adityasingh

You have a right to perform your prescribed duty, but you are not entitled to the fruits of action.

[Elon Musk @elonmusk]

Wild times ahead!

[Peter H. Diamandis, MD @PeterDiamandis]

*Humanity's goal for the next century is... prevent WW3.*

Elon: "Okay, this is going to sound pretty crazy."

"I'd say the economy is 10 times the its current size in 10 years. Greater than. I feel like that's actually a fairly comfortable prediction."

"Obviously if there's like World War III or something. that that could put a kink in those plans or those expectations. In the absence of World War II, if current trends continue, I would say the the economy 10xes in 10 years and have a base on the moon."

[adityasingh @adityasingh]

@pitdesi @Bratt_world It's because it used to be good. Now that it's turned communist, who wouldn't want to get out? Just because something used to be good doesn't give it a reason to capture you for eternity without taxing you to death.

[Rohan Paul @rohanpaul_ai]

The $10-$15 trillion total addressable market for AI, if it is successful, is actually "terrifying".

- The famous "Dean of Valuation", Professor Aswath Damodaran, of NYU Stern School of Business.

The reason: AI as a tool is a much smaller market; AI as a replacement for human-jobs is where the giant market story comes from.

"The best-case scenario for AI, that $10 to $15 trillion market, will happen if ONLY it replaces people.

If AI is a tool, it’s going to be a much smaller market than if AI replaces people. So, the stories we’re telling about $10, $20 or $25 trillion markets are actually terrifying stories for the rest of the world.

Why? Because if that story comes true, half of all white-collar people are going to lose their jobs. And what are they going to do instead? Who’s going to come up with the income to buy the products and services?

If AI works as well as it’s supposed to and replaces people, how do we deal with that as a society? Because people lose their jobs. Not only do you lose your income, you lose your life’s meaning.."

----

Video from "Excess Returns" podcast (full video in quoted tweet, also link to their YT in comment)

[Dan Albas @DanAlbas]

There are citizens in my riding who are unable to afford their mortgage renewal. The only options for them are to sell at a loss or face foreclosure & a court ordered sale. This is why court ordered sales are on the rise in BC. There are no bailouts for them but they will be paying for Carney's bailouts for corporate developers in Vancouver.

[Kirk Lubimov @KirkLubimov]

Canada:

​Tax his land, tax his wage,
Tax his sufferance in old age.
Tax his health, tax his wealth,
Tax his business done by stealth.
​Tax his car, tax his gas,
Tax the roads on which he pass.
Tax his food, tax his drink,
Tax him if he tries to think.
​Tax his house, tax his bed,
Tax the pillow under his head.
Tax his work, tax his pay,
He works for taxes half the day.
​Tax his liquor, tax his smoke,
Tax him till he’s completely broke.
If he cries, tax his tears,
Tax the comfort of his years.
​Tax his coffin, tax his grave,
Tax the sod in which he's laid.

When he's gone, don't relax,
It's time to collect the estate tax.

And do not let them leave without taxing it all again.

[unusual_whales @unusual_whales]

‘AI is going to create a labor shortage,' Jeff Bezos has said.

[Richard Dias @RichardDias_CFA]

Bailing out various Canadian condo markets is regressive garbage and a slap in the face of every Canadian taxpayer.

FFS, let the market clear!

[adityasingh @adityasingh]

@mbertulli Very low margin for error. They're like the navy seals of entrepreneurship.

[theendeavorpath @theendeavorpath]

“A person who cannot control their emotions becomes a slave to them.”

— Robert Greene

[Elon Musk @elonmusk]

Fauci committed so many evil crimes

[Vivek Sen @Vivek4real_]

BILLIONAIRE PAUL TUDOR JONES ON BUYING THE S&P 500 RIGHT NOW:

“IF YOU BUY THE S&P AT THIS CURRENT VALUATION, THE 10-YEAR FORWARD RETURNS ARE NEGATIVE WHEN YOU BUY WITH THE S&P P/E OF 22. THAT'S WHAT HISTORY SHOWS.”

JONES CALLED THE 1987 CRASH BEFORE IT HAPPENED.

HE'S NOT PREDICTING A CRASH.

HE SAYS THE CURRENT SETUP IS MORE LEVERAGED THAN ANYTHING HE'S SEEN, INCLUDING 2008.

“THE STOCK MARKET'S REALLY HIGH, AND IT'S GOING TO BE REALLY HARD TO MAKE MONEY FROM HERE.”

[Out of Context Human Race @NoContextHumans]

Rage baiting monkeys😭

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Canada simultaneously has a housing shortage of 3.5 million homes

AND

a glut of unsold condos that the government just spent $3.2 billion dollars bailing out.

This is how you know the economy is broken.

[Prof. Shamika Ravi @ShamikaRavi]

Prof Aswath Damodaran on AI bubble and why the correction would be unlike anything before.

[Cameron Murray @DrCameronMurray]

Funny how quickly things went from “not enough homes” to “too many new homes sitting vacant”

[Molly O’Shea @MollySOShea]

How much buying a private jet actually costs:

"Most people are buying pre-owned. It's not that they can't buy new, they don't buy new. Buying new is very, very expensive."

Ultra-Long-Range* (G650, G700, Global 8000)
• Pre-owned: $35M–$85M+
• New: $75M–$85M+
• Operating cost: $8.5k–$12.5k/hr

*Billionaire default for transcontinental / transoceanic range

Heavy (Gulfstream G450, G500)
• Pre-owned: $20M–$50M
• New: $45-55M+
• G450 - out of production
• Operating cost: $6.5k–$9.5k/hr

Super-Midsize (Challenger 350, Praetor 600)
• Pre-owned: $15M–$30M
• New: $26M–$38M
• Operating cost: $5k–$7k/hr

Midsize (Citation XLS, Latitude)
• Pre-owned: $10M–$20M
• New: $18M–$22M
• Operating cost: $3.8k–$5.5k/hr

Light Jet (Phenom 100/300)
• Pre-owned: $3M–$8M
• New: $11M–$14M
• Operating cost: $2.8k–$4.2k/hr

It's estimated $2-$4 million a year just to run the plane

"Buying the plane is just the beginning of the journey. That's the cheapest part of owning a plane." @israelslod

[Warren Buffett Believes @BarrenWuffett1]

Warren Buffett believes in patience

[L. Wayne Mathison @WayneMathison]

If you cannot afford your mortgage renewal, Carney will not save you.

But if developers cannot sell overpriced condos, suddenly Ottawa finds billions.

That is not housing policy.

It is elite welfare paid for by working Canadians.

Why should taxpayers rescue bad business decisions?

[Gad Saad @GadSaad]

I decide to leave Quebec/Canada because:

1) the taxation system is astounding, rendering it nearly impossible to accumulate enough money to truly retire
2) the government's open immigration policies have made it unsafe for my family to remain here (due to the exponential increase in Jew-hatred).

Today I found out that I shall have to pay a departure tax for exercising my right to leave, and the money that will be taken from me (because the obscene amount of taxes that I've already paid in full is not enough) will be given to new incoming immigrants who hate Jews. My taxes funded my forced exit and will fund the harassment of any remaining Jews in Canada.

It would take me 10+ more years of work to save the amount that is likely to be taken via the departure tax.

Is this moral? Ethical? Just? In any case, off to bed. Tomorrow is a new day.