Anthony S

@Gautam__Baid Respect the honesty here. It takes skin in the game and hard lessons to find your way…doesn’t have to be this way, we can learn from others. But it might be the only way that really works. #TheJoysOfCompounding

@DrDiGiorgio Nice that someone has a multi step plan. Hard to wrap my head around putting all these people on legal holds…ERs already struggle with boarding and limited facilities to transfer out to.

Why has nobody articulated a plan for homelessness as well as this before?

@mukund Get at least 3 estimates.

We had to replace our roof. It was replaced 20 years ago or so. Got a person to come and give us an assessment first. It was Cedar Shake roof. Many parts of it were broken. Ok. The guy came and did an inspection. Said you need to replace. Estimated $47K. Ok. Went to my brother’s home in El dorado hills this week. He got an estimate for his home. Similar sized roof in terms of square foot. His estimate was $34K. California. Cheaper. Than. Washington. What? How ?

@ampdotxyz @coinbase @dannymccb @TyrantBroken .000843, what an asset for Coinbase 😝

How long have we been working with @coinbase? About 6-7 years. 😏 But seriously, shoutout to @coinbase for DOING THE WORK to push crypto forward. @dannymccb @TyrantBroken ethereum:0xff20817765cb7f73d4bde2e66e067e58d11095c2

@DellAnnaLuca I would assume from this that the effect is limited pricing competition.

You will never guess from this chart alone the year in which Barcelona stopped issuing new Airbnb and tourist-use licenses. (answer in the next tweet)

@lawsonhmansell @txmedai @NiskanenCenter Insurer could offer better rates to go into contract with the provider.

@txmedai @NiskanenCenter We are explicitly non-partisan and there is not much about this process that is determined by partisan politics. It’s mostly a fight between the affected industry players. I agree with all your points. The problem is that the arbitration process is increasing overall hc costs.

A Philadelphia neurosurgery practice did a brain diagnostic procedure for an out-of-network patient. Their insurance offered $2,660. An arbitrator instead awarded $333,000. The No Surprises Act facilitated this. For the last 2 years, @NiskanenCenter has been working to fix it.

@lawsonhmansell @NiskanenCenter It’s baseball arbitration. The arbitrators have to pick one (not something in the middle) and the low offer is insanely low. No question 333k is very high as well. Where are you citing this from?

@_joe_harris_ Wouldn’t be surprised if they start building their own.

Tesla says 56% of Optimus's cost is actuators. America manufactures almost none of them. Generational opportunity for builders in this space.

@runrobotrun_ @bowtiedstocks “Ladies, liquor, leverage…”

@bowtiedstocks Not a good look for Brett. The business has been doing fine and they’re clearly kicking goals. What is most concerning is Brett smelling his own farts thinking the stock is worth $13 a share right now and taking loans on that basis.

$KPG.AX Founder Brett Kelly now getting margin called I was always a little skeptical of the value the market was ascribing to this one, as flagged in earlier tweets Just look at transaction multiples for suburban accounting firms in the private markets afr.com/companies/prof…

@JordanBloch @DrDiGiorgio It’s not 50%. It’s more likely that one makes significantly less….or yes, needs to look at some retirement savings options.

@DrDiGiorgio Explain how you end up being the only couple in america to pay 50 percent in taxes

Finished our taxes and came to a realization: In a two-physician household, one spouse's income is entirely confiscated by the government.

@DrDiGiorgio No different in a one physician household.

@SayNoToTrading 18c/kWh living just 15 min from CA.

Even with $7 gas in California, you will only save $7 per year driving a Tesla $TSLA. Unless you want to drive 20 mins away, after 1 am, to sit in a parking lot and maybe get 35-40 cents kWh. If not, you are paying 48-57 cents kWh during normal times people live their lives. EVs are a total scam for fuel savings. Your savings are reduced maintenance costs, that’s it.

@gnoble79 You did not read is letter. Clear reasons for him closing fund and it does not include him wanting to give up on investing.

A $470 million Buffett disciple just closed his fund and declared stock picking is dead. This is literally the most BULLISH SIGNAL for active management I've seen in years. Guy Spier ran Aquamarine Fund for 28 years out of Zurich. Returned 1,186% since 1997. Won a charity lunch with Buffett in 2007. And he just gave up. His reason is that AI is making research obsolete. Everyone has access to the same data. The edge is gone. I've heard this EXACT argument before. In 1999, they said the internet eliminated information advantages. In 2007, they said quant models had solved investing. In 2012, they said passive indexing made stock picking pointless. Every single time, the obituary for active management was written at PRECISELY the wrong moment. Here's the data Wall Street doesn't want you to focus on: In the first half of 2025, 46% of large-cap active managers BEAT the S&P 500. Only 22% of small-cap managers underperformed their benchmark. That's the best showing for small-cap stock pickers in over two decades of SPIVA data. The moment everyone is giving up on active management is the moment active managers are performing BETTER than they have in years. Meanwhile, investors yanked $640 billion from active mutual funds in 2025. Passive funds now control 55% of total US fund assets. This is textbook contrary indicator territory. When money floods mindlessly into index funds, it creates the EXACT inefficiencies that skilled stock pickers exploit. Passive funds don't analyze balance sheets. They don't question management. They don't distinguish between a company trading at 8x earnings and one trading at 80x. They just buy whatever's in the index regardless of price or fundamentals. You can't call that investing. And I'm not done here yet: The Mag 7 stocks that drove the S&P 500 for two years are now spending $700+ billion annually on AI infrastructure with NO measurable productivity returns for most companies deploying it. As valuations continue to compress, passive investors own every single one of those overpriced names by default. Active managers can CHOOSE not to. That's literally a superpower. Spier said the Buffett-and-Munger approach of finding overlooked, high-quality companies at reasonable prices no longer works because "everybody is looking everywhere." With respect - no, they're NOT. Everybody is looking at the SAME 7 stocks. The same mega-cap tech names. The same AI narrative. Nobody is looking at small-cap energy companies trading at 5x earnings. Nobody is looking at commodity producers with fortress balance sheets. Nobody is looking at emerging markets trading at historic discounts to US equities. THAT'S where the edge lives. The best opportunities in my entire career have come when the consensus said a strategy was dead. Active management isn't dying. The lazy version of it is. And for those of us willing to do the work, ignore the noise, and think independently? We HAVE entered the GOLDEN AGE of stock picking. The herd is running in one direction. I'm going the other way.

