@TimeyinI I can definitely agree with you in the current 2026 context. I was lucky since I bought my house in Canada in 2015 (I was 28 at the time) when prices weren't totally ridiculous and the interest rate was under 2%. Only about $125K CAD left to pay on my mortgage 🙏
Fox McCloud and his crew are back in the cockpit for #StarFox, a remake of the Nintendo 64 game, coming to #NintendoSwitch2 on June 25th.
Watch Star Fox Direct: https://t.co/KBVScGu2Rf
The Hollow Men
American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.
By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.
These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.
In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.
Today, we have severed that link.
We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.
If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.
This looting starts in the boardroom.
We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.
Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.
And for what?
Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.
They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.
And what happens when these boards hire executives who also have no personal capital at risk?
We get the Delegation Economy.
When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.
This is not management. It is intellectual money laundering.
They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.
While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.
If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.
The time for polite governance is over.
If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.
THESIS: @RyanCohen wants #GME to become an investment giant like #BerkshireHathaway. To do this, I believe he’s likely going to focus on companies that have #moats which are severely undervalued due to company mismanagement. He will then tokenize the intangible assets (read below) within the moats of all newly acquired companies and allow investors to directly purchase rights & economic benefits to those assets, which decouples the company's operating income & profitability from the assets, themselves.
What are moats? Moats are intangible assets which, when used together, create a competitive advantage for a company. As we know, RC’s investment strategy mimics that of #CarlIchan, where he targets undervalued / mismanaged companies with high potential, drives out inefficiencies, and focuses on profitability.
In 2010 #CarlIchan purchased a 10% stake in #Motorola and pressured the company to sell its mobile phone patent portfolio (IP) during the smartphone revolution. Motorola then split into two companies: Motorola Mobility and Solutions. Motorola Mobility (MOATorola!) contained the IP patent portfolio and was subsequently purchased by #Google in 2011 for a 63% premium. The IP was valuable due to its defensive nature against competitors like Apple and Samsung. Ichan profited roughly $1B after the sale.
Unlike Ichan, Buffet buys-and-hodls, but the focus on IP was the same. This is evident in Buffett’s purchase of $AAPL in 2016, which remains the top investment to this day. It’s the combination of several intangible assets within Apple’s “moat” that made it so appealing.
Now here’s the problem… in accounting (and finance), it is very difficult to value the “moat” which contains the IP and other intangible assets for a company. The moat may have DEEP F*CKING VALUE, but only if management uses it effectively. For this reason, if a company is poorly managed and losing money, the moat (group of intangibles) take a significant hit and are valued according to the loss. If managed properly (like Apple), the opposite happens. The point being: the moat's value has historically been a direct reflection of the company's profitability.
Ok… get to the point...
$BBBY (Beyond, INC.) still has controlling interest of the moat which was unique to $BBBY. One of these assets is called #tZERO: a digital blockchain platform used to tokenize real-world assets (RWAs) and other securities (such as IP).
There is a very real incentive for Ryan to purchase $BBBY for the tZERO system, which would allow him to itemize intangible assets within the moats for his newly acquired companies, tokenize them, and sell them through tZERO. Those who purchase the tokens would receive some sort of economic benefit directly related to the IP, such as shares of future royalties / revenues, licensing rights, or other claims to the IP.
This would revolutionize the capital markets by decoupling the company’s intangible assets from the company's performance. Shareholders would still profit from the day-to-day operations of the company by owning the stock, and IP token holders would receive an additional economic benefit directly tied to the IP where they can raise capital by selling the tokens without the company having to sell the underlying asset.
In effect, we would no longer have a financial system where management’s usage of IP determines its value. Instead, the MARKET’s usage of IP determines that value. For each company that #GameStop acquires, you can imagine the snowball effect.
For this reason, I believe RC is aiming to reinvent the capital markets by going direct-to-consumer with tokenized IP assets, and at the same time, unlocking the holding company's true value.
Sh*t might just hit the fan.
💎👐🚀