Henry

[Henry @Leseptemb]

@Hypertonx Agreed. I calculated ~ +45% yoy for ATS ex both whales. Smaller whale growing >100% yoy. Market reaction is ridiculous. Lots of weak hands folding today. Not enough thoughts put into what additional sales investment enables in this business. All it takes is 1-2 more whales

[Henry @Leseptemb]

@leevalueroach Really didn’t expect the market reacting this way. Still don’t like the phrase but understandable management wants to manage expectations.

2 whales revenue as percentage is admittedly high but non-whales ATS still increasing roughly 48% yoy. Not a bad situation to be in at all

[Henry @Leseptemb]

Very solid numbers on $EVC again.
Might be a bit early to declare victory, though. Possibly nothing major other than short-term hiccups but still don't like this..

[Henry @Leseptemb]

@MicroCapClub @kingdomcapadv Fortunately already fully sized my position and the MCC $MTY.NE write-up years ago sharpened my mental model of the current situation at play, so I‘ll forgive this transgression.

[Henry @Leseptemb]

@amasad I could see the name https://t.co/0e1xnKYBmq which makes sense on multiple levels and seems to be available @elonmusk

[Henry @Leseptemb]

@levelsio This, among other things, is part of my bull case for @Replit. They‘re pretty good at seamless DevOps

[Henry @Leseptemb]

@DevonRJames @grok @patio11 Do you mean @what3words?

Article for Mongolia rollout: https://t.co/6e4Osmc9xK

[Henry @Leseptemb]

@FoundersPodcast Great episode David!

[Henry @Leseptemb]

@TrungTPhan The same theory also partly explains the fentanyl drug issue, it’s all about the internal discount rate

[Dr. Robert Cialdini @RobertCialdini]

I have never had heroes, except for Charlie Munger. Today I learned that the man who was my longtime friend, mentor, and supporter passed yesterday at 99 years and 11 months. Although he missed the century-old mark by only a few days, I don't think it would have mattered to him at all. Charlie didn't care about such designations. He only cared about finding ways to generate positive outcomes--and, crucially, not just for himself. He wanted everyone he could reach to benefit, too.

Charlie was a capitalist to the bone. But, he advocated a rarified form: selfless capitalism. Two sentiments I heard him express make the case. In describing the importance of acquired wealth, he said it was, "to be in a position to help others when trouble comes." So, it wasn't to protect oneself from tribulation; it was to rescue the less well-positioned from it.

Even more impressive to me was a statement he made on the moral responsibility of highly successful businesspeople to share fully their methods for producing that success--something he and Warren Buffett do relentlessly at Berkshire Hathaway. "Amazing," I remember saying to myself when I heard his claim. Here's a man at remarkably elevated levels of business attainment who, rather than secreting his causal practices and strategies, recommends revealing them widely to spread and thereby enlarge the gain. What's more, he walks his talk. Just amazing.

I haven't cried in years. But, today, I wept.

[Paul Graham @paulg]

"I think a life properly lived is just learn, learn, learn all the time."

— Charlie Munger

[Henry @Leseptemb]

@rickasaurus @YeahGloveSki I think the last sentence here is key. If other civilizations have formed societies with similar characteristics as ours, there is no need for AGI, just the hint of it, for a civilization in competition among each other to do something stupid (MAD).

This or the simulation arg.

[Henry @Leseptemb]

@mmay3r @robinhanson @paulg This whole thread is why I love Twitter. Personally trying to stay away from social capital, not a good fit personality wise

[Henry @Leseptemb]

@TheCharlieton Not entirely sure where I read it but reading the Economist, among other specific, commonly rather unnoticeable things, is one of the ways how the upper class is signalling their status in a world where signalling through a price tag has become insufficient
If you know, you know

[Henry @Leseptemb]

@Denis__Shatalin @jakobgreenfeld Shoutout to @paperwebsite

[Henry @Leseptemb]

@tinyprojectsdev You’ve earned compliments like this one. Hoping that Mailoji will catapult you into a true bootstrapped, large venture in case you decide not to sell. A true not-so-tiny project regarding potential impact & scale.

[Henry @Leseptemb]

@paulg Your kid will go far in Cyber Security one day

[Henry @Leseptemb]

@MiritNaim @ChrisBloomstran Agreed, he knows how to structure his deals so they work out for him personally. Historical goats did that as well but created long-term value for most people along for the ride. Personally, I don’t see that right now, over the long-term. Time and down markets will tell

[Henry @Leseptemb]

@paulkeno_ @orangebook Great quote

[Henry @Leseptemb]

@capy_capital @ChrisJBakke @levie @Cokedupoptions Power Play inception