Saturday, April 4, 2026 
Which Ponzi Finance Should They Use?
The Headline:
ProLogis (PLD, $9.45, -$0.56, -5.59%) said it hadn’t decided whether to deliver its quarterly dividend payment in cash or partially in stock. The warehouse developer had cut the dividend in November to a $1 annual rate from $2.28.
The hilarity of it all. The shell game has come to an end. Now, they may pull the same thing that Vornado Realty (VNO) did. Should we pay less than we said we would or should we pay less than we said we would?
I’ll try to buy more puts tomorrow. This is fun.
Peace
a sinking ship
The techniques I developed for studying turbulence, like weather, also apply to the stock market.
-Benoit Mandelbrot
