Nosey Parker

Why wait for the Anthropic IPO? Buy legit pre-IPO shares on NYSE today. $SKM owns 0.5%. $5 billion. SKM at $15 billion market cap. Every SKM share is 1/3 Anthropic. You can buy it on the NYSE today. Rest of SKM business: - Boring cash gushing telco - Red hot AI data centres - Multi-bagger AI investments: - $PENG - $IONQ - Persona - Perplexity - Lambda - Rebellions - Loads more (see my report for all) SOTP on SKM exAnth gets to $18B - waterfall down below 0.51% of Anthropic on top is free gravy. You say $1T, I say $2T, win either way. No brainer. Proper DD and Model at my SS

@imbalanced_flow @dschwarz26 Remember easily most amoral tech that same engineers have been manipulating hatred for a few RSUs. I'd love to hear a 10Y eng wailing about privacy. I worked there you'd assume whole place tracking u!

@dschwarz26 The adult daycare allegations also play a role. He pays these people millions in total comp and they fail to deliver over and over. At some point he gets tired of it and says for $400 base and $600 stock you’ll do what the fuck I tell you to do and annotate the dataset.

There's lots of chatter on "Why is Meta running a dystopian tracking experiment on thousands of its best engineers to generate AI training data, causing them all to leave?" I think to answer this, you need a longer view of what has made Facebook successful (and not). Apple, Microsoft, and Google all built their businesses on powerful technologies. Even after their initial famous breakthroughs (apple 2, BASIC compiler, pagerank), at least once a decade they achieved something else that greatly helped their core business (ipod, windows, gmail). Facebook's story isn't like this. Their initial success wasn't technical, and their great achievements since then have largely been acquisitions. Their ads business was borrowed from Google, they almost missed mobile entirely, etc. Think from Zuckerberg's perspective. Since the IPO in 2012 he's been flush with cash, but hasn't had a core, defensible edge in any technology. He has always tried to carve one out, e.g. the Facebook phone (to avoid being dependent on Google and Apple), or buying up all rival social networks. He tried crypto (remember Libra?), robotics, and of course Oculus and VR/AR. So what's he supposed to do about AI? His first try at LLMs didn't work, orienting FAIR and other research divisions to build open Llama models. They lacked the talent and mission, and there was too much infighting. What would you do in Zuck's situation? The one thing you do have is a business generating ~$25B profit/year, and an army of tens of thousands of software engineers. You'd use them! So his second try after Llama was turning money into AI. He bid for all the LLM talent at 10x normal wages for "Superintelligence", and bought Scale AI at some absurd price. That didn't seem to work. His third try is using his other resource, his armies of good software engineers to generate a unique and defensible dataset. Yes, it's dystopian (though the "gulag" thing... these people need to read their Solzhenitsyn). Yes, he probably will lose his best engineers. But you have to grudgingly respect his conviction and his willingness to use the resources he has. What else would you expect?

@DirkBruere @ClarkeMicah Late Queen and before never even went school and could only marry Royals. PoW flies Ryanair!

@ClarkeMicah The monarchy is becoming increasingly disconnected from most people. The last monarch was Queen Elizabeth 2

The Monarchy should not be identified with the narrow class which sends its children to Eton.Try a Northern Irish grammar, a French Lycee -or home-schooling .

@NicholasOShaug1 Been saying that for 300 yrs! Plutos just bought Earldoms before. Clive of India's threw his nabob blunt around his boy would have duped you - Earl Powis at Eton Gladstone's Pa got into the Semis of his day... NW Passage. one of War Poets had v low churn on Black Smoke 4 thx.

Class does not go to Eton anymore, its plutocracy. The sharp suits supplanted the battered tweeds. These are people who brought their own furniture.

@StuckInStJoe @jimiuorio USA u show ID as matter ofc. Shocked me when 1st there. wtf? around town I'd never shown ID in my life. USA here - no ID for SM. democracy means you vote and govt rules Why u attack other places for not being USA?

@jimiuorio We need to realize most of Europe no longer holds our freedom ideals. At least their leaders and the asshats in Brussels

We are in a fight. It’s best to realize that early. We didn’t.

@jimiuorio in USA every1 always demanding ID. 1st time i thought i misheard - u suss i am the real person going to some BS meeting?... Scanned - their's forever. 0 utility. Why don't that bother you? MYOFB.

@whoisnnamdi If 22yo knew 0.01% chance of $$$, and 30yo had 100x, data that change ur life. job>found - joy. reverse = reverse. 30yo always look back at 22yo idea as clueless. Lot better if you didn't actually do!

