Jason Miller

@lolviolence @IAmSoDistressed Oh man 2026 distressed debt is such sight to see. Creditor on Credior violence has all kinds of twists and turns. 2 constants I am guessing: big management retention payments and massive restrcuring fees.

“Wait, you guys have a payment for consent provision?” @IAmSoDistressed

Yep. I remember doing this when spring would finally break out in NYC. Would walk from midtown to my neighborhood in Brooklyn and it was glorious.

@SFarringtonBKC @taobanker Ha i do not miss the days of being long value/low beta and short index plus other specific and getting my face ripped off when market rallied hard.

@taobanker Bruh

I own a tremendous amount of low beta dogshit unfortunately

New idea for @united Charge people $100 to put overhead bags on and $5 for checked bags. No more baloney with overhead bins. Feel free to tweak # to keep revenue neutral. Still free to put bag under the seat. Option 2 do count of overhead bags going on the plane and when you hit capacity make people check them. Such a stupid game and waste of time.

@wesdeviers @kareem_carr I'm just a guy w a retail bakery, but I worry about the quality of information I get and the dumbing down of citizens. Dumb people are easily manipulated to do the will of others, perhaps evil others.

I should be clear - I'm also deeply involved in software engineering and infrastructure so my view on this is heavily biased towards something that AI is actually very good at. But I already see the first little nuggets of "well do we *really* care about software quality? Like... why did we ever care so much?" starting to form in the industry.

It’s clear to me that AI adoption in knowledge work will be slow, because it's mentally exhausting for humans to use, and because it radically distorts existing knowledge workflows, massively accelerating some tasks while slowing others, creating inevitable bottlenecks, that force a fundamental re-engineering of the workflow. Re-engineering workflows is obviously possible, but time-consuming. More importantly, this re-engineering isn't a one-time thing. The need seems to repeat every 3–6 months. The models change, but so do best practices, from early prompt engineering to managing autonomous agents. Each shift requires workers to relearn failure points, and mentally recalibrate to changes in reliability. Business workflows can't adapt at this pace. Workers can't fundamentally redesign what they're doing every few months. Therefore, adoption will be slow.

@wesdeviers @kareem_carr Interesting theory. One that ties to Ai as a tool that makes people more efficient within niches yonstart then as things get better over time, broader.

I think you can coalesce it into three buckets: the output matters, the output doesn't matter, and the output matters a little. There is a shocking amount of work that humans do today where the output doesn't matter, or barely matters. It took me a long time to come around to this, but I don't think the way AI wins is by getting better. I think AI wins because we will lower our expectations accordingly. AI is Walmart, not Skynet.

@McFranchisee It's a great program

@jbmp51 Not sure what specific change is occurring but I do know McD has the best reward per dollar spent in the entire QSR world.

.@McFranchisee I see the new levels in the app. $3 = 4k points sounds good. But I see (and understand) the devaluation of points. I may be misremembering but a full-size sandwich was 6k points now 7k .

Smart

@SMB_path @McFranchisee I was told but haven't tried -if you make a custom order at counter with your code tied to your app account, that the order goes in your history and you can just click re order on the app.

@McFranchisee @jbmp51 Cause that $6 McDouble meal deal is fire McDouble, nuggets, fries, and a drink. If I can make it a poor man’s Big Mac… oh but that might be an app only deal and that mod isn’t available on the app

Now I know why McD Canada didn’t do K-Pop, they had the Chicken Big Mac lined up during this promo window. Should the US bring it back?

@SMB_path @McFranchisee Agreed. Chicken Mac was not great. But @McFranchisee what do you think?

@McFranchisee No. It was not good And I’m a big time Big Mac fan

@MichaelKudrna *paid

@MichaelKudrna I also have them work a pair shift to see how they like us and how they fit with the team

Most restaurants hire anyone who shows up. Then complain about turnover My interview....I sell you on the job. Then I try to scare you off Best parts, worst parts.....all of it If you still want it after that? You'll probably make it The ones who opt out were going to quit anyway. I just saved us both 90 days

@OneManLBO @Dex96477375 Point of correction. Mortgage debt is recourse. The "good" old days of mailing keys back and walking away are gone.

