Variable Consideration

@FundamentEdge Seems like a super easy fix. Keep hiring junior talent.

For the first time since the ChatGPT moment in November 2022, I'm starting to get worried about the labor market outlook for junior investment talent into 2027. Maybe the kids won't be alright.

@CarOnPolymarket @zerohedge Keep us posted

Infinite money glitch? There’s a market on which day Trump will insult someone. Each day has resolved “Yes” so far. I bought $100 on each day for the rest of the month.

@DiNucciMane @randomrecruiter Skills inferred from role descriptions on your LinkedIn or from the self selected skills list you populate?

@corpcapture @randomrecruiter Just your profile and skills and a check mark next to your skills if they match

Recruiters aren't using the LinkedIn you're using. We're on a $12K/year product called LinkedIn Recruiter. It resembles more of an ATS/Job Board than a social media feed. We type keywords, scan results, and the first that pops up is your headline. Here's how to fix yours: Title | Skills | Value Prop This keeps it makes it easy to identify what you do as we scroll through 100s of candidates to "stop the scroll" and click your profile. randomrecruiter.substack.com/p/the-one-link…

@DiNucciMane @randomrecruiter What stuff? I've always wondered this

@randomrecruiter One time I recruiter, for some reason, emailed me with the LinkedIn recruiter email they got when I applied for their job, and it showed all the stuff they see on their side when they receive a new applicant. Was very eye opening.

@imPenny2x So companies will be producing so much at such high margins they will want to give their money away to people? The same companies laying thousands of ppl off every month because they’re too expensive? That’s what you’re telling me?

99% of people really do not understand abundance as Elon describes it. The fundamental reason is that they don’t understand compound growth. Same people who would probably pick 1 million dollars today over a penny that doubles in value every day for 30 days. It’s a bad choice by the way. You lose out on millions. Imagine if that doubling object was a labor producing robot instead of a penny. Compounding labor. It’s actually crazy if you try and wrap your mind around it. So Elon mentions Universl High Income and the midwits flip a lid. “The elites won’t share” You don’t get it. They won’t need to share. They will make everything so cheap, it is effectively free. Charities will have immense resources to distribute. Unfathomable intelligence will exist to help optimize production and distribution. An unfathomably large labor pool will exist that operates on solar power exclusively. The public work projects that are erected will be unseen before levels of breathtaking. I think we are incredibly blessed to steward this new age of abundance. Can you see it now? Can you see the future?

Never would have ever imagined politics would get to the point where people are bashing the literal Pope on twitter

@Pontifex Never would have ever imagined politics would get to the point where people are bashing the literal Pope on twitter.

Woe to those who manipulate religion and the very name of God for their own military, economic, and political gain, dragging that which is sacred into darkness and filth. #ApostolicJourney #Cameroon vatican.va/content/leo-xi…

@colejaczko @HighYieldHustle I used to think about this a lot. Theoretically sounds enticing but in practice the volatility decay eats away at your returns. What were you returns relative to the underlying index?

@HighYieldHustle I really just think all the time why don’t we just do this Drawdowns are brutal but if you are betting on growth Tech, the QQQ will benefit Note: I did this in a small account as an expirement. $2K to $7K in a few years

If you longed $10,000 in $TQQQ over the last 10 years you are a psychopath but, you turned it into $2,700,600.

@HighYieldHustle Doesn’t work. Volatility decay

@thejeremyredman @StockSavvyShay It’s the optics and timing. Ppl are tired of layoffs. If you’re business was struggling so much that you needed to fire 1000ppl and completely upend their lives in the worst job market in decades, then surely you don’t have the time & money to go party at Coachella. Bad timing.

@StockSavvyShay Is it a tough scene? Business decisions and personal decisions colliding? I’m a little tired of this kind of sentiment. The pressures of running a public company I can only imagine. Guy built it from the ground. Layoffs suck, ofc. You expect him to live in shame and dread?

