George Michalopoulos รีทวีตแล้ว
George Michalopoulos
534 posts
George Michalopoulos
@Leonidas_Cap
@TyphonCapital, Leonidas Funds PM
เข้าร่วม Haziran 2013
3K กำลังติดตาม554 ผู้ติดตาม
George Michalopoulos รีทวีตแล้ว
No I think the more likely need is more efficient compute and believe the market will provide it. The greatest opportunity in the world right now is for someone (probably outside the US) to undercut the hyperscalers with a more efficient model or chip that leads to overcapacity.
Chief Nerd@TheChiefNerd
🚨 JENSEN HUANG: “The amount of energy that we need for computing is probably 1,000x more than we currently have.”
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@amendandrevise @greg_price11 Let's put this in terms you can understand. You know how you don't find it impressive when trust fund kids get rich because their parents just give them the money? Yeah, this is like that, but replace parents with the state.
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@greg_price11 Yeah man, total disaster:
Fixed a $12B hole
Got $8B from the state
Didn’t miss pension payments
Taxed billionaire crash pads
Balanced the budget and funded services
Absolute chaos.
Real “ran out of money” vibes.
GIF
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He did it by receiving an $8 billion bailout from the state and deferring pensions for retired city workers.
In true socialist fashion, he needed to be saved after running out of other peoples' money.
Mayor Zohran Kwame Mamdani@NYCMayor
When we came into office, we uncovered a $12 billion budget deficit. Today, I’m proud to say we brought it down to zero. We didn’t close the gap on the backs of working people. We closed it while funding parks, libraries, safer streets and making historic investments in public housing. Call it Pothole Politics. Call it Democratic Socialism. It's government that delivers for the people who make this city run. That’s what New Yorkers deserve. And that’s what we will keep fighting for every single day.
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@matthewstoller Eliminating the right tail outcomes with excuses as to why they are flukes/disqualifying and then evaluating the rest of the distribution? Lol.
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@davidaxelrod @POTUS "Trump is epically unpopular with two-thirds of the country and is an albatross to any Republican in a swing state or district."
Uh-huh.....
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When people ask why so many Rs in office stick with the @POTUS, even when it means opposing their long held positions/principles, Indiana's results provided the answer. Survival.
Trump is epically unpopular with two-thirds of the country and is an albatross to any Republican in a swing state or district. But he maintains the unwavering allegiance of his base and the threat to use it as cudgels against any apostates in primary elections.
That's why following through on his retribution threat against Indiana state senators for having the temerity (and courage) to oppose the extraordinary, mid-decade re-districting he demanded was so essential to the WH.
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George Michalopoulos รีทวีตแล้ว
@code4scale @WSJ greed and entitlement to seek a higher wage at a better paying competitor. give me a break.
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LIV plans to tell players and staff by Thursday that Saudi Arabia’s Public Investment Fund would end its funding for the upstart league. But the PGA Tour isn’t yet ready to welcome back those who jumped ship. on.wsj.com/3OVF13Z
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George Michalopoulos รีทวีตแล้ว
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@SaltmanJosh @AriFleischer Check your own post before you come at me 👆
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Tonight is a good night to repeat what I said last August when Texas started this mid-cycle redistricting chain reaction.
Politics has to be more than a power grab. By either party. There have to be rules that everyone follows. Otherwise, it’s all about power and pretty soon there won’t be much left that holds our nation together.
Ari Fleischer@AriFleischer
I want to win 5 more seats in the House. But mid-census change in Texas is not the way to do it. Even politics must have rules. Gerrymandering should be done once every ten years - by all states. Otherwise, there are no rules and it’s the equivalent of all- out, political wars all the time - simply to gain power. No state should gerrymander until 2032, including Texas. It’s fair to everyone this way. Even politics should be conducted in a fair manner.
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@colemarabito @TXMCtrades How would you be able to judge his economics grasp unless you yourself know economics deeply, like, say an economist would? This is the problem with online discourse. People have opinions on expertise without any themselves. You see how that seems crazy?
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@TXMCtrades i agree
what specific holes in his economic understanding? he seems to have a pretty impressive grasp
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@CaptainGrouper @robertwiblin @EgeErdil2 It's not just the money, it's also the developer eco system and global leverage of controlling dominant eco system. I don't think he did a great job making his argument, but it's not the weak or contradictory one people are making it out to be.
