In today's newsletter, I argue this is the sweet spot for the DSA. DSA members are *very* college-educated (80% BA+) but *not* particularly well-off (45% HHI incomes below $60K). Their class status is ambiguous. But they tend to be very liberal on culture as well as economics.
Income and education are usually positively correlated. But sometimes the relationship breaks down. What's the most Democratic voting group in America? People with post-graduate degrees but lower-to-middle incomes.
What evidence is there that it works? Ackman is a nepo baby, and I'd expect him to underperform index funds absent inside information and possibly even *with* inside information given how much of a tool he is.