Political Thrills, Wall Street Chills November 5, 2025 Yesterday’s sweeping election results raise the hope that — if we all continue to lean into it — we just might be able to restore respect for the Constitution and the rule of law. Indeed, faced with such a strong rebuke, Republican Senators and Representatives might even become legislators again, instead of toadies. With Mamdani’s win, New York is facing a tougher tax on the rich — and (some) millionaires support it. (Just to be clear, I paid $41,000 for my apartment. Bono paid more.) OPRT . . . Delivers Fourth Consecutive Quarter of GAAP Profitability, Increases Full-Year 2025 Adjusted EPS Guidance. They now project earnings of $1.30-$1.40 per share, meaning that the stock trades around 4X earnings. I think 12X might make more sense, which would be a further triple. So I’ll happily hold on. Even though I’ve been reading . . . . . . Aaron Ross Sorkin’s page-turning and all too eerily topical, 1929.