Jon Klaus
2.9K posts
Jon Klaus
@KlausJon
Land in N TX. Don’t interrupt compounding. Trade up. Full and accurate info. Follow Jesus.
Dallas, TX Katılım Eylül 2013
1.1K Takip Edilen1.1K Takipçiler
2020-2022 Tundra 1794 in Smoked Mesquite Exterior
I picked up my morning coffee yesterday and a beautiful truck caught my eye - so I struck up a conversation with the owner.
I tried to get him to sell me the truck... he declined
What a beautiful truck I didnt know existed
Turns out they are hard to find
I need a tan interior truck in my life
(pic is stock images from online)
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Marc Andreessen explains the concept of 'Retard Maxxing'
"Are you aware of the concept of the meme of retard maxing?"
"A friend of mine sent me this thing and he said, 'Oh, here's your answer."
"You're retard maxing.' And I said, 'I'm what?'"
"And he said, 'Oh, watch these videos.'"
"There's this guy on YouTube who has basically 100 videos on retard maxing."
"He's like my new life coach. It's basically just like: go to work, do a good job, come home. It's fine."
"Start a company, succeeds and fails, it's fine."
"Have too much to eat one night, it's fine."
"Ask a girl if she wants to go out with you, if she says no, it's fine."
"It's the simpler form of the extreme ownership."
"It's the form of it that says I don't need to take all this in on myself, I can just let it go."
@pmarca @HarryStebbings @ElishaDLong @SolJakey
Marc Andreessen 🇺🇸@pmarca
Current status: Retardmaxxing.
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@theepicmap I can say something nice, but I can’t say anything that’s not controversial. Nevertheless, the apple of God‘s eye.
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@TexasDemography We knew international immigration slowed substantially last year. We didn’t know how much. Texas still outgrew everywhere else in raw numbers. The counties surrounding the Texas triangle metros are still on fire.
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Latest data from Census Bureau show that Texas is still growing, but slower than in previous years. A majority of counties (58%) experienced population growth within the TX triangle, while 108 counties (42%) concentrated in west and south TX lost population in the past year.
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I’m really curious as to what Charlie Munger might respond with, so I asked Grok…
Kyle, you’re highlighting exactly why broad Chinese indexes have been terrible—state capture, graft, and no real rule of law destroy shareholder value. Obvious. But invert it. That 505% GDP surge is real economic progress from a hardworking population and shrewd leadership. America’s rule of law is superior, yet their best companies are stronger, faster-growing, and far cheaper. I bought a few precisely because you get more strength per dollar invested.
Prudent investors don’t buy indexes; they buy high-quality moats with a proper margin of safety. Fear the risk, discount it heavily—but don’t ignore the opportunity. That’s elementary worldly wisdom.”
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Over the last 17 years:
China: +505% GDP → largest index down 35%
U.S.: +75% GDP → S&P500 up 440%
Same time period.
I asked Kyle Bass (@Jkylebass) to explain why in this clip.
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I constantly invested in real estate deals as an LP for a several years up until 2022.
60% of my net worth allocated to multifamily.
I realized how stupid that was because not only do I lose net worth, but also income when multifamily takes a hit.
I’ve been actively working to downsize my allocation the last 4 years to 60% equities, 30% gold, and 10% BTC (not including cash).
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Terafab
First, the Advanced Technology Fab— where new manufacturing technologies are proven out. Think of it as the prototype line.
Then Terafab itself: By a wide margin, it will be the largest factory in the world.
Let's guess at sizing:
Quick math tying it to the 1 TW target + 250W AI5 chips
1 TW = 1,000,000,000,000 watts of AI compute capacity.
Each AI5 chip draws ~250W Chips needed annually for 1 TW scale: 10¹² W ÷ 250 W/chip = 4 billion chips/year.
To produce 4 billion AI5 chips per year (the volume needed for 1 TW of compute at 250 W/chip), a Terafab-scale facility modeled on current TSMC fabs would require 3,000–5,000+ acres or land and 280–350+ million square feet of total building/floor space.
Obviously innovations must be applied.
I'd hazard a guess at a 100 million sq ft size factory.
Elon Musk@elonmusk
No, that’s just the little advanced technology fab, where we will be iterating on chip designs. We couldn’t possibly fit the Terafab on the GigaTexas campus. It will be far bigger than everything else combined there. Several locations for Terafab are under consideration. It needs thousands of acres and over 10GW of power at full scale.
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Make your own sign:
Wild hog hunting in Georgia is permitted year-round with no bag limits on private land, as they are non-native, invasive species. A valid hunting license is required (unless hunting on one’s own property). While night hunting, baiting, and using thermal drones are allowed on private land.
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We bought a 24 acre property in rural Georgia
We split it up, and man did that piss off the neighbors.
They put up a hog farm sign.
What should we do next?
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@theepicmap No love for Texas and California, which combined make up roughly a quarter of the US economy?
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It’s wild how the world basically runs on nothing but this.
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@charles85p @Drew_Scarlet98 Confirm it’s him. Comfirm the report is true. Closure.
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@Drew_Scarlet98 Stupid why would you want too see your loved one like that?
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He received the military knock.
FlickFreak_@Drew_Scarlet98
The knock every military family fears.
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Guess the Industry: $40M Revenue, $30M EBITDA
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@ThinkAppraiser I would sell it all because being a landlord is the worst job in the world. #passiveincome
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You inherit $10M in paid off real estate
You have $40,000/month coming in
Would you still work your job?
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@ThinkAppraiser My new job would be managing/upgrading the portfolio to earn 60k per month. Then 80k per month. $$ need to fulfill their potential.
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Just rented a $3 million house in the Smokey Mountains for $400 a night.
6,000 sf. 7 bedrooms 8 baths.
The market must be getting absolutely crushed.
Is visitor traffic down that much? Too many Airbnbs?
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