Frank Fumarola

@rexsalisbury Schwab offers cash sweep which is market rates, I wonder how many large brokerage accounts with idle cash that aren't leveraging it.

Schwab pays ~20 bps on cash. Wealthfront pays 330 bps. Schwab keeps 290 bps. Wealthfront keeps 60 bps. Craziest part -- both have ~36% net income margins. The ops heavy, extractive incumbent model and the tech powered client-aligned model converge at the same profitability. NIM is dead. The incumbents just don't know it yet.

@EDMIRE2k @Cartidise

@Cartidise Last year Google Maps tried to drive me and my gf into a river. Straight up just sent us to a dead end of a road leading to a river and just told us to keep driving straight through the river (I guess a bridge used to be there)

Google Maps > Apple Maps It’s not even close.

@jasonfried Moved into house w/ hodge podge of smart tech. URC remotes were the worst. Awful design, must be official dealer to access the software to program remotes (necessary to change inputs, sequences, etc). Social engineered getting the software, but awful experience

THE BIG REGRESSION My folks are in town visiting us for a couple months so we rented them a house nearby. It’s new construction. No one has lived in it yet. It’s amped up with state of the art systems. The ones with touchscreens of various sizes, IoT appliances, and interfaces that try too hard. And it’s terrible. What a regression. The lights are powered by Control4. And require a demo to understand how to use the switches, understand which ones control what, and to be sure not to hit THAT ONE because it’ll turn off all the lights in the house when you didn’t mean to. Worse. The TV is the latest Samsung which has a baffling UI just to watch CNN. My parents aren’t idiots, but definitely feel like they’re missing something obvious. They aren’t — TVs have simply gotten worse. You don’t turn them on anymore, you boot them up. The Miele dishwasher is hidden flush with the counters. That part is fine, but here’s what isn’t: It wouldn’t even operate the first time without connecting it to an app. This meant another call to the house manager to have them install an app they didn’t know they needed either. An app to clean some peanut butter off a plate? For serious? Worse. Thermostats... Nest would have been an upgrade, but these other propriety ones from some other company trying to be nest-like are baffling. Round touchscreens that take you into a dark labyrinth of options just to be sure it’s set at 68. Or is it 68 now? Or is that what we want it at, but it’s at 72? Wait... What? Which number is this? Worse. The alarm system is essentially a 10” iPad bolted to the wall that has the fucking weather forecast on it. And it’s bright! I’m sure there’s a way to turn that off, but then the screen would be so barren that it would be filled with the news instead. Why can’t the alarm panel just be an alarm panel? Worse. And the lag. Lag everywhere. Everything feels a beat or two behind. Everything. Lag is the giveaway that the system is working too hard for too little. Real-time must be the hardest problem. Now look... I’m no luddite. But this experience is close to conversion therapy. Tech can make things better, but I simply can’t see in these cases. I’ve heard the pitches too — you can set up scenes and one button can change EVERYTHING. Not buying it. It actually feels primitive, like we haven’t figured out how to make things easy yet. That some breakthrough will eventually come when you can simply knock a switch up or down and it’ll all makes sense. But that's at least 20 years down the road. It’s really the contrast that makes it alarming. We just got back from a vacation in Montana. Rented a house there. They did have a fancy TV — seems those can’t be avoided these days — but everything else was old school and clear. Physical up/down light switches in the right places. Appliances without the internet. Buttons with depth and physically-confirmed state change rather than surfaces that don’t obviously register your choice. More traditional round rotating Honeywell thermostats that are just clear and obvious. No tours, no instructions, no questions, no fearing you’re going to do something wrong, no wondering how something works. Useful and universally clear. That’s human, that’s modern.

@pitdesi Other comments hit on this but: 1) comorbidities / reverse causality (i.e. illnesses or medications that lower RHR but increase mortality) 2) mixing of age and risk profiles Take a young(er), healthy, non-medicated group and RHR will show a more linear relationship w/ mortality

My data on this is wild. I’ve been micro-dosing Ozempic for 9 weeks (0.25 mg/week). I’ve loved it… I normally have a ton of food noise (thinking about the next meal, etc), and that’s completely disappeared. I’ve mostly stopped overeating and dropped ~5 pounds I wanted to. I was planning to keep going… but my resting heart rate is up 15 BPM (~70 → 85). No other side effects- sleep, energy, and mood all feel great, but it’s enough to make me pause. Anyone else have a similar experience? What did you do? I’m planning to try Tirzepatide.

@rabois @StephenSmithOBX @Nugget_Trades Not a tear will be shed

@StephenSmithOBX @Nugget_Trades no we are capturing it. agents will not exist.

BREAKING🚨: @rabois confirms agent partnership is gone! The middleman model is dead — direct-to-consumer is the future. $OPEN leads the way!

@pitdesi @BrodyMulderig No idea if related but I saw something recently that glp-1s reduce heart muscle size, which seems like it could impact RHR?

@BrodyMulderig Wow wtf It started climbing when I started taking it and then it fell the last couple of days because I took a dose 2 days late Hard to tell re sleep because I’ve been traveling.

