Matthew Ryan

@KenjiCapital Who’s the dev?

HUGE student housing project proposed near UC Berkeley. The plans: 🏗️ 26-story dorm tower 🏢 14-story companion building 🏫 Housing for ~1,500 students Located at Channing Way & Bowditch in Berkeley. One of the largest student housing projects the university has ever proposed.

@realEstateTrent @jasonjosephlee @jasonjosephlee dude…😂

@jasonjosephlee ❤️

My friend made $4M million selling a company in Los Angeles and moved to a small town in Georgia. Him and his wife spend a lot of money, and feel very wealthy. I also have a friend who had a $60M exit recently. He lives in the wealthiest area in San Francisco, and feels like he's still behind his peers... Your environment and who you surround yourself with is everything.

It’s embarrassing that the FBI had to step in because we failed to do our job. Bad actors are exploiting the system, and instead of fixing it, my opponents want to put more money into it. That’s not a solution, it’s an invitation for more abuse. I won’t ask you to pay more, I’ll make government work better. cbsnews.com/amp/news/hospi…

Love the focus people in your position are giving housing. Initial take is it’s vital that you distinguish between housing built for sale vs those built for rent. Second and perhaps most important, is the geography of where those types of housing are being built. Look forward to reading the study

It's just common sense. We shouldn't ask Californians to pay more until Sacramento does better. California already costs too much. Before we make it even more expensive with higher taxes, let's demand better. capitolweekly.net/before-sacrame…

Matt Mahan has a plan for California to spend better, not more Enforce accountability by linking future raises for politicians to results for working Californians mahanforcalifornia.com/spending/

@credealjunkie Where's the Tenderloin? Sounds like a great place to buy a bunch of assets ,sit back and collect the delta in rent growth 🤣

I remember years ago when Trulia (remember Trulia??) came out with real estate heat maps and it blew my mind. Now Claude can produce a rental market heat map in 30 seconds with a simple prompt. But, ChatGPT, Gemini and Grok all failed to do the same. Here’s San Francisco:

California has increased spending by 75% in six years. Are your bills 75% cheaper? Are our schools 75% better? No. Because the problem isn’t how much we spend — it’s how we spend it. And I’ll only spend taxpayer dollars on policies that actually make people’s lives better. Plan out tomorrow. Thanks for the conversation @friedberg!

In San Jose, our gift limit is $50. In Sacramento last year, lawmakers raked in $1.2 million in gifts and travel. Spa days, luxury golf clubs, box seats — perks that may improve their lives, but not yours. We need to rein in special interests and remember that the only group without a lobbyist in Sacramento is the people. calmatters.org/politics/2026/…

We spend 55% more per student than Mississippi — and get worse outcomes. 85% of Mississippi’s third graders read at grade level. In California, it’s just 49%. Clearly, the question shouldn’t be how we spend more — the question should be how we spend better so that our kids can succeed.

In 2016, California ran a $1bn surplus. In 2026, it'll be a $26bn deficit. All while California GDP grew by 50%.

@VigilantFox "you cannot manage/influence what you don't measure” - Peter drucker. It’s a start.

Jon Stewart cringes in real time as a California Democrat responds to concerns about wasteful government spending. STEWART: “[Democrats] have trouble connecting the money that they’re asking to raise through taxes to the value it’s providing to taxpayers.” “I think too often the politicians haven’t connected that money to real value.” “I don’t think people trust that that money will be spent responsibly or have any efficacy.” MAYOR MATT MAHAN: “We created some dashboards.” STEWART: “Oh, Dear God.”

@rickyho_1989 @swinesavvy Then why are yield jumping so much?

