Based Capital

That guy your investment adviser warned you about. Multi-asset portfolios, triple-leveraged memes. Running a charitable fund for brain research. Not advice.

[First Squawk @FirstSquawk]

US DEBT INTEREST COSTS HIT $1.3 TRILLION, EXCEED MILITARY SPENDING

[Based Capital @BasedCapitalLP]

@great_martis Do you actually think that 26 years later, in a totally different, highly debased liquidity environment on steroids, the scale of this move up will be comparable to that of the Dotcom bubble?

[Based Capital @BasedCapitalLP]

Just because an asset is not going up violently RIGHT NOW.

Should not change your zoomed out perspective on it.

Silver is still in scarce supply and in high demand across AI infrastructure, solar.

Bitcoin is still a mathematically scarce, highly secure, highly transmissible asset.

All in a slowly imploding global fiat environment.

For example.

Zoom out.

Do not overthink this.

[Based Capital @BasedCapitalLP]

@plumberbutt97 @hoomansv Nailed it w/ $META good call brother

[Based Capital @BasedCapitalLP]

@Mr_Derivatives Priced in QQQ?

🤣

[Based Capital @BasedCapitalLP]

@Matt_Levine_1 @ericjackson Matt, respectfully, anyone who has even marginally followed this story, including OPEN’s surge last summer and how Kaz became CEO let alone his performance since knows this take is bad.

Do you understand what’s being voted on?

[Based Capital @BasedCapitalLP]

@GavMcCracken If you actually think oil still matters you are confused

[Based Capital @BasedCapitalLP]

@BamaBonds Imagine being retarded enough to own only crypto or only semis

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[Based Capital @BasedCapitalLP]

@AshCrypto As I said earlier, we are witnessing the early stages of bitcoin as a safe haven.

[Based Capital @BasedCapitalLP]

People are about to lose their minds when the U.S. government bails out $MSTR.

Will delete if this doesn’t happen.

[Based Capital @BasedCapitalLP]

@michaelsikand This stock is more than likely a pump and dump until prove otherwise.

[Based Capital @BasedCapitalLP]

@GoingParabolic Insane the number of people replying here that actually think wash rules apply to crypto and are calling you retarded 😂😂😂

[Based Capital @BasedCapitalLP]

@Mnorinsberg @dampedspring ? is right

[Based Capital @BasedCapitalLP]

@dampedspring @flowinprose634 This isn’t true.

Many people thought it was over.

How old are you?

[Based Capital @BasedCapitalLP]

@Architect9000 The math is really not mathing with this one.

[Based Capital @BasedCapitalLP]

@BruceKnuteson @Mayhem4Markets Have you heard of Jane Street

[Based Capital @BasedCapitalLP]

@nikitabier X’s polls feature is absolutely fucked, so we’re going with:

$BHVN
$AJG
$AAOI

[Based Capital @BasedCapitalLP]

The Based Capital Alpha Generator, the taxable portion of our two-tiered fund for charity, continues to outperform the S&P500 by a wide margin! Thanks in large part to crowdsourced picks here on X.

Alpha Gen returns YTD: +28.43%🟢
S&P500 returns YTD: +11.02%

Portfolio leaders are $RKLB, $AXSM, $EQIX, $GOOGL, $BIIB in that order. Love to see the biotech names in here.

Laggards are $OPEN, $PYPL but interestingly, both are catching a bid today.

Stand by a for a new poll to add to holdings... hopefully X has fixed the feature.

The wisdom of the crowd wins again.

As a reminder, 50% of the capital gains EOY from this fund will be deposited into a donor-advised fund for grantmaking throughout the year supporting brain health and research. The other 50% remain in the Alpha Generator for future appreciation.

We have supported five charities to date and counting.

[Based Capital @BasedCapitalLP]

Vote here - these polls are so glitchy @nikitabier please fix

[Based Capital @BasedCapitalLP]

It is unbelievable that the no-skin-in-the-game faceless bureaucrats at ISS and Glass Lewis would advocate AGAINST a compensation structure that fully aligns Opendoor CEO Kaz Nejatian with the success of $OPEN and its shareholders.

Who wouldn’t want a CEO whose compensation is fully aligned with the company’s performance?

[Kaz Nejatian @nejatian]

If you are an Opendoor shareholder, I have an ask.

Proxy advisors at ISS and Glass Lewis have recommended shareholders to vote against me at our Annual Meeting. I don’t take this personally. This is the fifth time in my career these same people have told people to vote against my team.

These proxy advisors have built no companies and are not meaningful shareholders of OPEN. They're a checkbox industry charging fees to tell other people what to do with shares that aren't theirs.

Usually most companies can’t do anything about this since many institutional shareholders will just vote the way ISS tells them to.

But Opendoor has the Open Army! It is important that we stand up against this separation of management from shareholders.

If you are so inclined, help tilt the world in favor of shareholders and away from bureaucrats.

Find out how (ask your broker, check your emails) and vote your shares. Our board is excellent. We are back on mission and we are winning.

Don't outsource your vote. Read the proxy. Vote your shares.

[Based Capital @BasedCapitalLP]

We are witnessing the beginnings of bitcoin as a safe haven asset vs. a risk-on asset.

[Based Capital @BasedCapitalLP]

@ContrarianCurse This dude thinks too much

[Based Capital @BasedCapitalLP]

@DeItaone is he regarded