Alfonso Paredes H.

If you spend your time chasing butterflies, they’ll fly away. But if you spend your time building a beautiful garden, the butterflies will come to you.

[Alfonso Paredes H. @alfonsoparedes]

@FotoNugget Can’t get it to show. Have both accounts linked

[Tony Farmer @Tonysmarkettips]

🚨Here is the bodycam football of Russini getting pulled over.

-There is no FaceTime call with a head coach.

-She says tweet about McDermott was “an emergency” before pausing and saying “…for what I do”

-There are some elements of her story she told on the podcast but based on this footage it appears to be a gross exaggeration and lie.

https://t.co/la8E1otnBz

[Tony Farmer @Tonysmarkettips]

Adam Schefter and Robert Kraft are business partners on sports betting venture. How is this okay?

https://t.co/GBbs1SQ34i

[Alfonso Paredes H. @alfonsoparedes]

@MisterAmador @united Down for me. Log in error.

[Alfonso Paredes H. @alfonsoparedes]

@JCDefutbol Jajaja. Q locura de tweet

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

That's insane.

Another crack in private markets.

Private equity executives are now taking out personal loans against money they haven't been paid, and might never be.

Here's the mechanic. A PE manager's big payday is "carried interest," their cut of a fund's profits. But it only pays out when the fund sells its companies. With exits frozen since 2022, that payday keeps getting pushed further into the future.

So they're borrowing against it. Going to specialist lenders and pledging their forecasted, unrealized future profits as collateral for cash today. A mortgage backed not by a house, but by a promise of gains that haven't been realized.

And the demand is exploding. One London broker fielded 459 inquiries in the first half of this year, up from 134 a year ago. They say they've never seen demand this high.

Sit with what that tells you.

These are the people closest to the assets. The insiders who know exactly what their portfolios are really worth. And they would rather borrow against their carry than wait for it to pay out.

When the people who built the machine start pawning their share of it for cash now, they're telling you something about how confident they are the exits are coming.

Stack it up. Partners Group's worst day since 2006. Blackstone gating withdrawals. And now the GPs themselves levering up personally to get liquid.

The fund is leveraged. The portfolio companies are leveraged. And now the executives are leveraged too. Three layers of debt stacked on the same illiquid, unrealized value.

The canary isn't just singing quieter. It's borrowing money to keep the lights on.

[Alfonso Paredes H. @alfonsoparedes]

@Gutibeguer Por favor enfóquese en su trabajo de preparador físico. Nos ha quedado muy mal con Carasquilla.

[Alfonso Paredes H. @alfonsoparedes]

@TReporta @T9Christiansen Que LOCURA haber llevado a gente jodida a pasear.

[Matt Smith @SamENole]

Am I the only one that didn’t know that FIFA changed the first tiebreaker to H2H this year and not goal differential?

This is gonna lead to a bunch of good teams clinching after 2 games, resting starters, and gifting teams wins/ties in the 3rd game and that affects everyone.

[The Football Feed @TheFootballFeed]

Landon Donovan hairline is the real comeback story of the World Cup 😂

[Miles Deutscher @milesdeutscher]

The future of AI just got completely flipped on its head.

This significantly changes the entire trajectory of the AI race.

• Frontier level intelligence is now controlled by governments? (first time this has ever happened)
• Chinese models now have a massive advantage (low governance)
• Open-sourced models just got 10x more important
• Whatever Mythos-level model xAI, Google & OpenAI were developing will likely not be released?

We're watching history unfold in real time.

[Barstool Sports @barstoolsports]

The WOAT – USA Soccer Fan Put on The Single Worst "Streaker" Performance You Will Ever See https://t.co/VZqrBTtAkr

[Shruti @heyshrutimishra]

Elon just created 4,400 millionaires in a single day.

400 of them are now worth over $100 million.

These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.

Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.

Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."

The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.

Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.

[Clay Travis @ClayTravis]

Five days after the LA election, Spencer Pratt falls to third place and a woman who hardly anyone voted for in person, Nithya Raman, totally dominated in mail voting to come in second. No one with a functional brain believes these results.

[Joe Pompliano @JoePompliano]

This is the wildest World Cup story yet. If someone in Toronto sells a ticket above face value they get fined $25,000 yet the city of Toronto bought 3,500 World Cup tickets early and then sold them to taxpayers at a markup as a “revenue generation strategy.” What the hell man.

