Buford

Strikes and gutters

[Buford @ACapMgmt]

@rev_cap @WarrenPies At least 2 of those 7 instances were not a time to be raising rates, ‘00 and ‘08

[Buford @ACapMgmt]

Idea that Buffett isn't serving as consigliere on major investments, if not full on CIO is frankly silly.

[Buford @ACapMgmt]

@docrodwong @dsjdirect Are you familiar at all with the oil and gas industry?

[Stephen L. Miller @redsteeze]

His party has been in charge of New York City for 25 years.

[Handre @Handre]

The Soviet whaling fleet killed 180,000 whales between 1948 and 1973, delivering rotten carcasses that nobody wanted to eat. Soviet citizens had zero demand for whale meat. The ships hunted anyway, fulfilling quotas handed down from central planners who counted tons of dead whale as economic output.

This was bureaucratic box-checking that nearly drove multiple whale species to extinction. Soviet whalers targeted endangered right whales and humpbacks specifically because they were larger, helping them hit tonnage targets faster. The meat rotted on deck during long voyages back to port, where officials dutifully recorded the numbers and sent reports to Moscow declaring another successful harvest.

Central planners measured success in tons harvested, not consumer satisfaction or long-term sustainability. Factory managers got promoted for exceeding whale quotas, regardless of whether anyone actually wanted whale meat (they didn't). The feedback mechanism that normally connects production to human needs had been severed entirely. When bureaucrats replace market prices with administrative targets, you get mass slaughter with zero purpose.

You still see this today every time politicians promise to "create jobs" in industries that lose money year after year. When government agencies measure their success by dollars spent rather than problems solved. When university administrators chase enrollment numbers instead of student outcomes.

Remove the profit motive and price signals, and you get 180,000 dead whales rotting in the sun while commissars celebrate meeting their targets. You don't get rational planning.

Socialism is fundamentally destructive to the environment and inevitably leads to ecological disasters.

[Buford @ACapMgmt]

@ContrarianCurse Once you give up sugar for an extended period, you'll never go back. I'm about a year in and am literally never tempted to touch it, find it gross now.

[Buford @ACapMgmt]

ICYMI the Bezos interview on CNBC by @andrewrsorkin, was highly informative.

That is, if top of mind as an investor you were interested in, by order of discussion:
1) Inequality
2) Federal tax rates
3) NYC Pied-a-terre tax
4) Melania movie
5) Has Trump mellowed?

Last 5 mins of the hourlong interview were on space, Prometheus and AI (only as it relates to killing jobs). Amazon mentioned tangentially over the hour, never asked about specifically.

Bravo! Indeed, that is the channel it should have been on rather than a finance/investing channel.

[Buford @ACapMgmt]

Leave it to Sorkin to completely F up a rare, exclusive interview by hijacking it with his own personal political agenda. Why do people like this give him the time?

[Fox News @FoxNews]

“Your character will take you further than your resume. Continue to be kind. Continue to be humble.”

NBA legend Shaquille O'Neal shares an inspiring message with graduates during Louisiana State University’s commencement ceremony after receiving his own master’s degree from LSU.

The Hall of Famer laid out five key rules for the graduates to live by, emphasizing resilience, humility, and continuous learning.

O’Neal encouraged students to keep learning, embrace failure as motivation, and understand that persistence is essential to achieving success.

[Spencer Pratt @spencerpratt]

My house burned down. I lost everything. I can’t rebuild. As a 42 year old man with 2 kids, I’ve had to move into my parents’ house, and I’m getting attacked for that? This is journalism? This is why no decent people ever get into politics. This is why you only have goblins running everything. God help you if you try to make things right for your community…if you lose your entire town, “journalists” mock you for not making your kids sleep in the toxic dirt on your burned out lot. Who raised you, dude?

[Max Gagliardi @max_gagliardi]

Remember the movie Gas Land? Same playbook

Same Russia/China money flowing to these “environmentalists”

Silicon Valley needs to start recruiting oil & gas talent who has lived it, and beat these misinformation campaigns for the last 20 years

We won, and we saved American energy

AI needs our help or they are ngmi

[nicolas, 30 ans @nic_carter]

AI datacenters don't cause high electricity prices

Democrats cause high electricity prices.

[Buford @ACapMgmt]

@wabuffo With Charlie dead is it still worth following?

[The People's Cube @ThePeoplesCube]

Must be where he picked up communism.

[Hunter Eagleman™ @Hunter_Eagleman]

😆😆😆🥴

[Keith Humphreys @KeithNHumphreys]

TRAGIC: If Steyer hadn't blown $150 million on his campaign the state could have used that money to build 2 feet of high-speed rail.
https://t.co/12Z9YT2TiA

[Liz Ann Sonders @LizAnnSonders]

Median price for new single family homes fell to $387,400 in April, dropping 6.2% y/y to its lowest level since July 2021

[Helene Meisler @Chartfest1]

The year 1999 keeps popping up everywhere.

https://t.co/yXX3x6epJd

[Politi_Rican 🇵🇷 𝕏 🇺🇸 @TheRicanMemes]

Stop it ⚰️😂😭💀

[Elizabeth Warren @SenWarren]

I've warned for months that a @JetBlue-@SpiritAirlines merger would have led to fewer flights and higher fares.

@JusticeATR and @USDOT were right to stand up for consumers and fight against runaway airline consolidation.

This is a Biden win for flyers! https://t.co/lJFGS3ucv3