Daniel

@Jason Would be nice to see the cash in relation to their market cap.

Berkshire has $373b to invest… 🤯

@dhh @intel @Dell @dhh I wonder if omarchy could become a competitor to mac and macos. Microsoft hasn’t been doing a great job with Windows.

Omarchy 3.5 is out with full Panther Lake support thanks to co-development by @intel and @dell. We're seeing idle draws in the 1-3w range and real-world mixed use of 16+ hours on ~74wh batteries. Amazing chipset! Also, two beautiful new themes. Enjoy! github.com/basecamp/omarc…

@PeterSchiff @WallStreetMav You know what you wrote doesn’t make sense. Having debt doesn’t mean creditors don’t get paid back interest and principal.

@WallStreetMav If we are never going to repay the debt why does anyone "loan" us any money?

Jerome Powell on the $39 trillion U.S. national debt: "We don't have to pay the debt down, we just need to have primary balance and begin to have the economy actually growing better... It will not end well if we don't do something fairly soon."

@immasiddx Actually i think it sucks. It’s way too heavy, has an uncomfortable grip, and has tons of buttons/features that are unnecessary. I think a good mouse is just a lightweight mouse that has good tracking.

Show me a mouse with zero haters. I’ll go first:

@Couch_Investor @amitisinvesting Meta isnt growing at reddit’s pace

@amitisinvesting The answer I keep reaching is, why not just buy more $META?

Seeing a ton more chatter about $RDDT now… I did a deep-dive on them 2 months ago and quite frankly, the only thing that held me back was valuation. At $230, the risk-reward wasn’t there. At $135…what are people thinking? Trading at 11 p/s, 30x fwd P/E with 70% growth.

@BillAckman @Microsoft @satyanadella Microsoft accounts/out look suck in general. So many things broken or frustrating to use.

Search on @Microsoft Outlook sucks. @satyanadella please fix it.

@zoink Happy to be a shareholder of one of my favorite tools. Please consider exiting the bitcoin position, it has no place in figma’s interests.

2025 was a massive year for Figma and Q4 was our best quarter yet: → accelerated Q4 revenue growth to 40% YoY → Q4 net dollar retention rate up 5% from Q3 for $10k+ customers → adjusted free cash flow margin for Q4 of 13% → ended 2025 with $1.7B cash and investments AI offers a new creative starting point. Design is where the work connects and how you push to something great. We want Figma to be the place where it all comes together. Big year ahead!

@elkelk Why?

Zero chance on earth that writing code is a good use of time for the CEO of a $150b company

@crainbf @CryptoJelleNL If that’s the case, it’s still a disaster for long term investing

@CryptoJelleNL Seems like that’s misrepresenting it though. Says they assume you earn 6% return on assets (even if you don’t) and then tax you 36% on that. So effectively a bit over 2% / year on the assets. Still bad and I’m sure will cause lots of people to leave.

Sad day in NL, the Dutch government is expected to pass a bill introducing a 36% tax on unrealized capital gains. This will destroy long-term strategies, kill compounding effects & trigger a wealth exodus of biblical proportions. But they'll pass it anyway. Can't fix stupid.

@saylor Bitcoin is dead. Tech companies are investing over a trillion dollars per year in compute and energy. Bitcoin miners have no capability to compete for those same resources against big tech companies. Get out while you can.

The Rules of Bitcoin 1. Buy Bitcoin 2. Don't Sell the Bitcoin

@sama Bro, their ads have no mention to openai. Satire is not dishonesty.

First, the good part of the Anthropic ads: they are funny, and I laughed. But I wonder why Anthropic would go for something so clearly dishonest. Our most important principle for ads says that we won’t do exactly this; we would obviously never run ads in the way Anthropic depicts them. We are not stupid and we know our users would reject that. I guess it’s on brand for Anthropic doublespeak to use a deceptive ad to critique theoretical deceptive ads that aren’t real, but a Super Bowl ad is not where I would expect it. More importantly, we believe everyone deserves to use AI and are committed to free access, because we believe access creates agency. More Texans use ChatGPT for free than total people use Claude in the US, so we have a differently-shaped problem than they do. (If you want to pay for ChatGPT Plus or Pro, we don't show you ads.) Anthropic serves an expensive product to rich people. We are glad they do that and we are doing that too, but we also feel strongly that we need to bring AI to billions of people who can’t pay for subscriptions. Maybe even more importantly: Anthropic wants to control what people do with AI—they block companies they don't like from using their coding product (including us), they want to write the rules themselves for what people can and can't use AI for, and now they also want to tell other companies what their business models can be. We are committed to broad, democratic decision making in addition to access. We are also committed to building the most resilient ecosystem for advanced AI. We care a great deal about safe, broadly beneficial AGI, and we know the only way to get there is to work with the world to prepare. One authoritarian company won't get us there on their own, to say nothing of the other obvious risks. It is a dark path. As for our Super Bowl ad: it’s about builders, and how anyone can now build anything. We are enjoying watching so many people switch to Codex. There have now been 500,000 app downloads since launch on Monday, and we think builders are really going to love what’s coming in the next few weeks. I believe Codex is going to win. We will continue to work hard to make even more intelligence available for lower and lower prices to our users. This time belongs to the builders, not the people who want to control them.