[Tony Farmer @Tonysmarkettips]

So ESPN is sending out push notifications for THIS but not even writing an article on several photo dumps involving NFL COTY and COTY voter (their former employee).

They must think we are stupid.

[Antoine @xMarteen]

Cada quien hace lo que quiera con su vida, pero deberíamos volver de moda nuevamente el bullying

[Clay Travis @ClayTravis]

The Chicago Bears are leaving Chicago and Illinois to move to Indiana. Well done, Mayor Johnson and Governor Pritzker, you couldn’t even keep a pro football team in your city and state.

[Angelo. @Angeloc1107]

Por eso es que el Rommel no se siente, porque se llena de estos influencers que les gusta mas la takilla que el deporte. Aparte que lo hicieron mal, no son movimientos de magia sino especificos de diferentes animes, en fin, que en pinga estamos.

[Yogi @Houseofyogi]

Chicago lost the Bears this week. A team that's been in the city since 1921.

They didn't lose them to a bigger market or a better deal. The Bears decided they'd rather be a tenant in Indiana than deal with Illinois for one more year.

Think about how badly you have to run a place for that to be the smart move.

They lost them for two reasons.

The people running Illinois would rather villainize a builder than keep one. And they're bad at their jobs.

In 2021 the Bears spent $197M on the old Arlington Park racetrack.

Before they could break ground, Cook County valued the empty lot at $192M (Bears said $60M). They were salivating at the chance to extort a building that didn't even exist yet.

That fight dragged on for years.

The Bears were ready to put $2B into the stadium. All they wanted was a promise the county wouldn't reassess them into oblivion, plus $855M for infrastructure everyone uses. Roads, transit, utilities. A $3B project, two thirds of it private money pouring into Illinois.

Springfield had since 2021 to get this done. They dragged it to the final night of session, passed it through the Senate at 3:39AM, and the House went home without voting.

So now it's all gone.

The funniest part? This started because Cook County tried to grab the tax early. They knew a built stadium would pay $53M a year. Now they get under $4M on a vacant lot. No jobs, no buildout, no new anything.

Congrats on fighting for scraps and losing the whole prize.

Pritzker: they're "an $8.5B valued business" that doesn't need propping up.

But be smart for a second. Almost every NFL city throws in public money for a stadium. Not charity. The return is real. Tourism, hotels, restaurants, jobs, game days, property tax on a huge development. The math works.

Indiana did the math. While Illinois sat on it for years, Indiana passed a bill in months, put up $1B, and took the team.

And the Bears took a worse deal to get there. In Illinois they were going to own their stadium. In Indiana they rent it from the state. A team that wanted to build its own home gave up ownership just to escape Chicago.

Nobody won but Indiana. The Bears lost their stadium. Illinois lost the team, the $2B, and $53M a year in taxes.

Pritzker after they left: "I wasn't willing to give up billions of dollars of taxpayer money to give it to a billionaire-owned family or team."

There it is. "Billionaire-owned."

That's how Democrats talk about any business right before they run it out of town. Call them a billionaire, act like you're saving working families, take a victory lap while the tax base drives across the state line.

Meanwhile they're running the whole state into the ground. And you already know how this ends. You're living in it.

Pensions are $143B in the hole, worst in the country and not close. You pay $6,285 a year in property taxes, double the $2,969 national average, for a city that's $1.15B in the red. The mayor called its finances "the point of no return."

When you run things this badly, you sell what's left.

They leased the parking meters for 75 years to Morgan Stanley and a sovereign wealth fund in Abu Dhabi. Took $1.15B and burned through it in two years. The investors already made it all back, with 58 years left to collect.

Sold the Skyway. Sold the downtown garages. Every asset that made money, gone for one check.

But a fixed property tax rate for a team that's been here 106 years? That's "propping up billionaires."

Companies are leaving. Boeing for Virginia. Caterpillar for Texas. Citadel for Miami. In 2023 alone Illinois lost 56,000 people and $6B in income to other states. The ones who left earned a third more than the ones who moved in.

Indiana didn't outbid anyone. AAA credit, 16 years straight. A $676M surplus. Fourth-lowest debt per person in the country. They just weren't a disaster.

Illinois could have collected $53M a year. It chose zero. Ignore all the bad management but make sure to stick it to those evil, pesky billionaires.