Wade Capital

This is a very serious and unforgiving game that rarely rewards the diligent and punishes everyone else.

I’m noticing how stocks are pulling back from their morning pump except $AAPL. I’m betting the farm on its downfall next week. Bet: $310p 7/31 Hedge: $350c 7/31

Small bet on $GOOGL closing the early-April gap up by Monday

@Ekaeoq Clothes and cars have to be the biggest waste of time and energy

I never really understood wanting things. I never cared about cars, designer clothes, bags, expensive outings, or your general fancy shit, none of it really clicked with me and I always thought it was a huge waste of money. Until I found watches. I don't know if it's the aesthetics, the craftsmanship, the mechanical aspect of it, the fact that they stand the test of time and almost always outlive their owners, but there is something so magical about watches for me. I never really experienced this kind of appreciation for anything else, maybe furniture and good design, but nothing quite as fascinating as watches. I don't think I ever wanted something as consistently, or appreciated anything this deeply, unless it was a watch. What a weird obsession to have, huh?

As someone who has personally spent $500k / mo+ on Google Ads for years, I can tell you with certainty: This revenue growth in Search is artificial & extremely unhealthy for Google’s business long term Search volumes are declining as legacy search is being increasingly cannibalized by non-monetized LLM queries Google’s response? Manufacture revenue growth via short-sighted, highly extractive, customer-hostile tactics. I.e. charge advertisers more for lower quality clicks, including clicks they do not want and explicitly did not approve Google to charge them for A few examples to illustrate: For all of its history until recently, Google operated on a 2nd price auction model I.e. if you bid $5 CPC and the next highest bidder bids $1 CPC, Google charged you $1.01 for the click (one penny more than the 2nd highest bidder) rather than the $5 you bid This was a genius move by Google early on as it incentivizes advertisers to input their true maximum willingness to pay rather than trying to play the game of bidding low and constantly adjusting to try to stay just ahead of the next highest bidder while still not paying too much However recently, Google silently deprecated the 2nd price auction and began charging advertisers as much as their bid and budget caps allow, regardless of what anyone else is bidding It’s a short-sighted cash grab at the expense of the long term health of the advertiser ecosystem Making thing worse, Google also recently nerfed keyword targeting precision Google previously had precise keyword targeting settings that allowed advertisers pick individual search phrases to bid on, defined down to the character w/ exact match or phrase match targeting This was one of the core features that made search advertising magic, enabling advertisers to run extremely precise campaigns based on exactly what their target customer typed But now, even if you bid on a specific term or phrase using the strictest exact -match targeting settings, Google will show your ad across 1000’s of unrelated keywords, labeling them as as “exact match (close variant)” The definition of “close variant” means whatever they want it to and changes constantly. The result is advertisers get billed for clicks that are totally irrelevant to their business and that their targeting settings explicitly forbid Google from targeting. Google does it anyway and there’s no ability to turn this off So now exact match is broad match, and broad match is just meaningless spam This is all very bad for advertisers, but for Google, it allows them to show your ad and bill you for clicks across 1000x more searches that were previously going unmonetized (mainly because they’re garbage queries no one wants) This is how you grow revenue atop declining search volumes Lastly, and perhaps most egregiously, Google quietly stopped respecting budget caps by a factor of 2x. For example campaigns we’ve been running for years with $1000 daily budget caps suddenly began spending $2000+ per day And the extra spend is entirely on the garbage keywords Google arbitrarily throws in as “exact match (close variants)” which have no value to our business, but can’t be turned off Google offers no refunds nor any recourse for overspend or spend on keywords you explicitly did not target These are not the actions of a healthy business. These are the actions of company whose core business is in decline but desperately needs to pump quarterly earnings so Wall Street will continue to fund insane capex while hopefully looking through their rapidly deteriorating negative free cash flow Google operated a benevolent monopoly for the better part of 25 yrs Meaning the value Google captured from Search was but a small fraction of the value it created, and that spread produced a potential energy that justified expectations of high earnings growth far, far into the future This is now no longer the case At the alter of AI capex, Google is sacrificing the golden goose

@puppyeh1 You folks have been making the same argument for 3 years now like 100% of Google users are using some Ai chatbot. There’s 100M+ people who have never even heard of Gemini before

Anecdotal survey required- when was the last time you used Google search for…anything? Just speaking personally. I’m 100% AI, on literally everything that would have gone to Google search, say six months ago. Surely many others similar

@BrenzGarage And what’s the reliability issues for the electric units of the L460 & L461? Or are you just trolling?