@Dex96477375 Yes, and in some ways worse because of the unlimited personal guarantee and high existential risk for the biz (RE is at least hard collateral)

I have this view that small business buying has overshot its "golden peak" moment, in a similar way that real estate investing overshot when we moved from the 2010s into the 2020s Both movements mirror each other: unlikely everyday hero (usually disillusioned W-2 worker) takes action and creates wealth Success stories soon get distributed via online forums, Twitter, and podcasts, leading to broad popular movement and media coverage This is exactly what happened with the rise of the Bigger Pockets podcast in the mid-2010s. And then it came to halt when interest rates rose in 2022. And my sense is that it hasn't come back. Post BP implosion, my sense is that a lot of the RE crowd moved on to SMB ETA. This was primarily because (1) the commonly cited, much more attractive 3X-5X multiples in SMB, and (2) the perceived faster wealth compounding vs. RE (related to 1, and arguably glossing over the much higher risk profile) And then ETA got (more) challenging in the 2024-2026 period. More competition, heightened seller expectations. The thing is, ETA results lag given a typical 5-10 year (?) ownership cycle, and they're nebulous. With real estate, I think the range of outcomes is more narrow (rents cluster around the market rate, you can only control opex this much). So feedback in SMB is delayed. And my sense is that popular perception of the space is still gleaming white hot. I don't know when popular momentum will slow down. To the extent X is a leading indicator, I've already noticed a drop off in SMB content on my timeline, but who knows if this is due to the ever-changing algo. I also don't know what asset class is the next "thing". We may have achieved high levels of efficiency. There's no obvious next frontier. To be clear: I still absolutely believe in this asset class. These thoughts are more of a commentary on "what's popular and hot with the mom and pop crowd right now". We all know that the true OG acquisition entrepreneurs and operators will be successful, no matter what's popular or hot with the crowd today. They have always been, and will always be. They'll find a way.

Golden advice here *** Learned the same thing with discounts. 10% discount hits margin hard. Adding something like brownies costs a lot less.

@feelsdesperate If "tolerance" persists then I believe this will return en.wikipedia.org/wiki/Death_Wis…

There was a guy in my neighborhood who would go around shoving, slapping, spitting on, and screaming at people on the street. His preference was women walking with strollers or small children. There was a Facebook page dedicated to his exploits of which a couple dozen were documented. I don’t think he was ever arrested for any of this stuff. At some point he was finally arrested in midtown for something more serious and he finally disappeared. Anyways, this sort of thing has become more common in NYC the past few years, it wouldn’t have been tolerated a decade ago, and it doesn’t show up well in crime stats either because arrests aren’t made or because the crimes are pled down to nothing. People have a hard time articulating the sort of lower grade persistent social disorder that’s at issue: your neighbors aren’t getting shot or stabbed but they are being subject to low grade assaults, having things stolen, and all sorts of other little insults and injuries, of which some can occasionally be very serious. If you complain about permissiveness of low grade criminality and social disorder to libs they will roll their eyes at you but the failure to enforce order actually represents a huge technocratic failing, one that I consider to be disqualifying. There is a reactionary sentiment in the air and it’s not because people have been misled about what’s going on. It’s that they don’t like homeless people washing their genitals in the playground water fountain or shooting up on a park bench in broad daylight at 2pm on a Wednesday and other things like that. People know these things are unnecessary and don’t need to happen and the reason they are happening is because of a political program by Soros DAs and other like minded people that has the goal of intentionally immiserating the public in this exact way.

Waking up Monday on the sixth day of their mission around the Moon, currently on the far side over 252,756 miles away from Earth, the Astronauts onboard Artemis ll were surprised by a message from the Late Commander of Apollo 13, Jim Lovell, who died in August 2025 at age 97, but before he passed recorded a message for the crew which stated: “Hello Artemis II! this is Apollo astronaut Jim Lovell. Welcome to my old neighborhood. When Frank Borman and Bill Andrews and I orbited the moon on Apollo 8, we got humanity's first up close look at the Moon and got a view of the home planet that inspired and united people around the world. I'm proud to pass that torch on to you as you swing around the Moon and lay the groundwork for missions to Mars, for the benefit of all. It's a historic day, and I know how busy you'll be, but don't forget to enjoy the view. So, Reid and Victor and Christina and Jeremy, and all the great teams are supporting you, good luck and Godspeed from all of us here on the good Earth.”

@stevehunsaker1 @brianbeers Nah that's the Yelp ad guys and gals oh and the door dash /Uber eats misleaders too!

@brianbeers “Do you have 10 minutes this week for me to present you more factually incorrect marketing data, Brian?”

I have zero interest in attracting Groupon customers Also no way that 85% of people choose Groupon over Google….

@EstevanMariani No, part of the game. World is abundant place, it will come back around