Other Side Asset Management

Other Side Asset Management is a boutique investment firm focused on capital preservation & risk management. Opinions are my own - NOT investment advice

[Leaders 𝕏 Junction @LeadersJunction]

This is how you find peace‼️

[Leaders 𝕏 Junction @LeadersJunction]

Whenever you feel "stuck" in life, watch this‼️

[Other Side Asset Management @OtherSide_AM]

#LetsGoCanes @Canes

[Pat McAfee @PatMcAfeeShow]

"Carolina is probably the hardest rink to play in because of their fans and the way that they play"

@jhugh86 #PMSLive

[Jonesy @HedgeyeDJ]

NCAA Hockey “5 in 5” Eligibility Position Paper

Please find below a link to an extensive white paper addressing concerns around the proposed NCAA eligibility changes and their detrimental impact on ice hockey. Some key points from our paper:

•The proposal would dramatically alter a decades-long development pipeline that has supported academic progress, competitive parity, and professional player development in NCAA hockey.

•It would disproportionately disadvantage the 2006–2010 birth cohorts, who have invested substantial time and financial resources based on the existing, well-established pathway.

•Many incoming freshmen could face material uncertainty in roster status, development trajectories, and long-term opportunities despite an implicit understanding between athletes, institutions, and the NCAA.

•Sport-specific carve-outs are consistent with NCAA practice; men’s ice hockey already benefits from tailored rules for drafted players and extended enrollment deferrals.

•The white paper advances policy alternatives that preserve the core intent of age-based eligibility reform while avoiding harm to players and families and preserving a development pipeline that demonstrably functions well.

Full paper here: https://t.co/mHinKfuawm

CC @KeithMcCullough @hedgeye

[Other Side Asset Management @OtherSide_AM]

Let’s Go @Canes

🧹🧹🧹

[Brivael Le Pogam @brivael]

Elon Musk avait dit un truc qui m'avait marqué sur l'allocation de ressources. En substance : passé un certain niveau de richesse, l'argent n'est plus de la consommation, c'est de l'allocation de capital.

Cette phrase change tout.

L'économie, dans le fond, c'est juste un problème d'allocation. Tu as des ressources finies et des usages infinis. Qui décide où va quoi ?

Imagine une cour de récré. 100 enfants, des paquets de cartes Pokémon distribués au hasard. Tu laisses faire. Très vite, un ordre émerge. Les bons joueurs accumulent les cartes rares, les collectionneurs trient, les négociateurs trouvent des deals. Personne n'a planifié. Et pourtant chaque carte finit dans les mains de celui qui en tire le plus de valeur. Le système maximise le bonheur total de la cour. C'est ça, la main invisible.

Maintenant fais entrer la maîtresse. Elle trouve ça injuste. Léo a 50 cartes, Tom en a 3. Elle confisque, redistribue, impose l'égalité. Trois effets immédiats. Les bons joueurs arrêtent de jouer, à quoi bon. Les mauvais n'ont plus de raison de progresser, ils auront leur part. Les échanges s'effondrent. La cour est égale, et morte. Elle a maximisé l'égalité, elle a détruit le bonheur.

Le problème de la maîtresse, c'est qu'elle ne peut pas avoir l'information que la cour avait collectivement. C'est le problème du calcul économique de Mises, formulé en 1920. L'URSS a essayé de le résoudre pendant 70 ans avec le Gosplan. Résultat : pénuries, queues, effondrement. Pas parce que les Soviétiques étaient bêtes, parce que le problème est mathématiquement insoluble en mode centralisé.

Quand Musk a 200 milliards, il ne les consomme pas, il les alloue. SpaceX, Starlink, Neuralink, xAI. Chaque dollar est un pari sur le futur. Et lui a un track record. PayPal, Tesla, SpaceX. Il a démontré qu'il sait identifier des problèmes immenses et y allouer des ressources avec un rendement spectaculaire.

L'État aussi a un track record. Hôpitaux qui s'effondrent, éducation qui décline, dette qui explose, services publics qui se dégradent malgré des budgets en hausse constante. Le marché identifie les bons allocateurs, la politique identifie les bons communicants.

