Terminal Values

@zerohedge Energy shocks always find the fiscal channel eventually. Markets just like pretending borrowing and input costs are separate problems… until they aren’t

Britain's Borrowing Outlook Darkens As Energy Shock Deepens zerohedge.com/political/brit…

@unusual_whales Every AI pause conversation has two layers: what’s genuinely unsafe, and who benefits if the current leaders get time to freeze the board

BREAKING: Anthropic has urged for a global pause in AI development as artificial-intelligence models are nearing capability to improve without human intervention, per WSJ

@TwoMindMoney SpaceX IPO is going to be such a clean & real hype test. Undisclosed use of proceeds: spacex to start accumulating Tesla stock

Happy Friday! Looks like the pullback in tech is continuing. Part of me is wondering how many people are pulling profits and are gonna rotate that money into SpaceX. Hope you all have a great day! Also happy X payday. Do you think y’all get paid today?

@unusual_whales Now volatility stops being a headline and starts hitting real psychological behaviour. Risk tolerance usually gets repriced fast when retirement balances take a hit

Retirement balances fell in the first quarter of 2026 amid severe market volatility sparked by the Iran war, according to a new report by Fidelity.

@RoaringHammy Not weird at all. Just be honest with yourself as to why you’re checking it 😜

Am i weird? I check my stock portfolio multiple times a day 🤣🤣

@YodaStockInvest I’ll try I’ll try 😱

@terminalvalue NOOOOOOO DONT DO IT

STOP LOOKING AT YOUR PORTFOLIO 5 TIMES A DAY

@InvestJourneyX Honest screenshots are more useful than victory laps. Logging red days just add reps to the never ending ledger 💪

Not the fun screenshot, but it is the honest one. -0.83%. Good night legends 🤝

@amanobviously Not at all 😅 that’s the worse part

@terminalvalue lol and you are a realtor?

Canada’s national pastime is checking real estate listings you can’t afford 🇨🇦🏠😀

@IndexAndForget Underrated position sizing rule. If a position disturbs your peace, the issue is usually size, thesis quality, Karen-like emotions, or all the above

Don't invest in stocks that disturb your emotions and peace

@KobeissiLetter The key question is whether this is China/HK-specific de-risking or just capital rotating toward the strongest current narrative.

Chinese investors are dumping Hong Kong stocks at a record pace: Hong Kong equity ETFs listed in China posted a record -$3.7 billion in outflows last week, the largest weekly outflow on record. This marks the 5th consecutive weekly outflow and the 10th over the last 12 weeks. By comparison, Hong Kong stock ETFs saw 11 weekly outflows during the entire 2025. Capital is rotating into China-listed semiconductor and AI-linked stocks, which investors view as more direct beneficiaries of the AI boom. Even a +10% surge in Tencent on Tuesday failed to stop the outflows, with mainland Chinese investors using the rally as an opportunity to exit ~$268 million worth of its shares during the same day. Chinese investors are turning away from Hong Kong.

@Peregrino1708 This is the part people skip b/c it feels like planning to be wrong despite it being necessary

One of the most important investing skills is having a strict sell discipline. Before entering a position, define what would invalidate your thesis and at what level you'll reassess or exit. Most losses don't become catastrophic overnight. They happen when investors refuse to admit they're wrong. As a rule of thumb, I review every position once it's down 15%. The goal isn't to avoid losses. It's to prevent small mistakes from becoming large ones.

@unusual_whales The margins tell a different story 🤣

"Nvidia CEO Jensen Huang pays his workers as much as possible," per Bloomberg

@IndexAndForget 🤣for real

@terminalvalue 😂😂😂😂 And the beard effect

Why is $META the only thing green today?

@Brownmoose @SpaceX Yeah. We’ll need a Musk Theory not unlike the Dow Theory too 🤣

@terminalvalue @SpaceX The first weeks seems solid in general , id sell there is i was ipo investor

Everyone’s hyped for the @SpaceX IPO but look at some of the biggest IPO of the past and their 1Y drawdown. The market is overhyped about these mega IPO but they could mark the top for a bit when they all start the selloff Are you taking the bait and investing in them?

@IlliquidInsight With 1/3 the pay of bankers and arguably longer hours

@terminalvalue Must be a rough life.

Big law might be worse than banking. Making slides all night is pretty mindless. Parsing dense legal docs at 3AM sounds like torture.