K

Me in 2021: "why would anyone go to Oxford and wear black and white uniform in their old age? Could never be me." Oxford in 2024: "shey you'll come? Bills on us." Me in my old age: 🤭

Activist investor Palliser Capital sent a letter to $7B Japanese toilet maker Toto and said it was “the most undervalued and overlooked AI memory beneficiary”. Toto known for its bidet toilets but the expertise in ceramics is crucial for memory manufacturing. Per FT, “Toto’s chuck technology uses ceramics designed to remain stable at very low temperatures, helping hold silicon wafers firmly during chip production. That makes it relevant to cryogenic etching, which is expected to grow as memory chips become more layered and complex.” Palliser believes Toto has a 5-year moat on the technology and should expand the operation. Advances ceramics already make up 40% of Toto’s operating profit while being only <10% of revenue. Toto is up +60% over the past year on their development.

trying to fix my sleep schedule but the world is so nice and quiet from 12 to 5 am

New Yorkers accepted "freeze the rent" without blinking an eye. But imagine if you took all the city's meat and put it in a freezer. Would you want to eat it 20 years later? Or even 10? Would you want to own it? Freeze the rent = slowly decay housing