@BDCryptoGuru The stock market is at an all time high

@BillAckman You’re suggesting to suspend judgement, and just a couple hours later blame it on Minnesota’s governor. x.com/billackman/sta…

We have reached a stage in our country where there are only two sides to every issue and every incident. Each side lives in protected echo chambers which are provided with a curated set of ‘facts’ and/or video footage from certain camera angles that are consistent with the preexisting views and conclusions of that side. Individuals are ‘convicted’ of serious crimes in the headlines, by politicians appealing to their base, and ultimately in the minds of the public, or they are exonerated, before all of the facts are in and a detailed investigation has been completed. This is not good for America. We need to go back to a world where we suspend judgment and await the conclusions of a detailed investigation before we convict or exonerate. Let’s not forget that a man is presumed innocent until proven guilty. Rushing to judgment helps no one and harms us all. It also greatly elevates the temperature, which keeps potential targets of law enforcement and those who enforce our laws on edge, massively increasing the risk to all. We need to take a deep breath and reserve judgment before this gets even more out of control.

@sweatystartup AAPL AMZN and GOOGLE will be just fine.

I can’t imagine having 30-40% of my net worth in big tech equities right now. This ai bubble is going to pop and carnage will ensue. I’m very bearish on NVDA, TSLA, PLTR, AAPL, GOOGL, TSMC, AMNZ, META right now. There is no way these companies can live up to their valuation. 30% + correction in the next 18 months. More in NVDA. Data center developers and owners going to go bankrupt too.

@PronkDaniel This is true for every software company. All companies can do more, faster, with less reaources. It’s like a race where every driver got their car upgraded. It doesn’t change who is expected to win or the best driver.

$DUOL reportedly used AI to double their course count within a single year. This is good for increasing the value of the offering. But doesn't this also kind of confirm that AI can replicate what they're doing?

@realBigBrainAI The answer is no.

Sundar Pichai (Google CEO) gets asked, "Does Google track you through your phone?"

@unusual_whales @brian_armstrong even if you created a better way to hold cash it would be foolish to instantly make it available to everyone if it put the banking system at risk. Like if you develop a better version of coinbase, you wouldn’t rush to release it, if it risked taking coinbase down

Coinbase CEO Brian Armstrong: "They're trying to protect their own profit margins, taking money out of the pockets of hardworking, average Americans."

@MyGrowthStocks @michaeljburry It’s not impossible for someone to change their mind.

@michaeljburry It surprises me you invested in FOUR and then, after some due diligence and no material company news, you change completely your thesis and sold off. Shouldn't you have done more DD before buying?

New post. The Payments Giants: FEE FI FOUR Umm… The attraction for most investors is that the payments business at scale intuitively is a moneymaker. A toll bridge on all the payments happening in some section of the world or economy, with the toll so small no one that pays it worries about it. This should work as long as the toll bridge can keep other bridges from being built in that particular section. The difference between one toll bridge and two on any one section of river is night and day. So, most try to dominate some part of the river, but barriers to entry are not what they once were. Irreverent newcomers have installed ferries all over the place without putting the time and capital into a bridge. When a mature business loses its pre-eminent position, it must buy things to grow. Or, sell to another buying things to grow. open.substack.com/pub/michaeljbu…

@michaeljburry Makes sense. Their products seem to be bad. Their past growth isn’t organic, it comes from acquisitions and shareholder dilution.

DB downgrades FOUR because it sees organic growth falling to the mid teens? Boy do I have a story for you.

@Rajatsoni @barkmeta Noone with a minimum financial literacy works to pursue currency. Currency is just a tool for day to day transactions, not for storing or generating wealth in the long term.

@barkmeta People work 8-10 hours a day for 50 years They take 2 weeks of vacation per year They sacrifice time with family and friends They give up on their hobbies All to pursue a currency that can be printed out of thin air

You trade your entire life for it. They print it out of thin air. The US Dollar is the biggest scam in history.