A.14

You are now being enlightened.

[A.14 @A14A89]

@amitisinvesting We’re now blatantly buying votes, while inflation runs amok. Talk about symptoms of a late stage empire

[A.14 @A14A89]

Add AI killing everybody to the continuous stream of FUD regarding this technology. Killing all jobs didn't stick, neither did the death of software, so now let's go with the narrative of AI killing all people. Human propensity for hysteria is unmatched. That's why clickbait is now in our lexicon.

[A.14 @A14A89]

@aakashgupta That’s one way to buy votes, while expanding the welfare state and stoking more inflation

[A.14 @A14A89]

You’ve had an awful take on this topic from the beginning, especially from someone building a company that redirects an entrenched flow of value from a select old guard to the new kids on the block. Based on your SPV logic, we should block new entrants and re-direct contracts exclusively to defense primes. Enough with lecturing ppl on identifying opportunity, innovating, and spreading the spoils around. It’s at odds with the founding essence of your company.

[A.14 @A14A89]

I never buy this "massively deflationary" take. It will cause the price of certain skills to fall, while causing an inflationary spike in new skills and a consumption boom. You're already seeing skills inflation for electricians and plumbers.

If the bubble bursts, the Fed will step in with emergency measures- QE and/or ZIRP. Rates fall initially, the purchasing power of the dollar continues to hemorrhage, and the Fed starts to look a lot like the JGB. Our credibility becomes increasingly dubious, which causes rates to go higher without continued suppression by the Fed.

[A.14 @A14A89]

Not really. We went for the biggest names available and didn't land them because of price (Rogers) or player's desire (Vini and Alvarez).

Meanwhile we strengthened defense (Konsa) and the midfield (Bruno G), which is how we win games. Also, MLSs unexpected late last season resurgence has the same impact as a new signing.

Ethan, Max, and Eze are all capable contributors in attack and should see more minutes and sub appearances than they did last year.

We may bring in a last minute depth signing up top, but we will prioritize key long term signings in upcoming windows i.e. Yildiz, Kroupi

[A.14 @A14A89]

@MrDtAFC I'm with this. Need to get the partnership started tomorrow and silence the Chelsea hype next week.

[A.14 @A14A89]

@elonmusk Doesn't sound great for SOXX if chips are looking for sockets..

[A.14 @A14A89]

@SheTalksFinance Exactly. Make a simple thing more complicated, call it advice, and charge for it.

[A.14 @A14A89]

Yes, and when you strip away the advisor and compare that to all actively managed investment products it's just as poor. The entire asset management industry is one giant poor value proposition. You ony need 3 investment products- an index fund, a gold ETF, and a money market fund.

[A.14 @A14A89]

@benjamin_horne Yea they were echochamber maxxing on that last pod. Their financial and social status are leveraged to this trade, so their views should be discounted.

[A.14 @A14A89]

@shagbark_hick Intriguing take. It speaks to the fact that wealth cannot alter the fundamental human condition of oscillating between comfort and discomfort

[A.14 @A14A89]

@yigtrades Hysterical, and so true 😆

[A.14 @A14A89]

@signulll You're doing an LBO of an asset for lifestyle purposes. Surely that thesis would be hard to defend at investment committee. Treat it like a discretionary spending item, and don't delude yourself that you're making a financial investment

[A.14 @A14A89]

I find the TVPI to DPI gaps in their earliest vintages to be quite strange. What could they still be sitting on that they can't or won't sell, and at what point do LPs push them to generate liquidity?

From Thrive's point of view ideally the LPs are cash rich and don't care about the liquidity, so they can let assets compound, while collecting fees and allowing carry to balloon.

[A.14 @A14A89]

Or by the time millennials and Gen Z inherit these they're of the age where they will actually want them or convert them to rental properties. This also could be in as little as 10 years or as long as 30-40 years.

The core issues with your thesis are that it assumes everyone dies at once and that people will no longer want to spend time at the beach, lake, mountains, etc. Both seem dubious at best

[A.14 @A14A89]

@aporia9n I dig it

[A.14 @A14A89]

It's the classic tension of what will sell versus what's actually good. You're right that some sector focused theme might sell particularly well, while a more opportunistic mandate would allow more flexibility to invest prudently.

VC has also gone through a similar proliferation arc as hedge funds and PE. Tons of firms spawned, and only a narrow cohort earning their staying power. Ironically, quite like their portfolio companies 😆

[A.14 @A14A89]

For as wealthy as you are, you’re fairly dumb. The purchasing power of the dollar has imploded. Owners of assets have risen to exorbitant heights above all those who don’t. Your career has thrived off that exact dynamic. You’re over weighting grit and intellect as the driving factors for your success, while those are table stakes for living and working in New York. The monetary system has skewed the spoils and created despondency for those not on the receiving end.

[A.14 @A14A89]

Arguably the #1 trait to look for in hiring.

[Jaynit @jaynitx]

Elon Musk reveals the ego-to-ability ratio that predicts whether someone will fail

"You do whatever it takes to succeed, and just always be smashing your ego. Internalize responsibility. A major failure mode is when your ego-to-ability ratio is greater than one"

"If your ego-to-ability ratio gets too high, you break the feedback loop to reality. In AI terms, you break your RL loop. You want a strong RL loop, which means internalizing responsibility and minimizing ego"

"That's why I prefer the term engineering as opposed to research, and I don't want to call xAI a lab, I just want it to be a company. Whatever the simplest, lowest-ego terms are, those are generally a good way to go. You want to close the loop on reality hard"