Dad Talk

@BillAckman Beautiful letter. Thank you for sharing and happy 60!

I celebrated my birthday this weekend and I received the most beautiful note I have ever received from a friend. I can't imagine a better birthday gift. It is a deeply personal ode to my father. I share it only because I think it is too beautiful a gift for me to keep for myself and I do so in honor of my father. The scene was an event space where Marcin Patrzałek performed for us. I met @MarcinGuitar on @X. He is an incredible talent. The note came in the form of a WhatsApp text: Dear Bill, Yesterday, while a young prodigy performed before an audience of spellbound spectators—much like one is captivated by a magician with more than one trick up his sleeve—images from a family album flashed across a screen. Adults and children with smiling faces, confident in life, happy to be together. Faces of parents, children, and friends—profiles of happiness and silhouettes of joy. Not a cloud in the sky, just the unfolding of a life blessed by love and closeness, gently swept along by the fresh air of travel, camaraderie, and family gatherings. And in all of this, a constant presence by your side, as if you were inseparable, to the point that one might have wondered who was the shadow of whom: your father. The resemblance between the two of you has grown over time—no doubt the effect of graying hair, but not only that: in both men, the same satisfaction in their eyes, stemming from the fact that they have fulfilled their obligations to their loved ones with courage and determination, and that this justifies saying, without presumption, that they did not come into existence for nothing and that they have even carved out a path that has itself become a road to fulfillment for others. The satisfaction, then, of having lived up to a duty that no one in particular ever demanded of oneself, nor spelled out in so many words, nor described in advance, but which nonetheless haunted the conscience of the human being that one is. It is this duty that gives meaning to existence, but also to that category of Mensch that has often been mentioned in connection with you over the course of this weekend. So, yesterday, on the screen, behind a sort of genius-like, slow-to-mature teenager, capable of transforming a toccata as beautiful as the world into a rock riff of eternal youth, what I saw was this: a mature Mensch, loving to take his wife’s hand in his, leaning gently, kindly, and confidently over a little boy at first, then a teenager, and finally an adult who has become a father in his turn, to tell him without saying it: I am you, my son, and you are me, your father; we are united forever, so that everything I do, you do it, and everything you do, I do it. It was then that I myself understood not only where your self-confidence came from, but where that wild generosity, that tireless desire to do good, that appetite for loving life and blessing its kindnesses, came from. Where your sense of responsibility came from. Where your will to find happiness came from. The fact that your father is gone changes nothing about the fact that he never left, and that he will never leave. Leaving simply meant that he would not only be within you, but that he is you. For a while, gazing at these photos, with a fascination that grew as I noticed the absence of any negativity in them, I asked myself: can one ever recover from the loss of such a father? How can one bear his absence, when the love received was so strong? Even the greatest love one can have for one’s wife and children cannot heal the wound of time passing and taking our most precious affections away from our presence... But no, these questions were wrong: I realized this as the photos scrolled by. This father who was supposed to be absent was very much there, completely there, there as never before; he was right in front of me, in the flesh, in the room. He was wearing a bright blue tuxedo and a crisp white shirt; his gaze was clear, like that of someone who sees far and from afar. I myself had just given him a hug; I had just thanked him for the three days of enchanted wonder he had given to his loved ones. Well, yes, this man and his father were one and the same person, and it was from understanding this that came that indescribable feeling of having accomplished something in his life. In the thanks to everyone for contributing to this success, there were two voices in one. The merging of two voices. It was your father thanking your loved ones for making you who you are. It was you thanking your father for making you who you are. It’s not that you’ve made money, that you’ve become known to strangers, that you have the power to influence the course of events, etc. No, none of that matters much. What matters is that you are now living proof that life always triumphs over death, as Judaism teaches anyone who is willing to listen. Yesterday on the screen, in the close-up faces of a father and son, the psalm of the prophet Hosea shone through: “O death, where is your victory?” Happy 60th, my dearest Bill,

@BillAckman Good move. I’m a psus and ps holder. Both great companies, however agree with the rotation. Very few understand the moat MSFT has. It’s been oversold

To be clear, our sale of $GOOG was not a bet against the company. We are very bullish long term on Alphabet. But at current valuations and in light of our finite capital base, we used $GOOG as a source of funds for $MSFT.

@LogicalThesis Intermittent fasting is biological fact. I can discuss my ow success however it is the key to moderating insulin resistance and tied to major causes of death.

