Jason O'Neal

That last one cooked my duck.

[Brian Feroldi @BrianFeroldi]

The Psychology of Money

Visual summary by @MnkeDaniel

[Brian Feroldi @BrianFeroldi]

Warren Buffett's Financial Statements Rules of Thumb

[Leo @leoxbtt]

🚨STEVE JOBS FUE DESPEDIDO DE APPLE

Después se presentó en el MIT y soltó la masterclass de negocios más cruda y sin filtros de 60 minutos jamás grabada.

Cero mentiras de relaciones públicas. Cero imagen que proteger.

Solo pura y brutal honestidad del hombre que construyó Apple una vez y estaba a punto de reconstruirlo aún más grande.

Deja de scrollear.

Mira esto esta noche en lugar de Netflix.

Guárdalo y regresa cuando lo necesites 🔖

[BLT - Pro Madden and CFB Coach @BLT4Life22]

🔒Do This To Fix Your Pass Defense in College Football 27!

✅FOLLOW to transform your defense all year in CFB 27!

#cfb27 #collegefootball27 #cfb27gameplay

[Destiny Director @D2_Director]

FREE Destiny 2 Gloriabundus Emblem

Code: F6K-D44-JH4

Available to all players.

Redeem: https://t.co/32xeDDR6Iz

Courtesy of Bungie. 💠7️⃣

[TONY™ @TONYxTWO]

Norwegian fans walk into Bass Pro Shop for the first time 😭

[The White House @WhiteHouse]

POV: You realize the World Cup hits different in America. 🦅

[𝐓𝐡𝐞 𝐏𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐫 @ThePreserverofU]

8 GREATEST BIOGRAPHIES THAT WILL INSPIRE YOU FOR ENTIRE LIFE:

1) Steve Jobs by Walter Isaacson

[Jason O'Neal @JCollinO]

@ticket919 @CFBKings What was your playoff run like?

[BookNote @BookNoteApp]

7 books that'll increase your intelligence:

1) Thinking, Fast and Slow by Daniel Kahneman

[powerzone @powerzonee]

Eating poorly is the number one reason most people don't build muscle.

After analyzing hundreds of people, those who get the best results do the same thing: they eat 3-4 inexpensive meals every day.

Here's the list:

1. Basic Rice and Eggs

[Oguz Erkan @oguzerkan]

I have just published a 5,000-word deep dive into $ORCL.

It never looked more derisked than now since it started the cloud pivot in 2023.

Demand is excessive, and $ORCL is bringing capacity online faster than all.

You can read it below, it's free 👇
https://t.co/5CmeJ7mnZg

[George Noble @gnoble79]

Wall Street is WRONG about Oracle.

$ORCL is being pitched as the "fourth hyperscaler."

The AI infrastructure play of a lifetime.

35 out of 46 analysts have a buy rating. Consensus price target is $246.

The stock is at $172. Down 47% from its September high.

Now let me explain what the bulls aren't telling you and why this will end HORRIBLY:

Oracle's non-current debt has ballooned to $124.7 billion. Up from $85.3 billion a year ago.

A 46% increase in 12 months.

Total liabilities sit at $206 billion against shareholders' equity of $39 billion. That's a 5-to-1 leverage ratio on a company being pitched as a "safe" infrastructure play.

But that $124.7 billion isn't even the full picture...

Oracle has been using project financing structures (loans repaid from projected future cashflow) to keep tens of billions more in borrowing off its balance sheet entirely. So when analysts quote Oracle's debt load, they're UNDERSTATING the actual exposure by a meaningful margin.

Interest expense jumped 32% YOY. Free cash flow is negative $24.7 billion on a trailing basis. The company is spending $48 billion a year in capex while generating roughly $17 billion in operating cash flow.

They issued $43 billion in senior notes in 9 months. They are borrowing at a pace that would make a leveraged buyout firm nervous.

And what did they get for all that spending? They fired 30,000 people.

On March 31st, Oracle sent an email at 6 AM to tens of thousands of employees telling them their roles were eliminated. 18% of the global workforce gone in a single morning.