Fastest probably not the best! I got typhoid in 2006. I lost ~13% of my body weight in 2 weeks (125-109 lbs) Been micro-dosing ozempic (0.25mg/wk) as an experiment the last few weeks. Lost ~4 lbs (from 135 lbs), my excess snacking mostly went away, feels good so far.

@Clara_Gold lol, sent a couple of screenshots to a couple of friends. one, who hadn't heard of Gigi, first response? "what tf is this? I need <mutual friend>'s scores to know how i stack" so, spot on observation!

Funny how Gigi’s launch revealed the most classic gender difference: – Men: “Where do I rank?” – Women: “Who am I emotionally aligned with?”

@NikMilanovic This is pretty much the best visual example of shipping the org chart that you could imagine

this login is really just unhinged

@juhakall @TransluceAI This will be the plot of a romcom at some point. Please share the screenshots!

@TransluceAI My mother sent Grok a dinner invite mistakengly instead of me, then Grok accepted the invite and suggested a time to be picked up from a nearby location in town! After a few dialog turns when she got curious.

We tested a pre-release version of o3 and found that it frequently fabricates actions it never took, and then elaborately justifies these actions when confronted. We were surprised, so we dug deeper 🔎🧵(1/) x.com/OpenAI/status/…

Did @OpenAI turn on "reddit reviewer friend" mode? Starting today my responses are all full of emojis, profanities, and just informal writing generally. (Cleaning out basement and told ChatGPT I will give it model names and I want to know what it is and if it's still relevant)

@maiab Lifetime fitness is a luxe version of this. Same deal with our kids wanting to stay, and the kids have classes too. Art, music, gymnastics, yoga, puzzles, etc. At least near me, facilities were much much nicer and less crowded than the Y.

ok did y’all know about the YMCA????? I feel like it’s the most incredible institution that has ever existed! - $160/month for our 4 person family - they will WATCH YOUR CHILDREN FOR FREE (up to 90 minutes per kid, up to twice a day) - gym + fitness classes (free with membership) - gymnastics classes for the kids (cost extra) - 14 locations in San Diego plus you can go to any nation-wide - stunning outdoor pools heated to 85°, plus indoor pools - outdoor splash pads and playgrounds and free WiFi! Like this is unreal, basically the coworking space with childcare that everyone on Twitter is always asking for, for much cheaper than I could ever imagine

@danhightower This was a convincing argument to me on alcohol, and seems it would be hard to measure all of these over 40 days open.spotify.com/episode/2ebY3W…

I just wrapped up 40 straight days of: - no booze - lifting or cardio - 10k+ steps - 200g protein Honestly, it was whatever. Maybe these stunts are only gamechangers for people who have completely let the wheels fall off the bus.

@DrSiyabMD @MasalaFry69 @sajitblr @danhightower Any thoughts on the divergence of those markers?

@MasalaFry69 @ffumarola @sajitblr @danhightower What are you talking about? Lipoprotein a is very atherogenic and causes plaque via multiple ways

@DrSiyabMD @sajitblr @danhightower What's the clinical reaction to Lp(a) of 34 and apoB of 74, but with higher fractionation, higher ion mobility, and a "B" ldl pattern instead of "A"?

@sajitblr @danhightower Yup, everyone should get a Lp(a) level checked. We don’t have direct treatment yet but it informs how aggressive to be with overall risk reduction.

@JozefARK @GrousARK @downingARK Eg - Where can I find my virtual card info? vs - Which product should I use to fund my home improvement? AI screening that decides if human is required should be relatively flat. But # of msgs back-and-forth w/ latter will be a lot greater, which scales cost accordingly.

@JozefARK @GrousARK @downingARK Got it, fair for base model. If model needs to be more than illustrative, I'd add: - Tranche tickets into complexity percentiles - Simpler requires less AI intervention - Complex requires more AI intervention i.e. AI screening is flat, AI engagement scales with complexity

@GrousARK Question for you... why does the model not scale the AI software costs based on the percentage of customer interactions handled by AI?

@Esyechka @sarlev_ @immad Magnatiles + stocked art cabinet + magic tracks (like a train set) for us. Legos we're just waiting a bit on so the young one doesn't try to eat them 😂

@sarlev_ @ffumarola @immad Magnatiles, wooden train set, leggos, stocked art cabinet and our kids vanish from our radar for hours at a time. We don’t have a tv.

I am having another baby in a few months. What are cool gadgets that have been made in the last 5-10 years that are a must get? (I love baby gadgets)

@sarlev_ @immad Magnatiles have been a bigger hit with both our boys!

@immad save the money on baby gadgets, and buy legos. legos are 100x more fun to do with your kids than baby gadgets ;)

@paulg Eh, dunno. 5 hours out of my day or 10 hours overnight when I'd be sleeping anyways? Give me the 10 hour lay flat every time.

If business class travelers have a choice of a 10 hour subsonic flight from Seattle to Tokyo or a 5 hour supersonic one at the same price, they're all going to take the 5 hour one. Which means all the business class travelers switch to supersonic.

What most people don't realize about Boom is that if they ship an airliner at all, every airline that flies internationally will have to buy it or be converted against their will into a discount airline, flying tourists subsonically.