripe, Y-combinator, among many others.

Their income sharing agreement (ISA) with students is straight forward, except in California. (Austen is their Founder and CEO)

Austen Allred @Austen

Per regulation, Lambda School is slightly different in CA vs other 49 states. Students in 49 states: Pay 17% of income (only if over $50k/yr) for two years. If you hit $30k payments stop. Students in California: Pay 17% of income (only if over $50k/yr) until you’ve paid $30k. https://t.co/5QaPEyKdyk

Preston Cooper @PrestonCooper93

California approved Lambda School to operate, which is great. But as a condition, they required Lambda to drop the provision of its income-share agreements that terminates the obligation after 24 months, which is WORSE for students. Makes no sense. https://t.co/iA8pNsM1ti

6:18 PM ∙ Aug 23, 2020

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🚌 Who is James Altucher and why is Jerry Seinfeld mad at him?

Jerry Seinfeld was born in Brooklyn in 1954 so it’s no wonder that when James Altucher published an article on LinkedIn titled NYC IS DEAD FOREVER he took offense.

This may be old news to many but Seinfeld decided to write a scathing op-ed rebuttle in the New York Times, linked below.

Duncan Trussell @duncantrussell

Was truly moved by Jerry Seinfeld's passionate rebuke (nytimes.com/2020/08/24/opi…) to @JamesAltucher who said New York was dead. As a realtor it's important to me that people stay in the city and I'm glad heroic millionaires like Mr. Seinfeld are taking a stand.

nytimes.comOpinion | Jerry Seinfeld: So You Think New York Is ‘Dead’(It’s not.)

9:39 PM ∙ Aug 24, 2020

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In this episode, we mention another article written by James titled how to get a MBA from Eminem.

What do you think, is New York dead?

🔮 Predictions:

*Disclaimer: GIM staff, clients, immediate family, and relatives own REITs and other securities mentioned in this podcast directly and indirectly. This email and anything mentioned in the podcast is not investment advice, for informational purposes only. Full disclosure is at the end of the podcast audio.*

1. Biden wins (listen to the clip @ 6:25 for the impact on stocks).

2. Tuitions stay flat.

3. NYC (and other major cities) are reborn as more diverse and multicultural.
   

p.s. If you have been forwarded this newsletter, click the button below to subscribe!

p.p.s. This week’s riddle:

These 5 guys don’t come with fries.
They don’t write hit singles,
or do stadium shows live.
But when it comes to views they’ve got it covered,
53 million subscribers for trick shots -
that’s one big number.

Answer from last week: Ryan Reynolds

Enjoy the rest of your week!

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