Ken Book

@Codie_Sanchez If only Ben Horowitz had a huge well-respected fund he could invest out of!

@BradoCapital 👀

@pitdesi @BenSasse Highly recommend his book, The Vanishing American Adult

This is an incredible interview. @BenSasse is a true patriot and a real intellectual and philosopher. Wish we had a government full of people like him.

@garrytan So sorry for your loss

My grandma passed away today.

@BradoCapital @fluidwax @obermattj Of course, you were one of our first believers! Rooting for you guys to kill it here ♥️

@fluidwax @obermattj @itskenbook I wanted to build it with you guys if you recall!!

Prediction markets for company KPIs is a game changer. This is the markets that pulls every Institutinal investor in. Think about markets where you can predict for $UBER the number of rides last quarter. Or the number of DoorDash deliveries. Or even the number of vehicles that $TSLA will deliver. Hedge funds, especially the pod shops are spending a ton of time and effort forecasting quarterly earnings. But the teams, especially data science teams, have always been good at using unique data to predict the KPIs. You can’t control if the stock goes up or down on earnings announcements. But now you can make money on being the most accurate to predict KPIs. Or even use prediction makets on KPIs as a hedge. This is the market that brings in billions of $$$ from institutional traders. It’s a no brainer. When I worked at a hedge fund we used credit card data, foot traffic, camera footage, satellites and endless other sources to predict KPIs. And we were very accurate and even more importantly we were great at being directionally accurate (beat or miss). Now this is a whole new market of opportunity to place your predictions on these KPIs! Data just got more important and more valuable, especially if it can predict KPIs! Go get the @fiscal_ai API so you can start predicting on @Kalshi

@BillAckman Everyone always says "be greedy when others are fearful," but when the opportunity presents itself they become super fearful.

Some of the highest quality businesses in the world are trading at extremely cheap prices. Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world. And we have the potential for a large peace dividend. One of the best times in a long time to buy quality. Ignore the bears.

@ShaanVP Yes! And your dad too. Mine left way too early. music.youtube.com/watch?v=huPrAk…

@Clara_Gold And which of your employees are 2/10s?

Hiring in SF feels exactly like being a guy on a dating app. Everyone you want is out of your league. Everyone in your league wants someone out of theirs. You pay for a “booster” (aka a recruiter) that gets you more visibility but still 0 conversion. So eventually you convince yourself the 2/10 has “great personality” and “a lot of potential.”

@zach_yadegari Love that, huge congrats!

Cal AI has been acquired by MyFitnessPal 🚨 Henry and I started Cal AI as 17-year old high school students with one mission: make calorie tracking easier with AI. In just 18 months, we’ve helped millions of people lose millions of pounds. And we broke $50m in ARR along the way. We are at an incredible inflection point in history where ANYBODY can build a product that can improve lives and make millions. As founders, we get a lot of praise. The truth is that this would not have been possible without our incredible 30+ person team. We are so proud of what this team has accomplished, and are thankful to everyone that has been instrumental in Cal AI’s development and success. Cal AI will continue as a separate app from MyFitnessPal. The combined team will share resources to continue helping people achieve their fitness goals!

@TukiFromKL Most people who say they've never used AI actually use it regularly. Search on Google and see an answer come up instead of links? You've used AI. Use Google assistant or auto complete when typing an email? You've used AI. Many such examples.

Holy fuck!

@pitdesi MKBHD made a gem of a video about these youtu.be/cZIso9uqNls?si…

Remember this gem? I will always remember Oprah doing paid placement for a Microsoft Surface while using her iPad to post

@johnloeber @levelsio may be interested x.com/i/status/20231…

My feed is worse than ever, so today, I'm building a small open-source project to solve the problem of bots on X. You'll be able to filter to verified, real people. Quick show of hands: if this is something you might want to use, can you reply here or send me a DM? Thanks!

Anyone who knows basic statistics knows that increasing risk is the easiest way to increase potential reward, but you'd be a fool to interpret that alone as a sign to take on more risk. Compensation in excess of risk taken is what should be optimized for, and that comes from work ethic and intelligence. There's a reason hedge funds are paid for alpha and not beta. Signed, Someone who takes a lot of career risk

Above your intelligence, above your work ethic, you will be compensated in proportion to your risk.

This is a wire subscription service. Pay $240/yr, get unlimited free wires. All other features are table stakes for banking fintechs

@money_cruncher My dad always said "a bargain is something you don't need at a price you can't resist"

Good reminder: There's no such thing as a good deal on something you don't need. 70% off means you still wasted money if you don't actually need that thing

Universities using "AI detectors" to accuse students of cheating are like courts that only accept polygraph tests as evidence

That's my point exactly! I agree! Lots of equity and derivatives trading volume is emotionally comparable to gambling and always has been, and we should teach our kids to be careful with day trading stocks just like we teach them to be careful in casinos. This doesn't mean securities and derivatives exchanges like the NYSE and Kalshi should be regulated like casinos. My point is that saying Kalshi is colloquially a gambling company is not the legal "gotcha" that some people use it as to try and say Kalshi requires a casino license. Speculation has and always will exist in all financial markets. We should teach our kids to be just as careful with speculating as they are with gambling. That doesn't mean speculation is legally the same as gambling.

The argument of "things can only be gambling if they are legally determined to be gambling" is so gd tireseome. Something can be gambling without being treated as such by the law. I assure you it's possible to hold this thought in your head and you won't explode.

@Jason Has there ever been a rebrand people liked when it was announced?

Terrible logo Keep the original Get a refund for this AI slop

Do you think Robinhood should be regulated at the state level via casino licenses? If not, then every argument you make against Kalshi is invalid, since by your own logic, something being a gambling company does not imply it should be regulated as a casino. In other words, when you say gambling, you're talking about a cultural definition of gambling, not a legal one.

Yes Robinhood is a gambling company too

@ycombinator @phindsearch One of the coolest AI companies I've tried in a long time. Highly recommend.

Congrats to @phindsearch on their $10.4M round! Walls of text are so 2022. On Phind, every answer is now an interactive mini-app. It’s a step towards their vision of creating a personal internet just for you. axios.com/pro/enterprise…