Had a brief chat w @gerovich at the Whale lounge. Super nice guy! Also went to @dylanleclair’s talk earlier. @metaplanet is turning the Tokyo Stock Exchange into ground zero for the corporate revolt against fiat 🧡
Basically, what’s happened is that the US overused the sanctions weapon.
Now it’s not just Iran that’s being threatened this way, but everyone.
So neutral countries all are now listening to Iran, Russia, China.
US overplayed its hand. And is on track to lose Treasury’s War.
🚨BUFFETT JUST GAVE A SERIOUS WARNING:
HE SAID GOVERNMENTS ALWAYS DESTROY THEIR OWN MONEY AND US POLICY SCARES HIM!
🇯🇵 NOW BERKSHIRE IS MOVING $348B INTO JAPANESE YEN.
THE MAN WHO NEVER PANICS IS PREPARING FOR A DOLLAR FALL...
Just In: Elon Musk on where to invest
“I don’t buy stocks or manage a portfolio. I just build companies.
If I had to pick:
Google (AI groundwork = insane future value), Nvidia (obvious) and anything crushing it in AI, robotics, or spaceflight will own almost ALL the value.”
Jensen Huang explains the difference between AI and traditional Software and why there's no bubble.
Traditional software was pre-compiled, meaning it was built once, stored, and then executed repeatedly with little computation. It didn’t need constant high-power processing once finished. Users simply ran the completed program as a tool.
AI, by contrast, generates its output in real time. It must process context, reason, and produce intelligence at the moment of use, not in advance.
This requires ongoing computation for every request. Because of that, AI systems depend on continuous GPU power to “manufacture” responses like a factory producing tokens. So instead of static software tools, AI is an active computational process that needs large-scale, always-on infrastructure to create intelligence dynamically.
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From 'FT Live' YT channel (link in comment)
I’m selling some of my rental properties.
For the past four years, I’ve owned three rentals.
Between tenant turnover, costly repairs, evictions, rising property taxes, and skyrocketing insurance premiums…I ended up losing money.
Meanwhile, my stock portfolio gained $148k just this past week.
Safe to say, the “boomer gurus” on YouTube sold me the dream and it turned out to be the worst decision of my investing journey.
But hey…you live, you learn, and you pivot.
BLACKROCK is launching a Bitcoin Income Fund!
I assume they'll be generating max front month yield on IBIT, and I predict it will be a MONSTER product.
I assume somewhere around a 3% a month yield, back by the full power of BlackRock.
Well done team!
A lot of people don't understand the difference between power laws and exponential fits.
The SP500 is NOT a power law. But it is an exponential fiat with a CAGR of 11.5% during the existence of Bitcoin. Thats almost 2x the growth of M2, so not bad in and of itself. But garbage compared to Bitcoin, which is still 4x as high.
Note the R2 is 97.7% -- the fit is indeed exponential.