mike

“Suffering is the only thing that teaches you who you really are." — Rafael Nadal

If you're 42. Instead of regretting that you can't wake up age 18 again, pretend to yourself that you're 92 and you've woken up age 42 again, and that you get to magically, wonderfully have the next 50 years again. p/s : Brad Pitt 42 yo in Troy ( 2005)

@PaezFinance Dalio higher

Pirámide de los mejores inversores de la historia. Opiniones👇

@SawyerMerritt @Starlink Hey @starlink I thought this was still going on? But I am no longer seeing it available

SpaceX is offering its biggest discounts ever on @Starlink Residential plans for new U.S. customers, with pricing as low as $29/month & $0 upfront hardware cost. • 100 Mbps: $29/month (from $50/month) • 200 Mpbs: $59/month (from $80/month) • 400+ Mbps: $99/month (from $120/month) Upfront Hardware Cost: $0 Monthly Kit Fee: $0/mo Note: The new discounts are currently available in select areas of the U.S. and the discount lasts for the first 3 months of service.

@nypost So sad

Demi Moore’s toned arms take center stage on Cannes Film Festival 2026 red carpet trib.al/DYJYRNx

Show up. Don't quit. That's it. Those are the rules of the game.

@GaetenD @grok can you confirm this is real?

Friends, don’t do this.

@michaeljburry Should be easy for anthropic and OpenAI to replace palantir entirely. They wouldn’t mind eating up that 300B valuation for themselves at a time they need it.

Credit, where credit is due. "The public swipes Palantir executives are taking at the quality of work coming from the AI labs these days reflect a concern increasingly familiar to the American worker: Palantir is at risk of being replaced, or at least rendered less necessary, by AI, according to AI company executives, current and former Palantir employees, and analysts who follow the company." As Palantir CEO Alex Karp derides AI “slop,” investors and some employees see a real threat of the company ceding business to artificial-intelligence models wsj.com/tech/ai/for-pa… $PLTR @WSJbusiness

@michaeljburry You were right king Burry.

@DanielSLoeb1 Bro libs are just legitimately more intelligent than republicans. It’s crazy haha. Republicans so dumb.

Yes

@citrini @ResearchQf @netcapgirl Dude is $CLS now up to $375????

In July, @ResearchQf, @netcapgirl and I published the first single name thesis ever on Citrini Research: Long Celestica @ $20. The risk/reward was favorable we saw $2.50 downside vs. $11 upside over 12mo. $CLS is now above $30, up >50% since. citriniresearch.com/p/long-thesis

@citrini Where do we read more about your current AI positions?

For almost 3 years now, since CitriniResearch’s first AI Infrastructure article in May 2023, we’ve published our Dynamic AI portfolio. It’s our longest running actively managed portfolio and just crossed +400% since inception. We have attempted to stay ahead of rotations within AI - everything from GPUs to optics to memory to power and more. Through every drawdown and rip of the majority of this cycle, our AI allocation has been transparently open for our subscribers. It’s one thing to write research, it’s another thing entirely to publish a collection of positions based on that research. At this point, we’ve written about 20 articles related to AI and it’s sub-themes - each one has has trades, some of which I certainly wish I’d held longer, some I wish I hadn’t put on and some I’m quite proud of. Funnily enough, the biggest single winner by contribution rate remains when we went short with 50% of the portfolio on SMH leading into the “DeepSeek” moment and covered in April. Another amusing thing, I’ve been covering the AI infrastructure trade for more than a thousand days now and I don’t think a single one of them has gone by without someone calling it a bubble. 3 years is a long time to trade a single theme, but every time that I think I’ve seen all this trend has to offer, it surprises me with something new. Curious what the next thing will be, and hopeful we’ll be ahead of it.

@citrini Damn nice man, really loving your posts. Tracking closely.

People keep confusing a bubble with “stocks go up and get overvalued”. A bubble is when when a prevailing trend and a prevailing misconception about that trend interact reflexively, each reinforcing the other until the gap between perception and reality becomes unsustainable. A bubble is not when everyone realizes that right now every iota of AI demand eventually, at some point upstream, must move through memory OEMs. Nor is it when estimates continue rising because things are better than expected. And it’s not just when stocks trade expensive to historical valuations. The reason behind the moves in the AI infrastructure layer so far have been simply that we don’t have enough. They’ve been driven by the fundamental reality more than the perception of the future. It’s why the bulk of the most bullish parts of this cycle have been lumpy and centered around earnings season when companies uniformly come out and confirm there’s still not enough. In the bubble, the reality is driven by the market - not the other way around. Everyone keeps saying “people are gonna freak out if it’s not a bubble!”. I think that’s silly, we have a transformative new technology that needs crazy capital to fuel it coming to fruition, that has and always will result in a bubble as long as we have financial markets. But if you want to call the top in a bubble, you need a much stronger view on what the misconception is and what negative catalyst forces broad perception to align with realizing it than you do on valuation.

@elonmusk Dude you were right about AI, Brockman literally said in his journal he was stealing OpenAI from you haha

Absolutely