Travel & Things

Interested in stocks & realestate; BSEE & MBA; and enjoy a beachhouse in Rehoboth.

[Travel & Things @5CountryClub]

@yardeni Nice chart. As AI powers a new wave of edge devices—from robotics and smart glasses to advanced biomedical tech—the long-term growth for semis looks inevitable. We’ll likely see some corrections along the way, but the structural shift is real. #Robotics #AI

[Travel & Things @5CountryClub]

@RyanDetrick @CNBC Big congrats @RyanDetrick! Your data-driven insights and optimistic lens have been invaluable to the FinTwit community for years. Thanks for all the great work! 🙌📊

[Department of Government Efficiency @DOGE]

There is a pattern across all agencies where IT “modernization” contracts do not pay for outcomes/performance; instead, they pay for time. Therefore, the incentive is for contractors to “never finish,” resulting in incredible waste.

As an example, IRS modernization started in 1990 to be delivered in 1996. Today, the work is not complete and the contractors say it’s still 5 years away. 29 years behind schedule and ~$15b over budget. Everyone loses, except the government contractors.

This must change. This week, the IRS froze ~$1.5B in modernization contracts, none of which have any effect on tax filings. All of those contracts will then either be cancelled or the contract terms will be changed to pay-for-performance.

[Travel & Things @5CountryClub]

@HowardMarksBook Why doesn’t your name appear in OCSL insider list - OCSL not your Oaktree?

[TechCrunch @TechCrunch]

Electric aircraft startup Lilium has run out of money https://t.co/c1n32CCqyH

[Charlie Bilello @charliebilello]

The US government continues to spend money like a drunken sailor w/ the budget deficit widening to $2.1 trillion, highest since Feb 2021. This is occurring when the economy is still in an economic expansion w/ Unemployment @ 3.7%. What happens to the deficit when recession hits?

[Travel & Things @5CountryClub]

@charliebilello Excellent, because I’m doing an addition using https://t.co/5XD6pCqaZ2

[FORTUNE @FortuneMagazine]

Tom Hanks told graduates of Harvard University on Thursday to be superheroes in their defense of truth and American ideals, and to resist those who twist the truth for their own gain. https://t.co/vHEGRjqelY

[Lisa Abramowicz @lisaabramowicz1]

It's astonishing that the Fed has deflated asset bubbles without more damage: Harvard's Stein. “If you told any one of us a yr ago, ‘we’re going to have a bunch of 75bp hikes,’ you’d have said, ‘Are you nuts? You’re going to blow up the financial system.’” https://t.co/E964jfiYJ3

[Market Rebellion @MarketRebels]

Wall Street was built to make money off you, not for you.

[U.S. Securities and Exchange Commission @SECGov]

Today we proposed rule changes to reduce risks in clearance and settlement of securities, including shortening standard settlement cycle transactions in securities from two business days after the trade date (T+2) to one business day after the trade date (T+1).

Read more ⬇️

[NYT Business @nytimesbusiness]

Apple has a new vision of a more private internet that is not necessarily a more profitable one for internet companies that depend on advertising revenue. https://t.co/PBHjh9hocd

[The Washington Post @washingtonpost]

D.C. bar that broke vaccine rules closed for health violations https://t.co/0o26LLxkik

[litquidity @litcapital]

Merrill Lynch financial advisor going sicko mode on some high school girls over a smoothie. absolutely microscopic penis energy

[The Washington Post @washingtonpost]

Magawa was an explosives-sniffing African giant pouched rat and the holder of a Guinness World Record for the most land mines detected by that species. He helped clear more than 2.4 million square feet of land of landmines in Cambodia. https://t.co/7G7IJG4Vgn

[The Washington Post @washingtonpost]

Ben Franklin’s bitter regret that he didn’t immunize his 4-year-old son against smallpox https://t.co/HBx6N5zH2p

[NYT Business @nytimesbusiness]

Shortly after Sheryl Sandburg played down Facebook’s role in the Capitol riot, indictments made it clear just how large a part Facebook had played in spreading misinformation about election fraud to fuel anger among the Jan. 6 protesters. https://t.co/dpkOlc08CL

[Maria Popova @themarginalian]

The Stoic antidote to frustration – Marcus Aurelius on how to keep your mental composure and emotional equanimity when people let you down and infuriate you https://t.co/xEp4Fh0NQT