Conner V

@BTCsessions The Count of Monte Cristo

I've got a 4 hour flight tomorrow. Any movie recommendations?

Note the hand wave here. China’s quoted 10 year yield is for “onshore” borrowing. It’s an internal yield actively managed by the CCP and the PBOC. It’s a huge market now, on par with the UST. But, it has no external liquidity. It is just as likely a massive debt-fueled bubble as we’ve ever seen. By contrast offshore CNY bonds is a sub $500 billion market. One of these two countries is a big energy exporter, not borrowing to buy oil, but rather selling its excess. Luke making this equivalence here is really disingenuous. Both of these countries sell USD debt into the global market. One does it to encourage the use of its currency. The other does it because people want it. The borrowing spread between the two in international markets is negligible and very volatile. China isn’t the US’s adversary, and it won’t be our replacement, but it will have to become less mercantilist while the US becomes more so.

Ironically? That was the point dawg.

Ryan from the O.C. lacks objectivity. He’s emotionally committed to hating Bitcoin. Host @LynAldenContact on this topic for a fair, unbiased perspective.

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@fejau_inc “Where are the servers of Bitcoin located?” My house.

Oh no he went full Peter Zeihan mode It's over, max shorting Prof Jiang here

@coldhardsats IMO it really depends on your alternative options. In AK my alt options are ~$190/mo for garbage, so Starlink is great. In Boston gigabit fiber was $65mo, so I wouldn’t have used Starlink there

@coldhardsats Ya it’s great for me. Every couple hours there’s a short period, maybe 30 secs, where theres latency. Maybe a satellite handoff or something, but I think that’s unique to AK. I don’t play video games or power use. Just streaming which buffers so I don’t even notice.

Anyone using Starlink Residential? Our WiFi has gone down twice in the past 3 weeks and looking for a better, more reliable alternative

haha great take In Hawaii we have folks who have "cracked the code" PNW from late spring to fall, Hawaii the rest of the year

Oh? You mean that Iran isn’t going to make $200 billion a year off tolls, making them the winner and new regional overlord, like so many of our experts/pundits asserted? Really shocking stuff.

Turns out former 5th fleet admirals know what they're talking about, and you can just listen to people who spent all their lives on one topic and learn the important details instead of getting berated by low IQ Pakistanis on here.

The Industrial Revolution would not have happened if it had begun amid our current institutions, political economy, and level of regulation/procedural roadblocks aka “democratic input.” This is among the starkest challenges facing Western society today, though uncouth to discuss.

It's great to see all the respect for Murray Stahl on here. An excellent example of an investor who did not chase hot dots of growth, but instead built a hugely successful business simply taking his own view of the world and markets seriously.

Murray Stahl passes and TPL goes down $4.8B in market cap yesterday. Murray owned TPL since the 90s. I met Murray some years ago as we were on a flight going to the same conference at Blackberry Farms in Tennessee. I looked across the aisle and there was a man reading a book called “Neither Friend Nor Foe: The European Neutrals In World War II”. My grandfather had a great saying: "always meet someone whom a book or a question introduces you to". So I introduced myself and we started one of the most interesting conversations I had had in years. I learned a ton. I had lunch with Murray once and asked him “how do I improve as a portfolio manager?” and he said “you have to Pareto Optimize your portfolio.” and he proceeded to explain that you needed to analyze and use criteria to force rank the 20% of your ideas that you believed would potentially generate 80% of your profits and size those more aggressively. Then you needed to identify the 20% of your ideas that you believe were potentially 80% of your losses and get out. Murray was versatile as a value investor. Just a few examples of his calls which showed his analytical wingspan. He was talking about owning Bitcoin in 2015 when the price was ~$300. Murray begin to speak about the SBC problems in tech (must read for today's issues in certain stocks. "THE SOCIOLOGY (AND TIPPING POINTS) OF STOCK COMPENSATION" is the memo) back in December of 2020, a reality that most investors have not even woken up to TODAY. Deepest condolences to the @horizonkinetics team. Thanks for teaching a generation of us, Murray. Wherever you are, the people there are improving, as are their returns. May your memory be a blessing. I know for me it will be.

@JackFarley96 @HorizonKinetics Wow, shocked. Big follower of Murray for the past 5 or so years. One of a kind

WOW. Rest in peace to a an absolute investing legend. Murray focused on generating returns rather than raising money. Brilliant guy. My condolences to @HorizonKinetics

@AlexSlezak @LukeGromen If stablecoins are a $10T market in 5yrs and authoritarian regimes lose control of their populace bc their populace opts into tokenized USTs that the regime can’t steal or debase, would you consider that a weak spot?

@LukeGromen Suez Canal moment? The weak spot of the USA (treasury market) has definitely just been exposed for the world to see.

Purported Iranian statement on the two-week ceasefire 🤔

米軍の仲間は絶対見捨てない精神はマジパネェと思う

It’s actually pretty scary how well Iranian propaganda is working on US citizens. Some of these people are just eating up anything the IRGC says without question.

It’s actually unbelievable how much the Western pundit class want the United States to lose to a blood drenched third world jihadist dictatorship.