late stage capitalist

licensed for automobiles, motorcycles, sailboats, airplanes, firearms, fishing, marriage, and securities. 😷

[Irrational Analysis @insane_analyst]

Matt Murphy i am sorry for being mean please dont do this

[late stage capitalist @bentboolean]

@ALPHABIGDOG2 @jukan05 It means Hynix can ship. Hynix bet on 12hi 9gig - Hynix is the only company they can yield at 12hi.

When mem prices went moon, NVDA shifted to 8hi but tried to change the pin spec to faster, NVDA, TSMC and Hynix have been wrestling over whose prob it was to get pin speed up

[James Surowiecki @JamesSurowiecki]

Absolutely amazing that Fox News, which can afford a massive research department, is instead giving its viewers imaginary numbers conjured by a model from "Election Data Guy."

[late stage capitalist @bentboolean]

I’ve been to Dreamforce once. What surprised me is that it was a worthless junket for everyone. More in common with an MLM seminar than a technical conference.

I the confusion is that people don’t understand what SalesForce sells. You become your customers. CHOOSE THEM WISELY.

[Amir Salihefendić @amix3k]

So soul-crushing to read. Slack could have been an incredible independent company, especially in the age of AI and agents.

I know $27B is an insane amount of money, but I am 100% sure they regret selling. I know I would, especially after reading this. No amount of money can justify this, especially if you are already doing $1B+ in ARR.

“… Everyone took accountability for their piece of the puzzle. And everyone felt a deep responsibility to each other to eliminate papercuts, own and fix chronic issues, and strive to do the best work of our lives.

At Salesforce, Stewart was baffled by the breadth and depth of operational inefficiency. He witnessed executives green-lighting high-priced celebrity appearances while making cuts to things like inter-office employee travel. He saw VPs overhiring by thousands of people, then laying off thousands in subsequent quarters. An annual event for tenured and executive staff named Laulima (Hawaiian for “many hands”) cost millions to fly everyone to Hawaii and put them up in fancy hotels.”

[Arnaud Bertrand @RnaudBertrand]

The ugly truth about France and some of the other European countries currently in turmoil - and which none of the politicians want to admit because it'd be political suicide - is that you can't solve the problem by going after immigrants (as the right asserts) or the rich (as the left asserts), but you could solve it by going after the old.

One extraordinary statistic for you: people over 60 in France, a quarter of the population, own 60% of France's wealth, non-financial and financial (https://t.co/IdJ5X7OO12).

And here is another crazy statistic:
that same quarter of the population, those above 60, receive nearly two-thirds of all social spending by the French government (https://t.co/deNRNevIwq) - which is famously among the highest in the world (France's government spending is an insane 57.3% of GDP).

Last statistic: they make up about 40% of voters because they're a third of registered voters (https://t.co/zTa4RnVOmT), and they turn out far more than anyone else (https://t.co/34V2xzs9jH).

Put our 3 statistics together and there's almost a bit of an apartheid situation here: the old own most of the country's wealth, collect most of the social spending and have the political power to keep it that way.

Which makes them a de-facto rentier class, living off assets and transfers paid for by younger generations.

And, of course, at the risk of stating a truism, the future is built by the young. Yet France keeps effectively taking money away from them to give it to those whose working lives are already behind them - and need the money far less since they already own the country's wealth.

What about inheritance, I hear you ask? That's the funniest/saddest aspect: given that life expectancy has kept rising, the French now inherit a home at 54 on average. The most common case is someone in their 80s leaving it to heirs in their 50s, in effect the very old transferring wealth to the about-to-be old (https://t.co/d2RPAqLJGR).

You can add this to our earlier apartheid statement: on top of all the rest, even when the old finally let go of their wealth, it stays within their own "camp".

That's my personal situation, incidentally: I'm 42, my father is 71 and he is starting to look at ways to pass things on to me and my siblings, when our professional lives are already well settled, so it'll arrive when it changes things the least, which is pretty much the French system in a nutshell.

Now, I get that there'd be some unfairness in going after them: they paid into the system their entire working lives, playing by the rules of a social contract that told them if they paid up they'd collect at the end. Changing the rules now means breaking that promise, which is admittedly unfair.

