Chris Grey

Entrepreneur, investor, and individualist. Like or repost is not endorsement.

[Chris Grey @3rdwavemedia]

A civilization isn’t measured by technology or by money. It’s measured by the absence of violence and fear of violence among the population. By that metric, we need to reconsider which countries are truly civilized.

[Polymarket @Polymarket]

JUST IN: SpaceX welder who immigrated from Mexico & started with $10,000 in company equity expected to become a millionaire post-IPO.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

A look back at the stocks that traded above 10x sales at the dot-com peak.

What happened next:

– Cisco: ~25x sales, P/E above 200. Crashed -90%. Finally broke its 2000 peak in December 2025. 25 years and 8 months later.
– Intel: ~13x sales. Crashed -82%. Finally broke its 2000 peak in May 2026. Almost exactly 26 years later.
– Microsoft: ~25x sales. Crashed -65%. Took 16 years and 8 months to make a new high (October 2016).
– Qualcomm: ~30x sales. Crashed -88%. Took roughly 20 years to break even.
– Sun Microsystems: ~10x sales. Crashed -97%. Acquired by Oracle in 2009.
– JDSU: ~50x sales. Crashed -99%. Broken into pieces.
– Yahoo: ~50x sales. Crashed -97%. Sold to Verizon for a fraction.
– Lucent: ~10x sales. Crashed -99%. Eventually absorbed by Nokia.
– Nortel: ~15x sales. Bankrupt in 2009.

Then there's the famous mega survivor.

Amazon traded at ~30x sales at the peak. It still crashed -97%. The investor who bought at the top held through a 97% drawdown before eventually making money roughly a decade later.

The lesson isn't that every 10x sales stock ends in zero.

It's that even the eventual winners crash 90%+ first, and break even only after a generation.

Cisco. Intel. Microsoft. Amazon. The four greatest tech survivors of the dot-com era. Average time to break even on price alone: roughly 19 years. Inflation-adjusted, the math is uglier.

You have to be very right, very early, and willing to hold through unimaginable pain.

Most people aren't.

[Charlie Bilello @charliebilello]

S&P 500 earnings are now expected to increase by 25% this year. We've never seen earnings growth this high outside of post-recessionary rebounds. An unprecedented boom fueled by massive EPS gains in big tech.

Video: https://t.co/HdoFAnN6sC

[Gary Marcus @GaryMarcus]

Only in an America can an industry that has collectively lost over half a trillion dollars —at a pace of roughly a million dollars a minute — ask for (and likely get) government subsidies.

[Peter Schiff @PeterSchiff]

The results are in. Almost 60% of Bitcoiners believe that even if Bitcoin crashes to $1,000, a more than 99% decline, wiping out almost all Bitcoin investors, bankrupting $MSTR, and devastating the entire crypto industry, I’m still wrong. That’s not rational. That’s a cult.

[Li Zexin 李泽欣 @XH_Lee23]

Look how BYD’s electric car turns at this narrow place. This is the car of the future.

[Chris Grey @3rdwavemedia]

@AaronLCannon 😂🤦🏻‍♂️🎯

[Pirat_Nation 🔴 @Pirat_Nation]

Jeff Bezos says taxing people who make around $50,000 a year is “absurd” and thinks many lower-income Americans shouldn’t pay any federal income tax.

He cited examples like an Amazon employee earning $50,000 and a nurse earning $75,000, saying the money they send to Washington would do more good in their own pockets.

Bezos noted that the bottom half of taxpayers account for only a small portion of federal income tax revenue, arguing that cutting their tax bill to zero would have little impact on government finances but could greatly help working families.

[Dave Collum @DavidBCollum]

The two million mom-and-pop companies that were destroyed sent customers scampering to the survivors. You no longer can eat at Linda's Diner so now you must go to Chipotle's or MacDonald's. It was a hostile takeover. Biggest winner, of course, was Amazon.

[Chris Grey @3rdwavemedia]

@krystalball They live in a bubble. 🤦🏻‍♂️

[Chris Grey @3rdwavemedia]

@paulg Facts 🎯👏🏼

[Paul Graham @paulg]

Ideally you want to be dismissed as being on the right by people on the far left and dismissed as being on the left by people on the far right. This is not a sufficient condition for getting things right (choosing positions randomly would achieve it too) but it's a necessary one.

[Vivek Sen @Vivek4real_]

PETER SCHIFF:

“THE GAIN IN THE STOCK MARKET IS INFLATION, NOT REAL VALUE.”

WHEN THE DOLLAR LOSES PURCHASING POWER, EVERYTHING APPEARS TO RISE IN PRICE.

IT LOOKS LIKE YOU’RE GETTING RICHER.

BUT 99% OF PEOPLE ARE BEING QUIETLY ROBBED.

[unusual_whales @unusual_whales]

Bill Ackman sees investors repeating a mistake of 2000: Flocking to the ‘new new’ and ignoring quality names, per MW

[Brian McDonald @BrianMcDonaldIE]

The head of Russian oil giant Rosneft, Igor Sechin, says the world is approaching the biggest financial market bubble since the 19th-century US railroad boom.

Speaking at SPIEF, Sechin warned that AI-linked companies are now absorbing a huge share of global investment “to the detriment of the rest of the economy.” He said the American tech sector accounts for a record 35% of total capital expenditure, while the ten largest tech companies make up more than 44% of the US stock market.

Sechin claimed the main beneficiary of any coming crisis will be the Western financial sector, which, he said, has moved from promoting the “green” agenda to managing trillions in inflated tech and military-industrial assets.

[Chris Grey @3rdwavemedia]

@financedystop Those AI detection tools are wrong a lot of the time. Even AI says they’re unreliable. Schools will just accelerate their own collapse by relying on them.

[Chris Grey @3rdwavemedia]

@quionie 🎯👏🏼

[Q @quionie]

As an older gen z, I find this to be especially true.

Partying was a thing my friends and I did from about 16 to 22. It was fun, it was social, it was just “what everyone did”.

What changed it for me was watching the effects on my older peers and friends. Seeing people a few years ahead of me visibly degraded from that lifestyle was a real wake up call imo. The skin, energy, and health issues showing up way too early. For some reason, I find my generation caring about this stuff a lot more.

Club culture itself also just stopped being appealing. Everything started looking sloppy + dirty.

But the shift is probably bigger than personal preference:

→ we grew up on the internet w/ full access to what alcohol actually does to your body and your overall health.

→ everything is filmed now. every night out is documented on someone’s phone so the cost of being sloppy became permanent evidence.

→ going out got absurdly expensive. a single night at a club can run hundreds, meanwhile a gym membership is $50+/month and a run club is mostly free.

→ the pandemic forced everyone to stop going out & a lot of people realized they didn’t miss it.

→ mental health awareness got REALLY normalized for our generation. Therapy, self care, etc.

→ aspirational content shifted. The coolest thing on social media used to be bottle service/ club photos. Now it’s gym progress, run clubs, morning routines, clean girl aesthetics, wellness.

→ Dating apps replaced bars. You don’t need to go to a club to meet people anymore.

Overall just think our generation collectively realized that taking care of yourself isn’t boring, and we’re more skeptical on what we waste our money on since the future we were promised as kids doesn’t really exist anymore.

[Chris Grey @3rdwavemedia]

@0xEthan 😂

[Chris Grey @3rdwavemedia]

@Khwezi_bass More like 99.9% of the people.