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@ivanburazin Well this clearly isn’t Salesforce then. Or it’s Salesforce and they are making shit up. Big gap between intention and execution capability.

Recently met the head of product at a SaaS with a $100B+ market cap. They're building a headless version of their flagship product specifically for agents. Not the cloud version with a UI. Actual infrastructure level APIs that agents can call programmatically. Imo, this is a far more accurate evolution of traditional SaaS than the current SaaSpocalypse BS.

@NickNemo17 You laid it out well. There are many layers to the shell game that keep it all moving.

@AsyncCollab lol yes. I hope more people see the “adjusted EBITDA multiple” like and know. Could’ve laid that out better

TLDR: I am a recovering alcoholic with no fund, no credentials, and no lobbyist. I rebuilt myself from nothing. Then I broke into finance with no degree, no pedigree, and no permission. I parsed SEC filings for a $31.5 billion private credit fund called Cliffwater. Not because anyone asked me to. Because nobody else would. The filings are public, but they are buried in footnotes that are not indexed, not searchable, and not structured for analysis. I have been told by fund managers that nobody even attempts this. Billions of dollars in pension capital, and the people who manage money for a living do not bother to read the filings. So I read them. Every loan. Every amendment. Every semi-annual PIK disclosure. 2,330 positions. I hand-researched fifty. I found 189 loans where borrowers are paying interest with more debt instead of cash. I found over 50 loans that are not generating enough cash to service their debt at all — carried at par on the books of a fund that has never reported a losing month in 41 months. The fund's Sharpe ratio is 3.75. Bernie Madoff — who was fabricating returns and could pick any number he wanted — ran a 3.5. He got caught because the numbers were too smooth by Markopolos. The greatest quant fund in history, Renaissance Technologies, runs a five or six. Cliffwater is claiming risk-adjusted returns that would be impossible even if you insider-traded with perfect information every single time, because the volatility of the underlying markets would still prevent it. Nobody asked questions. Bloomberg confirmed 14% redemptions 48 hours after I published. S&P cut the fund's outlook to negative this week. Cash on hand fell 76% in six months. This is not an isolated fund. This is the structure. $9.4 trillion in private equity. $3.5 trillion in private credit. They all pay their own valuation agents. The valuation agents decide what the funds are worth. No valuation agent has ever been fired for saying the number was too high. The marks produce the NAV. The NAV produces the fees. The fees come from pensions. The pensions come from firefighters and teachers and nurses in Oregon and California and Illinois who will never read a private placement memorandum in their lives. Wall Street ran out of rich people. The endowments were full. The sovereign wealth funds were tapped. So they went downstream — to 401(k)s, to retirement accounts, to interval funds sold to people who have no idea what they own. 1. Direct the SEC and FSOC to examine Level 3 fair value practices across interval funds and BDCs. 2. Require that valuation agents be independent of the funds they mark. 3. State publicly that the current self-marking regime creates systemic risk. 4. Mandate position-level mark disclosure for every fund that accepts pension capital. There are two ways this ends. It breaks all at once like 2008 and we fix it. Or it rots slowly like Japan: one fund blows up, six weeks of quiet, another one, and nobody connects it for a decade while a generation of retirees gets destroyed. I am not asking anyone to take my word for it. I am asking them to read the filings. If you know someone in the administration, a regulator, or anyone on a legislative committee, please send this to them. One person learned this from a one-bedroom apartment. Your government can too. The will is what is missing.

@Tim_Walz Tim Walz the fraudster, go to jail you fat little bitch.

The White House is cutting off $250 million for Minnesotans health care.

@EnergyPeddler Always were.

Jesus are we really about to send WTI back into the 80s

@zerohedge Yeah, they had to dump their long oil positions.

"5 Sigma Event": Market Flush Arrives As Long-Only Funds Sell Most Stocks On Record zerohedge.com/markets/flush-…

@jeanmarc7880909 @GoUncensored @aa_taqi No. They couldn’t. Because they didn’t.

@AsyncCollab @GoUncensored @aa_taqi They could have definitely built one. Its not a secret how its done. Big mistake not doing it because Israel attacked anyway.

The average Iranian IQ is 105. This means some of their scientists have IQ’s in the 140’s and 150’s. Robert Oppenheimers IQ was 120. If Iran wanted nuclear weapons they’d have them.

@jworl36 @PearceBurner @LMcQueen33 @pashadelics I’m American fucking retard. Don’t give a fuck about whatever the fuck a Zionist is. Fuck off you Muslim loving cunt.

@PearceBurner @AsyncCollab @LMcQueen33 @pashadelics These Zionist bots act like stealing oil andbombing countries to steal resources and install banks is an acceptable way to operate Absolutely incredible. They literally debate on points and hay don’t even exist. It’s completely satanic and other worldly

The USA is 250 years old this July and instead of launching a Lincoln/FDR scale rejuvenation of the country for another 250 years of glory, has instead chosen to vindicate every theorist of cyclical history by self-detonating the empire right on the semiquincentennial mark.