$SNAP is laying off ~16% of its workforce while guiding for ~$1.53B in Q1 revenue, ~$233M EBITDA and up to $130M in restructuring charges. Tough scene for morale when layoffs hit right after the CEO Evan Spiegel is having the time of his life at Coachella.

@Geiger_Capital @zachweinberg I didn’t realize ppl thought this. Everyone knows the rich pay tax. The complaint is they don’t pay enough as a % of their income

One of the great political moves by the left in recent years has been convincing a large portion of America that "the rich" don’t pay taxes and it’s all poor people, when the exact opposite is true. The Top 1% pay 46% of all income taxes. The Top 10% pay 76% of all income taxes.

We're definitely in a bubble. This is a bubble. We've been through this before in the late 90's. But given the insatiable demand for compute right now, I don't imagine it popping any time soon. $BIRD

@harleyf Someone has to employ all the new Canadians...

If bigger government meant better results, Canada would be crushing it. We’re not. So what are we actually optimizing for?

Microsoft $MSFT absolutely dominated with Teams. Showing distribution > product. But what about Copilot? It also sucks. Will it eventually catch up? Or are other AI assistants like Claude too sticky? Enterprise is the game. I imagine copilot will eventually start taking share.

@MikePMoffatt I know affordability is the main reason among my friends. Wages are so so low in Canada. Having to live with roommates. Hard to think about raising a family in that environment.

New piece from Cara and me, on how the affordability crisis is shrinking family sizes. Read: With a record-low 1.25 children per Canadian woman, stop dismissing falling fertility rates as a choice thehub.ca/2026/04/14/wit…

@jeremybernier @realEstateTrent When did you live in SF? I expected it to look like a futuristic city out of Asia. It’s the tech capital of the world. But blown away about what a wasteland it has become. Every block full of abandoned store fronts and ppl passed out on the street. So sad

Sure but you don't need to be SF to feel this. SF is a relatively sleepy town if you've lived in a big city, and a massive step backwards if you've lived in an Asian city. Most coffee shops close by 5-7pm and are very basic. I'm not trying to be a debbie downer, I just don't understand why X is constantly hyping up SF like it's this super thriving city, as if you should be feeling FOMO if you're not there. Yea the density of talent is high, but the town itself (notice I didn't use the word "city") is very sleepy and mid.

I was on the phone today with a friend who’s deep in the startup scene in San Francisco. His eyes completely lit up as he was telling me about the scene there right now. “It’s AI pandemonium out here!” People are flying in from all over the world. They just want to be part of this moment. He said you walk into coffee shops or restaurants and hear every language you can imagine. Young people everywhere, all chasing the AI craze, and they’re all on Claude code all day doing crazy things. He told me the level of disruption right now feels like an absolute gold rush moment. They’re 100% convinced this is the beginning of a massive technological change that will completely change society. Apartments are hard to find. Rents are surging. People are doing whatever it takes to be there. It’s a massive gold rush and everyone wants in.

@shortsqueeznews Rent in Sam Francisco is up about 50-70% since last April. At least in the East Cut neighborhood downtown. Insanity

BREAKING: Chicago rents have surged 9.5% over the past three years, challenging the city’s “cheap big city” image. With new construction slowing and Chicago average rent surging 3.4% to $2,009/month, San Francisco was the only major U.S. city to post a larger increase.

@nbrempel The problem in Canada is the wildly unbalanced supply/demand in the labor market that has been putting downward pressure on wages for decades. Endless immigration making things much worse. Too many ppl, not enough jobs = stagnant wage growth

I agree with this. Does Shopify pay the same for US based SWEs vs Canadian?

@nbrempel Ppl leave because Canadian employers pay pennies on the dollar compared to Americans counterparts. There are more jobs in the US and salaries are double. This is why I left and why many of my friends have as well. Employers/companies are part of the issue. Not just gov

@AladinKumar1 @nbrempel You can get rid of them immediately

@nbrempel If they hire someone in Canada and it’s a bad hire, how quickly can they get rid of them? The reason the salaries in the US are much higher is because you can do so very quickly. You might think stability is worth it, that’s ok! But that’s the trade off