Art Jonak

The day will come when all these moments of defiance will have flooded the banks of authoritarianism & then one single thing will break the siege | Minarchist

[Art Jonak @ArtJonak]

Haunting cover of Bob Dylan’s "Masters of War" — aimed directly at those who promote war for profit. Choose ☮️

Come you masters of war
You that build the big guns
You that build the death planes
You that build all the bombs
You that hide behind walls
You that hide behind desks
I just want you to know
I can see through your masks

You that never done nothin'
But build to destroy
You play with my world
Like it's your little toy
You put a gun in my hand
And you hide from my eyes
And you turn and run farther
When the fast bullets fly

Like Judas of old
You lie and deceive
A world war can be won
You want me to believe
But I see through your eyes
And I see through your brain
Like I see through the water
That runs down my drain

You fasten all the triggers
For the others to fire
Then you sit back and watch
While the death count gets higher
You hide in your mansion
While the young people's blood
Flows out of their bodies
And gets buried in the mud

You've thrown the worst fear
That can ever be hurled
Fear to bring children
Into the world
For threatening my baby
Unborn and unnamed
You ain't worth the blood
That runs in your veins

How much do I know
To talk out of turn
You might say that I'm young
You might say I'm unlearned
But there's one thing I know
Though I'm younger than you
That even Jesus would never
Forgive what you do

Let me ask you one question
Is your money that good?
Will it buy you forgiveness
Do you think that it could?
I think you will find
When your death takes its toll
All the money you made
Will never buy back your soul

And I hope that you die
And your death will come soon
I'll follow your casket
In the pale afternoon
And I'll watch while you're lowered
Down to your deathbed
And I'll stand over your grave
'Til I'm sure that you're dead

"Masters of War" by Bob Dylan

Performed by Eddie Vedder (with Mike Mcready of Pearl Jam & GE Smith) in 1992 — 30 year tribute to Bob Dylan

[Art Jonak @ArtJonak]

@maelan_sdmr In a large TAM, highly fragmented market, if $OPEN NPS (Net Promoter Score) rises while NPS for other players in the space remains low, that delta difference could translate to lower CAC with increasing market share. Nice flywheel.

👏 @nejatian & the entire @Opendoor team

[Art Jonak @ArtJonak]

@MultibaggerRsch Solid analysis of $ENHA, finding the nuances, getting the numbers right (while pointing out what some in the market are mis-reading) and a non-emotional fair view on the upsides, downsides and non-zero risk of zero or multi-bagger.

[Art Jonak @ArtJonak]

🎧 Podcast: Max Martin (@max_enhanced), Co-founder & CEO, Enhanced ( $ENHA ) on @Spotify

Let The Games Begin: How a competition involving the safe use of performance-enhancing substances builds trust among elite athletes and average consumers

https://t.co/i6hRlXI97h

[Art Jonak @ArtJonak]

Maximilian Martin (@max_enhanced ) CEO and co-founder $ENHA , filed a 13D/A disclosing his beneficial ownership rising to 9.6% after buying 1.285 million shares plus warrants for $5 million in a private placement at $3.89 per unit that closed August 14, 2026 💪

[Art Jonak @ArtJonak]

@benln Thanks for the offer @benln Would love to be part and continue learning. Thanks

[Art Jonak @ArtJonak]

@morganb 2026 constraint: Idea Validation

Don Draper to AI: “You gave me 2,000
ideas, and I picked out the one that was a kernel that became that commercial.”

Who in the company org has the taste of an Ogilvy in your unique playbook; deciding if it will stand out, if it will work.

[Art Jonak @ArtJonak]

@wallstengine Approximated price per share by Thiel Macro vs Aug 14, 2026 price

$AMZN $248.34
$VIST $63.80
$VST $158.63
$AEP $136.81
$DTE $152.37
$FE $47.54
$CMS $76.50
$XE $18.36

[Art Jonak @ArtJonak]

@carlmoon zcash:native
2021 $150
2026 $500

[Art Jonak @ArtJonak]

High-Agency Maxxing

At the start of the Covid pandemic, Ken Griffin rented an entire Four Seasons Hotel and turned the ballroom into a trading floor in five days.

His reasoning: "It's a respiratory virus. most respiratory viruses are less transmissible in hot, humid environments. This is just science. So we're going to open an office in one of the hottest, most humid parts of the United States that we can find."

What they built: "In about five days we assembled enough technology and infrastructure that we could run the entire US equity market if need be, from the ballroom of the Four Seasons in Palm Beach. We had 200 people working three shifts, five days straight. They brought in a portable truck with a generator to power the thousands of servers."

Nobody could leave: “You you could not come and go from the hotel property period. No one was allowed to come or get out.”

