Sayer Martin

approximately right

[Sayer Martin @SayerPM]

It’s not the odds, it’s the size of the bet. https://t.co/G3JZFEqFgs

[Sayer Martin @SayerPM]

The @ring team responsible for the descriptive notifications is crushing. 👏👏

[Sayer Martin @SayerPM]

Good on you @DarioAmodei

[Sayer Martin @SayerPM]

Just another WTF day in our stock market. https://t.co/U7evNiyrss

[Sayer Martin @SayerPM]

.@andrewrsorkin’s “1929” is a must read. The deep research distilled into an engaging narrative format is hard to put down. How little we seem to learn from history, while believing we’re now smarter.

[Sayer Martin @SayerPM]

Taco Tuesday! #veo3 is wild.

[Sayer Martin @SayerPM]

Huge milestone

[Sayer Martin @SayerPM]

🤯🥺

[Andrew Ross Sorkin @andrewrsorkin]

"That's the news hook for the day." -- Warren Buffett

(He is stepping down at the end of the year as CEO.)

His announcement was a surprise to his successor, Greg Able, and the board.

[Sayer Martin @SayerPM]

Rest in peace, Charlie Munger.

https://t.co/HCzjTJsy2l

[Sayer Martin @SayerPM]

When you’re ready to relinquish X @elonmusk, consider a Willy Wonka-style treasure hunt to find your successor. #goldenticket

[Sayer Martin @SayerPM]

@WarrenBuffett Happy belated Birthday - here’s to many more.

[Thomas Wolf @Thom_Wolf]

This new MusicGen model from Meta is seriously impressive!

[Sayer Martin @SayerPM]

This turned out differently than expected. #LIVgolf

[Sayer Martin @SayerPM]

I’ve yet to see a monopoly that wants itself broken up. https://t.co/QSl3mYO7DS

[Sayer Martin @SayerPM]

Just talked to someone who hadn’t heard of #ChatGPT. They’re still out there.

[Sayer Martin @SayerPM]

This is a well-reasoned assessment of the SVB situation.

https://t.co/LEtEYIQilP

[Nassim Nicholas Taleb @nntaleb]

A BIT OF FINANCE
In the 80s and 90s, on average, one bank failed (and closed) every other day.
Since 2000, we have had an average of 1 bank failing & closing every week.

So ignore those technologists who know nothing of financial history.

[Sayer Martin @SayerPM]

SVB is unfortunate, but its systemic risk is being overestimated.

[Sayer Martin @SayerPM]

Three-letter acronyms are having a tough year.

[Sayer Martin @SayerPM]

At one time, bank stockholders had double liability and could be assessed a penalty to help make depositors and creditors whole after a collapse.

[Sayer Martin @SayerPM]

Buy SVB Financial’s assets, endure short term pain, remain solvent = home run.