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@robertwiblin @EgeErdil2 Like he basically said... They are ready to pull ahead using system scaling.
The part people are missing is the products ecosystem that ties them to the NVDA cuda system. Otherwise, the US loses the money and sales which mean less money to develop.
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If you're Huang why do you go on Dwarkesh and have your transparently self-serving and self-contradictory arguments exposed so clearly?
I don't get what the upside is.
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@DAlperovitch @Aces_W120 Your own point here undermines the implication that it's about cynical greed then - since he could just sell them all to US companies since the demand is there. This gives more credibility to his strategic dependence and open source bigger tent arguments.
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@Aces_W120 Yeah, clearly Nvidia is hurting badly and their ticker is about to get delisted. Laughable. Literally every hyperscaler is saying they can't buy enough Nvidia chips but he wants to sell them to China
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Incredible interview with Jensen. He blatantly admits that his jihad against export controls is simply all about Nvidia selling more chips worldwide, not about national security or winning the AI race against China (which he previously said doesn't even matter if we win)
Dwarkesh Patel@dwarkesh_sp
The Jensen Huang episode. 0:00:00 – Is Nvidia’s biggest moat its grip on scarce supply chains? 0:16:25 – Will TPUs break Nvidia’s hold on AI compute? 0:41:06 – Why doesn’t Nvidia become a hyperscaler? 0:57:36 – Should we be selling AI chips to China? 1:35:06 – Why doesn’t Nvidia make multiple different chip architectures? Look up Dwarkesh Podcast on YouTube, Apple Podcasts, Spotify, etc. Enjoy!
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@FloridaManV @BewareOfWombat @afneil Or just dumb - common around here. Opinions on things they have absolutely no education about other than their feed slop.
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Ukraine is victim of an unprovoked invasion by a barbaric totalitarian killing machine. And the VP of the USA says he’s proud not to be helping it. Immoral, callous charlatan. Let’s hope we never hear of him again after 2028.
Republicans against Trump@RpsAgainstTrump
JD Vance: Stopping funding for Ukraine is one of the things I’m proudest we’ve done in this administration.
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George Michalopoulos รีทวีตแล้ว
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No, not fully. The specific claim of Filatov buying a 4M euro house in Italy (paid via QIV Trade LTD) has no confirmation in news reports, declarations, or records. QIV Trade was an old BVI offshore he owned 2009–2016 (per Pandora Papers) before transferring to his daughter; no link to recent Italy deals. His wife rents a Milan apartment (declared 2024–2025).
His wealth is real and declared: low official salary (~$800/mo equiv.), but pre-politics business assets include multiple Ukrainian properties (30+ objects), Japanese art (~50M UAH), luxury cars/motorcycles, a sailboat, and he sold a helicopter in 2024 for ~35M UAH. He's a known wealthy ex-businessman.
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It's hard to believe!
Filatov, the mayor of Ukraine's Dnipro city and Zelenskyy's friend, bought a house in Italy for 4 MILLION euros during the war.
Payment was made through the offshore company QIV Trade LTD.
Filatov's official salary, as declared - $600.
He also owns:
- More than 20 luxury properties in Ukraine
- 14 luxury cars: Mercedes, Jaguar, and Porsche
- A helicopter
- A sailing vessel
- A collection of Japanese art, antique cars, premium watches, jewelry, diamonds, and emeralds
AUDIT UKRAINE!
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George Michalopoulos รีทวีตแล้ว
Ukraine has signed a 10 year security agreement with many Gulf countries to defend their key infrastructures from drone attacks and train their forces in exchanged for funding and air defence assets.
Great deal...
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George Michalopoulos รีทวีตแล้ว
The vast majority of the “dislocation between physical and paper barrels” is very simply extreme backwardation, meaning the steep premiums for spot deliverable barrels (as BBG referred to them today, ASAP barrels) relative to later-dated cargoes.
Crude futures curves have experienced record prompt backwardation (prompt premium to second month), and that steep backwardation keeps extending through to spot physical prices, which are even nearer term deliverable than prompt futures (WTI trading May atm, Brent trading June)
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George Michalopoulos รีทวีตแล้ว
The authors estimate that the tariffs implemented through November of 2025 can explain the entirety of excess inflation in the core goods category and contributed to a 0.8 percent boost in core PCE prices through February 2026. federalreserve.gov/econres/notes/… #FEDSNote
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