Terrible idea. Want to really drop healthcare costs from unnecessary ER visits….only pass go if you are not actively intoxicated on meth or alcohol. The costs of addiction to those two substances and all the problems that come with it are thousands of visits to just a single ER.

Put ICE in every Hospital ER, and watch your Healthcare cost drop.

@MaryBowdenMD They didn’t take them….they were matched. Someone had to give them the spots as well. Not the students fault for being better candidates.

150 medical students from a single school in Pakistan just took residency spots from US medical students.

@lawsonhmansell There were close to 150 emergency medicine spots open when match was announced

Today is Match Day, which is a good time to remind everyone that thousands of qualified doctors will not match to a residency program today because we don't have enough slots. This bottleneck is driving our doctor shortage.

@morganhousel So you gave advil to a kid that didn’t need it? Have been seeing kids in the ER for years that do not feel better until their fever is gone.

You see the placebo effect in young kids. Give them Advil when they're sick and THIRTY SECONDS later they say, "It's working, I feel better."

@MachalaaAgent Still flexing because he’s showing he has enough money to dress however wherever

Steph curry worth half a billion dollars and notice how he dresses, no million dollar chains, no million dollar watches and cars. People with money don’t actually show off.👏👏

@DrGlorioso Do you reallly need the mammogram and ct if you are already getting the full body MRI?

I asked Claude to calculate my risk of not detecting late stage cancer in my lifetime by screening test added. He said it was 2-4% if I did whole body MRI (yearly), mammogram, pap smear, colonoscopy, Galleri, skin check, and lung CT (yearly). This compared to 15-20% risk in the gen pop without screening. This still sounded high to me so I asked how to get it below 1%. This is what he said: The EGD is the one most people overlook. It's the only way to directly visualize the esophageal and gastric mucosa, and it's standard screening in Japan and South Korea where stomach cancer rates are higher. For your remaining gap in stomach and esophageal cancer, it's more reliable than either Galleri or MRI. With all of that, you're probably at 1.5-3%. The reason you can't get to 1% is that the irreducible interval cancer risk and the imperfect sensitivity of every tool, even stacked, create a floor. Some cancers will always be biologically capable of evading everything we currently have. What would actually get you below 1% in the future: Multi-omic MCED testing with substantially higher Stage I sensitivity (the next generation of Galleri or its competitors), run quarterly rather than annually. Combined with AI-read MRI that catches things human radiologists miss. Combined with circulating tumor cell assays that are currently in development. Combined with cancer-specific methylation panels that go deeper than Galleri's broad 50+ cancer approach. The technology to get below 1% probably exists within 5-10 years. It doesn't exist today at any price point. Right now, the honest answer is that 2-3% is roughly the best you can achieve, and you'd be in an extraordinarily small group of people on the planet at that level of coverage. I might be adding EGD to my regimen and totally agree about multi-omic tests of the future. We all should be below 1% risk of missing late stage cancer. I think this is coming soon.

@HeroDividend I thought they earn on use not unpaid debt/interest? That’s my understanding why they are great businesses because they are not the ones taking on risk of unpaid bills. It’s the bank/company that sponsors the card that is taking on the risk and collecting interest.

@Jason Plenty of people to ride with if you need a buddy. Looks pretty tracked out already, scary but at least people around

What a horrible season… so many lost lives from one storm. When skiing alone this past week, excited to challenge myself in deep powder, I made my first mistakes: alone is no bueno I lost a ski in the deep powder and went down Was right in the area where I took these photos and videos the day before I wasn’t off the trail, but the trail wasn’t groomed — second mistake I quickly popped back up instinctually (3rd mistake) seconds later the snow gave way beneath me and I flipped over I was now in my back with only my head and one arm above the snow I was in a mini-panic as I had now shifted five feet closer to the tree line Tree wells are no joke and I was feet from them I slowly dug myself out Positioned my skis correctly and walked slowly to someone else’s tread marks Was exhausted, but fine Next year I won’t go out alone I will wear a beacon I will carry a shovel I will get avalanche certified I will stop being an idiot my life is fantastic, I’m loved, I have purpose and I want to ski until I’m 80 I will stop being an idiot