Kevin Condy

[Seth Cohen @OverReactor1776]

Now that I’m out of government, I can finally respond for myself: Get bent, soyboy. We didn’t do this for “Silicon Valley . . . companies.” We did this for you, for your family, your community, your state, your nation, and your species.

Nuclear energy provides the safest, highest density, reliable power available on our planet. My career colleagues at DOE and NRC inspired me to think about nuclear as a way to forge American steel and electrolyze aluminum without releasing particulate matter, to desalinate water in the Middle East and save humanity from resource wars. By rejecting the false narratives and Cold War hysteria, we can secure the next American century while raising whole countries out of poverty.

Do you really think I left an incredible career at Kirkland, paid out of pocket for an apartment in DC and dozens of cross-country trips, and left my family on the west coast because I wanted to enrich people I never met before taking this job? I came to D.C. to do something that mattered, to satisfy a driving curiosity (more on that later), and, most importantly, to serve.

As I learned more about nuclear energy and its history, I developed a conviction that one nuclear’s biggest issues was a culture of cynicism: nothing new or exciting could happen because it would end in disappointment, and that militated against rocking the boat even a tiny bit. The career staff in government and their industry counterparts lived through dark winters before and stopped believing that warm springs could bloom into summers.

I have two core philosophies. First, I believe in ruthless optimism. Rational decision making requires detached risk analysis. But we also cannot win if we believe we can lose. Merging the two requires orienting teams around driving missions. That way, when a real opportunity presents itself, you can take a huge swing.

If I take credit for anything—honestly, almost all of the success belongs to the incredible and dedicated people at @ENERGY and @NRCgov—it’s countering the cultural rot and morass that risked forfeiting American excellence. My colleagues and I gave cover to the scientists and engineers, which freed them up to focus on delivering safe power. And, as success materialized, they started to dream again. That’s why the pilot program succeeded, and why I feel confident about the future of NLICs and NRC reform. Nobody needs me anymore because they can innovate on their own.

My second core philosophy is to assume positive intent. Avi, I know that you heard about my real motivations from multiple people you interviewed when preparing your hit piece on me. Rather than telling that story, one which could help inspire another generation of people to use their talents for the greater good, you ignored them. Instead, you implied that Peter Thiel recruited me for nefarious purposes. (I’ve never met him, but, @peterthiel, if you’re reading this, I’m a huge fan!)

Nuclear regulation starts and ends with safety. I promised everyone I worked with that I would resign before doing or pushing for anything that could compromise public safety. But I also distinguished between real safety and performative bullshit. That’s what the careers came to embrace, too. We love nuclear, why would we do anything that could risk threatening its future?

America faces a crossroads. We can either trod a road of cultural decay or hike our way back to the peak of global innovation. Join me on the latter path. Correct the fear mongering and conspiracies and tell the story of America’s great reindustrialization. Tell the story of our public servants, our great entrepreneurs, our scientific dominance. Tell the real story about how DOGE went nuclear.

[Jen 💞 @whtvrjen]

the knicks won a championship and it stopped raining on the weekends in nyc

[Ben Birnell @BB_URSentinel]

You're going to want to watch this trick shot from @Condors Quinn Hutson

[Kevin Condy @CondyKevin]

@hugomercierooo Twin

[Hugo Mercier @hugomercierooo]

𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗧𝘄𝗶𝗻 — 𝘁𝗵𝗲 𝗔𝗜 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗯𝘂𝗶𝗹𝗱𝗲𝗿.
No setup. Secure. Infinitely scalable.

We just raised a $𝟭𝟬𝗠 𝘀𝗲𝗲𝗱.
After a beta with 𝟭𝟬𝟬,𝟬𝟬𝟬+ 𝗮𝗴𝗲𝗻𝘁𝘀 𝗱𝗲𝗽𝗹𝗼𝘆𝗲𝗱, we’re now opening to everyone.

RT and comment “Twin” — first agents on us. 👇

[Sheel Mohnot @pitdesi]

My wife loses sunglasses A LOT
She previously only bought Ray-Bans (~$250)

I started replacing them with Pro-Acme’s (zoom in) from Amazon last year ($20) and nobody can tell lol

I UV tested them btw

[andy jones @andy_l_jones]

So after all these hours talking about AI, in these last five minutes I am going to talk about:

Horses.

Engines, steam engines, were invented in 1700.

And what followed was 200 years of steady improvement, with engines getting 20% better a decade.

