Avoid Ruin

“Wisdom acquisition is a moral duty. It’s not something you do just to advance in life.” Charlie Munger

[Avoid Ruin @AvoidRuin]

"After dinner, the peanut brittle would come out and it would be gone [fast]. Like, in two seconds it would all be gone.

But he never asked for more. He never said, on a non-peanut brittle day, 'I want to have peanut brittle.'

He basically just accepted [it] — which was remarkable. Most of us can't do that. Most of us would throw our weight around and want what we want."

[Kevin Carpenter @kejca]

Charlie Munger exercised iron discipline in all areas of life — including his beloved See's Candies peanut brittle.

"When I'd go to Charlie's house," @MohnishPabrai told UNO students last month, "the peanut brittle was rationed. [It] was only brought out for dinner 2x a month."

"After dinner, the peanut brittle would come out and it would be gone [fast]. Like, in two seconds it would all be gone.

But he never asked for more. He never said, on a non-peanut brittle day, 'I want to have peanut brittle.'

He basically just accepted [it] — which was remarkable. Most of us can't do that. Most of us would throw our weight around and want what we want."

[J.P. Morgan @jpmorgan]

Live from our global headquarters: Jamie Dimon and Elon Musk discuss SpaceX and more. https://t.co/WQfJ3j8atX

[Avoid Ruin @AvoidRuin]

😂

[Avoid Ruin @AvoidRuin]

@TeslaBoomerMama @TeslaLarry @Amy787 @CernBasher @Investanswers Dream team? 😂

[Gali @Gfilche]

Investing in @Tesla today is a little bit like investing in @SpaceX in 2020

$SPCX 2020: Revenue was 'plateauing' around $2B ish, valuation was $32B (15X revenue). The financials said no growth, when in reality the technology was making step by step progress and would soon enable 10X growth in the business 🚀

$TSLA 2026: Revenue is 'plateauing' around $95-$100B with a $1.4T valuation (15X revenue). In just a handful of years I believe we'll see a 10X growth in the business enabled by @Robotaxi & @Tesla_Optimus ... technologies that are decades in the making but haven't hit the financials yet 🦾

Not financial advice (I'm long $TSLA since 2012 and $SPCX since 2020)

[拾光 @collageboys01]

黄仁勋又开始新一轮的夜市吃喝之旅了，真的好羡慕这种日子。

[Ashok Elluswamy @aelluswamy]

Unsupervised Robotaxi now available in the greater Austin area.

[Nature Unedited @NatureUnedited]

This is the best thing I've seen today

[Sundar Pichai @sundarpichai]

On Monday we announced an equity offering for Alphabet - part of our multi-year investment strategy to meet the AI opportunity ahead and support the demand we’re seeing from enterprises and consumers. Pleased to share the offering was well over-subscribed. We raised a total of ~$45B, with an additional $40B to come as part of an “at the market” program starting in Q3 (for a total of ~ $85B). A huge thank you to our investors, including Berkshire Hathaway who invested $10B.

[Gene Munster @munster_gene]

When discussing how @SpaceX will trade in the month after its IPO, the $1.77T valuation is less important.

The bigger number is the $75B primary raise (potentially $86B with overallotment), which should fuel an IPO pop given the very limited float.

Longer term, there should be little debate. SpaceX should be a core tech holding. Like him or not, Elon is a generational founder, and the company’s position as the leader in sovereign AI stands alone when it comes to durable long term growth potential.

[Whole Mars Catalog @wholemars]

Ashok sounded really excited about Cybercab at today’s talk

[Sawyer Merritt @SawyerMerritt]

SpaceX has just officially announced that it plans to raise $74.4 billion in its IPO, targeting a $135 per-share price and selling approximately 555.55 million shares, according to a new SEC filing.

That would give @SpaceX a target IPO valuation of about $1.75 trillion.

SpaceX: "We expect to receive approximately $74.4 billion of net proceeds from this offering (or $85.7 billion if the underwriters exercise their option to purchase additional shares of Class A common stock in full), based upon the expected initial public offering price of $135 per share, after deducting underwriting discounts and commissions and estimated offering expenses payable by us."

Note: All of these numbers are subject to change before IPO. Filing below:

[Whole Mars Catalog @wholemars]

Ashok talk slides thread

[Elon Musk @elonmusk]

Something that perhaps isn’t clear is that, if this location works out (other locations are still in the running), SpaceX will still be paying an annual amount that increases tax revenue for Grimes County by ~25% and will be by far the biggest source of revenue for the county.

Taking into account taxes paid by SpaceX employees and contractors, Terafab will far exceed ALL revenue that Grimes County currently earns!

The reason SpaceX asked for this, which is standard practice for massive capital investments, is because Terafab will have a large number of extremely expensive machines for making chips. Property tax on these crazy money machines would put us at a serious competitive disadvantage relative to other chip fabs in the world.

[Elon Musk @elonmusk]

@AnfieldNigga @cb_doge You shall see

[Avoid Ruin @AvoidRuin]

@TeslaBoomerMama Funny how the PHD in names always get offended so easily when presented with facts.

[Sawyer Merritt @SawyerMerritt]

Tesla China has released its first ever retractable sunshade for the Model Y for 1,499 yuan ($236 USD). Very easy to install.

I hope they launch this globally, because I will absolutely buy this.

[Avoid Ruin @AvoidRuin]

@tomhfh study LKY

[Avoid Ruin @AvoidRuin]

😂