TD Cowen estimates the layoffs save $8 to $10 billion in annual cash flow. Which tells you everything about the math:

Oracle can't fund $50 billion in AI capex AND keep 162,000 people on payroll. So the people went.

Net income was up 95% last quarter. The stock is still down 47% from its high.

Mr. Market is telling you something.

The earnings look great on paper partly because Oracle extended the useful life of its servers to 6 years, reducing depreciation expense by billions.

I've been flagging this accounting game across the hyperscalers for months. It flatters the income statement while the balance sheet quietly deteriorates.

Now let's talk about the $553 billion in Remaining Performance Obligations that every bull cites as the "reason" to own this stock:

Roughly $300 billion of that is a SINGLE contract with OpenAI through the Stargate project. Revenue doesn't start flowing until 2027. And OpenAI itself expects to lose over $167 billion through 2028 even if it hits $100 billion in annual revenue.

So Oracle is borrowing $125+ billion to build data centers for a customer that cannot even fund its own operations.

And the data centers themselves are significantly behind schedule:

The flagship Stargate campus in Abilene has been under construction since mid-2024. 2 years later, only 2 of 8 planned buildings are operational, covering about 200 megawatts of the planned 1.2 gigawatts.

The remaining Stargate sites across Wisconsin, New Mexico, Michigan, and other locations are in the earliest stages of development.

The total estimated cost to build out Oracle's 7 gigawatts of planned Stargate capacity runs around $340 billion.

And lenders are already getting nervous.

The Wall Street Journal reported that additional capacity at Abilene originally earmarked for OpenAI ended up going to Microsoft instead - because the banks financing the build were uncomfortable with their credit exposure to OpenAI as the ultimate customer.

When your LENDERS don't trust your tenant's ability to pay, then there's SERIOUS issue.

And by the time those data centers are fully built, the GPUs inside them will already be approaching obsolescence anyway.

Nvidia releases new architectures annually. Each generation delivers dramatically more compute per watt. The hardware goes obsolete in 3 years but the debt used to buy it gets repaid over a much longer horizon.

The AI infrastructure buildout is a treadmill, not a revolution. Oracle is the purest expression of that thesis.

- $206 billion in reported liabilities.
- Billions more hidden off-balance-sheet.
- Negative $25 billion in free cash flow.
- 30,000 people fired to fund the capex.
- A single unprofitable customer behind over half the backlog.
- Data centers years behind schedule.

And 35 analysts saying buy.

This doesn't sound right, does it?

[Mike Investing @MrMikeInvesting]

Nvidia CEO Jensen Huang just revealed the “five-layer” model of what AI is dependent upon…

These 5 layers include:

1. Energy ~ $NBIS, $IREN, $CIFR, $OKLO
2. Chips ~ $NVDA, $AMD, $TSM, $AVGO
3. Cloud Infrastructure ~ $AMZN, $MSFT, $GOOGL, $CRWV
4. Models ~ $META, $ORCL
5. Applications ~ $PLTR, $TSLA

All these names will see generational upside in 2026 as AI continues to expand rapidly.

Save this for later…

[Mike Hoffmann @MikeHoffmann]

Luke Falk shared a Mike Leach story that stopped me cold:

Two kids. One rich. One poor.

Every training camp, Coach Leach told his team about these 2 kids.

The rich kid has two choices.

Get soft. Get entitled. Expect everything handed to him because he was handed more.

Or take the resources, the coaching, the opportunities, and compound them into something greater.

The poor kid has two choices too.

Say nobody gave him anything. Blame the world. Make his circumstances the reason he never became what he could have been.

Or outwork everyone in the room.

Luke said the locker room had both. Kids from wealth. Kids from nothing. Kids with every advantage. Kids who scraped for every inch.

Same choice for all of them.

Ownership or victimhood.
Fuel or excuse.

The rich kid can waste the head start or build on it.

The poor kid can drown in the deficit or weaponize it.

Greatness doesn't come from where you start.

It comes from which kid you choose to feed.

Credit to @coachlukefalk for continuing to share golden nuggets about Coach’s legacy