Chuck Hollis

Retired tech exec, playing music in an idyllic beach town.

[Chuck Hollis @KeyboardChuck]

@cryptopunk7213 I'm a bit more philosophical here.

Tech execs blow up (or get blown up!) all the time. The reasons change, the dynamic doesn't.

I think their board is now a target for multiple shareholder lawsuits, simply because they made zero preparations for this day.

[Chuck Hollis @KeyboardChuck]

Gonna call my "financial adviser" who was all gung ho about $NVDA going to the moon.

I said I had seen this movie before in tech.

A tech stock priced for perfection, something inevitably happens, then everyone realizes just how stupid they've been.

I also shared why I thought their moat was temporary at best. Chips are chips in the long run, just ask Intel.

You could see this coming a mile away.

[Chuck Hollis @KeyboardChuck]

@lizisamused Uh, no.

Women will offer up their feelings as objective reality. They do the meme all the time.

As if the world is supposed to care about what you're feeling right now.

Men know that your feelings only apply to you, no one cares, and facts matter much more.

[Chuck Hollis @KeyboardChuck]

The real story about $NVDA is about to emerge.

The board of directors will likely face a shareholder suit for extreme negligence.

They didn't have a succession plan for the CEO.
They didn't inspect the org chart with 60 direct reports.
They didn't plan for a future without Jensen.

That's fiduciary negligence.

I can rattle off the names of tech CEOs who got pushed out under similar circumstances. This stuff happens all the time.

The board must have had the easiest job in all of tech, just watch the numbers go up and up.

And now it's accountability time.

[Chuck Hollis @KeyboardChuck]

@followhear52931 @REMarketingTips Stuff you may have missed or just gotten used to. Electrical outlets, cracks, etc. Usually very minor but shows up on a property inspection.

[Chuck Hollis @KeyboardChuck]

@RonDeSantis I hope so. I just got my wife over that hurdle, and -- poof.

[Chuck Hollis @KeyboardChuck]

It struck me recently just how much of a societal advance having an AI chatbot on your phone can be.

I have acquaintances who are great people but definitely not the brightest.

They now ask ChatGPT about everything.

Finances, purchases, relationships, child raising, etc. etc. etc. Any question at all that pops into their head.

They say it's changed their lives.

I now realize this is an enormous equalizer for humanity. Sort of like a mobility scooter for the intellectually challenged.

Now everyone can make better decisions in life, just by asking their phone.

What an amazing time we live in.

[Chuck Hollis @KeyboardChuck]

@lizisamused Females can certainly hold their own. Had a GF in uni who was into abstract math. I'm a math geek, it was all way beyond me. She went on to get her PhD.

[Chuck Hollis @KeyboardChuck]

@IterIntellectus Click! Another piece of the gender puzzle just fell into place for me.

My wife is deep into romantic fantasy novels, written by women for women. Very elaborate and complex yet ultimately silly stuff.

I couldn't fathom her interest in it. Now I get it.

[Chuck Hollis @KeyboardChuck]

@Seabreezerwoo @skumWgmi Hahaha, I guess so.

Not really meant that way, just letting him know that some people are doing well at the rat race, can actually pay for everything and still save a bunch.

[Chuck Hollis @KeyboardChuck]

It's an interesting situation in FL right now.

First, given the national midterm results, I think we're going to get popular again with residents of formerly red states, like Texas.

Byron Donalds was Trump's appointee for governor. I'll be interested to see what he does when he takes office.

We passed Amendment 3, raising the homestead property exemption to $250k.

Florida is fully of teeny, tiny hamlets in the middle of nowhere that are unduly dependent on this specific slice of tax revenue.

When this has happened in the past, the tiny towns consolidate with the county who provides the services.

Life goes on as before.

It is unsurprisingly ironic that several of these towns vocally opposed new data centers which would have brought desperately needed jobs and tax relief to their impoverished locales.

Personally, I think people are imbeciles for opposing modern data centers.

Decent zoning keeps them away from residential areas, sensitive wildlife and valuable agriculture. Modern ones use almost no water and can generate their own power.

They're intelligence factories. Electricity in, intelligence out. And there's bottomless demand.

Hundreds of decent permanent jobs, tens of millions in new property taxes, better schools, more police, etc.

But no.

Poverty doesn't make you dumb, but stupidity can sure make you poor in a hurry.

[Chuck Hollis @KeyboardChuck]

Many people start to diversify well before retirement. Having all your eggs in one basket is never a good idea.

Since most 401ks invest in the S&P500, people will diversify into dividend funds, bond funds or real estate.

They don't pay as well as a good year for the S&P, but they do pay during good years and bad. Real estate for us has kept pace with the broader market.

If your S&P500-heavy 401k dive bombs, have enough that you can run for a few quarters until it starts to recover.

You only lock in losses when you sell.

[Chuck Hollis @KeyboardChuck]

@grantstern Nothing a few data centers couldn't fix.

[Chuck Hollis @KeyboardChuck]

You must live in a building of some sort, right?

Where do you think the land came from?

Schools, factories, shopping, roads, etc. -- all formerly wilderness.

I don't hear you complaining about any of it.

FL is well underway with one of the largest environmental restoration projects in history.

I feel sorry for people with really low IQ as they'll never really appreciate how the world works.

[Chuck Hollis @KeyboardChuck]

@JeremyRoss77 We'll probably see more merchants offering discounts for cash and debit. "Free" points will evaporate. Shorter grace periods, that sort of thing.

Somewhere along the line people got way too addicted to easy credit. So not entirely a bad thing.

[Chuck Hollis @KeyboardChuck]

@florida_grand Wait until the new Dem crew takes power next spring and starts passing new laws.

I bet we'll see a few more come this way.

[Chuck Hollis @KeyboardChuck]

Haha, I'm old enough to remember Nixon freezing gas prices.

Instant long lines on odd/even days. Very third world.

You're right, banks will have to figure out who makes them money in a 10% world, and it won't be the underclass.

Annual fees will go up, the freebies will evaporate, far fewer will qualify, grace periods reduced, etc.

All for a bit of political theater.

[Chuck Hollis @KeyboardChuck]

@MarceloLima This is more relevant to $NVDA long-term potential than the Jensen thing.