Agnost

Deleting this app for good, see you later aligators

I wrote down in personal notes what I got from this website. Needless to say, the return of time spent is abysmal.

If you ever wonder if Twitter used to be better before Musk, have a look at your bookmarks. The number and quality of my bookmarks fell off a cliff since the ketamine-induced impulse buy.

Gross incompetence? Fraudulent promotion? I hope as a CFA you know, Tasha, that an investment recommendation must be made with a reasonable basis. Otherwise you lose your charter for violating the Standards of Practice and Code of Ethics. A $7-$10.9 trillion market cap expected range by 2029 makes ARK perhaps the biggest charlatan of the modern era of fleecing the retail investor. Apple, Microsoft and Nvidia are today valued at “only” $9.6 trillion. The whole S&P is valued at $44 trillion and 24 times forward earnings. Your 2029 4.1% free cash yield suggests a 24 multiple to earnings for the car company, suggesting $450 billion in 2029 profits (today’s REVENUES are $95 billion). Holy delusion, Batman. You couldn’t help yourself by topping last year’s ridiculous predictions by 25% despite flat revenues and fast-declining margins and profits. This one is is a doozy: “Our research suggests that generalizable humanoid robots represent a ~$24 trillion global revenue opportunity at scale.” You do realize the entirety of global GDP is just over $100 trillion? That Tesla Insurance continues to make an appearance in your factually devoid analysis brings humor to the entire episode of the promotion of your book and the car company. Suggesting the insurance business will be nearly as large as Progressive is today? Have you seen the 40% operating losses on the so minuscule book of auto insurance that it doesn’t merit mention in the company’s financial statements? Three years ago you predicted a 40% operating profit in insurance. I guess you meant losses, which actually makes sense. Not sure why @SECEnfDirector hasn’t descended on ARK’s offices in St. Pete or why @CFAinstitute is apparently disinterested in investigating a lack of reasonable basis in your “research” but one thing remains - ARK sure does know how to put a spin on the promote while eviscerating retail investment capital. At least you guys have gotten rich with more than $400 million in management fees while losing literally tens of billions. Grifters gonna grift.

@SILVERnBOLD Inspiring. I smell a great LinkedIn influencer career ahead.

@willjameson @Tesla @elonmusk The ketamine has spoken

@molly0xFFF Niche forums and communities outside giant websites. People creating things without monetization strategies.

If you've ever found yourself missing the "good old days" of the web, what is it that you miss? (Interpret "it" broadly: specific websites? types of activities? feelings? etc.) And approximately when were those good old days?

@buccocapital 50% chance, either war or no war.

Surely there's a principle about not running your mouth on shit you're not qualified to have an opinion about?

@RER_A Heureusement que vous avez fait les maintenances cet été.

❌ Le trafic est interrompu entre Joinville-le-Pont et Boissy-Saint-Léger et est très perturbé sur le reste de la ligne en raison de la panne d'un train et d'une panne électrique à La Varenne–Chennevières. Reprise estimée à 10:00. #RERA

Le train actuellement à La Varenne–Chennevières et en direction de Boissy-Saint-Léger stationne en raison de l'intervention des agents. #RERA

@TrungTPhan It would have been more interesting to see more of this rather than whatever was shown in 70% of Oppenheimer.

In “Oppenheimer”, General Leslie Groves (Matt Damon) doesn’t get a ton of screen time. From the film, you know he can make anything happen but don’t see many specific examples. Here is one: Groves’ team negotiated with the US Treasury to borrow 13,000+ tons of silver (~$8B in 2023) and melted it to make metal coils. The Manhattan Project scientist needed coils for electromagnets and there was a national shortage of the preferred metal — copper — in 1942. According to “The Making of the Atomic Bomb” by Richard Rhodes, Groves tasked Col. Kenneth Nichols to secure 5,000 to 10,000 tons of silver from the Treasury as a copper substitute. After hearing the request, the Treasury gave an “icy reply” and said “we do not speak of tons of silver; our unit is the Troy ounce.” Groves eventually returned the entire amount of silver with only a few Troy ounces lost. Nichols later said of Grove: “The biggest son-of-a-bitch I’ve ever met in my life, but also one of the most capable individuals. He had an ego second to none, he had tireless energy—he was a big man, a heavy man but he never seemed to tire. He had absolute confidence in his decisions and he was absolutely ruthless in how he approached a problem to get it done. But that was the beauty of working for him—that you never had to worry about the decisions being made or what it meant. In fact I’ve often thought that if I were to have to do my part all over again, I would select Groves as boss. I hated his guts and so did everybody else but we had our form of understanding.”

@MosquitoCapital @buccocapital Google used to have one. Advertisers spending dozens of millions got permabanned for advertising legal but morally bankrupt products.

@buccocapital I would love to see real examples of organizations who have ethics departments with teeth/power, even when the company is making money hand over fist

Ethics Department: A small hiccup here. Under our new ethics guidelines, we need to reject this client's request, as they are an authoritarian regime that is killing their own citizens Partner: Fuck off, nerd Ethics Department: OK

Some people should go watch Glass Onion and reflect for a bit.

@tomi @JCOviedo6 @GaryGensler Well it can pull near infinite mass. Move it however..

Elon’s secretary this morning screening more margin calls from Morgan Stanley $TSLAQ

SBF arrested ✔️ Fintwit charlatans arrested ✔️ Tesla down -60% YTD ✔️ Laser eyes, JPEG's nowhere to be found ✔️ McDonald's job application rising ✔️ Nature is healing 🌿

All the smartest people I know are going into web3. On an unrelated note, all of them are prosecutors.

Twitter Employee: Sir we are not able to get the code from Git. Musk Melon: Who is Git? Why isn't he in the office? I said no Work From Home!

I don't wanna make a broad generalization but you have to admit it's at least *interesting* that everyone who likes Elon Musk is the biggest loser you've ever met.

2002: “Organize the world's information.” 2007: “Connect with all your friends.” 2012: “The Sharing Economy.” 2017: “I don’t know. Chat bots?” 2020: “Fuck it. Ponzi schemes.”