Le profit n'est pas une finalité, c'est un signal. Il dit : tu as alloué des ressources rares vers un usage que les gens valorisent suffisamment pour payer. Plus le profit est gros, plus la création de valeur est grande. Quand Starlink est rentable, ça veut dire que des millions de gens dans des zones rurales ont enfin internet. Quand un ministère est en déficit, ça veut dire qu'il consomme plus qu'il ne produit. L'un crée, l'autre détruit, et on appelle ça redistribution.

Dans nos sociétés il y a deux catégories d'acteurs. Les entrepreneurs et les bureaucrates. L'entrepreneur prend un risque personnel pour identifier un problème, mobiliser des ressources, créer une solution. S'il se trompe il perd. S'il a raison, ses clients gagnent, ses employés gagnent, ses fournisseurs gagnent, l'État collecte des impôts. Il est la cellule de base du progrès humain.

Le bureaucrate ne prend aucun risque personnel. Son salaire est garanti. Au mieux il maintient une rente existante. Au pire il la détruit par excès de réglementation, mauvaise allocation forcée, incitations perverses qui découragent ceux qui produisent. Mais dans aucun cas il ne crée.

Regarde les 50 dernières années. iPhone, internet civil, SpaceX, Tesla, Google, Amazon, Stripe, mRNA, ChatGPT. Toutes des inventions privées, portées par des entrepreneurs, financées par du capital risque. Pas un seul ministère n'a inventé quoi que ce soit qui ait changé ta vie au quotidien.

La France est devenue le laboratoire mondial de la dérive bureaucratique. 57% du PIB en dépenses publiques, record absolu. Une administration tentaculaire, une fiscalité qui pénalise la création de richesse. Résultat : décrochage face aux États-Unis, à l'Allemagne, à la Suisse. Fuite des cerveaux. Désindustrialisation. Dette qui explose.

Et le pire c'est que la mauvaise allocation s'auto-renforce. Plus l'État prélève, moins les entrepreneurs créent. Moins ils créent, moins il y a de base fiscale. Plus l'État s'endette et taxe. Boucle de rétroaction négative parfaite. La maîtresse pense qu'elle aide, et chaque année la cour produit moins.

Dans nos sociétés, ce sont les entrepreneurs, toujours, qui font avancer la civilisation. Les bureaucrates au mieux maintiennent une rente, au pire la détruisent. Aucune société n'a jamais progressé en taxant ses créateurs pour subventionner ses gestionnaires.

La question n'est jamais qui a combien. C'est qui alloue le mieux la prochaine unité de ressource pour maximiser le futur de l'humanité. La réponse depuis 200 ans n'a jamais changé. Ce ne sont pas les fonctionnaires.

[Greg Berge @GregBerge]

The most undercoached skill in your program?

Effort.

TJ McConnell said it best:

“I genuinely believe that playing hard is a skill, because if it wasn’t, everyone would do it.”

You can’t just demand it.
You have to develop it. https://t.co/8HikuTlZPU

[Vala Afshar @ValaAfshar]

KOBE BRYANT’S 10 RULES:

1 Get better every day
2 Prove them wrong
3 Work on your weaknesses
4 Execute what you practiced
5 Learn from greatness
6 Learn from wins and losses
7 Practice mindfulness
8 Be ambitious
9 Believe in your team
10 Learn storytelling

[Other Side Asset Management @OtherSide_AM]

While I’ve done my best to keep politics over the last year or so… this is batshit crazy

Anyone who thinks this is “for billionaires” should really look at history

At the same time, outside of it being a complete governmental over reach - it will destroy California as anyone with a pulse, brain or means (those they are saying they will tax) will leave

[Chamath Palihapitiya @chamath]

As you go to work today and settle into the week, please study the form below. You will soon need to fill this out EVERY year and tell the government what you own and then allow them to tell you how much its worth.

That is the framework that is enabled by the Trojan Horse "Billionaire Tax" that is trying to get passed.

