Very Little Capital Mgmt

At 81 he manages $72 billion, and says markets right now are "just about as risky as I've ever seen" and AI is "way over its skis" He has never celebrated a winning trade in 47 years, this is the most feared investor on Wall Street the full story is in this 40-minute interview - every satisfword of it is worth your time ↓

Trump is Wrong but Will Win the Appeal! There isn’t a balance of payments deficit, Trump can’t impose the 122 tariffs… but… CIT’s ruling proffers a diff reason than what Plaintiffs argued for granting summary judgment w/o giving defendants an opportunity to respond, violating FRCP 56(f)… This paves the way for the Federal Circuit to overturn summary judgment on the ensuing appeal!

Here's a link where you can download it from CBP's website: cbp.gov/document/forms…

FORM 5106! If you are an importer who paid #IEEPA tariffs, you NEED to be familiar with Form 5106! Its also known as the "Importer Identity Form", its used to 1. Establishes / updates importer's ID w/ CBP 2. Assigns a unique importer #, and 3. Is a prerequisite for becoming an IOR

🔊We are officially 30 days out from @PlanetMicroCap Las Vegas. Day 1: Speakers, Panels, and Stock Pitches Day 2: Company Presentations Day 3: 1x1 Management Meetings 500+ investors registered 135 companies confirmed 1600+ 1x1 meetings and counting meetmax.com/sched/event_13…

🇹🇭 A café in Thailand started serving iced coffee in glasses kept at -86°C. Cream and sugar, yes. Frostbite, I’ll pass 😂

🇺🇸🇮🇱 AIPAC just dumped another $3 million into Thomas Massie's primary… Sec. Hegseth was sent to campaign for his opponent. The full might of the Israeli lobbying machine is working to unseat him. Massie's response: "They're panicked and haven't been able to gain a lead in this race." Think about what's actually happening here: a sitting congressman is being bombarded relentlessly with foreign lobby money and White House pressure. If Massie survives this, it sends a message every member of Congress will hear loud and clear. @RepThomasMassie

After 4 of these you'll think you can break into @IBM too...

🇺🇸 Both parties tried to ram through a 45-day extension of warrantless surveillance with unanimous consent, no debate, no recorded vote. Those who support the U.S. surveillance state got exposed by Rep. Thomas Massie. Rep. Massie said “I do not consent,” forcing a real vote so every member had to go on record supporting it. They wanted to quietly keep giving the government power to spy on Americans without warrants. Massie made them own it. Source: @RepThomasMassie

@MarioNawfal I think this is a very reasonable view

As one of the most vocal critics of Hezbollah, I have now changed my stance HEZBOLLAH SHOULD ONLY DISARM WHEN ISRAEL EITHER PULLS OUT OR GUARANTEES TO PULL OUT OF SOUTH LEBANON I changed my position after seeing Netanyahu blow up homes, schools and hospitals at scale, GAZA 2.0! A disgusting war crime. I await the day he faces justice for what he did in Gaza and Lebanon Don't get me wrong, this does not mean Hezbollah should not disarm. Hezbollah is as responsible as Israel for the destruction of Lebanon, and as soon as Israel is out (or guarantees it will withdraw), Hezbollah should immediately disband or merge with the Lebanese Army Hezbollah prioritized Iran over Lebanon, and Israel took advantage of that to invade. Both have Lebanese blood on their hands!

@ibrahimkaragul @grok did Netanyahu say the above quote?

Netanyahu ispanya'yı açıkça tehdit ediyor: "Bunun bedelini ödemek üzeresiniz. İspanya İsrail’e karşı durduktan hemen sonra yaşanan elektrik kesintilerini ve gizemli tren kazalarını asla unutmayın.” Ne diyor bu? İspanya içinde terör saldırıları yapacaklarını söylüyor. Dünya bunu böyle not etmeli. Ve İspanya'nın cevabı: "Sizi karalamıyoruz, tanımlıyoruz: Siz soykırımcı ve suçlu bir rejimsiniz. Hepiniz Uluslararası Ceza Mahkemesi'nin önüne çıkacaksınız."

