Sean MacIntyre

@KobeissiLetter Venezuela has the world's largest oil reserves, massive gold deposits, among the hemisphere's biggest iron ore deposits, vital bauxite, nickel, rare earth minerals, coltan for EV, ample natural gas. The country is the ultimate strategic prize in the new Cold War in 2026 & beyond.

@AprilMac My particular flavor of neurodivergence: I would do this once and then never do it again, with most of the things I organized going bad along the way.

Paging @spmacintyre

gold is overvalued right now

@TSnowblowe77 @michaeljburry Dude your posts in this thread read like they were written by AI.

@michaeljburry AWS's reversal, Meta's exclusion of AI hardware, and Oracle's contract-matching approach show sophisticated management of mixed infrastructure lifecycles.

Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era. Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment. Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028. By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.

Hey, @OpenAI , I think you ought to know: GPT-5 is not very good.

POWELL: I WAS GOING TO CUT BUT TRUMP CALLED ME STUPID SO I DIDN’T DO SHIT.

@LynAldenContact National governments and large corporations manipulating its supply.

What do you think is the biggest structural risk to Bitcoin over the next 5-10 years?

@hankgreen Direct marketing, pitching-a-home-steak-delivery-service kind of logic

Populism is a hell of a drug.

If the market keeps falling, it'll be the crash absolutely everyone saw coming.

Yesterday I began playing Investopedia's trading simulator to prove a point about passive investing versus active trading... But one day in, after making 0.02%, I'm already doing better than 68% of traders... Proving for the millionth time that most people just shouldn't trade.

(Update) It already looks like tariffs have been delayed a month again. If it's one thing markets love, it's this "will he or won't he" uncertainty!

So what to do? - Buy electronics now while they're cheap. - Invest in safe, dividend paying stocks. (Healthcare and Utilities might be worth looking into.) - Consider picking up some of your inflation hedge of choice (I like gold & silver, but you do you!)

Over the weekend, Trump levied tariffs against Canada, Mexico and China which will affect 43% of U.S. imports, approximately 5% of GDP. Trump told Americans to brace for "some pain." So what "pain" should we expect? A thread...

Case in point:

- Pricing is messed up. Spoke to wealthy Tesla owners who agree that many of the subscription features just aren't worth it at current prices. - I literally live near several Cybertruck owners and I can see them starting to rust! Cool car, sloppy workmanship!

Was asked why I don't recommend Tesla in any of my reports. Oversimplistically: - Revenue sideways for 2+ years (where's the growth going to come from?), EBIT down. - How is it going to compete with cheap Chinese EVs? Literally every other automaker building EVs? (cont.)

But! The company's price has a history of dipping a LOT. The next dip? Who knows. Might be a good opportunity if the valuations start making sense.

All that said, I WANT Tesla to do amazingly well. I don't have a political axe to grind: The Model S is literally my dream car. I'm a firm believer in the company's mission. The valuations just don't make sense, though, and I couldn't recommend it except as a pure speculation.

Investing is all about balancing risk and reward. I see lots of risks, not a lot of rewards for the foreseeable future. (I'm sure this stock is fun for people to trade, though.)