Cope

@robbiehendricks And the skinny years are a good part of the moat.

A note of truth though: The early years in sales are often very skinny - and very inflexible. Whatever you are selling, it will take you time to build a book of business. Whatever it is. But once you get the machine rolling, referrals coming in, customers coming back to you - man, it can really snowball.

Say it louder for the kids in the back: Go learn to sell. Get out there. Get uncomfortable. If you stick with it, you will crush it. And if you pivot to something else? Your sales skills always translate to value in your next endeavor.

@robbiehendricks “If we’re all going to eat, someone has to sell”: youtu.be/EfRJzFQAUcQ?si…

@robbiehendricks @theficouple Elon says I don’t need to save. 😊 For all our sakes, I hope he’s correct.

@theficouple And if you’re 30, you better double that at minimum.

Are you saving enough: The average cost of retirement in the US is now $1.6 million. ....Does this surprise you!?

The Western hemisphere has plenty of energy resources for the Western hemisphere. Canada, US, Mexico, Venezuela, Guyana together have adequate energy for the Western hemisphere. China is being isolated. They will be increasingly dependent on Russia for energy. Not their preference. They will also need to help keep the Straight of Hormuz open with resources and influence. Europe is in a poor position with respect to energy, economy, and military certainty. NATO was gutted philosophically this week by Europe’s refusal to assist in protecting the Straight of Hormuz. DJT will now feel entitled to focus on controlling and protecting the Western hemisphere. Greenland and Cuba included. Europe will have to pay for its own defense. Just as DJT wants. Germany will soon house fewer U.S. troops. The SWFs will be eager to deploy their capital within the safety of the U.S. India will strengthen. China will persist. Europe will shudder. The U.S. will be fine.

I'm going to make some obvious points. (1) Blowing up all the oil infrastructure in the Middle East is an insane idea, and may well result in a global economic crash and humanitarian crisis unrivaled in the lives of those now living. We're talking about the price of everything everywhere rising, from food to gas, at a moment when inflation was already high. All of that will be laid at the feet of the authors of this war. (2) The antebellum status quo of Feb 27, 2026 was just not that bad, but we're unlikely to return to it. Expect indefinite, long-term, ongoing disruptions to everything out of the Middle East. (3) Also assume tech financing crashes for the indefinite future. The genius plan to get the Gulf states caught in the crossfire has incinerated much of the funding for LPs, for datacenters, and for IPOs. Anyone in tech who supported this war may soon learn the meaning of "force majeure" as funding gets yanked. (4) Many capital allocators will instead be allocating much further down Maslow's hierarchy of needs, towards useful basic things like food and energy. (5) It's fortunate that all those progressives yelled about the "climate crisis." Yes, their reasoning about timelines was wrong, and much of the money was wasted in graft, but the result was right: we all need energy independence from the Middle East, pronto. It's also fortunate that Elon and China autistically took climate seriously. Now they're going to need to ship a billion solar panels, electric vehicles, batteries, nuclear power plants, and the like to get everyone off oil, immediately. (6) It's not just an oil and gas problem, of course. It's also a fertilizer problem, and a chemical precursor problem. Maybe some new sources will come online at the new prices, but it takes time to dial stuff up, particularly at this scale, so shortages are almost a certainty. That said, China has actually scaled up coal-to-chemicals[a,c] (C2C), and there's also something more sci-fi called Power-to-X[b] which turns arbitrary power + water + air into hydrocarbons. But all of that will need to get accelerated. I have a background in chemical engineering so may start funding things in this area. (7) Ultimately, this war is going to result in tremendous blame for anyone associated with it. It's a no-win scenario to blow up this much infrastructure for so many people. Simply not worth it for whatever objective they thought they were going to attain. But unless you're actually in a position to stop the madness, the pragmatic thing to do is: scramble to mitigate the fallout to yourself, your business, and your people. [a]: reuters.com/business/energ… [b]: alfalaval.com/industries/ene… [c]: reuters.com/sustainability…

@WilfredFrost @SecScottBessent It is nicely done. Thank you both for it.

WOW. My interview with @SecScottBessent has crossed **25 MILLION** views in just 5 days (including shorts). You can find the full 50 minute conversation via the links below YT: youtu.be/zq_L011kMLs?si… Apple: podcasts.apple.com/gb/podcast/the… Spotify: open.spotify.com/episode/1n5QRd…

@WerderEdNFL How lovely. Congratulations.

It was 48 years ago today that Jill and I met unexpectedly in the Longmont HS library. Best day of my life. Don’t forget to visit the library, kids.

@cyantist Plus the physics professors killed: Nuno F. G. Loureiro Carl Grillmair

This is weird

Beyond property tax, Mr Mayor has little ability to raise revenue are reduce costs without State support. Not even free buses, which are overseen by an independent Authority. Robert Moses got around City revenue constraints by creating Authorities that could toll and raise capital for infrastructure development. It took a President and a Rockefeller to stop Mr Moses. Little likelihood that the State helps Mr Mayor much given the Mr Moses experience.