Your source of proof is they potentially managed to force 1 F-35 to make an emergency landing. Didn’t blow it up or down it. Do you hear yourself? So the example of Iran winning is one maybe hit plane and a few missiles out of thousands hit some targets. That’s so far below the bar of any pre-war barometer or expectation. But now it’s the high bar example of overwhelming US failure? You’re beyond explaining to, you’re willfully ignorant. The Strait isn’t hard to shut down for anyone in the region. The threat of a random missile or drone getting through is enough to warrant companies to take caution and protect their investments, like no shit man? You’re here at week 3 with an Iranian military that effectively doesn’t exist as a centralized force across all branches, no air defense with dozens to hundreds of leadership from the top down just completely decimated. But they’re winning.

@AsyncCollab @PearceBurner @pashadelics I’m not the one trying to say the war is over and won when everything is on fire and we have no idea how to open up the straight. Where am I wrong? You even going to try to explain yourself lol No you can’t

@InsiderGeo Well actually, you can talk however you want. If your point was valid you’d contend to Japanese they can’t talk to Westerners the same way you talk to other Japanese.

People often don’t realize that you can’t talk to Asians the same way you talk to Europeans or Westerners. There’s a cultural expectation that historical context, respect, and subtlety are treated differently what might seem casual or humorous in the West is deeply offensive in Japan, In Japan, context, respect, and subtlety guide almost every interaction. Unlike in many Western countries, where directness is valued, Japanese communication often relies on reading between the lines.

@LMcQueen33 @PearceBurner @pashadelics lol you should hear yourself because you’re absolutely unhinged and it’s hilarious. But you’re also unserious and I can’t keep wasting my time, good luck.

@AsyncCollab @PearceBurner @pashadelics Oh phew I thought the straight was still closed. They hit an f35 this morning dumb fuck. That’s the first time that’s happened. We don’t even own the skies evidently.

@NapoleonBonabot The world realignment is accelerating. Once you see that your alliance’s air defense systems are basically target practice, you start to rethink things a bit.

The end of the Russo-Ukrainian War and Russia aligning with the US to isolate China is nearing

@LMcQueen33 @PearceBurner @pashadelics You’re insane to think militarily this is going any way other than complete domination. Literally less than functional level of retardation.

@AsyncCollab @PearceBurner @pashadelics Imagine believing this is going well for the US

I haven’t been reading all of the replies I receive. I’m not intentionally ignoring anyone and my statement stands on its own. To your specific claims, I disagree with your premise fully. Dumping Israel would be a prudent long term move, stupid in the immediate term as they are a strong ends to a means in the region. You can claim whatever you want about what the goals were or are in this Iran conflict. It doesn’t matter. The reality is that there is no military peer on the planet. Russian and Chinese systems can’t handle our air power. Between Venezuela and now what will be the outcome in Iran, the US has the strongest grip on oil and gas it’s ever had and exposed how dependent so many other countries are. So yeah, we’ve demonstrated the gap in our military might that so many were erroneously questioning based on self-stated claims by China and Russia of what their equipment can do (apparently they lied) and we put it to use in limited engagements that strategically will pay off massively in the coming years and decades.

@LMcQueen33 @AsyncCollab @pashadelics I noticed that he hasn't responded to anybody, curious!

@WSJ Better ask your ex dude. Shit, sorry, she donated it all to causes that are actively trying to extinct you.

Breaking: Jeff Bezos is in talks to raise $100 billion for a new fund that would buy manufacturing companies and use AI to automate them wsj.com/tech/jeff-bezo…

@Frances_Coppola America is clearly entering a new phase of unprecedented global supremacy. You’re just too stupid to understand it.

Empires fall suddenly. And what follows is not a new world order, but decades, even centuries, of chaos.

@amitisinvesting To some degree, they’re believing it because oil is holding within this range despite the war seeming to be dragging this week along with some escalation.

TRUMP: - IRAN REGIME WILL COLLAPSE BY ITSELF - IM NOT PUTTING BOOTS ON THE GROUND - I TOLD NETANYAHU TO NOT ATTACK OIL FIELDS AND HE WON’T ANYMORE - EVERYTHING WAS GOING GREAT, I HATE THAT I HAD TO MAKE AN EXCURSION, BUT IT HAD TO BE DONE Oil is $2 below $100 now. Markets just aren’t fully believing him anymore when he says things will end soon.

@Birdyword Your hypothetical is retarded from the start because they absolutely do not believe the US is a decaying power. Clearly you do though. Loser mentality.

I have no particular defence and intelligence insight here, I just always wonder: if you were a risk-averse Chinese policymaker who believed that the US was currently a decaying power, flailing both at home and abroad, would you lean towards rolling the dice, or waiting?

@KILLTOPARTY The only thing disgusting here is her admission that she hasn’t even brushed her skank teeth yet.

Men look at every woman they pass. It means absolutely nothing.