Charter Oak Capital

@SenWarren Idiot. Spirit couldn’t handle the volatility, which showed they needed to merge; this why they went bankrupt twice. And you can’t see it. What an idiot.

Spiking fuel prices from Trump’s war was the nail in the coffin for twice-bankrupted Spirit airline. FWIW, JetBlue merger failed because a judge, appointed by Ronald Reagan, said the deal was illegal. Republicans are desperate to shift blame from higher costs hitting families.

The CEO of a $90 million market cap community bank in rural Indiana has not opened his email since 2017. His secretary, who has worked there since 1991, prints the important ones and puts them in a manila folder on his desk. He goes through the folder once a week, on Friday afternoons, with a red pen. If he writes “OK” on it, she replies. If he writes nothing, she does not. If he writes “ask Carl,” she calls Carl, who is the EVP of lending, who does not have email either, but who has a flip phone that he answers on the second ring, always, except during the high school football game on Friday nights, during which the bank, as a matter of unspoken policy, does not exist. The bank has $340 million in deposits, a 12% return on equity, no charge-offs in nine years, and trades at 0.79x tangible book value. An investor relations consultant from Chicago flew out in 2019 to pitch them on building a website. They listened politely. They served him coffee. They did not build the website. The consultant is now divorced and works at a Chipotle. The bank is going to be acquired in 2027 at 1.8x book by a regional that has spent four years trying to figure out how to even contact them, and which finally, in desperation, sent a letter, by mail, addressed to the CEO, who opened it, in his office, with a letter opener his father used, and who wrote on the bottom of the letter, in red pen, “OK,” and handed it to his secretary, and the deal closed six months later for $164 million in cash, and the secretary retired the following spring, and Carl bought a boat.

My wife left me in the spring of the year I bought my seventh community bank. She said I had become unreachable. She was correct. I had spent the previous eleven months reading 20-year charge-off histories for a $62 million market cap bank in eastern Tennessee and I had, in a literal sense, stopped hearing her when she spoke. I was not ignoring her. I was underwriting. There is a difference, but it is not a difference that matters to the person on the other side of it. She took the dog. She took the good couch. She left the filing cabinet, which contained, among other things, 14 years of annual reports from banks in towns she had never heard of and would never visit. I sat on the bad couch for a long time. Then I got up and I kept buying the banks. The Tennessee bank was acquired 31 months later at 1.8x tangible book. The return paid for the divorce and the couch and a down payment on a house I live in alone. I do not recommend this life. I am describing it, not prescribing it. But I will tell you that the banks never left. The banks paid their dividends every quarter, on time, for 14 years, through two recessions and one pandemic and one divorce, and the banks are still here, and the banks will be here when I am not, and there is a version of fidelity in that which I have stopped trying to explain to anyone who has not felt it.

@ick_real Gertrude Grace Belle

I'm looking for a ridiculously old-fashioned girl's name for our new born . Think great-grandma name. Very old and rare. Any suggestions asap pls?

@MurrayHillGuy1 Sorry your job sucks bro. Sorry your job sucks and u live in shitty apartment bro

The most important struggle facing any guy entering his thirties and working a white collar wagie job is the ceaseless fight against the crushing of your soul and the hollowing out of your zest for life

You know what going out in NYC every weekend is like? It's groundhog's day. Every party is the same, every lounge, every club every bar, nearly every conversation. Even a lot of the art and music is just lame repeats. You trick yourself into thinking that you are really living and being "free" (YOLO!), but you are actually in an eternal re-run. And no one really grows, you have fake friends, superficial connections, and tedious interactions with banal, repressed intellectuals or overexcitable, emotionally unhinged morons. If you are really shallow, you might have some "thrilling" dalliances with trash. What a life lol.

@SahilBloom Honestly unless you are a raging alcoholic that needs to go to a club/bar 2-3x a week, almost everything you can do with well behaved kids but it's more fun sharing with them. You also have family to babysit on a date night once a month to go to a trendy bar/restaurant if desired

@michaeljburry Wow

In light of market events, I am making this article free for the next 24 hours. Foundations: U.S. Market Structure & Value Powerful Trends, Increasing Fragility & Coiled Tension open.substack.com/pub/michaeljbu…

@elerianm Bonds barely moving

A classic initial market reaction to this weekend’s eruption of military conflict in the Middle East: Oil has surged over 10%, the Dollar has strengthened, and Dow futures have opened down some 500 points. #economy #markets #oil #stocks #fx

Life is fucking electric bro. Don’t fall for the doomer shit. Thats for losers and normies scared of their own shadows. Walk around like God sent you and smile at everyone you see. Spread light and abundance. Build things and take chances. This is the best time in history!

