TannerWerderits

[Dave Portnoy @stoolpresidente]

You can’t tell the story of Barstool without @PardonMyTake The biggest, best and most influential sports podcast of all time and its not particularly close. Their book is on sale today. Go buy it. And if you haven’t bought mine yet feel free to double up

https://t.co/CkbmKaSswP

[David Sacks @DavidSacks]

This brilliant lesson on communication by @rabois is why the AI leaders are failing. It’s not sufficient just to “speak your truth.” You have to communicate in a way that elucidates your audience. Convincing the public that your company is a menace obviously fails that test.

[Vfynn_🥷🏼 𐙚 @Vfynn_]

🚨🗣️New: Thierry Henry reacts to the USA vs Paraguay stoppage for TV commercials:

“I’ve spent my entire life in this beautiful game — as a player at the highest level, as a fan, and now as someone who analyses it every week — and what unfolded during that USA versus Paraguay match left me deeply frustrated. The fourth official standing there on the touchline, arm raised high, instructing the referee to hold the restart… not for any injury, not for tactical reasons, and not even primarily for player hydration in that scorching heat. No. It was because the broadcast team hadn’t finished airing all their commercials. That’s not football. That’s a television show pretending to be a World Cup match.

The beautiful game is being strangled by greed. Players are out there in the heat, ready to restart, momentum building like a storm about to break — and we pause everything so the sponsors can cash in. It’s like stopping a symphony mid-crescendo because the advertisers want their jingle heard. Football didn’t conquer the world by turning into American sports with endless timeouts and ad breaks. We had rhythm, flow, emotion that flowed like a river. Now? It’s dammed up for dollars.

This isn’t about hydration or player welfare anymore — it’s a slippery slope where the soul of the game is sold piece by piece. Fans deserve better. Players deserve better. The referee on that pitch looked like a puppet on strings controlled from some broadcast truck. Enough is enough. We need to protect what made this sport the greatest on Earth before it disappears completely.”

The World Cup should be football’s cathedral. Instead, we’re turning it into a shopping mall with a pitch in the middle.

And here’s the question nobody wants to answer: if the fourth official is waiting for commercials, then who is really running the game? FIFA? The referee? Or the broadcasters?

Because the moment football starts asking advertisers for permission before asking the players, you’ve crossed a line.

The World Cup is supposed to be the showcase of football. Not the showcase of who paid the most for airtime.”

[Treasury Secretary Scott Bessent @SecScottBessent]

Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance.

It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.

Senate time is precious, and now is the time to act.

[Dave Portnoy @stoolpresidente]

So Pagliucca offered more to bring it to Boston and got denied. Make it make sense. Only the @WNBA

[RGF @rgfray1]

Jesus Christ, Bussin with the boys not even hiding the plagiarism these days

[The All-In Podcast @theallinpod]

Chamath explains Warren Buffett’s secret to success: “Markets thrive when there's information asymmetry”

“Now I'm gonna get a lot of people really upset with me.”

“This is an example of Warren Buffet's returns pre- and post-Reg FD. Now what do you see?”

“His returns were double the market returns when this kind of information sharing was legal.”

“And the minute that it became illegal and you had to act on the same edge as everybody else, his returns went to the market return. He generated zero alpha. In fact, he probably, on the margins, lost a little bit.”

“So this is the single best investor in the world. This is what happens when you have information symmetry.”

“So it's just meant to explain that markets thrive when there's asymmetry. Billions and billions of dollars will be made in asymmetry.”

“The prediction markets today, unless they are regulated out of existence or shut down, will look like the stock market pre-Reg FD, and there's nothing we can do except choose not to bet it, because otherwise what you're going to have are a ton of sharps taking advantage of a ton of squares.”

[Born635000 @born6350]

@_willcompton Exactly what PMT did..

[MilkSteak @MillkSteakk]

@_willcompton Where have I seen this before 🤔

[The Atlien @Ga_Ballknower]

@_willcompton Ripping off @memes 😂

[Chamath Palihapitiya @chamath]

It’s not 1% a year for 5 years.

It’s a one time 5% tax on all assets and it will kill entrepreneurship in California.