@whoisnnamdi world really needs to know is range of outcomes for founders. Ppl who build in public inc sleep data suddenly shutter on exit - fess up! means young 'uns abs no clue on stats. As u probs know - lot of 3x founders out there alluding to success that is mirage.2/

What if Carta adoption changes jack everything? Never used but that seems like an AI job for a long time, indeed if abandoning Carta - defo wouldn't tell - salesman all over u! also 50% to S.A - seems wild - what known about Carta intake / penetration / changes? Also u need 1 chap to make a unicorn these days - but i imagine you can keep grinding for longer on less money if you've shanked CS etc. Outsider so forgive if stupid...

They love a regime switcheroo - puppet masters in the shadows like a plan better than 1) kill all knowing new guy more hardline. Before his Mum, Dad, Sister, Wife all killed. Pearl Harbour sneak-attack style. 2) just bomb everything. cities, schools, water filters etc. 3) assume Iran would finally realise USA good guys after good carpet bombing. Oh dig out the old dictrator - they'll run towards! CIA would have said 0% chance of success. In fact 99% chance of USA worse than before war. Oh and Bibi and the Mossad lie to us without shame so don't listen to that dick.

@ChiefNosey @WestsideLAGuy @sethjlevy You actually trust the CIA? Seriously? It is pretty obvious they will say this because they like regime change.

You don’t know how to handle the Middle East better than Trump. You don’t have a deeper understanding than he does. Your solutions aren’t better than his. Let. Him. Cook.

@alantowle @Boyle_OReilly i wouldn't say historically. Old school hooligans used to arrange their punch ups - thick as thieves in foreign thuggery. Nothing like that now ofc thank god. chuck a bit of pub furniture - but lads... can you not???

@ChiefNosey @Boyle_OReilly By and large Scotland fans away park the club allegiances at home before they go, whereas there always seems to be club tribal tension simmering away under the surface for England

The Scots in Boston challenge everything I've been taught about alcohol. 30k young, apparently virile males consume thousands of gallons of alcohol yet there are no arrests and no violent deaths. When we were 20 years old after 6 beers we'd try to conquer Cleveland Circle.

@WestsideLAGuy @sethjlevy if @WestsideLAGuy begins with "who Sunnys again?" he ahead. Bet Trump had no idea 2 sects until in WH. Man don't even need to know the diff. just not ignore unanimous nope from 100 CIA iran analysts. Anyone says this was a W for Team USA = wheel to loony bin

@sethjlevy Nah, I have a deeper understanding of geopolitics, international relations, economics, policy, than low IQ Trump. Congrats on being a Trump nuthugger. I’m sure Trump is proud of you. Maybe he will let you lick his balls one day 👍

@willsolfiac re: journalism. Only FT of papers seem to try. T and G used to make arguments for their positions, now they both slap incendiaries the journos must know to be tosh. We all aren't that different soon as media isn't screaming we are.

Re the benefits, according to these stats ar least, it's the opposite x.com/i/status/20642…

Unbelievably shoddy journalism from the Telegraph. This statistic includes the state pension and is therefore meaningless, it's purely because the White British population is older. The source the Telegraph uses shows that the White British population has among the lowest usage of tax credits, income related benefits and housing benefit. Though this too will be affected by age profile - without age standardised rates the comparisons are meaningless.

We gotta stop this focus on skin colours. There are people damn unlucky with their hand in life, and ppl who did better, and if you got 2 and 7 as a child, you need help. Immigration and recency of arrival totally legit. But race... put it down. Just so divisive, life so more complex. And it feeds this native rage - dinner ticket white boys finish last and they are on the wrong side of every target quota. Britain is not the 1970s and is right at top of least racist country in the world by any serious study that adjusts for other ciritical factors. Race ranks like 10th biggeszt assist or barrier in life. Disabillity, abuse and then the massive one - socio-economic. sorry can't be bothered to look up where I saw my uncited stats. One day i'll stuff them together - but then sadly not only do ppl paint you as a racist, actual racists mis-quote what you said... Bah Humbug!

@MaximDimSim @MarkoMatvikov I really hope few years down you go through it and find and tell me how you felt when happened to you - one way or another!

@MaximDimSim @MarkoMatvikov we will not agree! As someone lucky enough to pay a monter CGT (& ofc don't know innards of Oz bill), there is no more painless day to the give the g-man a few mill when u r distracted by the 80% you are keeping appearing in your current account.

