Daddy-O

Father. Consultant.

[Crazy Clips @crazyclipsonly]

Worst nightmare caught on camera

[Viral News NYC @ViralNewsNYC]

A New Yorker spots former NYC Mayor Bill De Blasio and trolls him ..

[Central Park @CentralParkNYC]

#CentralParkConservancy Packers work day and night, picking up the garbage left behind by the Park’s 42 million annual visitors. This hard work may go unnoticed, but they play a crucial role. Meet native Harlemite Luis and discover how he tackles this intense but essential job!

[Bishop J. Strickland @BishStrickland]

A simple hymn reminds us, that Christ is King of the Universe and “every knee shall bow”……….“At the name of Jesus every knee shall bow, every tongue confess Him, King of Glory now, ‘‘tis the Father’s pleasure we should Lord, ever to be worshiped, always blessed, adored.”

[Benny Johnson @bennyjohnson]

Did Biden just walk out in the middle of the ceremony? 🤣

[James Lavish @jameslavish]

Accounting is boring. FASB bleh. 🤮

Normally, yes. But not this time. The latest FASB vote opens the door for companies to buy and hold Bitcoin in corporate treasuries without balance sheet penalties

OK, how?

Let's walk through it nice and easy, shall we?

[Michael Saylor @saylor]

Fair value accounting is coming to #Bitcoin. This upgrade to FASB accounting rules eliminates a major impediment to corporate adoption of $BTC as a treasury asset.
https://t.co/MjVzUJRVjX

[Simon Ateba @simonateba]

How is this now acceptable in the United States of America? How? Can someone tell me?

[Chamath Palihapitiya @chamath]

America: we are dropping AP math and science because being in the 1% of STEM is divisive and hurtful to others.

Also America: here’s umpteen ways you can spend money and time trying to be in the 1% of a sport that likely has no bearing on your future.

These priorities are fucked up.

[Daddy-O @AnimalToast]

This is what happens when you shut down schools for an entire year. #education Millions of kids are missing weeks of school as attendance tanks across the US https://t.co/WgL9yZb2u5

[Daddy-O @AnimalToast]

It pays to be a migrant in #NYC 1.4 billion spent last year on great food, great hotel housing and access to all city services! And they get to sell candy in fruit in the streets and subways for extra spending cash with no vendor licenses #Migrants https://t.co/fU6qDh1uEq

[Chamath Palihapitiya @chamath]

Index rebalancing will be a bitch.

Since January, a handful of stocks have dragged up the stock market. These 7 companies represent the largest market cap companies of the Nasdaq100 and S&P500.

The result is a unique phenomenon that has implications for the next move upwards (or downwards).

Sometimes an up market benefits all/most/many companies but this hasn’t been the case thus far this year. If you subtract the returns of the top 7 from the rest of the index, you find that there is a huge spread - upwards of 1000bp.

There are two implications of this:

1. There are strict rules about the composition of the indices. As such, the indices will refactor how important these 7 companies will be in constituting their index.

In fact, the Nasdaq100 just announced they will reduce the top7 from 55.1% to 43.7%. This will result in many funds selling these companies in order to rebalance.

2. Assuming, the market finds a new leg upwards, it stands to reason that the marginal move upwards will benefit the other companies first. Said differently, when combined with (1), you could expect the “spread” between the weighted and unweighted index to close.

More anecdotally, if you break down the returns of the top 7, here is what it seems:

Two companies are actually compounding share, revenues and profits: $NVDA, $TSLA.

One company has moved from spending idiotically to only spending foolishly. All of this FCF is a short term boon for investors: $META.

One company is a predictable, consistent grower at GDP++: $AAPL.

Two companies are a bit murky but schmuck insurance says you are better off owning them vs not as they can show up at any quarter with a lights-out print: $GOOG, $AMZN.

On balance, outside of the first two, there seems to be lots of room for the rest of the index to catch up and close the gap.

Good luck to all the players!

[David Sinclair @davidasinclair]

Grateful to share our latest publication: We’ve previously shown age reversal is possible using gene therapy to turn on embryonic genes. Now we show it’s possible with chemical cocktails, a step towards affordable whole-body rejuvenation 1/17 https://t.co/J9c01lv5FQ

[Chamath Palihapitiya @chamath]

I was really curious about Buffett’s ownership of the Japanese trading companies and wanted to understand why he did it?

As it turns out, the trade is really brilliant.

He found a group of companies that had very low volatility, grew earnings predictably, had a good dividend yield and, in most cases, were buying back their stock.

But it’s what he does next which is so awesome:

As far as I can tell, he issues Japanese debt at very low rates, uses the proceeds to buy the stocks and then uses the dividends he then gets from owning these stocks (which are greater than the interest rates he’s paying to borrow in the first place) to pay the coupon!

What’s left over is a near-risk less bet where he’s borrowed trillions of Japanese Yen for free to buy billions of dollars of companies growing earnings in the mid teens.

And over a 10-20 year holding period, he becomes insensitive to currency vol and so really can’t lose money. He locks in the earnings gains over this period along with whatever spread he keeps between his dividends and his coupons.

The only way this trade blows up, I suppose, is if the Japanese economy totally craters but these companies are sufficiently exposed to the rest of the world that this outcome is pretty unlikely.

It’s inspiring to see folks act this intelligently at scale. That’s why he’s the 🐐.

[OpenAI @OpenAI]

Code Interpreter will be available to all ChatGPT Plus users over the next week.

It lets ChatGPT run code, optionally with access to files you've uploaded. You can ask ChatGPT to analyze data, create charts, edit files, perform math, etc.

Plus users can opt in via settings.

[Dylan LeClair @DylanLeClair]

Wow. New release from Lightning Labs is WILD.

A new standard for developers to connect AI to #Bitcoin and Lightning, enabling dynamic pricing for APIs, while allowing the AI to send/hold/receive bitcoin.

Future is here.

[Michael Saylor @saylor]

MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR https://t.co/joHo1gEnR0

[Daddy-O @AnimalToast]

Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark https://t.co/xOep1HJwzH

[Daddy-O @AnimalToast]

Nipsey Hussle: Don’t be afraid to be intelligent #shorts #short #TMC #cr... https://t.co/M6t3fn7AGO via @YouTube

[Daddy-O @AnimalToast]

Yes, your smart TV is spying on you – Here’s how to stop it https://t.co/Wm9xGpc2Jo