@swinesavvy I believe primary beneficiary will be US Treasuries given its deep liquidity

Me: What’s your take on Japan in this environment with oil prices rising so quickly? Millennium PM: I actually think a reverse yen carry trade could be on the cards. Me: That’s a big call. What’s the mechanism? Millennium PM: It starts with oil. Japan imports almost all of its energy. When oil prices rise sharply, Japan’s trade deficit widens immediately because the import bill jumps. Me: Which weakens the yen. Millennium PM: Exactly. A larger trade deficit puts downward pressure on the JPY, and once the yen weakens the situation actually worsens because oil is priced in USD. So a weaker yen means Japan effectively pays more for the same barrel of oil in yen terms. Me: So the currency depreciation amplifies imported inflation. Millennium PM: Right. First you get energy inflation, then it spreads through transportation, electricity, and eventually broader consumer prices. At some point the risk becomes a wage–price spiral, which is something Japan has tried to avoid for decades. Me: But the Bank of Japan can’t control oil prices. Millennium PM: True, but they can control the currency channel. If imported inflation keeps worsening because the yen weakens further, the BoJ may be forced to hike rates — not to fight oil directly, but to defend the yen and keep inflation expectations anchored. Me: And that’s where the carry trade problem begins. Millennium PM: Exactly. The entire yen carry trade depends on ultra-low Japanese funding costs. If the BoJ raises rates, even modestly, it undermines the economics of borrowing yen to fund higher-yielding assets abroad. Me: Which means positions start getting unwound. Millennium PM: Yes. Once the carry starts reversing, capital flows back into yen funding markets and leveraged investors are forced to reduce exposure. Those unwinds rarely stay contained — they tend to create volatility across global equities, commodities, and emerging markets. Me: So rising oil could indirectly trigger a global carry unwind. Millennium PM: Exactly. Oil → wider trade deficit → weaker yen → imported inflation → BoJ forced to hike → carry trade reversal. That’s the chain reaction I’m watching.

@McDonaghMatthew @joinautopilot

@Matt_Ryan415 @joinautopilot Comes through loud and clear thank you for sharing

Breaking: OpenAI fired Leopold Aschenbrenner at 22. Three years later, he manages $5.5 billion. And is quickly becoming one of the best AI investors out there Today, we're launching a tracker to trade alongside his picks, automatically. Here's his full portfolio: 1. Power & Energy: $BE — Bloom Energy (29%) → fuel cells powering data centers $EQT — EQT Corp (4%) → largest US natural gas producer $CRWV — CoreWeave (4%) → GPU cloud infrastructure for AI $SEI — Solaris Energy (3%) → energy infrastructure 2. Bitcoin Miners: $CORZ — Core Scientific (14%) → Bitcoin miner turned AI data center host $IREN — Iris Energy (11%) → Bitcoin mining + AI cloud $APLD — Applied Digital (9%) → AI data center infrastructure $CIFR — Cipher Mining (5%) → Bitcoin mining / HPC $RIOT — Riot Platforms (3%) → largest US Bitcoin miner 3. Semiconductors & AI Hardware: $SNDK — Sandisk (8%) → memory/storage for AI workloads $COHR — Coherent (3%) → laser/photonics for data centers $TSEM — Tower Semiconductor (3%) → analog chip foundry $INTC — Intel (2%) → US chip manufacturing bet $LITE — Lumentum (2%) → optical networking for AI infra You can now mirror the portfolio automatically on Autopilot. Just connect your broker, choose his tracker, and you're good to go Link below

@McDonaghMatthew @joinautopilot in there is a visual on his 13Fs going back to Q4 - 2024

@Matt_Ryan415 @joinautopilot "Leopold hasn't held a single position one quarter over another on his 13F." I thought he was investing in Bitcoin miners because he thought there were already set-up to "Feed" the AI beast... Is there a place to track the hold time of these positions Matt?

@DallasAptGP Prefer organic beef tallow; less carcinogenic so the personal injury attorneys don’t have a real defense

Way back, we bought 100 units in a rougher neighborhood. Kids kept bending the wrought iron fence bars to break into vacant units. We put Crisco on every bar. No break-ins after that. Kids didn’t want to mess up their clothes climbing a greasy fence. Cheaper than off duty police

@joinautopilot *cautious

@joinautopilot "Mirroring" is a fool's errand. Leopold hasn't held a single position one quarter over another on his 13F. He clearly has information alpha that few in the industry don't. I'd be extremely curious to try following that.

@sfstandard @low___impact

A new study suggests that even if the city were to build market-rate housing at a much higher pace, it could take a century to address affordability. Local YIMBYs are (unsurprisingly) not convinced. 📝: @low___impact sfstandard.com/2026/03/03/sf-…