Jennah

Yesterday we posted a substack note, called "Follow the Queen" (zero politics). Her stock picks have been great and her take here is spot on. WTF are we doing pardoning a guy who trafficked 400 tons of cocaine.

$NVDA CEO Jensen Huang said it best: "throughput per unit energy equals your revenues." Every company building for AI will be judged by how much compute they can deliver per watt. That’s the new productivity curve.

I’ve been consistently warning that Nvidia was becoming a systemic risk, and now it has. Systematic risks aren’t new to the global financial system, they’ve always been around and always will be. But we’ve never seen a single company come this close to outgrowing the second-largest stock market in the world. The best part? Around 30% of their revenue comes from just a few customers, another 30–40% leans on China, which, in turn, depends on smooth smuggling and approvals for downgraded chips. And for the grand finale, they’ve been consistently using accounting “magic tricks” barely legal if at all.

Trump now has a majority on the Fed board. Realize where we are.

PRESIDENT TRUMP: "If you burn a flag, you get one year in jail. No early exits. No nothing... and it goes on your record."

BREAKING: PRESIDENT TRUMP HAS FIRED FED GOVERNOR LISA COOK. No sitting U.S. president has ever fired a Federal Reserve Board Governor. This is a first.

Hydrograph CEO? $HGRAF

10-baggers aren’t just about sector disruption, they happen when a company has world-class management with a vision to build something massive.
 Here’s a thread of 10 companies that perfectly check both boxes: 1) Hims & Hers | $HIMS
 $HIMS is disrupting the traditional healthcare industry with a DTC model that makes access to treatment faster, cheaper, and more convenient. Traditionally, if you needed a prescription (for example, finasteride for hair loss) you had to schedule a doctor’s appointment weeks in advance, go in for a visit, and then wait even longer to get your medication. With $HIMS, the process is radically simpler: fill out a form online, choose your subscription plan, and within a few days your treatment arrives at your doorstep. This frictionless experience is revolutionary, and it’s fueling rapid growth across categories like hair, skin, sexual health, mental health, and more. The company is founder-led by Andrew Dudum, who started $HIMS in 2017 and has been scaling it ever since. Alongside him are CPO Dheerja Kaur (former Robinhood CPO who built Robinhood Gold Card), COO Nader Kabbani (20+ years at Amazon, including leadership at Amazon Pharmacy/One Medical), and CTO Mo Elshenawy (ex-Cruise, with deep expertise in scaling tech platforms). Together, this leadership team is shaping what I believe will be the future of healthcare.

You don't blow your accounts because of bad luck. It's bleeding because of your ego, your fear, and your greed. You are sabotaging your own success. Stop letting your emotions burn your money. It's time to fix the real problem: you.

WARREN BUFFET BUYS 5M SHARES OF $UNH