🚨 JUST IN: Hillary Clinton in Germany rips open borders, demands a halt to mass 3rd world migration and secure borders "It went too far! It's been disruptive and destabilizing!" When's the left calling her a Nazi?!

@EmmanuelMacron @IfindRetards got one

In France, we believe in science. That is why, on May 5, I issued a clear and open call to the world: for science, choose France. I am very proud to see that this call has resonated so strongly. Around forty leading researchers have chosen France. Through “France 2030”, we have invested more than €30 million to advance health, climate action, artificial intelligence, and fundamental sciences. Science has found its home.

@jaltma How quaint and cute

Woke up today thinking about how proud I am of Sam. He helped sparked the fire that is driving the economy and OAI is one of the sickest companies of all time. He handles insane pressure with constant integrity. So proud to be his brother. Anyone who bets against him is a fool.

@_robyn_smith Just fuckin visit for a few weeeks

California taxes are 100% worth going to the beach in February

> royal freeloader who’s sucked on the British taxpayer teat for 60+ years without ever holding a real job > born into obscene privilege, handed a navy commission he barely earned, then “retired” at 40 to live off public money > pocketed £250k+ annual allowance from the Sovereign Grant — straight from taxes — while doing fuck-all “trade envoy” photo ops > lived rent-free in massive Royal Lodge, 30 rooms, 98 acres, all maintenance and upgrades quietly billed to the Crown Estate (i.e., taxpayers) > private security detail costing millions per year — paid by the Met Police budget until the scandals got too hot > even after getting stripped of titles and duties, still clung to the mansion and perks like a spoiled parasite > £12 million Epstein settlement reportedly bankrolled in part by mommy Queen’s Duchy of Lancaster funds — again, taxpayer-linked revenue > daddy Charles finally cuts the cord in 2023-24, forces him to downsize because the public finally screamed loud enough > still refuses to leave Royal Lodge, squatting in a property he can’t afford to heat or secure on his own > zero income, zero contribution, infinite entitlement — just endless luxury funded by nurses, teachers, and binmen > whines about “privacy” while every brick of his lifestyle was built with public cash > ultimate symbol of royal parasitism: a useless, scandal-plagued spare who’s never paid for a thing in his life absolute disgrace to the crown

@signulll @clkbsfth The primitive “normie” is going to say fuck all AI after watching. This commercial kills the sponsor as well as the competitor

@clkbsfth what are you talking about? think about what’s going on inside the head of an average consumer of chatgpt (who is using it for free). then imagine what goes on in their head. this ad hits the primitive part of the brain very well imho.

i have a lot to say about these ads but holy fucking shit… this might be the most tasteful & brutal takedown of a category leader i’ve ever seen. & during the fucking super bowl? insane. usually these things almost always fall flat (see: slack “welcoming” microsoft teams with a fucking newspaper ad & how cringe that was), but this one lands dead center. even normies will clock the subtlety. the capturing of chatgpt’s drift in personality, tone, & vibes is absolutely unreal. almost surgical. normal ppl i know make fun of how chatgpt talks. imo openai made themselves vulnerable here by simply trying to do so much (enterprise, codex, consumer, etc) & lacking a singular cohesive narrative other than they have 800m users. like even google is taking shots about openai being forced to run ads. anyway i’ll post more but this was an absolute master class (i have posted about how openai competitors should handle their ads play, & this is a great start). also i would not count anthropic out of the consumer race yet (they have a lot of room to grow & even potentially acquire small startups).

@reidhoffman @zerohedge Fucking pedo slob

Yes, with Joi Ito, the Director of the MIT Media Lab, who had asked me to help MIT fundraise from Epstein. I regret ever interacting with Epstein. Trump's own FBI looked into me and found "no hits." We should focus on prosecuting those who committed crimes and finally getting justice for the victims.

Wait, you went to Epstein island to... raise money for MIT?

