kuba

We gave an AI a 3-year retail lease in SF and asked it to make a profit. The AI interviewed and hired full-time employees, applied for credit, and stocked the store with the books Superintelligence and Making of the Atomic Bomb. Visit Andon Market at 2102 Union St now.

This is my ideology

@based16z art of the deal

Running a 10% annual fee SPV into the OpenAI 17.5% guaranteed return

Billionaire Marc Andreessen says he has "zero" introspection, and that the idea itself is a modern invention.

he IS literally a painter

A powerful scene in the Odyssey happens when Odysseus finally returns to Ithaca after twenty years of war and wandering. You would expect the story to end with celebration, with the hero coming home, the family reunited, and order restored. Homer does something far stranger. Odysseus arrives disguised as a beggar, because Athena warns him that the palace has been taken over by more than a hundred suitors who have been living there for years, eating his food, drinking his wine, and pressuring his wife Penelope to marry one of them. They believe Odysseus is dead and in their minds the kingdom is already theirs. So the king of Ithaca walks through his own halls dressed in rags while the men stealing his house sit comfortably at his tables. They mock him, throw scraps at him, and one of them even strikes him, and Odysseus takes it. That is the remarkable part, because the same man who blinded the Cyclops and survived twenty years of disasters now stands quietly while strangers insult him in his own home. Homer tells us his heart burns inside his chest and that he wants to attack them immediately, yet he restrains himself and waits. Instead of striking, Odysseus studies the room carefully. He counts the men, watches their habits, and quietly observes which servants remain loyal and which have betrayed him. The hero of the Odyssey does something most people cannot do, which is delay revenge until the moment is right. Eventually Penelope announces a contest and brings out Odysseus’ great bow, declaring that she will marry the man who can string it and shoot an arrow through twelve axe heads lined up in a row. One by one the suitors try and fail, because none of them can even bend the bow. Then the beggar asks for a turn. The suitors laugh at first, but the bow is eventually handed to him. Odysseus takes it in his hands and strings it effortlessly. Homer says the sound of the bowstring tightening rings through the hall like the note of a swallow. Then he places an arrow on the string and sends it cleanly through all twelve axe heads. In that moment the beggar disappears. Odysseus turns the bow toward the suitors and reveals who he is. What follows is one of the most brutal scenes in Greek literature. The doors are sealed and the suitors realize too late that they are trapped inside the hall. Odysseus, his son Telemachus, and two loyal servants begin killing them one by one. There is no escape, no mercy, and no negotiation. The men who spent years consuming another man’s house die inside it. It is a violent ending, but Homer wants you to understand something important. The real danger to Odysseus was never just the monsters and storms on the long journey home. It was the possibility that someone else might take his place while he was gone. When Odysseus finally returns, he reminds everyone in Ithaca of a simple truth: a man’s home is not truly his unless he is willing to fight for it.

Went to a restaurant for my wife's birthday Not because I wanted to but because I didn't want to sleep on the couch again She picked it Nice place Candles on every table The waiter came over and said "can I start you off with something to drink?" I said "what's the markup on wine by the glass versus the bottle?" He said "excuse me?" I said "the Caymus is $42 a glass. There are roughly 5 glasses per bottle. That's $210 per bottle at the table. Retail is $85. What am I paying for?" He said "the experience" I said "the experience of a 147% markup?" My wife said "he'll have a glass of the Caymus" I said "I'll have water" She ordered the bottle I calculated the total cost per sip in my head and took everything I had in me to keep it to myself The entrees arrived My steak was $72 I said "what's the protein weight on this?" The waiter said "I'm not sure" I said "it looks like 10 ounces. That's $7.20 per ounce. USDA Prime ribeye at Costco is $17.99 per pound. That's $1.12 per ounce. You're running a 6x markup on raw protein." My wife put down her fork She said "it's my birthday" I said "and at these margins it's also theirs" She didn't speak for the rest of dinner The dessert was complimentary Best ROI of the night The waiter flipped around the iPad pre-populated at 30% I looked at it Looked at him Slid it to 0% Not because the service was bad Because someone needs to start standing up to the iPad guilt machines My wife grabbed the iPad and changed it to 25% She said "we are not those people" I said "we are now paying a 25% surcharge on a 6x protein markup inside a 147% wine markup" She said "happy birthday to me" I said "you're welcome" I've now been to a therapist, a realtor, a car dealership, a financial advisor, and a restaurant this month My wife has wanted to leave every single one I asked her in the car what she thinks the common denominator is She didn't answer She didn't have to Sent from my iPhone

If you ever want to get a billionaires attention Make their DM's your grocery list

@RiskOnPod I hope there are some pictures in there

The Risk On Network is growing. You no longer need to scroll CT for hours to know what's going on in the market. Introducing The Ponzi Times — a daily crypto market roundup, Mon-Sat, straight to your inbox. Brought to you by Risk On, published by our newest contributor @therealkorba with the @ThePonziTimes

I bet this guy would know how to ship 2,000,000 - $67/bbl - of A-Light through the Strait of Hormuz since it's now brings $100/bbl at the other end of the trip #OOTT

the market is in a rare, fragile state of balance that historically doesn't last long

@VoteLewko lmaoo

Happy International Women's Day everybody.

turns out the english major your parents warned you about was just early

Jane Street got accused of crashing terra, training the guy who crashed ftx, and suppressing bitcoin at 10am daily. Most firms would kill for that kind of resume

@fozzydiablo that looks good What are some good songs to listen to for someone just getting into music?

which fifa has the best soundtrack

Nicholas Britell composed the Succession (2018-2023) theme in pre-production. He combined a dissonant classical piano with heavy hip-hop beats to represent the clash between old-world power and the modern ambitions of the Roy children.

JUST IN: Chamath Palihapitiya makes a big claim that Warren Buffett’s insane pre 2000 returns may have benefited from access to information asymmetry not available to the public Here's what he had to say: "In 2000, we introduced the law called Reg FD. And what was the point of Reg FD? It was basically that if you're a CFO, you cannot talk to an individual stock manager and tell him something that you then don't tell everybody else. Essentially inside information. That used to be not illegal. I won't say that it was legal. I would just say that used to be not illegal. You call your CFO buddy, he says, "hey, how you doing?" He goes, man, "Quarter was a blockbuster." You would go and buy the stock. And starting in the 2000s, it became illegal. And there used to be these networks of information arbitrage that took advantage of this. Now, this is an example of Warren Buffett's returns, pre and post Reg FD. Now, what do you see? His returns were double the market returns when this kind of information sharing was legal. And the minute that it became illegal and you had to basically act on the same edge as everybody else, his returns went to the market return. He generated zero alpha. In fact, he probably on the margins lost a little bit. So this is the single best investor in the world. This is what happens when you have information symmetry. So it's just meant to explain that markets when there's asymmetry. Billions and billions of dollars will be made in asymmetry. The prediction markets today, unless they are regulated out of existence or shut down, will look like the stock market pre-Reg FD."

on a more positive note: bear mkts are the best time to find your group noone has time to make friends in a bull, the quality of convos is lower, everyone is a genius idiosyncratic thesis in bear is where hearts are won. groups want value-add - now is the time to prove yours