Here is an example:

John Doe starts a company. He takes a nominal salary - say $150k for this example - and the rest in equity in the company. Let’s say he owns 20%. He raises VC capital in 2026 from someone that invests $100M into the company and values the company at $6B. This means his 20% is “worth” $1.2B.

I put it in quotes because he can’t actually sell. He has a paper value that putatively says he’s a billionaire. But he actually lives on $150k because that is what his income is. Just because someone decides to make a bet on the business does not mean some bank account in your name magically gets created with $1.2B in it.

Under the proposed tax, however, John Doe would now owe $60M in cash to California in 2027.

How will he pay it?

Is there some buyer you know of, that the rest of the market doesn’t, that will do a deal at the max value when there is a distressed seller like John Doe who needs money he doesn’t have to pay taxes on value he also doesn’t have!

Now imagine that after the tax is assessed, in early 2027, the company takes a write down to $200M. Now his share is $40M. But he still owes $60M. Again, there are no buyers for his shares per se.

He still only makes $150k/yr.

What is this person supposed to do? He now has a “worth” of $40M but owes California $60M.

Should he declare bankruptcy now because he tried to start a business but was retarded enough to do it in California?

So did you really get the billionaires??

No. Because the mega billionaires have already left or are tax structured to minimize the tax or will fight it.

You will, however, drag a bunch of young, energetic folks who want to make things and hire people into bankruptcy court.

Awesome work, Ro. You should be proud.

[Big Cat @BarstoolBigCat]

They’re building a new interface for podcasting so I think the answer will be yes.

[Repole Stable @RepoleStable]

If Dave @stoolpresidente and I were actually empowered to make the most important decisions on horse racing’s future, both the handle and the foal crop would double in 5 years!!!!!

Both of us would disrupt this sport in a way it has never seen before.

Meanwhile, the same dinosaurs who’ve held this industry hostage for decades have pushed Dave, a MASSIVE horseplayer who owns one of the most influential gambling platforms on earth, to stop betting on racing altogether.

And these dinosaurs are the same ones who have me, someone who pours $40 million a year into this sport, actually questioning my future as an owner.

F$&kin Sad!!!!

Every horseplayer, breeder, track operator, owner, trainer, jockey, aftercare advocate, industry worker, and racing fan should want the same thing!!!!!

Leadership.
Vision.
Evolution.
Innovation.
Disruption.
A real future.

Because the current “leadership”…
@jockeyclub
@TOBAhorses
@NTRA
@BreedersCup
@Equibase
@hisa_us
@raypaulick
@BloodHorse
@theTDN
…is stuck in the Stone Age, clinging to their power while the sport disintegrates.

Let’s retire these Dinosaurs!!!!!

This is the only path forward for the entire industry.

LFG!!!!! 💪

Watch and read the link below 👇

[Dave Portnoy @stoolpresidente]

I agree that the tracks don’t care. They are making money hand over fist with the Caws and could give 2 shits less about the everyday gambler. But just like how technology can giveth it can taketh away. Somebody will invent a daily fantasy platform for horse racing where you skip the tote pool. Bet against other horse players every race or in contests. Don’t need the tracks. That can happen

OR

Pressure on lawmakers. There is no way Stronach and NYRA etc should be allowed to own or parter with CAWS. No other sport would ever allow this in a billion years. It’s insider trading. Horse Racing is just flying under the radar and tracks are being as greedy as possible until they are forced to stop

[Viva La Stool @VivaLaStool]

Fair or Foul?

Making plans a year in advance

[Dave Portnoy @stoolpresidente]

ESPN executives to all their talent forcing them to defend Red Zone changes.

[Dave Portnoy @stoolpresidente]

The haters in absolute shambles

[Dave Portnoy @stoolpresidente]

They were hiding monster numbers @DylanEveryday

[Michael Mulvihill @mulvihill79]

Head-to-head with a record-breaking College GameDay, Big Noon Kickoff more than held its own in Week 1.

3.8 million viewers from 11a-kickoff and 4x the audience of the comparable day last season.

[Dave Portnoy @stoolpresidente]

Oh young @hen_ease Who could have ever seen it coming?