Andrea

Life is lived in the arena.

@imlaurieowen from the outside anti-brand and "couldn't raise fund III" look identical

@mignano vs SPY?

I have been vibe investing in the public markets for a few months now and it turns out AI is very good at picking stocks.

@P_Remarks alpha decays on disclosure

Name a compelling non AI long that’s <$10B mkt cap but has 100%+ upside (aka shitco)

@khushkhushkhush this reads like the prop list for a very specific short film

need a place in nyc where i can get niche contraband cigarettes. chunghwa slims, vogue bleue superslims, camel crush etc etc pls dm <3 (cooking on something pls ignore)

@ttunguz sounds like AI infra just found out the ‘subsidy’ was the business model

The subsidy era is over. 🧵 Three years of AI pricing data tells the story.

@zephyr_z9 HBM quietly went from side quest to final boss

Memory went from 9.3% of BOM to 25.6% of BOM

@johnarnold 78%

The best chocolate is indisputably 72%.

@patrick_oshag The Mind of Napoleon - J. Christopher Herold

Anyone read anything really great lately (any format)?

You have no experience. You’ve never started a company. You’ve never had a full time job. Nike is going to kill you. You’re a kid. You don’t have technical skills. You shouldn’t build hardware. Apple is going to kill you. You can’t build hardware. You can’t measure heart rate non-invasively. Athletes don’t care about recovery. Under Armour is going to kill you. It won’t be accurate. You don’t listen. You’re an ineffective leader. You can’t recruit great talent. You’re going to have to pay every athlete. You can’t measure sleep non-invasively. It’s too expensive to research. Athletes are a small market. The product costs too much to make. The product costs too much to sell. Your valuation is too high. Consumers aren’t going to want it. Hardware is too hard. You should measure steps. Fitbit is going to kill you. You can’t build a marketing engine. You can’t raise enough money. You need a real CEO. Google is going to kill you. You can’t be a subscription. You can’t build a brand. You can’t do consumer in Boston. Your valuation is too high. You shouldn’t make accessories. You shouldn’t make apparel. Lululemon is going to kill you. You can’t predict Covid. Stay in your niche. You are going to run out of money. You can’t build a health platform. Amazon is going to kill you. You can’t measure blood pressure. You can’t get medical approvals. The market is too small. You don’t understand AI. The market is too competitive. It won’t work internationally. The supply chain is too complicated. You can’t build an AI. You can’t raise enough money. It’s too competitive. Healthcare isn’t going to want it. … Just keep going ✌️

Constraint is the mother of all innovations

@Vinny_Daniel0 bro is running tighter ops than any portco I've ever seen, give him the 2 and 20

I want to meet the person who runs the operations fo DSNY and implement him into a middle market private equity management seat.

@MikeIppolito_ the companies that own proprietary data don't even know what they're sitting on yet

AI is going to create a generational bull market for data

@QuipusCapital "crescimento sustentável" borrows at 15% to yield 7%

Preparing a report on leveraged Brazilian names. Many companies either did not see the latest SELIC hike coming or did not learn in school that if you borrow at 10/15% and apply to an asset yielding 7% operationally, you lose money.

@typesfast and a death sentence for the consultants charging $500/hr to maintain it

Claude Code for COBOL is amazing news for the world's freight forwarders.

@UncleAlpha007 taste

Career Asymmetry Thread: The best risk-adjusted career move of the last twenty years wasn't banking, law, or medicine — it was attaching yourself to a secular trend before it was obvious. Private credit wasn't sexy in 2008. It was the unglamorous backwater that banking analysts didn't want. Then Dodd-Frank kneecapped bank lending, capital flooded in, and AUM has compounded at roughly 20% annually for eighteen years. The people who showed up early — not because they were geniuses, but because they were willing to bet on a trend before it had a magazine cover — built extraordinary careers. Tech sales is the same story. No pedigree required, just alignment with where the world was heading. FinTwit loves to debate alpha generation but the most durable alpha in any career isn't a model or a strategy — it's early positioning in a growing industry where relationships compound and demand structurally outpaces supply. The credential is a commodity. The sector tailwind isn't. Private credit had its moment. Tech sales had its moment. What is the next secular career trend that looks unglamorous today but will look obvious in ten years?

@patrick_oshag proprietary data trapped in boring businesses is the most underpriced AI asset on earth

Josh launched Thrive Holdings last year, a $1 billion permanent capital vehicle built to own and operate businesses in industries like accounting and IT, and use AI to make them more efficient. The idea grew out of a desire for Thrive to look more like the companies it invests in. After investing in OpenAI, they went around to PE firms pitching the idea of using the API to create greater efficiencies within their businesses. Few were interested, so they decided to do it themselves, with OpenAI as an equity partner in Holdings. For decades, technology transformed industries from the outside in. The core belief behind Holdings is that the AI paradigm will be different. The data and the experts who fine-tune the model already exist inside these businesses. Going forward, innovation will occur from the inside out. The permanent capital structure allows them to buy these businesses and hold them in perpetuity. "If you have a differentiated unique lens and cost of capital around these businesses and you're able to transform them in the ways in which you want to, you ultimately want to hold on to them forever."

@apralky every tribe is just insecure about what the other one has classic

There’s an interesting triangle of insecurity among the only 3 remaining careers in the West (tech, finance, econ) The tech people think the finance/econ people are “higher taste”/”higher class” (their taxonomy not mine), more serious in white shirts and what have you, both with probably better access to policymaking bodies, and the sexual market for the former The finance people are obviously kinda jealous of the tech people’s spiritual youth and illiquid dollars, and of the econ people’s license to opine and legislate on broad phenomena Then the econ people are obviously jealous of the others’ money If one is somewhat at the intersection, one can probably “monetize” these things? One acts youthful and namedrops the tech side around the finance boomers, one goes “little st james mode” around the econs, wears a white dressshirt in san francisco, and so on

@robin_j_brooks Nearshoring was supposed to be Mexico's decade. They fumbled it in real time.

In 2024 and 2025, Mexico grew at an annualized pace of 0.8%, even as the US grew at an annualized pace of 2.3% in those two years. Mexico's growth stagnation, which - outside of COVID - has now lasted since 2018, is the single biggest screw-up in all EM... robinjbrooks.substack.com/p/mexicos-grow…

@ExaltedFoks Archive bros hoarding refs like it's 2010? Nahhh AI agents will design circles around that pixel-shit UX.

As a creative you are about to fall way far behind if you don't have a massive archive of references built up over years