@PhilipJohnston @ezrafeilden @Starcloud_ @nvidia Awesome!

I just watched Jensen walk on stage to the deployment of @Starcloud_-1 😱🤯😲 @NVIDIA GTC

@robbiehendricks Broker Price * 0.65 = 😊

Just reviewed a broker OM for a little C class deal. Lots of experience in this submarket, small enough that we'd buy ourselves without LPs. Broker OM Assumptions: 4% Annual Rent Growth 0% Property Tax Reassessment 95% Economic Occupancy What's your takeaway?

@amitisinvesting With a T…

$NVDA JENSEN: “Last year, I said we see $500B worth of demand over the coming quarters. Now, I see that number at minimum is $1T.” Mic. Drop.

@DanielSLoeb1 ? No one watches, sir. It is all YouTube and X now.

The sanctimony of the acceptance speeches and the condescending way they implied the lowly audience both shared their values and was temporarily allowed in on their inside jokes was especially noxious. Its a wonder my flat screen survived the full impact of the Loro Piana sneaker which I used as a projectile.

@lindsaybitcoin I thought we bought everyday? 😊

When everyone’s panicking and you see screenshots left and right, that’s when you buy. And when everyone’s euphoric and posting screenshots left and right, that’s also when you buy. Follow me for more wealth building tips.

@tferriss Undervalued. These are nascent companies with nascent products that have captured modest portions of human TAM and that will eventually serve most humans, most robots, and most digital agents on and off planet. 8 billion humans. 80 billion robots. Trillions of digital agents.

Do you think that OpenAI, Anthropic, and other foundation model companies are undervalued or overvalued? What's your rationale?

It would be similar to living in Thailand today while working remotely for a company that pays a U.S. wage in USD. What you earn in USD would go a long way because goods and services are purchasing power inexpensive in Thailand when paid for with converted USD. You might have a cook, driver, and landscaper paid in Thai Baht. Everything would seem bountiful, less onerous, and inexpensive. Abundance for little. You would continue to work on projects, and on the margin you might choose somewhat more leisure time than employment drudgery.

@lindsaybitcoin I don’t understand how this would work… Where is the incentive for anyone to build or produce anything? AI can’t replace 100% of human productivity

Elon said he thinks there’s no point in saving for retirement because in 10 years we’ll have UHI and it won’t matter Can you imagine if he’s right and we’ve spent all these years focusing on increasing our income and finding the best assets to invest in? 😭

@lindsaybitcoin That’s why I retired. 😉

@PatMcAfeeShow @bubbagumpino Theater kid, specializing in drama. 😊 Enjoy the journey! It goes by so fast.

We took baby girl Mackenzie to her first soccer practice this morning.. I grew up playing soccer.. I spent A LOT of my childhood kicking a soccer ball. It’s a beautiful sport that can teach life lessons and can help create some silky feet athleticism.. so I was certainly EXCITED. Mackenzie will play a lot of sports and have a lot of first days.. but the first ever sports practice.. had my mind racing towards the most positive potential outcome. 2039 Women’s World Cup as a 16 year old.. 2040 Summer Olympics as a 17 year old. It’s all a possibility if she takes to soccer like a fish to water.. what if she walks out there and just starts dicing kids up FIRST DAY.. “WHO KNOWS WHAT’S IN A CARSEAT IN THE BACKSEAT RIGHT NOW?” We get there and walk in.. she gets her first jersey. She was handed jersey number 9 👀👀 A TRUE 9 POSSIBLY We walked over to the field.. then to the area she was gonna be practicing.. the anticipation and excitement grew with every step We got to our field a little early.. I ran around with her a little bit to get her warmed up.. hopefully get her comfy with what’s going on.. she was really DOIN SOCCER.. WE were doing soccer Then it was time for the coaches and other players to come onto the field.. and BOY.. SHE DID NOT participate. Tears and yelling for 30 minutes straight. ZERO completed drills in actual soccer practice but A LOT of crying and watching from the side… turns out, today was a mental rep day.. and I LOVE what we’ve started. It’s all still possible my love… Do your journey. I can’t wait to ride alongside all of it.

@chamath To the reverse merger?

One step closer!

@robbiehendricks I consider depreciation to be the inevitable expense imposed on real property by entropy. It is a real cost. From dust to dust, as they say.

Please stop calling depreciation and 1031s tax loopholes. They’re incentives. Not loopholes. They’re incentives for citizens to take risk and invest (and re-invest) capital to both maintain and grow the housing supply so others have a quality place to live and raise their kids. The government needs housing, so they incentivize it through tax code. “But they’re greedy landlords and investors!” No, it’s “you don’t want to live in a cave” and instead of having to build your own home (which you cannot), other people take the risk to build a home for you in exchange for a fair return. You’re welcome.

@PatMcAfeeShow @BostonConnr Well done!

🫡 WE APPRECIATE THE OPP and the all folks who watched.. we know it’s not us, IT’S THE LEAGUE and we are so thankful to get to do this for a “job” #ForTheGoodOfBall