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[Variant @VariantMkt]

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[Variant @VariantMkt]

@JaguarAnalytics Here's the original post! https://t.co/33xxeZ7l3k

[Variant @VariantMkt]

Citadel just released its Tokenomics research. Worth a read for all semis and software investors on X.

According to Citadel, the best returns will come from companies that lower Ai costs and improve efficiency, not those building the best models.

- AI is hitting economic limits. Citadel's message is that the constraint is no longer model capability—it's token costs, compute, power, and inference budgets.
- Customers are already optimizing for cost. Rising token bills are pushing users toward cheaper models and more efficient workflows, suggesting AI demand may be more price-sensitive than investors assume.

[Variant @VariantMkt]

@davidvgilmore @RaylineAI This is great. Very thoughtful write up and thesis. Thx for sharing !

[Variant @VariantMkt]

Citadel just released its Tokenomics research. Worth a read for all semis and software investors on X.

According to Citadel, the best returns will come from companies that lower Ai costs and improve efficiency, not those building the best models.

- AI is hitting economic limits. Citadel's message is that the constraint is no longer model capability—it's token costs, compute, power, and inference budgets.
- Customers are already optimizing for cost. Rising token bills are pushing users toward cheaper models and more efficient workflows, suggesting AI demand may be more price-sensitive than investors assume.

[Variant @VariantMkt]

@stockthoughts81 Have known Scott from his Apollo days. Very sharp guy.

[Variant @VariantMkt]

Now Open! Get catalysts and 24/7 alerts from Wall Street. Build your custom broker on Variant today.
https://t.co/oJ1zexRxQT

[Variant @VariantMkt]

Some other OG's here that are connected to AE. @sagharborcap @ReustleMatt @JamesRMcNab @altcap @alixpasquet @FNolde @MikeSimanovsky @TMTLongShort

[Variant @VariantMkt]

Columbia Value Investing has become of the elite training grounds in investing over the past several decades. Was fortunate enough to participate in the Analyst's edge class years back and learn from some of the greats.

The lineage includes
- John Griffin
- David Greenspan (Slate Path)
- Chase Coleman (Tiger global)
- Ethan Binder (Slate Path)
- Roberto Mignogne (Bridger)
- Chase Sheridan (Ruane Cunniff)
- Steven Marks (ex blue ridge)
- Shayan Mozaffar and @alixpasquet
+ more

@AlokANYC @StirlingLevy @rick_gerson @TSOH_Investing

[Variant @VariantMkt]

some others with ties to the community! @JamesAldige and @Campbell__W and @jamiemendola and @dsundheim

[Variant @VariantMkt]

@mastersinvest
@Campbell__W
@ChrisPavese
@tsaicapital
@CatalystDrivenX
@dennisihong
@FundamentEdge
@endowment_eddie
@rich_toad
@ClarkSquareCap
@JamesAldige
@CliffordSosin
@npdbos
@marcelolima
@AvantoPartners
@jamiemendola
@JamieSterne
@JosephTalia
@dsundheim
@BillAckman
@alixpasquet
@CohoCap
@patrick_oshag
@Greenbackd
@robvinall

[Variant @VariantMkt]

@kirinsinha @Snap @Illumix Congrats @kirinsinha and @evanspiegel. Illumix + Snap is a big step towards spatial computing becoming mainstream.

[Variant @VariantMkt]

@jackgriff1n W

[Variant @VariantMkt]

Ai powered avatars are taking over hedge funds.

The Ackman avatar on Variant is up 11.56% YTD. Predictable, cash generative businesses + ai. Drop a retweet or share with @BillAckman so we can make it open to everyone :)

[Variant @VariantMkt]

@lauradang0 Sent you a dm!

[Variant @VariantMkt]

@jackgriff1n @j0hnwang huge!

[Variant @VariantMkt]

@brookeleblanc @WHOOP @ouraring Just did a run there! What's the benefit of oura + whoop at the same time?

[Variant @VariantMkt]

Including a few other FIGR shareholders who see eye to eye. @aaronxkong @21mastersBob @stockninja4720 @LorLandis @CROMATICs

[Variant @VariantMkt]

Figure Markets is quietly becoming an infrastructure play for tokenizing the Alternatives category. Analysts view it as a marketplace for tokenized HELOCs and are missing the impact that on-chain private equities would have.

[Variant @VariantMkt]

@mcagney and @MiguelArmaza have got to see this re Figure

[Variant @VariantMkt]

Event Driven Pitch of the Day:
FUN (Six Flags + Cedar Fair) post merger equity. Real estate monetization combined with transformation from regional theme park to media centric platform
@DanielSLoeb1 @puppyeh1 @notvikingpm

[Variant @VariantMkt]

@nemild @ycombinator @Kalshi @bradflora Good to see you @nemild !