[Art Jonak @ArtJonak]

Find what inspires you and chip in.
If nothing does, start it 🚀

[tobi lutke @tobi]

@chandrxn Find something that exists that inspires you and chip in. If nothing inspires you, start something that would. Find others like this. Repeat until career is done.

[Art Jonak @ArtJonak]

@hypergrowth102 At $2.05 per share (with ~122.23 million shares outstanding), the $ENHA market cap is now down to ~$251 million

[Art Jonak @ArtJonak]

@SawyerMerritt Grokipedia feeling left out @SawyerMerritt 🫣😎

[Art Jonak @ArtJonak]

e/acc 🚀

[Art Jonak @ArtJonak]

@medjedowo The OG little guy 😉

[Art Jonak @ArtJonak]

The prediction markets were also off @Chamath, not just the pollsters.

On Kalshi and Polymarket the day before the August 11, 2026 Wisconsin Democratic gubernatorial primary (roughly August 10 into early August 11),

Francesca Hong was an overwhelming favorite at approximately 95% (Kalshi) to 96% (Polymarket), while David Crowley was around 4–5%

https://t.co/l1hdtS1yQF

[Art Jonak @ArtJonak]

conviction > consensus

[scott belsky @scottbelsky]

the more people you consult for advice, the more likely you’ll make a bad/average decision.

(1) ppl are, on average, risk averse...and, in quantity, will blunt your boldness.
(2) ppl may hate/envy opportunities they lack.
(3) ppl tend to mix cynicism (bad) w/ criticism (good)

[Art Jonak @ArtJonak]

For those who may find it helpful, here’s the Grok “explain this to me as if I’m a 10-year old” version:

Imagine the biggest, coolest video game arcades in the world. Places like Amazon, Google, and Microsoft built giant warehouses full of regular computers. People rent time on those computers instead of buying their own. Those giant arcade companies are called hyperscalers.

Now AI (the super-smart computer brains that make ChatGPT and robots work) needs way more powerful special computers. Nvidia makes those special super-chips. They’re like the fastest, fanciest gaming consoles ever.

The big arcade companies were a bit slow and lazy. They wanted to keep making lots of money the old way and even tried to build their own cheaper chips so they wouldn’t have to buy so many from Nvidia.

Some smaller, hungrier companies (called neoclouds) said, “We’ll take Nvidia’s super-chips and build better arcades just for AI!” They work faster and care more about making the games (AI training) run really well.

Nvidia looked at this and thought, “Cool idea!” So Nvidia started giving these smaller companies:

• Special software that makes the super-chips work perfectly together
• Blueprints for how to build the best AI arcades
• Help getting money from rich investors so they can buy even more chips

It’s like Nvidia is secretly building the world’s biggest AI arcade network… without owning all the buildings itself. That’s what the person means by “synthetic hyperscaler.” It’s a made-up (synthetic) version of those giant computer companies, but built just for AI and controlled mostly by Nvidia’s chips and tools.

Clark Tang thinks this is super clever and will make Nvidia even more powerful, because almost everyone who wants to play the AI “games” will need Nvidia’s special stuff.

[Art Jonak @ArtJonak]

@rabois Unit Economic Positive: get to the point where each incremental transaction sends some money back against fixed cost of running the business

Is $OPEN
• Proving marginal economics work
• Demonstrating accumulating advantages over time
• Getting better as quickly as possible

[Art Jonak @ArtJonak]

Here’s a lesson I learned from @Rabois around Doordash that is bullish for $OPEN if “number 3 is easy.”

👉 If your unit economics are upside down, the company will likely never work (you fundamentally have to transform the company).

Once you get to the point where each incremental transaction sends some money back against your fixed cost of running the business, then you're in a good place (unless the fixed costs keep rising too).

The faster you grow, the more money you are going to send back, and Opendoor seems to be re-approaching this zone. Assuming your fixed costs are relatively (or completely) stable, as long as you have more contributing dollars coming back to you, you want to lean in and grow.

If your unit economics are upside down, stepping on the pedal is probably the worst thing you can do (in almost all cases), but this does appear to be the case for Opendoor.

Opendoor is setting up for a potential natural monopoly scenario in online residential real estate (Zero To One 📖)

Companies need to:

1/ prove their marginal economics work

2/ demonstrate they accumulate advantages over time and

3/ get better as quickly as possible.

Directionally Opendoor looks to be on track for all three.

[Art Jonak @ArtJonak]

@benjitaylor Let us scroll through the “Following” tab of another 𝕏 user. Many great curated follower lists out there.

[Art Jonak @ArtJonak]

@benjitaylor When saving a 𝕏 post to a bookmark, let us type a letter or two to bring up the folder we want to save to vs needing to scroll through our existing folders to find the right folder. 😎