Arete

I shall pass this way but once; any good, therefore, that I can do or any kindness that I can show to any human being, let me do it now.

@DataTrekMB These types of posts are interesting. There is no stress at these levels but aren’t these levels where stress starts? They don’t start way higher

Single-B spreads today (2.83 points) are below both where they were a year ago (3.21 points) and their one-year average (3.08 points), a resounding vote of confidence in the American economy from this especially risk-wary part of the US corporate debt market.

@tracyalloway @TheStalwart You should read how little this means when investing cash into rapidly growing markets ala AMZN for years and John Malone cable build out. It’s just investing after all.

Hyperscaler free cashflow projections via Charlie McElligott at Nomura:

Careful about constructive sales too. Plus, SpaceX likely too volatile for this. Best way may be to utilize pre paid forward contracts (like a collar) use proceeds in tax loss harvesting strategies, not direct indexing, but LLC or SMA vehicles. Get the losses BEFORE you sell any shares. Most can create 30% per year per account value, invest a million, get 300k in losses to use against gains. Powerful. I will be sharing this strategy with a lot of their employees.

If you have a large unrealized gain on SpaceX and are subject to a 6 month lock-up You can potentially use a zero cost collar to "lock in" your gain: - Buy a put option slightly below stock price - Sell a call option slightly above stock price The premiums offset each other

@sfliberty Mumford and Sons

For decades, American politicians cited Sweden as proof that democratic socialism works. The Wall Street Journal sent a reporter there in 2026 to see for themselves. The Sweden they found is not the country Bernie Sanders describes on the debate stage. 🧵

@DadMf23 @Williamjkelly Didn’t he leave that open since Chicago was a sanctuary city? Did Abbott send and immigrants to other cities?

@Williamjkelly Hey, William. I appreciate your reporting. The question I would have said was why complain about Governor Abbott, he should have went straight to Biden because he's the one that left the door open.

Any questions for Governor Pritzker today?

@AndreasSteno Yeah, what if they start using DIFFERENT tokens like Chinese open-source?

This is the chart that everyone should be watching. If the Token Pricing rolls over, everything from the memory trade to the broader hard-ware and data-centre trade is over for this cycle imho. The whole setup depends on this..

@XFreeze Your happiness in life is always, Your absolute standard of living - ENVY. Or as Buffett is fond of saying, "Love does not make the world go around, Envy does."

Elon Musk on happiness: “Happiness is reality minus expectations” Many people constantly re-baseline their expectations by comparing themselves to others. As a result, even when life is objectively good, many still feel unhappy If you watch Naked and Afraid, or try living in the woods alone for a while, you quickly realize how great modern civilization actually is. Most people want to come back to it pretty fast The more you lower your expectations to match reality, the happier you become

@Codie_Sanchez SMB

I was going to charge for this, but f*** it. My team just put together a 40+ page report of everything we’re seeing right now in the small biz economy. What’s inside: → Real market data on SBA lending → Business buyer demand trends → Data on the ownership succession gap → An inside look at what small businesses are doing with AI right now We’ve spent months doing hundreds of surveys and interviewing dozens of owners to put this together. Now it’s yours for free. Just: 1. Like this post 2. Comment “SMB” And I’ll send it over. (Make sure you’re following me so I can DM you.)

One of the greatest speeches of the late 20th century, given on the 40th anniversary of one of the most spectacular days in human history.

The Invasion of France: D-Day

D-Day: Invasion of Normandy [Real Footage in Colour]

REAL FOOTAGE OF OMAHA BEACH | 4K COLORIZED

6th June 1944. Over 150,000 brave British, Canadian, US and Allied forces landed by air and sea in Normandy. #DDay

@WarrenPies Not sure why nothing is a bubble unless is matches Nasdaq 99-00. Sample size is 1. You mean it cant be called a bubble at .7x? .8x, .95x? Admittedly, I don't think we are at the top either but certainly frothy enough for a short scary retrace.

@jmsolem @ChicagoBears @GovPritzker Ha ha, 🤣 funny you found this.

@ColinACody @ChicagoBears @GovPritzker Yep. Nailed it Coley. What an absolute joke

Statement from Chairman George H. McCaskey and President & CEO Kevin Warren:

@PeterDiamandis Peter, convince every business you know to use AI to credential hires and quit being lazy and falling for a university degree as an any type of signal.

Hot take: Universities charge $300,000 for a degree that teaches you skills any LLM can do for free. At some point we need to have an honest conversation about whether higher education is the greatest individuals misallocation of capital in recent history.

@C_Barraud This risk was always out there. Less energy intensive models and cheaper too. I wonder about the effects.

🇺🇸 🇨🇳 We’ve highlighted this risk for U.S. LLM providers—and especially #OpenAI—on several occasions. ⚠️⬇️ As cost pressures mount, more U.S. companies are turning to #China’s #DeepSeek as an alternative to expensive Silicon Valley #AI offerings. More US firms turn to #China’s #DeepSeek over pricey Silicon Valley AI - SCMP scmp.com/tech/tech-tren… ➡ Chart from OpenRouter: openrouter.ai/rankings x.com/C_Barraud/stat…

@WinnieEatsPoop @WarrenPies If everyone is waiting for March 2000 then one of two things will likely happen. This bubble stops short at .9x and everyone misses the off-ramp waiting for higher or more likely we will blow past March 2000 which will inflict greater pain.

@ColinACody @WarrenPies Even if everything matches nasdaq 2000, the same people will still come up with reason why there is no bubble

Nasdaq 100 Stocks with 400% returns over past year: -2000 peak = 22 -Today = 6 The number of extreme Nasdaq winners today is the highest it has been since 2000, but there is a long way to go to match the mania of the previous Tech Bubble.

@mark_ungewitter Not sure I would advocate buying a flagpole pattern as a sustained wealth building strategy

Today’s semiconductor melt-up obviously resembles post-1998 behavior (upper clip). ROC is well short of the 76-week reading at the March 2000 top (middle clip), but well ahead based on the 61-week interval since April 2025 (lower clip). Trailing stops, anyone?