DocBreezy

[Ryan Cohen @ryancohen]

🎯

[DocBreezy @DocBreezy4]

@ryancohen WWRD?

...he'd FIX IT!

[Ryan Cohen @ryancohen]

I’m selling stuff on eBay to pay for eBay

https://t.co/REaITX9iXr

[DocBreezy @DocBreezy4]

@WeedHouseDD Eeeyy!!

[DocBreezy @DocBreezy4]

@CannaCollectz Fully Glazed

[DocBreezy @DocBreezy4]

@CannaCollectz Fully Glazed

[unusual_whales @unusual_whales]

This is unusual.

Senator John Boozman disclosed a $15K purchase of a 2x long S&P 500 ETF, $SPYM, on March 20.

He serves on the Senate Subcommittee on Commodities, Risk Management, and Trade.

What does he know?

[DocBreezy @DocBreezy4]

@RagnarRiese @MachoCrotcho08 🍺👮‍♂️👮‍♀️🏠

[DocBreezy @DocBreezy4]

@RagnarRiese 🤣 that would be absolutely diabolical!!!

[DocBreezy @DocBreezy4]

Interesting... 🤔 for information to be factual and public... well... this seems to be incorrect about $GME, Gamestop, and salaries...

[StarPlatinum @StarPlatinum_]

Recommended money according to age:

0: $0
1: $0
2: $0
3: $0
4: $0
5: $0
6: $0
7: $0
8: $0
9: $0
10: $0
11: $0
12: $0
13: $93
14: $232
15: $465
16: $1,395
17: $3,255
18: $6,975
19: $13,950
20: $23,250
21: $37,200
22: $55,800
23: $83,700
24: $120,900
25: $167,400
26: $232,500
27: $325,500
28: $465,000
29: $651,000
30: $930,000
31: $1,209,000
32: $1,581,000
33: $2,046,000
34: $2,604,000
35: $3,255,000
36: $4,092,000
37: $5,115,000
38: $6,417,000
39: $7,998,000
40: $9,858,000 (Peak)
41: $9,765,000
42: $9,672,000
43: $9,579,000
44: $9,440,000
45: $9,300,000
46: $9,114,000
47: $8,928,000
48: $8,742,000
49: $8,556,000
50: $8,370,000
51: $8,138,000
52: $7,905,000
53: $7,672,000
54: $7,440,000
55: $7,208,000
56: $6,975,000
57: $6,743,000
58: $6,510,000
59: $6,278,000
60: $6,045,000
61: $5,766,000
62: $5,487,000
63: $5,208,000
64: $4,929,000
65: $4,650,000
66: $4,371,000
67: $4,092,000
68: $3,813,000
69: $3,534,000
70: $3,255,000
71: $2,976,000
72: $2,697,000
73: $2,418,000
74: $2,139,000
75: $1,860,000
76: $1,581,000
77: $1,302,000
78: $1,023,000
79: $744,000
80: $465,000
81: $279,000
82: $140,000
83: $46,500
Death: $0

From 15 to 40 → Work hard
From 40 to 80 → Enjoy

Are you on track? 🤔

[Ryan Cohen @ryancohen]

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.

[Rep. Ro Khanna @RepRoKhanna]

.@RepThomasMassie and I forced last night the DOJ to disclose the identities of 6 men:

Salvatore Nuara, Zurab Mikeladze, Leonic Leonov, Nicola Caputo, Sultan Ahmed Bin Sulayem, and billionaire businessman Leslie Wexner.

I share details of what more we learned to hold the Epstein class accountable.

[Cassandra Unchained @michaeljburry]

Ryan talked with the WSJ.

[Cassandra Unchained @michaeljburry]

People wonder why I do this, but if there is one thing I wish I could have done, it was to have effectively warned or spoken about what was happening 2005-2007.

https://t.co/gwCfONcaoj
https://t.co/ZELWmpZT57

[Cassandra Unchained @michaeljburry]

The Supply-Side Gluttony Recurrence: Queries and Quibbles has been published.

I took questions from the comment section of The Cardinal Sign of A Bubble: Supply-Side Gluttony and did my best to answer them long form. I cover $NVDA of course, defend my chart, and expand on misconceptions re: the demand/revenue side for generative AI, among other topics.

https://t.co/IzdYBdtpS3

[DocBreezy @DocBreezy4]

@michaeljburry I and I believe many other are eagerly anticipating your thoughts and words on the matter

[DocBreezy @DocBreezy4]

Hell. yes.

[Cassandra Unchained @michaeljburry]

Will drop my #GME post Sunday late evening.

[Cassandra Unchained @michaeljburry]

Will drop my #GME post Sunday late evening.

[Cassandra Unchained @michaeljburry]

Fun facts
1. Even a $1 Trillion OpenAI raising $60B would not be near enough even though it would be the largest IPO raise in history by more than 2x. And will not change its Netscape fate.
2. Over 90% of subscribers on Substack are free so almost every estimate of Substack revenue you see is >10x too much.
3. I did not know there would be video released for my podcast with Michael Lewis- that much will be obvious if you come across it.
4. Palantir is DiamondCluster.

https://t.co/L3JqVYjIdp