@PeterAttiaMD “was the discretion commanded by those social and professional circles” are you retarded? This is so base. I think it discredits all your research

The following email is what I sent my team last night. I sent a similar version to my patients, also. *** You’ve put your trust, your credibility, and your hard work into what we have built together, and I take that responsibility seriously. You deserve a complete and honest account of what did and did not happen. I apologize that I did not get this out sooner, but I want to be thorough. The purpose of the DOJ releasing these documents is clear: to identify individuals who participated in criminal activity, enabled it, or witnessed it. I am not in any of those categories, and there is no evidence to the contrary. To be clear: 1. I was not involved in any criminal activity. 2. My interactions with Epstein had nothing to do with his sexual abuse or exploitation of anyone. 3. I was never on his plane, never on his island, and never present at any sex parties. That said, I apologize and regret putting myself in a position where emails, some of them embarrassing, tasteless, and indefensible, are now public, and that is on me. I accept that reality and the humiliation that comes with it. *** I want to start by directly addressing the email thread that I’ve been asked about the most. In June 2015, I sent Epstein an email with the subject line “Got a fresh shipment.” The email contained a photograph of bottles of metformin, a medication I had just received from the pharmacy for my own use. The subject line referred to the picture of the bottles of medication. He replied with the words “me too” and attached a photograph of an adult woman. I responded with crude, tasteless banter. Reading that exchange now is very embarrassing, and I will not defend it. I’m ashamed of myself for everything about this. At the time, I understood this exchange as juvenile, not a reference to anything dark or harmful. At that point in my career, I had little exposure to prominent people, and that level of access was novel to me. Everything about him seemed excessive and exclusive, including the fact that he lived in the largest home in all of Manhattan, owned a Boeing 727, and hosted parties with the most powerful and prominent leaders in business and politics. I treated that access as something to be quiet about rather than discussed freely with others. One line in that exchange, about his life being outrageous and me not being able to tell anyone, is being interpreted as awareness of wrongdoing. That is not how I meant it at all. What I was referring to, poorly and flippantly, was the discretion commanded by those social and professional circles–the idea that you don’t talk about who you meet, the dinners you attend and the power and influence of the people in those settings. What I wrote in that email reads terribly, and I own that. *** I met Epstein in 2014 through a prominent female healthcare leader while I was raising funds for scientific research. At that time, he was widely known in academic and philanthropic circles as a funder of science and moved openly among credible institutions and public figures. Between summer 2014 and spring 2019, I met with him on approximately seven or eight occasions at his New York City home, regarding research studies and to meet others he introduced me to. I never visited his island or ranch, and I never flew on any of his planes. When I was at his home, it was either meeting with him directly, meeting with small groups of scientists, doctors, or business leaders, and once at a dinner in 2015 with a number of guests including prominent heads of state. In retrospect, the presence and credibility of such venerable people in different orbits led me to make assumptions about him that clouded my judgment in ways it shouldn’t have. I was not his doctor, though several times I answered general medical questions and recommended other providers to him. Shortly after we met, I asked him directly about his 2008 conviction. He characterized it as prostitution-related charges. In 2018, I came to learn this was grossly minimized (more on this below). I was incredibly naïve to believe him. I mistook his social acceptance in the eyes of the credible people I saw him with for acceptability, and that was a serious error in my judgment. To be clear, I never witnessed illegal behavior and never saw anyone who appeared underage in his presence. *** In November 2018 I read the Miami Herald investigative article. I was repulsed by what I learned. Nauseated. It marked a clear and irreversible line between what I knew before and what I understood afterward. At that point, I told him directly he needed to accept responsibility for what he did. Hoping to provide the victims from the Herald piece with support, I contacted a residential trauma facility to understand what funding comprehensive care for many victims would require. (Those communications were between me and the facility and were therefore not part of the document release.) I spoke with him and shared that information and insisted that he fund their care, beginning with residential treatment and followed by lifelong therapy. In hindsight, even attempting to facilitate accountability was a mistake and once again reflected just how naïve I was at the time. Once the full scope of his actions was clear, disengagement should have been the only appropriate response. My intent does not change that, and I regret not drawing that boundary immediately. *** Nothing in this letter is meant to minimize the harm suffered by the young women Epstein abused. Their trauma is permanent. I am not asking for a pass from you. I am not asking anyone to ignore the emails or pretend they aren’t ugly. They simply are. The man I am today, roughly ten years later, would not write them and would not associate with Epstein at all. Whatever growth I’ve had over the past decade does not erase the emails I wrote then. I recognize that my actions and words have consequences for the people I care deeply about, including all of you. I regret the cost this has placed on you, and I take responsibility for it. I won’t ask anyone to defend me or explain this on my behalf. If you have questions or concerns, I’ll address them directly with you, my team.

@Jason Yuck

My lord, X articles get a LOT of views... this one is at 2.5M views and a lot of thoughtful comments.

I’m sick of celebrities that live in 99% white neighborhoods with private security and a wall around their mansions telling me I have to tolerate illegal immigrants or else I’m a bigot.