Always in search for truth & value.. family #1. the stock market, Unc Tarheels, Tesla, and baseball dad. 👊. Unc/Nyc. #tarheelnation#tesla#warrenbuffett
In 2016 my son and I took a visit to a @Tesla showroom for a test drive for fun. Came out blown away and knew at that time this car and the company was going to be the future of the auto industry. Congrats to all my @Tesla bulls! 🤣👏🏼🎉👊
I was up 35 pct on my liquid portfolio last yr but with lots of vol. this year has been much harder. Only 4 pct (not including spacex) with huge vol too.
🚨 Here is the full 53 minutes of my crew and I exposing New York fraud, we uncovered over $190,000,000 in fraud as these fraudsters use the elderly and needy to commit fraud through adult and personal home care scams in NYC. Your tax dollars are paying for elderly Koreans and Chinese to play ping pong and do tai chi, while the fraudsters give $ kickbacks to those who enroll. Like it and share this video, the fraud must STOP.
We ALL work way too hard and pay too much in taxes for fraudsters to steal from our pockets. These fraudsters have been able to defraud American taxpayers for years without any pushback from the public and politicians. Time is up.
EXPOSE IT ALL AND END THE FRAUD.
Five quotations.
Five conversations.
Perhaps one idea that quietly changes how you see investing, business… or life.
Great Quotes, Vol. 22—this week's @RBIPodcast—is just out. 📚✨🎙️
https://t.co/Yb7c1xcOO6
The hand speed is incredible, but the pad work mechanics from the other kid are what makes this elite. Holding pads is an art form itself. High-level chemistry right here. 🥊🔥
Founder of @Starcloud_ (first datacenter in space) says we’ll look back on the $SPCX IPO as one of the most undervalued in history
@PhilipJohnston saying $10T in a few years then infinite TAM & monopoly on all space businesses
Something worth listening to
The Need for AI Speed
Our latest note covers the fast inference market, why AI hardware is unbundling and how Cerebras and Groq built an early lead.
Read the full note below 👇
https://t.co/IouyV2bcUG
“We only need to be ahead for the next couple of years, because by 2028 we will get to recursive self-improvement, where the frontier model codes, by itself, the next frontier model, and progress just goes vertical. And at that point, with recursive self-improvement, we’re done. The race is over. Whoever comes first at that point, that’s it.”
— Sebastian Mallaby (@scmallaby)
Listen to my interview with Sebastian Mallaby: https://t.co/dfT40VjBCu
Elon Musk went on Lex Fridman and explained the real reason every great civilization in history collapsed.
The same thing is happening right now:
1. The single biggest reason civilizations collapse is birth rate decline. not war, corruption, or economic failure. birth rate. When a civilization wins for long enough, the birth rate drops. It has happened every single time throughout history without a single exception. Durant studied civilization after civilization and found the same pattern in all of them.
2. Rome is the clearest example. Julius Caesar noticed the declining birth rate around 50 bc and tried to pass a law incentivizing roman citizens to have a third child. Augustus actually managed to pass a tax incentive for the same thing. Neither worked. Rome fell because Romans stopped making Romans. That is the actual fundamental issue. Everything else, the malaria epidemics, the plagues, the military failures, came after the demographic collapse was already underway.
3. South Korea currently has a fertility rate of around 0.8. If it does not decline further, South Korea will lose roughly 60% of its population. And the rate is still dropping. Musk is not singling out South Korea. This is happening across most of the world. The pattern is identical everywhere: prosperity arrives, birth rate falls.
4. Laws and regulations accumulate over time, and eventually, nothing can get done. There is no mechanism in most civilizations to remove old laws, so they just keep adding up. Musk's analogy: it is like being tied down by a million tiny strings. No single string is the problem. a million of them, and you cannot move. This is why building high-speed rail in America is effectively illegal. not because of any single law but because of the accumulated weight of all of them together.
5. The only historical forcing function that has ever cleaned up accumulated laws and regulations is war. War destroys enough of the existing structure that you have to rebuild from scratch. Musk says civilizations need a garbage collection mechanism for laws, the same way computers need garbage collection for memory. Without it, everything eventually grinds to a halt.
6. Musk told Trump about the idea of a government efficiency commission before this interview. He said he would be willing to be part of it. His prediction for the resistance it would face: the antibody reaction would be very strong. You are attacking the matrix at that point. The matrix will fight back.
Prufrock-MB2 is ready to mine in Nashville! MB2 commissioning is complete, including the brief 11 rpm rotation shown here.
Will MB2 catch up to MB1, who had quite the head start?
And Prufrock-MB3 ships in August!