Andy Kessler

Inside View column Wall Street Journal @WSJ opinion page

[Andy Kessler @andykessler]

AI IPO mania has begun. Even that Shark Tank dude from the ping-pong movie who got $15 million from Sam Bankman-Fried and FTX is building data centers. It’s worth remembering the story of Global Crossing, filled with ghosts of Wall Street’s past.
https://t.co/O5z897dHsT

@ylecun @mustafasuleyman @elonmusk @sama @openai @GoogleDeepMind @AnthropicAI @Meta @ajassy @nvidia @geoffreyhinton @demishassabis @gdb @ESYudkowsky @ericschmidt @AndrewYNg @drfeifei @finkd @ajassy @emollick @miramurati @thinkymachines @JohnStossel @steve_hanke @CliffordAsness @AndrewLilico @lymanstoneky @tylercowen @FelixSalmon #EconTwitter @adam_tooze @Austan_Goolsbee @JustinWolfers @elerianm @yardeni @TruthGundlach

[Andy Kessler @andykessler]

Jeff Bezos taking on Champagne Socialists. Societal value created by free markets, not government handouts or philanthropy.

[Andy Kessler @andykessler]

Too many of our youth hate billionaires but sure enjoy iPhones and Starbucks’s Iced Brown Sugar Oatmilk Shaken Espresso. They buy gunk on Goop and go gaga for Gwyneth Paltrow (worth $200 million), who recently slammed "superrich white dudes."
https://t.co/uwnpZfmJ33

[Andy Kessler @andykessler]

A great story.

https://t.co/RLf0zlpg2W

[Andy Kessler @andykessler]

https://t.co/iKsENfN6Lm

[Andy Kessler @andykessler]

WSJ: All the Good From Goodwill
“People come out of prison with no money, no job, not always into a good community. Our re-entry program has a 5% recidivism rate—astoundingly low,” Steven Preston, president and CEO of Goodwill Industries, told me. Goodwill? Like me, you probably think of Goodwill as the place you drop off old clothes and furniture. I’ve never stuck around long enough to see our donations in action. I had no idea.

[Andy Kessler @andykessler]

https://t.co/ROcwJC8GFH

[Andy Kessler @andykessler]

Tim Cook, didn’t invent globalization, but he sure perfected it. In 2004, I wrote, “We think, they sweat.” Easy for me to say. Mr. Cook has lived and breathed it—with the 2007 iPhone intro, he made it happen. He personified the globalization that brought billions out of poverty.

[Andy Kessler @andykessler]

https://t.co/YqSdrKhjHn

[Andy Kessler @andykessler]

Eleven million dollars has been bet on Polymarket on whether Jesus Christ returns before the notoriously delayed “Grand Theft Auto VI” videogame is released. Like the Special Forces soldier who allegedly made $400,000 betting on Nicolás Maduro’s capture, does someone know something?

[Andy Kessler @andykessler]

https://t.co/R6dhsGE6wB

[Andy Kessler @andykessler]

“We reduced time to treatment in stroke by over an hour, which is really meaningful,” says Chris Mansi, a neurosurgeon and co-founder of Viz. ai. Turns out artificial intelligence is more than vibe coding or summarizing dull meetings. It is also a lifesaver.

[Andy Kessler @andykessler]

https://t.co/qDAWvCLCKP

[Andy Kessler @andykessler]

IPOs are coming! When I started on Wall Street, a grizzled veteran pulled me aside: “Tech stocks are just like Vancouver gold mining stocks. You buy them when the price-to-earnings multiple is high, even infinite, and sell them when the P/E is low.” Huh?

[Andy Kessler @andykessler]

https://t.co/qOEN0Uzg6l

[Andy Kessler @andykessler]

Yup. Saw that coming.

[Andy Kessler @andykessler]

https://t.co/yoiO2JDVbB

[Andy Kessler @andykessler]

The Guardian writes that Trump “has lost his Iran war.” Who does this remind you of? Oh yeah, “Baghdad Bob,” Iraq’s lying former information minister: “Today, the tide has turned, we are destroying them.” Now the media appears to be taking on his role.

[Andy Kessler @andykessler]

https://t.co/1RApk13bud
@ylecun @mustafasuleyman @elonmusk @sama @openai @GoogleDeepMind @AnthropicAI @Meta @ajassy @nvidia @geoffreyhinton @demishassabis @gdb @ESYudkowsky @ericschmidt @AndrewYNg @drfeifei @finkd @ajassy @emollick @miramurati @thinkymachines

[Andy Kessler @andykessler]

At a recent all-hands meeting, soon-to-be-public OpenAI’s head of applications, Fidji Simo, urged, “We cannot miss this moment because we are distracted by side quests.” Huge mistake...