@rileycollins__ this is like Nevada and Idaho arguing over who has better BBQ
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Mezz
13.7K posts
Mezz
@for_yield
Finance, real estate, random musings, and various delights. Debt guy by trade. It's subjective and not advice.
Valhalla Katılım Temmuz 2011
1.5K Takip Edilen18.2K Takipçiler
Chicago has the best Mexican food in the country.
I just got these tacos for lunch in NYC and they were some of the best I’ve had in New York. However, I can name like 5 places close to where I grew up that are better.
East coast Mexican food is just generally trash and that’s okay.
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Just got 100 frozen dumplings for $28 at some shack in Chinatown. Plus 10 fresh I ate there for $5. My input to the zoomer food spend debate.
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ryo hisatsune I worry that 3 ft might be too much for this guy
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Non-RE friend: “we bought this office building 8 years ago in an opportunity zone, so we’ll sell it in two years to get the tax benefits”
Me: “oh, nice. But, what did you sell to buy that building?”
Friend: “what do you mean?”
Me: “you used gains to buy the office, right?”
Friend: “we just bought it with cash and a loan”
Me: “oh, cool. You know…nevermind.”
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Table. Surf lodge. Table
Complex@Complex
Popeyes is making it's way to Surf Lodge 👀 Popeyes has partnered with The Surf Lodge as the exclusive chicken tender partner for the 2026 season, powering the venue's iconic "Chicken Tender Tower" alongside its legendary Summer Concert Series. The collaboration will also feature exclusive menu drops, custom merch, and a full-property takeover later this summer. 📸: @Popeyes @GettyImages
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@SEC_digger @AdviserCounsel The last 3 bullets come into play. Genuinely stupid of him to publicly say any of this
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Since David blocked me but has implied that concerns about accredited investor verification are just “fear-mongering,” it is worth stating: there are real securities law consequences to knowingly admitting non-accredited investors into a private fund where the exemption requires accredited investors.
Among other things:
• It can undermine the issuer’s exemption reliance entirely — potentially transforming the offering into an unregistered public offering under the Securities Act.
• If the federal exemption fails, state blue sky violations often follow as well.
• Rescission rights may extend to all investors in the offering — not merely the improperly admitted investor.
• It likely creates disclosure/compliance issues under Rule 502 of Regulation D, particularly if non-accredited investors were admitted without satisfying the applicable information requirements.
• It raises obvious diligence and governance concerns for institutional allocators and sophisticated counterparties reviewing the manager’s compliance infrastructure.
These are not theoretical issues. They are core aspects of private offering compliance.
Max Schatzow@AdviserCounsel
If you mess up an investor qualification issue that could frustrate your reliance on an exemption under the ‘33 Act, ‘40 Act, or Advisers Act, don’t tweet about it. This is legal advice.
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"My favorite place to get cocktails is the #1 ranked cocktail bar in the world"
Real groundbreaking insights right here
Jacks Dining Room@jacksdiningroom
My favorite cocktail bar in NYC rn is Sip & Guzzle. The vibes are incredible, two separate floors with different menus and the food is fire. They also sneaky make one of the best burgers in the city, full A5 Wagyu beef, only do 12 a night. I don’t even like Negronis but they changed my entire perspective. Trying to explore and hit more cocktail bars in NYC, lmk any recs.
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@HyperTechInvest Blocked. Not because I care but because the tweet format automatically indicates you're a loser
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Leopold lost his aura
That’s my honest opinion
Got Iran-pilled and loaded up on semi puts before one of the biggest rallies in history
Exited his huge $INTC call position at $44 before the $100+ rally
- > Sold $HUT before it went up 105%
- > Sold $COHR before it went up 52%
- > Sold $CIFR before it went up 49%
- > Sold $TSEM before it went up 41%
- > Sold $LITE before it went up 35%
- > Trimmed 40% of $BE before it went up 90%
- > Trimmed $CORZ before it went up 59%
- > Trimmed $SEI before it went up 40%
Exited calls and missed a ton of upside
Portfolio getting lower quality, in my opinion, and messier
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@buccocapital @Jack_Raines Unironically they would be happier if they took a weekend to learn how to cut wood and build a shed, they'd be much happier with the result of that labor
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I think this is likely common across segments of people where success & achievement was never really grounded in purpose but rather performative & required so as to avoid "failure", and a lot of that was ingrained at an early age. Then when the real product of this type of labor is typically non-physical & singularly monetary, this is the result. You combine that with people who put careers (and prior to that, academic achievement) above all else, it compounds and gets worse.
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I can’t stop thinking about this post. If you do one thing today, I encourage you to give it a thoughtful, thorough read…
And then commit to never living your life this way. Life has wasted success on the people described in this post.
It really is completely pathetic. They say that comparison is the thief of joy - look no further than this post for validation it is indeed true.
On their deathbed they will realize they have lived their life completely wrong. Don’t let it be you.