Mannn we didn’t even get reliability down in the last generations electronics, we are cooked😂

@GusSaltonstall “Look at the grease Frankie. I got zits just thinking about the grease”

Cheesy Pizza, which has served customers on the corner of W. 100th and Broadway since 1991, appears to have permanently closed. The owner said the rent would nearly double from $20,000 per month, so he's done after 35 years. He was choking back tears.

@based16z Miami weather is horrible and there’s nothing to do outside water activities. Was born and raised in Broward County

@0xSyfer Nice try

Bottom

@StarPlatinum_ But the guy didn’t leave. In this case the girl skipped the process.

Watch here my take, follow me for more! x.com/starplatinum_/…

- you have 1500 followers - you've locked down your 10/10 girl - you spent 5 years together - but the soccer star from your country with 50 million followers wants your girl. - she dumps you in 2 weeks for Lamine Yamal - now he took her to the World Cup Competition was unfair.

@AutismCapital Billions of dollars worth of movies flop year in and year out and a few million couldn’t have been put towards maintaining and producing the original IMAX technology? I think it’s more to gatekeep the art as opposed to a ROI.

My father-in-law is a builder. He is insanely gifted. We were looking at an IMAX camera together years ago and I asked him what it would cost to build it today. I will never forget his answer… "We can’t, we don’t know how to do it.'"

@StonkChris Make it stop.

This market is about a 9/10 in terms of difficulty to trade right now. What’s leading one day or one week is getting hit hard the next. Rotation is happening fast, and chasing strength has been a losing strategy more often than not. Welcome to Chop Hell Summer 2026. For me, the only setups worth buying are low-risk entries after names have become completely washed out, like $IREN last Friday.

@OddStats “5’9”” “180-240” “Confident look”

A historically red day and the markets are up $SPY $QQQ

@GusSaltonstall “Appetizing”

Tal Bagels on the UWS received a staggering 157 violation points during a Health Department inspection on July 17. Violations included food preparation areas or food storage areas contaminated by sewage or liquid waste, and live roaches in the facility’s food or non-food areas.

@BoringBiz_ It’s the LINES more than anything else

Absolutely insane how social media has ruined restaurants in NYC Back in the day, you could simply walk around and stumble upon fantastic food spots Now, if you don’t have a reservation at least a week or two in advance, good luck finding a seat anywhere

@ethanrkho Studio setup looking good Ethan 👍

Hedge fund managers in their first 3 years beat the hedge fund index by ~8 points. This new fund is built entirely around that stat. Tyler Errickson (17 years in fund management | Co-founded the Ophir Global Funds: $2M → $1B+ AUM | Brant Point | Now founder & CEO of Riptide Advisors - the multi-manager betting on undiscovered talent, launched Jan 2026) "You're going to get discovered when you deserve to be discovered." We cover: - Why being a small single-manager has never been harder: the fund that met 46 investors, got 3 callbacks & 0 subscriptions - The flipped script: 10 managers chasing $10M checks vs. one platform raising $100M for all of them - The "optimal point of the alpha curve": why the hungriest managers are in their first 3 years - Ray Dalio's warning — "you're not building a 50-year business" in a pod — & why Tyler thinks PMs deserve an annuity on their success - Why fund founders spend 40–60% of their time on non-alpha work — and how Riptide absorbs it - Anti-screening: bring $250K, get on the field — the combine vs. game-film theory of talent - The 3-day bus tour from China to Vietnam with Ophir's Andrew Mitchell (22% net for 16 years) - Single A → Triple A → the majors: opportunities fund, market neutral, flexible equity, then your own fund - The $2M → $25M void: too small for seed checks, too slow through friends & family - How Riptide wins when you leave: GP stakes, 20% revenue shares & rights of first refusal Highlights: 00:00 Introduction 00:19 Building Riptide in a challenging environment for small funds 02:59 What is Riptide? 03:26 Two-sided marketplace: talent and capital 11:32 Sourcing and attracting talent 20:42 Screening process and X factors 27:20 Fund structure: opportunities, flexible equity, market neutral 35:09 Revenue share and strategic partnerships 42:09 Raising capital and allocator relationships 50:27 Core value proposition and closing thoughts

@driving_invest @Molson_Hart Surviving by not reporting any of the real data.

@Molson_Hart Wow, how is the economy surviving this?

We have the same labor force participation rate today that we had in May 2020, in month 2 of the pandemic.