I was working out, eating healthy But my weight stayed the same (gained muscle) Had a procedure recently so I took a break from lifting I'm down 6lbs in 10 days Super simple Just stop eating as much Intermittent fasting is bs other than you have less time to consume calories

@burrytracker Horrible interview as if he wants stoc to tank

This got awkward fast GameStop wants to buy eBay in a deal worth ~$55.5B So today, Ryan Cohen went on CNBC And the obvious question was: How does a company worth about ~$11 billion buy one worth about ~$48 billion $GME has closed -10% since the interview aired

@BillAckman @CNBC Bill I’m a new investor today in PSUS Does this mean I also get the PS shares at some point? How does that work?

An excerpt from my interview with @CNBC on $PSUS and $PS. I bought 500,000 shares of $PSUS and 800,000 shares of $PS yesterday in the open market. PSUS trades at a large discount to its $49 cash per share and PS trades below the price, $26.25, at which we sold a 10% interest in the business to strategic investors two years ago when we had approximately half our current fee-paying assets. Ryan Israel, our CIO, and I are going to do a Spaces on @X tomorrow to answer your questions. We look forward to it. Pershing Square CEO Bill Ackman: We look nothing like other closed-end f... youtu.be/BiFLANpidUc?si… via @YouTube

@jimcramer Could be the qrtr where earnings tell a story that reflects the severe over reaction SaaSgeddon has become. SaaS is not dead. CRM, and MSFT own that data behind SaaS. Both have strong.growing AI platforms. Eventually the market will wake up and look back on the incredible buying

CRM goes higher, NOW? why not, money out of AI into SAAS courtesy the WSJ

@michaeljburry Love the visual.

What really matters to the market and the US economy is not the Strait of Hormuz.

Fabulous reality visual

@MichaelPBento Thank you

@flynnke01 Those details entirely depend on what things look like when we get there.

The 200DMA has moved up about 50 cents give or take every day on SPY. Today it is at 658.25 at the rate it is going as long as we don't have a decisive panic flush and we keep this manic rippy dippy news headline intraday environment it should be at or above 660 by the day of the Fed meeting on Wednesday. 660 as you can see is where the biggest pile of Put gamma is. FOMC meetings also tend to be market trend turning points more often than not. So if the 200DMA holds and is dragged up to 660 before being touched and the put wall doesn't roll down between now and then given the amount of support that will be present I am planning on buying a very large call position at the touch of the 200DMA. So many factors are aligning that point to a face ripper relief rally off of 660. I would expect such a rally to bring us up to tap the 20DMA, but I do not expect it to crack above it. The 20DMA is in the process of crossing under the 100DMA, so I would consider this potential face ripper as no more than a bear market rally unless the war ends completely between now and then.

@Jake__Wujastyk High volume up trend.

$MSFT #MSFT Monthly candle setup looking juicy.

From inflation scare to deflation pulse. It is here. Like and repost if you understand this.

@market_sleuth It depends on your use of the house. I am 60. If you want a turn key experience, I vote or the Townhouse. Suitable for travel and low maintenance. If you are into the yard and spending time here, then the SF home.

If you were turning 60 this year like I am what type of home would you buy with the same square footage, HOA fee & location; an end unit townhouse (not a middle unit) or a single family house with a 1 acre yard?

@elonmusk What is agi. Musk

I’ve predicted 2026 for a while now

@leadlagreport I agree it is bearish. But the prediction is nonsense.

WAKE UP AI IS BEARISH AS FUCK

@SamaHoole I agree

"Everything in moderation." - You can't moderate heroin. - You can't moderate cocaine. - You can't moderate cigarettes. - You eliminate addictive substances. Sugar activates the same brain pathways. Creates the same dependency. Causes the same withdrawal. Moderation is abstinence with extra steps and constant suffering. Elimination is freedom. Your choice.

.@BrettFavre With all due respect to one of the greatest QBs ever — I didn’t grow up knowing where the Packers played, what Lambeau Field was, or why people proudly wear cheese on their heads 🧀😄. I watched. I learned. And now I get it. That’s how @NFL football works. And honestly, that’s how the Super Bowl halftime show works too. It’s not about only watching what you already know — it’s about discovering what millions of your fellow Americans already love. Bad Bunny isn’t “foreign” to the Super Bowl — he is America too 🇺🇸🇵🇷🎶. Different sounds, same country, same game. The Super Bowl is big enough for frozen fields, cheese hats, country music… and Spanish lyrics. That’s not losing tradition. That’s America showing how big the tent really is. 🏈❤️ And you should try Tembleque, Alcapurrias and Mofongo! Don’t be sad, be happy!