Deedy@deedydas
The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen. Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope AI estimation). Everyone outside that group feels like they can work their well-paying (but <$500k) job for their whole life and never get there. Worse yet, layoffs are in full swing. Many software engineers feel like their life's skill is no longer useful. The day to day role of most jobs has changed overnight with AI. As a result, 1. The corporate ladder looks like the wrong building to climb. Everyone's trying to align with a new set of career "paths": should I be a founder? Is it too late to join Anthropic / OpenAI? should I get into AI? what company stock will 10x next? People are demanding higher salaries and switching jobs more and more. 2. There’s a deep malaise about work (and its future). Why even work at all for “peanuts”? Will my job even exist in a few years? Many feel helpless. You hear the “permanent underclass” conversation a lot, esp from young people. It's hard to focus on doing good work when you think "man, if I joined Anthropic 2yrs ago, I could retire" 3. The mid to late middle managers feel paralyzed. Many have families and don't feel like they have the energy or network to just "start a company". They don't particularly have any AI skills. They see the writing on the wall: middle management is being hollowed out in many companies. 4. The rich aren’t particularly happy either. No one is shedding tears for them (and rightfully so). But those who have "made it" experience a profound lack of purpose too. Some have gone from <$150k to >$50M in a few years with no ramp. It flips your life plans upside down. For some, comparison is the thief of joy. For some, they escape to NYC to "live life". For others still, they start companies "just cuz", often to win status points. They never imagined that by age 30, they'd be set. I once asked a post-economic founder friend why they didn't just sell the co and they said "and do what? right now, everyone wants to talk to me. if i sell, I will only have money." I understand that many reading this scoff at the champagne problems of the valley. Society is warped in this tech bubble. What is often well-off anywhere else in the world is bang average here. Unlike many other places, tenure, intelligence and hard work can be loosely correlated with outcomes in the Bay. Living through a societally transformative gold rush in that environment can be paralyzing. "Am I in the right place? Should I move? Is there time still left? Am I gonna make it?" It psychologically torments many who have moved here in search of "success". Ironically, a frequent side effect of this torment is to spin up the very products making everyone rich in hopes that you too can vibecode your path to economic enlightenment.
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@John_Chungus_5 @thoughtcrime___ you should see what Benn Eifert did with Pedro..
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@thoughtcrime___ lame
i'm not seeing nearly enough tongue here
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this is so hecking awesome
do you think they fucked after filming??
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@EllliotttB *Steps out of $100k car at the $3m home, $15k watch on, freshly tanned from a very obvious vacation that was $20k
"why is the HVAC guy charging me $3k?"
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It’s so crazy how expensive everything has gotten.
Luxury hotels, restaurants that explain that everything is meant to be shared, the list goes on. But in particular what gets me is how much people are charging to do things for me.
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"I see so many ghosts. They're already dead. They don't even know it."
A 45-year Wall Street veteran just said that about the current generation of finance professionals to me.
George Robertson started at Salomon Brothers in 1981 when bond yields were 14%. He's survived every blow-up from Long-Term Capital to 2008 to COVID.
And he's convinced a massive reset is coming that will produce RUIN for people who don't see it.
I just interviewed him, and let me walk you through the one thing most people in this space fail to understand:
The stock market has effectively become a single instrument.
Every major quant fund is staffed by the same MIT graduates running the same models through the same filters arriving at the same conclusions. There are maybe 4 or 5 ideas being expressed across the entire systematic trading universe at any given time. The diversity that makes markets function as a price discovery mechanism is GONE.
Jane Street just reported $16.1 billion in trading revenue in a SINGLE QUARTER. One firm. 3,500 employees. More trading revenue than JPMorgan or Goldman Sachs. Full year 2025 was $39.6 billion.
Lever that capital 10 to 1 across all the major quant players and you're looking at trillions in gross exposure approaching the monthly GDP of the United States. Until something overwhelms that kind of firepower, these firms effectively dictate market behavior.
The rest of us are passengers.
And that's why markets look so deceptively calm right now. Tight ranges, suppressed volatility, weeks and months where nothing seems to move.
But the calm IS the danger.
All the mispricing that should be correcting incrementally through normal price discovery is instead building up like pressure in a sealed system. And when it finally releases, it won't be a normal correction where you have weeks to adjust your positioning...
It will be years of stored mispricing detonating in DAYS.
We've seen the same thing before:
In the 1990s, Long-Term Capital Management was so dominant in fixed income that it killed price discovery across the entire asset class. Danish mortgages, basis trades, risk arbitrage, nothing functioned properly while LTCM existed. Normal pricing only returned after they literally collapsed.
Now apply that dynamic to the ENTIRE equity market.
And the agencies that were supposed to protect investors from exactly this kind of concentration have been gutted. Sherman Act enforcement is effectively dead. The AI industry operates as an informal trust, 3 or 4 companies integrated vertically and horizontally in ways we haven't seen since Carnegie and Rockefeller.
Trevor Milton rolled a truck down a hill, called it technology, and got pardoned. Crime pays. So who stops the next guy?
Meanwhile capital markets have grown to roughly 4x GDP. When I started in this business they were roughly the SAME size. So when the repricing comes, the damage to the real economy will be multiples of anything we've experienced.
Nobody has a clean answer for what to do about this. Not me. Not Robertson. Not anyone being honest with you.
But after 45 years doing this myself I know this much:
The correction WILL come.
Price discovery WILL return.
The only question is whether you survive it or whether you're one of the ghosts who never saw it coming.
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I wish everyone on X was married to someone they love and who loves them back so I could never see another fucking post about gender dating discourse ever again.
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@bigcontentguy Inb4 "big blue won the natty" ya bro we get it, JJ sucks ass
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remember when i said jj mccarthy was gonna be a generational bust and people called me retarded and then he had one of he worst statistical seasons in NFL history
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