Miranda Stewart’s career is limited to working for the University of Melbourne and the Australian Taxation Office. She’s never run a startup, raised venture capital or had to risk her own money to pay a workforce. Miranda claims “founders won’t leave” despite evidence to the contrary: • California just recorded $1.5t of capital loss as wealthy founders anticipated the introduction of a wealth tax – forcing the government to cancel its plans for it • Norway lost $84b in private assets after the introduction of a wealth tax – the government expected it to raise over $200m per year, instead losing over $900m per year • The United Kingdom hiked its capital gains tax on shares by 4% - resulting in capital gains tax revenue plummeting from $33b in 2023 to $26b by 2025 When countries treat founders, investors and builders as tax cattle, many do leave – you’re talking about the most ambitious and action-oriented people in society. Not all, not always, and not just because of tax. But when social cohesion is fraying, the system feels unfair and government isn’t holding up its end of the bargain, punitive taxes are just another reason to consider your options. So as our country continues to get poorer because people like Albo and Chalmers sit in echo chambers filled with people like Miranda – remember who to blame. If you’re still here.

@politeracy Well culturally as you saw, British don’t buy in bulk like Americans. Small flats in London. Buying more than 20 Ps - prob his job to see if u might be suicidal. The joys of travel to find the difference,

No. I asked for aspirin because I was on an antibiotic at the time that was contraindicated for taking with Tylenol. They changed the law in the UK in 1998 because they were trying to prevent fatal self-poisonings with OTC painkillers. You could purchase them off the shelf, but only in small quantities I think packets of 16 or 20 tablets at the time. We have always been so accustomed to just picking up a bottle of aspirin here in the US. I had to confer with the pharmacist to buy a larger bottle.

One unexpected, but pleasant, side effect of the World Cup is hearing every day things that we take for granted here in America. People from other countries are amazed that you can walk into Home Depot and buy a door. They are amazed that you can buy things over-the-counter like ibuprofen and melatonin. Watching visitors experience America through fresh eyes is a good reminder that a lot of what feels ordinary to us is anything but.

@BillAckman @SpaceX "One of the things that makes @SpaceX so valuable is how valuable it is." GOAT Investor, community college grammarian!

One of the things that makes @SpaceX so valuable is how valuable it is. The Cursor acquisition costs materially less in dilution because of SpaceX’s high valuation. SpaceX’s ability to do economically, strategically, and technologically accretive acquisitions is an important component of its value. There is enormous value inherent to a company with a high value particularly when it is controlled by an entrepreneur that the most talented people want to work for and partner with. Value begets value. Talent begets talent.

@CharlesD353 I get absolutely furious when I see time series charts not starting in at least 0 AD. Dirty trick yet only I, and possible Mr. Marcus, see the hidden agenda.

So vacuous - complaining about a chart not starting at zero for ECI, which is basically like complaining that a chart of chess grandmasters doesn't start at 0 ELO

@MidwestHedgie When did US become so openly racist. Nothing like this when I was there 10 years ago. Or is it more keyboard warriors than day-to-day. It is disgusting seeing it there, now sweeping over to England.

it's considered very rude in this country to point out that we have a Christian Taliban problem, and frankly we don't need an Original Taliban problem either. it's hard to have a secular society when 30% of the nation spends their lives vigorously trying to destroy it

it's endlessly annoying to me that the many actual kind, moderate Muslims i know in Toledo endure copious racism and microaggressions, and thrive in spite of it, yet the Muslim the media chooses to make us feel sorry for is genuinely a shit person and a religious fundamentalist

yes but would not an academic be a voice to consider? prob knows every result of every CGT change in last 20 years. Founders wouldn't know shit about that. Their opinion not irrelevant - but hardly impartial voices. Professor of Tax Law. Well you all set anyway. That level of pre-seed funding means you've founded a high 8 or 9 figure exit already. Well done!

So your answer is credentialism and me writing ineloquently and informally. ok fine, at least this is an argument. It's an easy one to dismiss, but its something. Firstly the fact that this person presumably has some credentials in no way proves her intelligence or credibility on this subject. In fact having just googled her this clown is a 'professor of law' - so what exactly does this person know about building businesses? She has absolutely ZERO business experience. The smartest people will always tell you how little credentials have any correlation to intelligence or capability. Secondly I haven't invested (nor intend to invest) anything in this business, my valuation is determined by pre-seed funding and the fact that this is far from my first rodeo. At the end of the day you and I live in two different worlds based on your response: Your world is one where people who testify before the Senate are assumed to have credibility because of their qualifications or political connections. In mine, credibility in business comes from successful founders, many of whom are preparing to move as much capital and intellectual property overseas as possible.