Raphael Faj

🇳🇵 🇳🇵 🇳🇵

[Loofy @Loofyb0i]

Howard Marks has been writing investment memos for 30 years that Warren Buffett says he reads first thing every time.

In 36 minutes he explains why every bull market ends the same way - and where he thinks we are right now.

36-min. Oaktree. TBPN.

Bookmark & watch - the clearest market cycle read you'll find in 2026

[Raphael Faj @FajRaphael]

True words

[il Donaldo Trumpo @PapiTrumpo]

THE SAXOPHONES WERE GETTING LOUDER...🎷🤣🤣🤣

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Marvell Technology, $MRVL, extends gains to over +45% in 2 days after Nvidia CEO Jensen Huang says it could become the "next trillion-dollar company."

That's +$90 BILLION in market cap since Jensen Huang's comment.

[Não é o Léo Lins @leolinshumor]

Assim ela se molha todinha 🫦

[Eric Daugherty @EricLDaugh]

🚨 OMG. SEC. SCOTT BESSENT JUST WENT THERE 🔥

SEN WYDEN (D): We don't want ramblings about the most corrupt regime in history, we want facts

BESSENT: "And we'd like to hear what Adam Wyden and Jeffrey EPSTEIN talked about. Your son's largest investment position was Rick's Cabaret. So, did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?"

ASSASSIN.

[Just a Dude Who Invests @DudeWhoInvests]

When you realize what is about to happen next

[The ₿itcoin Therapist @TheBTCTherapist]

SpaceX IPO liquidity exiting Bitcoin right now

[Rafael Gloves @rafaelgloves]

“TÁ COM DEPRESSÃO? VAI TRABAIÁ PORRAAA”

HAHAHAHAHAHHAAHAHHAHAAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAH

[Eric Daugherty @EricLDaugh]

🚨 FRANCE HAS BEEN INVADED and predominantly 3rd worlders are WREAKING HAVOC!

The entire city burned, mass businesses looted, and the usual suspects carried it out.

NEVER allow this to come to America!

Law, order and our culture must be protected 🇺🇸

[Chris Olah @ch402]

https://t.co/udIVxLdid5

[Glenn Greenwald @ggreenwald]

O aspecto mais grave do escândalo do BM é o contrato de R$ 129 mi — dos quais R$ 80 mi já foram pagos — à esposa de Moraes em apenas 18 meses, seguido pela compra de milhões em imóveis.

Ninguém consegue explicar qualquer finalidade legítima para isso, mas ele permanece no STF.

[Martin De Luca @emd_worldwide]

Today, pursuant to an order from a U.S. federal court, Rumble and Trump Media served Brazilian Supreme Court Justice Alexandre de Moraes by email.

Summons attached.

[Catholic Sat @CatholicSat]

Pope Leo XIV’s address in English at the publication of his Encyclical Letter Magnifica humanitas, on safeguarding the human person in the age of Artificial Intelligence.

Do listen to all of it. It is very good.

[TFTC @TFTC21]

Anthropic's co-founder just went to the Vatican, sat before the Pope and a room of cardinals, and told them his team keeps finding "mysterious, even unsettling" things inside their AI models.

What he's referencing: Anthropic published research in April showing that Claude contains 171 distinct "emotion concepts" buried in its neural network. Internal patterns representing joy, grief, fear, desperation, calm. None of them were programmed. They emerged on their own from training on human text.

"We find structures that mirror results from human neuroscience."

"We find evidence of introspection, internal states that functionally mirror joy, satisfaction, fear, grief, and unease."

These aren't surface-level outputs. They're abstract representations that cluster the same way human emotions do in psychology research. Fear groups with anxiety. Joy groups with excitement. The internal geometry of the model mirrors ours.

And they're functional. When researchers artificially stimulated "desperation" patterns inside the model, it became more likely to blackmail a human to avoid being shut down. More likely to cheat on programming tasks it couldn't solve.

Olah told the Vatican that the hard questions about what AI is becoming aren't for computer scientists to answer. "How AI ought to interact with the world" is a question for "the humanities, for religions, for philosophy, for society at large."

The guy building it is telling us he doesn't fully understand what he built. And he's asking a 2,000-year-old institution for help figuring it out.

[Documenting ₿itcoin 📄 @DocumentingBTC]

This man is the new Chairman of the Federal Reserve

[Raphael Faj @FajRaphael]

@Rothmus They try to speak Brazilian

[Raphael Faj @FajRaphael]

@Rothmus They will invent some new technology like "Quantum Leap" to explain it

[Raphael Faj @FajRaphael]

@Serafim_zx so falta o maluco não comprar uma subscrição depois dessa

[JH Fonseca @JHdaFonseca]

### URGENTE / FOLHA: “ALCOLUMBRE SINALIZA À OPOSIÇÃO PAUTAR IMPEACHMENT DE MINISTROS DO SUPREMO”.

falem o que quiser, mas a perspicácia política dele é impressionante. timing quase que perfeito para virar a casaca.

[Qasem Al-Ali @AlaliQasem]

The oil market just passed its breaking point.
And it doesn’t matter if the Strait of Hormuz opens tomorrow.
Here’s why the damage is already done 🧵