Carlos

@KrisPatel99 @amitisinvesting @GrahamStephan Running the numbers on how property taxes erode appreciation was eye opening. With maintenance and upgrades it'll essentially be a wash the day I sell...if I'm lucky.

I think knows that home price appreciation long term won’t be worth the hassle. With an aging population + net negative migration + shrinking family size + marriage age being pushed later and later + a younger generation that’s the most levered up + highest level of home price to income ratio… My theory is that 90-95% of homes anyone buys today will be worth the same price or possibly less 10 years from today in most areas. When you factor in property tax, maintenance, insurance and replacement cost … The investment just isn’t worth the hassle.

I’ve spent a decade telling people to do what I do: "Buy and Hold." Now I've decided to list my entire real estate portfolio for sale and walk away. It started slow. The bills, the maintenance, the tax increases... but the final straw was when I tried to develop an ADU to do exactly what the city of LA claims it wants investors like me to do: Create more housing. You'd think they'd make it easier, but after two delayed inspections, a sewer pipe replacement that needed 75 days advance notice, and a city-owned tree that became my responsibility, I'd had enough. The identity of being a real-estate guy is very hard to walk away from, trust me. For a long time, I stayed just because real estate was my "thing." It’s how I started. It’s what I’m known for. It led to every good thing in my life. But that blinded me to the fact that just because something served me in the past, it doesn't mean things haven't changed in the present. The reality of 2026 finally stripped the emotion away. My LA rentals are netting about 4-5% after the constant background noise of taxes, insurance spikes, and repairs. Meanwhile, a risk-free Treasury pays 5%. The trade-off just doesn't make sense any more. I’m reallocating to a liquid portfolio that actually lets me focus on the work I love. I published a deep dive on my Substack about the ADU nightmare that broke my patience, the exact numbers behind the exit, and where I’m moving the money next to buy back my sanity. I'll drop the link here in a bit.

All while running the country into debt to the tune of a trillion a quarter. What an effin joke!!

@TJTheWheelDeal Happy birthday Jeremiah! Enjoy those premiums

Help me wish my son Jeremiah a happy birthday!

@elonmusk Message received

Only a few hundred Tesla Model S & X cars left in inventory. Order now if you want one.

@stevenfiorillo @grok @amitisinvesting @basispointpod It's freakishly, consistently good.

I don’t give @grok enough credit. @amitisinvesting and I interviewed someone who was spectacular for @basispointpod today. I uploaded the research I did into Grok. The entire way driving to the studio I discussed it with Grok on assistant mode. This allowed me to finish my prep and refresh everything in my mind while sitting in traffic. Thank you @elonmusk as Grok is hands down the best one to interact with utilizing voice in my opinion.

@PooPooStation Ha I'm just spitballing myself. There's just too many similarities between microscopic, earthly, and universal scales to be a coincidence and the few pounds of meat in my head is determined to figure it out : )

Just to add one thing, I am completely talking out of my ass on this. I realize that strides have been made in experimentally confirming, that antimatter doesn't have negative mass, charge and parity symmetry is violated (although not CPT as of yet🙂), and that my assumptions have zero-to-no mathematical substance. Just having some fun contemplations arising from your thought provoking post 🙂✌️

Although it WREAKS HAVOC in our spacial dimension, it occurred to me today that a black hole is fundamentally a temporal anomaly. Outside the event horizon, SPACE IS KING — so vast it distributes the influence of time so the flow appears more or less constant. Inside the event horizon however, TIME IS KING – immense gravity bends time itself towards it's own end, and since any measurable distance can be defined in travel time, space is forced to collapse accordingly to preserve their mathematical relationship. At the singularity, time ends. Without time, space cannot exist because distance cannot exist. Everything converges to a single eternal moment of no time and zero space. Would love thoughts from those familiar with this subject matter.

@PooPooStation It's almost like gravity and time are omnipresent, and the strangeness we see in space around very heavy objects is merely the collateral effects of extreme gravity on time.

The question is, is gravity possibly 'just' an emergent property since we haven't, until now, discovered a corresponding force carrying particle? Emergent from the interplay of mass-energy transfer, or maybe, in the ever-encompassing sense of dualism, gravity emerging from the link between matter-antimatter, whereas matter having mass in our universe is electrically attracted to antimatter having negative mass in a mirror universe (maybe that would solve the question of where all the antimatter is in our universe). A black hole would then be a spot, where matter and antimatter come closest together without annihilating... Maybe gravity is just electro magnetism, just on a significantly larger scale...a scale of two universes interacting...maybe this would be the reason it's the weakest force, however still influential at the largest distances. IDK🤷

@RealMattMoney Likewise! I'm sure we'll run into each other at one of the next ones

@Sphere_Cubed My man! Sad I was not able to catch up with you in the LA meetup.