But there's no magic wealth tree in any society: you can only take it where it is. That's the way most major societal transformations end up happening. They're often triggered by a catastrophic event (the so-called "four horsemen": mass-mobilisation war, revolution, state collapse, plague) BUT what really drives change is a transfer: wealth gets pried from the privileged class who've been sitting on it and handed to those who'll build what comes next.

So, in theory and in an ideal world, you can do without the catastrophic event and directly proceed with the transfer...

The fact that in France, and elsewhere in Europe, it's the youth protesting is probably no coincidence - even though they don't frame it as a generational fight. And even though, cruel irony, the left politicians many of them march behind promise to bring the retirement age back to 60 (https://t.co/WrJOhpWqYR), which would make the situation even worse.

Let's say they understand intuitively that the system is stacked against them, even if they haven't yet figured out how. And politicians are obviously doing what politicians do, meaning pandering to the people who actually vote, while pointing the young towards easier - and politically convenient - scapegoats.

To be clear I'm not saying it's the only problem in France, VERY far from it. I'm also not saying that all old people in France live a lavish lifestyle at the expense of younger generations: there are also plenty of very poor retirees who, if anything, would deserve more.

What I am saying is that it's probably the biggest elephant in the room: everyone can see it, nobody dares mention it - no politician, from any side, wants to run on cutting grandma's pension - and it makes every other problem harder to fix.

[Hunter Biden @HunterBiden]

What about my paintings again?

[Neil Stanzas @GoBirds555]

This just in: Hynix down 6% on the back of META announcing that it’s willing to bankrupt itself to buy more DRAM.

[late stage capitalist @bentboolean]

This had been clear for months. The antennas already support the spectrum!

[Tim Farrar @TMFAssociates]

Obviously the starting point will be the acquisition of Ergen's existing network, with those leases wrapped into the discussions with the tower companies

[late stage capitalist @bentboolean]

@SemiAnalysis_ In Mississippi more like 20% capacity factor but this hides the real problem, in December and January it is had this. Need 30-40 hrs of battery to get to 95% availability

[Matthew Yglesias @mattyglesias]

Airline CEOs, who benefit if we can cut the rich down to the point where they go back to flying commercial, are a funny niche constituency for egalitarian economic policy.

[late stage capitalist @bentboolean]

Wow…. Can we start with trump ?

[Breaking911 @Breaking911]

BREAKING: President Trump announced a anti-fraud program that would pay people who expose fraud 1% of the money recovered. “If you find $1 billion, we are giving a commission to that person of 1%,” he said.

[late stage capitalist @bentboolean]

@peter_adderton I’ve been thinking about this. D2D does two things 1) expand coverage to places it does not exist, in this case can ask customers to pay more 2) reduce carrier expenses in places it does (cannot expect customers to pay more)

[late stage capitalist @bentboolean]

@eastdakota Me! Invite please

[NYTPitchbot @DougJBalloon]

Sure, Katie Zacharia never passed the bar. But Pete Hegseth has never passed one either.

[late stage capitalist @bentboolean]

@WaltLightShed @JohnSaw When Verizon launched LTE in NYC it was two BTS and 22mhz of spectrum and I was streaming video on a iPad in a taxi heading downtown

[late stage capitalist @bentboolean]

Estimates have 8 trillion USD of AI DC build next four yrs, about 160 gw of electricity. If you do it with 100% solar, you cover 25% of the sonoran desert and you need almost exactly 100% of 2026 Chinese battery capacity to supply the 18 hrs of battery req for 95% uptime.

[late stage capitalist @bentboolean]

I had codex make a list of republican candidates for national office and download a copy of their website for each of the last eight months.

There is no change in the propensity to mention Trump.

https://t.co/O30ZJm4bOW

[late stage capitalist @bentboolean]

After reading this @TheAtlantic article on "Republican Canidates bolting from Trump". I was curious if the historical copies of candidates websites supported the claim that candidates have been removing Trump public sites. They do not. https://t.co/wqBc0mXtN4

[late stage capitalist @bentboolean]

@realshannonwong 22t ?

[Mike Drucker @MikeDrucker]

Remember when Republicans said DEI was hiring an unqualified person based on their looks? ANYWAY.