LJ.

@linderps Being Asian is like catching a carp in pokemon

male sports ranked by sexiness s tier: - surfing - tennis - snowboarding a tier: - skiing - climbing - volleyball b tier: - basketball - soccer c tier: - golf - pickleball - run club f tier: - fantasy football

The memory tsunami is here and going exponential $MU This is a phenomenal article, good job Cern.

Is Australia better off now than we were 20 years ago? Australia in 2005: • ~20M people • Houses ~4–5× incomes • Stronger purchasing power • Lower debt burden Australia in 2026: • ~27M+ people • Houses ~9–16× incomes • Weaker purchasing power • Record debt and asset inflation Looks very clear to me.

If dwelling prices fell 10% nationally we'd fall back to a level seen in early 2025, a fall of 20% would be early 2023, Dwelling prices rose 48% since 2020. So what is the big deal? Unless someone can show me that this near 50% gain brought Australia unmatched prosperity that offsets the societal and economic damage that making household formation so difficult for FHBs why does it matter so much. It would actually be the one thing that unambiguously improves housing affordability. It might also discourage negative gearing and make more space for FHB in the market.

Stop thinking up new ways to tax us, and start thinking up new ways of running the country better.

Wonder why it was grandfathered?

budget.gov.au/content/bp1/do… CGT discount removed on ALL assets, AND minimum CGT rate of 30%, even if you earned exactly $0 in normal income during that year. Perhaps the most disgusting, anti-productive, uncompetitive change to Australian fiscal policy in modern history

@MrQuick_ @grok explain what’s meant by this and the Laffer Curve

Aussies are about to get an education in the “Laffer Curve”

@johnnyddavidson Justin Olam and Sam Burgess

Maaaaate…

Companies I'd consider going to if I ever had the urge to try something new. 1 Thinking Machines Lab 2 OpenAI 3 Anthropic 4 Cursor 5 Applied Intuition 6 Modal Labs 7 Decagon 8 Voyage AI 9 Cohere 10 Glean 11 LangChain 12 Ramp 13 Together AI 14 Fireworks AI 15 Cognition 16 Harvey 17 Scale AI 18 Warp 19 Hebbia 20 Rogo 21 Augment 22 Parallel Web Systems 23 Baseten 24 Brain Co. 25 Linear 26 Mercor 27 Mistral AI 28 Nuro 29 Adept 30 Vanta 31 Traversal 32 Metronome 33 ElevenLabs 34 Factory 35 Anyscale 36 Vannevar Labs 37 Abridge 38 The Browser Company 39 Reevo 40 Chalk 41 Nominal 42 Cartesia 43 Pinecone 44 Hex Technologies 45 Merge 46 Whatnot 47 Eventual 48 Faire 49 Arena 50 Bedrock Robotics List courtesy of Paraform's Talent Density Rankings. paraform.com/talent-density…

Lots of DMs asking “who is a tier 1 VC” so in no particular order: - a16z - thrive - general catalyst - accel - benchmark - sequoia - founders fund - kleiner - first round - lightspeed - bessemer Who did I miss?

Instead of watching an hour of Netflix, watch this 2 hour hour Stanford lecture will teach you more about how LLMs like ChatGPT and Claude are built than most people working at top AI companies learn in their entire careers.

🚨 Australia’s money is getting absolutely TORCHED. According to this Global Money Supply Growth chart (USD terms, as of 4/30/2026): Australia sits at +20% annual growth — one of the highest in the developed world. That’s right behind Colombia (30%), Mexico (27%), Uruguay (26%), Peru (23%) and Brazil (21%). 20% money supply growth = rapid currency debasement = your savings, wages and buying power are being quietly stolen every single year. 💸🇦🇺 Meanwhile, countries with actual good governments are doing the opposite: Japan: contracting Argentina: -11% 🔥 How? President Milei slashed government spending by ~30% and is delivering real fiscal discipline. Result? Their money supply is actually SHRINKING instead of exploding. Australia, take note. We’re not “doing fine” — we’re in the top tier of money printers while others are fixing the problem. Time to demand the same discipline in Canberra. What do you reckon, Australia?

Full series as PDF: situational-awareness.ai/wp-content/upl… Read online: situational-awareness.ai

Just found out the strivers created a site to rank companies using Elo ratings

Jane Street's moat isn't tech. It's flow. George Coyle asks the right question and the answer is uncomfortable for finance Twitter. Jane Street trades roughly $20 billion a day across ETFs, options, and fixed income. They're the largest market maker in US ETFs by a wide margin. They handle around a third of all retail ETF flow. They see order book activity nobody else sees. That flow trains their pricing models. The pricing models capture the flow. The captured flow trains the next iteration of models. Recursion all the way down. This is the flywheel hedge funds talk about and almost nobody actually has. Citadel Securities is the only real competitor. The two firms together handle north of 50 percent of US equity options volume. D.E. Shaw and Two Sigma can't catch up because they don't run market-making books at this scale. They trade on signals. Jane Street trades on flow. What nobody's saying: barriers to entry in modern market making are now structural, not technological. You can hire the same PhDs. You can buy the same hardware. You cannot manufacture a 15-year head start on order flow data, broker relationships, and exchange-level rebate structures. Jane Street pays out 40 percent of revenue to its 2,500 employees. Bonus pools that hit $100M for individual senior partners. Citadel does the same. That money isn't free. It's the rent collected on a flywheel nobody else can build anymore. The story isn't why nobody's competing. It's why nobody can.

That’s a lot of illegal immigrants

Guys only want one thing and it’s to dethrone Kerry Packer’s legendary blackjack run 250k per hand 8 hands per round 40 minutes later he tipped the dealer a million and walked out with 25M$ He also had a dealer fired so that she could accept the 80k tip he wanted to give her, and once she accepted it, he made the pit boss rehire her Once a Texas oil dude was bragging about being worth 100M$, Kerry got tired of it and told him « I’ll flip you for it » Texas man refused Never try to out gamble Aussies You’ll lose

Reshare-

48,000 foreigners were moved to the front of the queue, to buy our homes with our money. Who moved 48,000 foreigners to the front of the queue? -Anthony Albanese -Tony Burke -Clare O’Neil The Modern Traitors.