Give them credit: they cleverly use Billionaires as the hook, but build in the language and the framework that will allow the Legislature to simply extend the tax to everyone and make it yearly.

And this is where the form below comes in...

In this case, ask yourself, will it be you or the Billionaires that will be able to fill this out properly and avoid penalties.

As much as Billionaires can be pushed to do more for society, we all know that they have the infrastructure to manage these kinds of disclosures...middle class Californians do not and they will be the ones that get penalized in the end.

[Other Side Asset Management @OtherSide_AM]

All the greats say the same thing…

[Joe Rogan Podcast News @joeroganhq]

Larry Bird: "My confidence came from me shooting basketball by myself for hours up on hours."

[Other Side Asset Management @OtherSide_AM]

Casual observation … probably not a popular opinion but:

How lazy of a society have we become??

Outside of the obesity/sickness data that exists today - our propensity to take weight loss drugs like Ozempic and Wegovy

This morning, the drive through line around Starbucks circled both the Starbucks building as well as the adjacent Verizon

So I parked…

There were 3 (THREE) people physically in line

The wait - exponentially shorter … but you had to walk all of 50 feet 🙄🤦‍♂️

Come on people, we can all do better!!

[Other Side Asset Management @OtherSide_AM]

https://t.co/E3yoUfl9mN

[Elon Musk @elonmusk]

Exactly

[Other Side Asset Management @OtherSide_AM]

I found this interesting:

“This marks our first regime shift in over 185 trading sessions, and the first shift to Risk Off since February 28th, 2025, after which SPX fell -16.2% through early April.”

So we’ll see if this one lasts closer to 6 days or 75?! But definitely one of the many things to pay attention to

[Insane Clips @StreetFightsHQ]

Tim Tebow hosted a red carpet event called 'Night to Shine' to celebrate and uplift individuals with special needs ❤️

[Kobe Bryant Stories & Motivation @kobehighlight]

“Look at how I did it. The how.”

- Kobe Bryant

[Nayib Bukele @nayibbukele]

Cuadra por cuadra... tardará un poco, pero quedará hermoso.

[Geiger Capital @Geiger_Capital]

The reason many of our leaders hate people like Nayib Bukele in El Salvador is because he has quickly proven that crime and societal decline are not inevitable or beyond control…

It’s a deliberate choice allowed by weak leaders, terrible policies and suicidal empathy.

[William Makis @MakisMedicine]

NEW ARTICLE: IVERMECTIN and MEBENDAZOLE Testimonial - 51 year old South Carolina woman with Stage 4 Breast Cancer reports after 4 months. From 2.5cm metastasis to Cancer Free!

Big Pharma bots have been quiet last few days after i wrote a lengthy post on the status of my medical licenses including Florida medical license 😃

New Florida Cancer Clinic is coming soon!! 😉

STORY:
51 year old South Carolina woman with Stage 4 Breast Cancer

In October 2025 she started Ivermectin and Mebendazole

Results after 4 months: CANCER FREE

"her tumor under her left arm shrunk 67%. From 2.5 to 0.8"

"Also, she had a Guardant blood test back in Sept of this year before we started protocol and it was positive (8.8) We just got back the results from one recently run and it came back Negative (0)"

"So there is currently no cancer in her blood."

When you enter Ivermectin and Mebendazole into any decent AI, it will deliver these two as among the top 3 most promising drugs in Cancer.

Big pharma is waging a war against Cancer patients, trying to stop these advancements in repurposed drugs and "Right to Try".

It's almost comical to watch, but real people are being hurt by Big Pharma's antics.

When corrupt people like @doritmi or @AlexBerenson start attacking and abusing cancer patients on social media, it's disgusting to watch. They are evil.

I have helped over 9000 Cancer patients with Ivermectin, Fenbendazole and Mebendazole, the largest such project in the world. 😉

New Florida Cancer Clinic Coming!! 😃

Every cancer patient should be on my sub.stack, read the information in my X bio for details.

God bless...🙏

[Other Side Asset Management @OtherSide_AM]

Parents with children in sports … listen up👇👇👇

[Clay Travis @ClayTravis]

Great answer from @dhurley15 here.