Japan has a 112-year-old gas monopoly that heats an entire prefecture. Zero competitors. No debt. ¥5B cash on the balance sheet. Trading at 42 cents on the dollar of book value. 1.9× EBITDA. The reason it's cheap: nobody on Wall Street has ever heard of it. $9537.T (bio for more info)

The math on Fannie and Freddie is so dislocated it looks like a pricing error. Fannie printed $14.4 billion in net income last year. Freddie printed $10.7 billion. Combined market cap on the pink sheets right now: ~$12 billion. The market is pricing $25 billion in annual earnings at a 0.48x multiple. Find me another 0.48x earnings multiple anywhere in American finance. It doesn't exist. The dilution fear is the reason the stock is cheap and the reason the stock is wrong. Treasury put in $187 billion. The GSEs have swept back over $300 billion since 2012. That's an 11.6% IRR. If Treasury exercises its 79.9% warrants at today's price, the government's stake is worth ~$9.6 billion. If it exercises post-relist at 10x earnings, that stake is worth $200 billion. The difference is $190 billion. Washington doesn't leave $190 billion on the table to spite penny stock holders. Capital requirements look scary until you do the arithmetic. The ERCF says $334 billion. They have $179 billion. The FHFA can lower Tier 1 to 2.5% without Congress. New target: ~$190 billion. Gap: $11 billion. One IPO closes it. One year of retained earnings closes it twice. G-fees are already at 65 bps. Pre-crisis they were 20. The GSEs have been charging privatized pricing inside a conservatorship for 14 years. Credit losses outside of 2008 average under 5 bps. The margin is so fat that mortgage rates don't move at all on release. So what are you actually buying at $5? A royalty on the American mortgage system. 65 bps on $7.5 trillion in outstanding MBS. $48 billion in gross annual revenue. Under 5 bps in historical losses. The most predictable spread in finance, backstopped by a guarantee both parties have publicly committed to preserving. JPMorgan trades at 13x and takes real credit risk. Utilities trade at 15x with half the visibility. These two trade at 0.48x collecting tolls on other people's risk. The second those warrants convert and the NYSE listing goes live, every index fund and pension fund with a financial sector mandate has to buy. Two of the ten most profitable companies in America, sitting on the pink sheets, waiting for one signature.

@LoganTGott Funnel

Everyone is using Claude right now. Very few founders are using it to drive real pipeline from LinkedIn. So I built a free resource with the exact Claude prompts I use to build full LinkedIn funnels… the same system behind the multiple clients we’ve generated over 6-figs for. Most people are using AI to write posts. Almost nobody is using it to build the actual infrastructure that turns LinkedIn into a lead machine. I’m sure I could sell these prompts in the future but for now they’re yours: Comment "Funnel" and I'll send it over. (You need to be following so I can DM it to you.)

WHO GETS THE REFUND? Big retailers are about to get a $166B windfall from those IEEPA tariff refunds. The real question: are they passing those savings back to us, or just padding their Q3 margins? 🧐 Class action lawsuits are already flying. #ConsumerAlert #TariffRefunds #Retail

Claude FULL COURSE 1 HOUR (Build & Automate Anything)

SCOTUS: IEEPA tariffs are illegal CBP: It’ll take 4.4 million labor hours to manually process the refunds. 🫠 We’re literally waiting for a software update (CAPE) just to get our own money back! 2026 is off to a wild start. #TradeCompliance #IEEPA #Tariffs

⏱️ The "PSC" Power Move. A Post Summary Correction (PSC) is how you fix an entry before it "liquidates" (becomes final). While brokers usually file these via specialized software, you need to ensure they happen before the ~314-day clock runs out on your claim! ⏳

👨‍💼 What does a Customs Broker actually do? They are the "CPAs of the Border." They classify goods (HTS codes), calculate value, and file the legal "tax returns" (Entry Summaries) for shipments. Only a licensed broker or the importer can conduct "customs business." 🚢📦

The "User's Guide" to the ACE Portal & Customs!