As tech companies invest in data centers scale and Moore’s Law evolves, we need to stop viewing tech capex as a single bucket and start splitting it into maintenance and growth. Tech is essentially becoming a heavy industry, much like oil and gas, where massive physical assets and infrastructure require constant capital reinvestment just to keep the lights on. As these hardware-heavy moats become normalized, understanding how these assets depreciate and focusing on Return on Invested Capital (ROIC) and Capital employed (ROCE) will be the only way to decipher a company’s true return. In 5 years time this will be the norm. If we don't account for the "maintenance capex" required just to stay competitive, we aren't seeing the full financial picture. $msft $googl $amzn $nvda $tsla $aapl $orcl

@PooPooStation Interesting. Wormholes would be the closest thing to what you're describing. It's all about gravity (duh) Once we understand precisely how and why it works We can better understand why getting a lot of matter in one place does has such insane effects on time

- takes a puff - Would consider space-time not ceasing to exist, but just folding onto itself such as a knot on a string. Therefore, space-time continues, but in a dimensionless form we cannot materially comprehend or experience. And since our ability to be and to experience reality is bound by causality within the frame of probabilities collapsing into certainty, this notional dimensionless knot becomes a hindrance for causal continuation...a swarm of endless self-inducing probabilities. Would also consider the knot unfolds again into the other end of the string. - takes another puff and passes -

@Born2farm1 The fact some meat hanging on some bones can even remotely understand these things is nuts

@Sphere_Cubed Space was before time. In Genesis. And if the earth spinning is 24 hours and the earth around the sun is a year. What is time at the edge of space? Maybe there is none? IDK. Im just a dumb farm kid but its fun to think about. Very immense.

@TeslaLarry The irony is if you know Amit he's the first to be genuinely open to dialogue for the sake of gaining wisdom from someone like yourself.

Idiot comment of the year. Revenue does not equal valuation. We'll hear a lot more from other idiots on this subject in the next 6 months. Fine. If you believe them, don't invest. Your choice.

@KrisPatel99 @HustleBitch_ This was my bed for several years as a kid. Loved it

@HustleBitch_ Never gonna complain about this ever again...

🚨 NAVY SLEEP CONDITIONS JUST WENT VIRAL — SAILOR SAYS “I CAN’T EVEN BREATHE IN IT” A Navy sailor records the moment it hits her. This is where she’s supposed to sleep. • Barely enough room to turn • Inches from the wall • Fully enclosed, stacked compartments • No real airflow, no space Then she says: “I can’t even breathe in it… I feel claustrophobic.” Some are defending it: “It’s the military, that’s how it is” Others aren’t buying it: “This looks inhumane” “No way people actually live like this” Thousands of sailors… sleeping like this every night. Does this build toughness or break people down?

@elonmusk throw the last X into orbit SpaceX

Custom orders of the Tesla Model S & X have come to an end. All that’s left are some in inventory. We will have an official ceremony to mark the ending of an era. I love those cars. This was me at production launch 14 years ago:

@TJTheWheelDeal Mine is wondering what if I never let my foot off the gas when I had already built a healthy portfolio in the early 2000s mama mia

Finding the long and winding road to financial success later in life creates mixed feelings. On the one hand, it's nice to see the fruits of your labor. On the other hand, it would have been pretty awesome for my kiddos to have been able to enjoy some of the success when they were younger, or in my daughter's case, alive. I think of all of the money squandered on car payments, expensive apartments and homes. If I would have pumped all of that $ into the market and learned to sell options earlier, holy moly. This is probably my biggest "What If". What's yours?

@dhurstell @Starbuccaneers @AceCrouton @amitisinvesting @michellebakes_ @Davis_C15 @AustinsStocks @stevenfiorillo I hoped to make it back later or Sunday but couldn't swing it. We'll roll it back some time

@Sphere_Cubed @Starbuccaneers @AceCrouton @amitisinvesting @michellebakes_ @Davis_C15 @AustinsStocks @stevenfiorillo I felt bad for taking off, I didn't realize you were heading out so soon

Great weekend with my, now poor, friends.

@Starbuccaneers @AceCrouton @amitisinvesting @dhurstell @michellebakes_ @Davis_C15 @AustinsStocks @stevenfiorillo I was only there for a bit before the actual event

@Sphere_Cubed @AceCrouton @amitisinvesting @dhurstell @michellebakes_ @Davis_C15 @AustinsStocks @stevenfiorillo didn't even know you were there or would have said hi.