Rbz

[Milk Road AI @MilkRoadAI]

This is the man who just bought Leopold's fund, Ken Griffin and this video captures exactly the mindset that let Citadel scoop up Situational Awareness's wrecked portfolio (Save this).

Griffin keeps a $10 plaque behind his desk stating that if everyone is going to eat, someone has to sell, a blunt reminder that every part of running a firm, hiring, raising capital, winning clients, is fundamentally a sales process.

He explains that you're always selling, whether to candidates, vendors, counterparties, or customers and if you're always selling, you're going to hear no constantly.

He illustrates just how brutal that rejection can get with two stories from a single rough day in 1994, a year when Citadel was down about 4% and Griffin flew to Switzerland for a critical lunch meeting.

His lunch date sat down, realized he had the wrong Griffin, mistook him for someone else entirely, and simply got up and left.

Later that same day, a Swiss banker spent 45 minutes with him over a cigar in a beautiful office, only to end the meeting by essentially telling him he'd wasted his talent on the wrong career.

Two rejections in one day for the founder of what became one of the most successful hedge funds in history and Griffin's takeaway was that you just have to tolerate it, since you have to become accustomed to constantly marketing your ideas and what you stand for.

That mentality is exactly why Citadel could move so decisively to buy Situational Awareness's beaten down stock portfolio after Leopold's fund got hammered in the AI rout, since Griffin has spent three decades building a firm around absorbing rejection and market pain as just the cost of doing business, then capitalizing when others panic.

Just like Griffin, Milk Road Pro went shopping during the chaos and bought a bunch of beaten down stocks, if you want to see exactly what we bought, you can join us using the link below for just $1.

[Rbz @_rbzzzz_]

@BigSwingTempo @justfuckingyoda Google “Short Template Fried Egg” and you’ll get a taste of some more. Very Macdonald/Raynor. So cool.

[Rbz @_rbzzzz_]

@therealmcnair Power over poly is power over all

[Rbz @_rbzzzz_]

@rynobrbr @_raymondwill @TommyFleetwood1 He could sign with a brand that “looks good” or one of the largest financial institutions in the world who is likely paying him 7 figures a year to wear the dumb hat. Maybe he should have listed to a guy with 180 followers tho, hat looks bad with the rest of the his fit

[Rbz @_rbzzzz_]

@rynobrbr @_raymondwill @TommyFleetwood1 Water is wet. Changing the logo to match a players fit defeats the entire purpose of brand marketing. No shit a black rectangle looks bad. How brave of you to say

[Rbz @_rbzzzz_]

@rynobrbr @_raymondwill @TommyFleetwood1 Blackstone employs some of the brightest people in the world. I guarantee their marketing team a) has better taste than both of us and b) is aware their black rectangle logo is an eyesore. Again, that’s the point. I bet you know which non golf brand is Jason Day’s visors too

[Rbz @_rbzzzz_]

@juanmeisser @sidprabhu How are 529s worse

[Jay Alto @theJayAlto]

damn, another gigabanger from substack

[Ryan Engle | GOLF+ @Rengle820]

Created this tool to visualize the greens at Shinnecock and how the safe area changes based on stimp. Anything on the red, and the ball will not stop rolling.

This is the 5th green.

[Rbz @_rbzzzz_]

@garyboomer58 Plz let this be a rollover check

[Rbz @_rbzzzz_]

@cjstocks237 @VladTheInflator Top

[Rbz @_rbzzzz_]

@scottsalaske Cerulli has HNW ($5mm+) and UHNW ($20mm+) households at a combined 2% of the population. Hard to make a compelling Direct Indexing case for most investors below those thresholds since most folks $5mm and below have the majority of their wealth in retirement plans.

[George Robertson @BickerinBrattle]

Sign of a top. Always is.

[Rbz @_rbzzzz_]

@wealthMAinsider $50mm AUM independent advisor

$1B AUM wirehouse advisor

[Rbz @_rbzzzz_]

@markcecchini There’s a laughable amount of cope in this thread from people trying to market their firm on X. I’m not at MS any longer but they are absolutely best in class. Acting like you have every bell and whistle they do is idiotic and wrong

[Rbz @_rbzzzz_]

@myersbradley Guilty. Great post.

I will say by exhausting your nonqualified assets first you are making a de facto bet that income taxes remain similar for the rest of your life.

A huge benefit of asset location is more control over future RMDs and tax picture - it’s not just “more at end”

[TSA @TSA]

Protein shakes? 3.4 oz or less, but rotisserie chickens??? As many as you can fit in your carry-on.

[David Hughes @david8hughes]

The dog in Scooby-Doo pissed me off so much. Oh you’ll do it for a Scooby snack? How about you do it or we’ll have you put down

[Rbz @_rbzzzz_]

@gregchipleyesq Hating on a guy bootstrapping a brand from an anonymous Twitter account is so lame. Go build something yourself you fucking dweeb