For the first 120 years of that steady improvement, horses didn't notice at all.

Then, between 1930 and 1950, 90% of the horses in the US disappeared.

Progress in engines was steady. Equivalence to horses was sudden.

[Kevin Condy @CondyKevin]

@felixprehn AI

[Felix Prehn 🐶 @felixprehn]

Just created a complete analysis of AI infrastructure opportunities covering chip manufacturers, power companies and system integrators.

I shared this analysis with my 20,000+ students.

For 24 hours, it's yours for FREE.

Like, RT & Comment "AI" and I'll DM it to you.

[Kevin Condy @CondyKevin]

@Jason X

[Alphabetting @wintermoat]

@phoenixvalue $googl $goog

[modest proposal @modestproposal1]

Profiles in courage

[Ryan McEntush @rmcentush]

never met a man who hates costco. it transcends race, class, and creed. i’d trust a costco hospital with my life. i’d send my kids to costco daycare. i’d be laid to rest in a kirkland signature casket

[BuccoCapital Bloke @buccocapital]

Nobody should be cheering for the Oval Office being turned into the set of a reality TV show

Have some perspective. It’s embarrassing. It’s bad for our country. It’s bad for the world

[James Gunn @JamesGunn]

… and the countdown begins. The @Superman teaser trailer launches TOMORROW!

https://t.co/RoSyXK8APS

[Rohan Paul @rohanpaul_ai]

Incredible LLM Creation Visualization in this Site.

Click on each section, like Embedding, LayerNorm, Self Attention, and it will show you the mechanics of that section.

(link in comment)

[boaz weinstein @boazweinstein]

If you’ve found my opinions about closed-end funds useful, here’s the one I’d most appreciate you retweet.

@BlackRock, for the past two months I’ve highlighted your governance failures on $ECAT, $BIGZ & $BFZ. You set an impossible voting standard for last week’s annual meetings to keep incumbent directors on the board. It required Saba to win 50%+ of all shares, not 50%+ of the votes. Imagine a US election where everyone who stays home and doesn’t vote counts for the incumbent. Hugo Chavez would have been impressed! Disgraceful.

The hypocrisy is stunning because you are violating many of the governance guidelines you publish and expect corporate America to follow. Here is the proof:
$ECAT: https://t.co/i5VY1u9ye1
$BIGZ: https://t.co/raFsOfJToR
$BFZ: https://t.co/8VwVGrWgU9

What also proves that we’re right is that in the significant media attention Saba’s campaign has received, you haven’t challenged ANY of our arguments.
BlackRock, the silence is deafening. All you have said to the media or have written in your mailers is that Saba is a short term investor. Surely, if all the points we made were not facts, you’d have done better than name calling?

$ECAT, an ESG closed end fund with no leverage sits at a $150mm discount to NAV. You have a dozen ESG open end funds that have very similar portfolios that you could merge it into. Every one of the thousands of investors - including your employees who own ECAT - would make back this gargantuan loss. They could stay in the fund or sell - but they would no longer be trapped by a bottom quartile discount, which is a symbol of your failure.

Since you manage $8 trillion of open end funds, I don’t think anyone would believe you are trying to spare investors. You should admit that the ONLY reason you won’t do it is because the stock market values the open end funds you manage at a lower multiple than ‘permanently trapped’ closed end funds.

Often, an activist’s plan involves uncertainty. Closed end activism is certain. Merging with an open end fund is certain to restore it to NAV. It’s a fact. If it weren’t, BlackRock would have offered a counterpoint.

BlackRock’s behavior is aberrant. The boards at @GoldmanSachs and @GuggenheimPtnrs have shown exemplary governance to their closed end fund investors. There’s a reason @PIMCO’s closed end funds trade at a top quartile price to NAV.

BlackRock’s closed end fund board members have failed to fulfill their duty to shareholders, blinded by the $500,000 paycheck they each receive for sitting on 70 boards, even though BlackRock’s guidelines have a limit at 4. YOU CAN’T MAKE THIS STUFF UP.

Shame

[Kevin Condy @CondyKevin]

@DividendChart $FLIC 15y

[Kevin Condy @CondyKevin]

@DividendChart $FLIC 15 year

[Roberto Rojas @rblue215]

$QQQ, which tracks one of the simplest/most naive indexes that exists, is the top-performing fund in the Morningstar Large Growth Category over the last 10 and 15 years.

Thanks to all who played!