Bill Ackman is openly trying to build the next Berkshire Hathaway and explained the entire playbook on All-In. It starts with a 4 billion dollar company nobody on Wall Street cares about.
The company is Howard Hughes. It trades at 60 cents on the dollar.
Here is the playbook he is copying.
Someone went back and read every filing Warren Buffett made over 60 years. Almost all of Berkshire's value came from one thing nobody talks about. Insurance.
Buffett ran an insurance company. You collect premiums today in exchange for paying claims later. That means you get money up front. Float.
Most insurers obsess over the liability side. How much they might have to pay out. Buffett did the opposite. He took that float and invested it.
Manage both sides well and you build a compounding, tax-efficient machine that runs for decades.
So why hasn't everyone copied it? Because the people great at investing go work for hedge funds. Insurance companies can't recruit them. Buffett owned half his company and happened to be the best investor alive.
Ackman is now running the same play. Instead of plowing Howard Hughes cash into real estate, he is pouring it into insurance.
The goal is a trillion dollar machine compounding over 50 years.
Buffett started with a failing textile mill. Ackman is starting with land nobody wanted.
The playbook was never hidden. Almost nobody is built to run it.
WATCH THE FULL PODCAST ON @theallinpod
TWELVE IN ONE PATCH!! Effectively annihilating the character instantly. Meanwhile Gambit has received 13 nerfs in total since his release (7 months ago btw) and he still remains the most broken support in the game with the highest ban rate BY FAR.
I don't even mind Black Cat getting nerfed (definitely think they went about it the wrong way tho) but WHY isn't the same sort of energy being directed towards the other insanely overpowered characters too? Is it really that crazy to say that there's very clear favoritism going on here?
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.
The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.
Access to all other Claude models is not affected.
We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.
Read our full statement: https://t.co/bwn0sximKZ
THIS GUY VIBE CODED A TRUE 3D PROPERTY TOUR TOOL WITH CLAUDE CODE
not the fake 360 photo stitching that matterport does, actual 3D
right now if you're a real estate agent and want a property tour you need:
> a matterport camera ($3000+)
> a photographer who knows how to use it
> matterport's monthly subscription
> and you still get a glorified panorama, not real 3D
this guy built a tool that takes your existing captures (camera files, drone shots, 360 photos, EVEN phone captures) and turns them into a real interactive 3D tour in one workflow
no specialized hardware, no photographer, no switching between 5 different tools
real estate agents, property managers, airbnb hosts, architects, interior designers
all of them are paying hundreds per property for something this tool does from captures they already have
the painful part was never understanding the end result.
everyone knows what a 3D tour looks like. the pain is going from a pile of messy capture files to something usable without it turning into a technical project
this solves that with one workflow
you dump your files in and get a 3D tour out
insane what you can do with vibe coding
SOMEONE JUST KILLED THE REAL ESTATE INDUSTRY
A guy scanned an entire house with his phone. Uploaded it.
Now anyone on Earth can walk through it in a browser tab. No app. No VR. No agent. No appointment.
Click → you’re inside. Every room. Every angle. Every shadow. Photoreal.
The numbers are insane:
- Agent fee on a $500k home: $15,000
- Cost to make this scan: ~$200
- Time to “tour” 50 houses: one evening
- File size: smaller than a TikTok
The science is wild too:
It’s called 3D Gaussian Splatting instead of polygons (how games render), it uses millions of tiny glowing “splats” of color and depth.
AI reconstructs reality from your photos. The result loads on a phone and looks like you’re THERE.
The grift opportunity is even wilder:
Freelancers are already charging $300–$800 per scan for realtors, Airbnbs, venues, car dealers, museums.
One person + one phone + one weekend = a business.
Open source. Built on PlayCanvas.
Free GitHub: https://t.co/ew6Ql8Ad6u
The 'vibecoding' hype is officially hitting a wall. We have passed the peak of inflated expectations regarding AI eliminating all software developers.
David Sacks recently broke down the reality check the tech industry is facing, citing insights from Aaron Levie and Matthew Yglesias. The consensus is shifting: people do not actually want to 'vibe code' their own complex applications.
The real consumer demand is simple. We want professionally managed software companies to leverage AI coding assistants to build better, cheaper products. The translation is straightforward: just lower your prices, do not make the end user vibe code.
While agentic coding is an undeniable boon for professional developers looking to scale their output, and fantastic for beginners learning the ropes, it breaks down when casually building complex software. Casual users are not equipped to take on the ongoing risks of system upgrades, routine maintenance, bugs, and cyber security threats.
Chamath Palihapitiya takes it a step further, calling this casual approach to enterprise software a massive risk rather than just a tax on knowledge workers. He predicts that we will eventually see a public company completely torch its enterprise value because someone tried to vibe code their way out of a problem, leading to inevitable firings.
As Jason Calacanis points out, this is exactly how the technology adoption lifecycle works. The industry is currently moving from the peak of inflated expectations down into the trough of disillusionment. AI agents will eventually climb the slope of enlightenment and become a highly productive standard, but the idea of replacing the entire professional developer workforce overnight was just a phase in the cycle.
FT: @theallinpod@jason@davidsacks@chamath@friedberg
Unboxing and first look at the new @Logitech MX Master 4 mouse ⚫️
Most people already know how good the MX Master series from Logitech is, it’s basically the gold standard for productivity mice. This new version takes that even further with a few nice upgrades 👇
First, haptic feedback. You now get subtle vibration on key actions, shortcuts, and notifications. You can feel things like snapping to grids, switching desktops, adjusting sliders, and more. You can also customize the feedback intensity and add plugins for third-party apps using Logi Options+.
Second, new materials. The surface is more stain resistant and easier to clean, so the mouse keeps that fresh look over time.
And third, a new thumb button with the Actions Ring. It brings your favorite tools, shortcuts, and actions right to your cursor. No more digging through menus, just quick access when you need it. You can fully customize it and add plugins to fit your workflow.
Additional features include 2x better connectivity, ultra-fast scrolling with the MagSpeed scroll wheel, 8K DPI tracking on any surface including glass, and Logi Options+ for full customization.
Everything else you expect is still here, super comfortable, precise, and built for long work sessions on both Mac and Windows. Available now for $119 / 129€.
What mouse are you using?