MrDrew

[The Official Pour Index @ThePourIndex]

The cheapest beer at an MLB ballpark is $3.08. The most expensive is $16.00. Both teams play 81 home games a season.

I tracked all 124 stadiums across MLB, NFL, NBA, and NHL. The spread is nuts.

🍺 https://t.co/CfcXWLPAF7

[Adam Tannenbaum @Adam_Tannenbaum]

@ThePourIndex I love this! Have to add a michelada index for dodger stadium asap. Super cool

[MrDrew @DCT122]

@MarikHazan @ycombinator Feltsense

[MrDrew @DCT122]

@amazing_physics Someone should turn this into a painting

[MrDrew @DCT122]

@stoolpresidente There’s also a recent clip (maybe 2/3 weeks ago) of Brady saying how Stafford should be the MVP instead of Maye. Seems like Brady is worried this team is diminishing his legacy

[MrDrew @DCT122]

@PEoperator Agreed. Also a lot of PE assets were bought at peak ’21 multiples right before rates spiked. Higher rates compressed multiples and raised leverage costs, pushing GPs to hold longer or use continuation funds. Buyers today have no interest buying at yesterday’s prices

[MrDrew @DCT122]

I’m genuinely jealous of anyone getting to use @claudeai for the first time

[MrDrew @DCT122]

@ChrisJBakke It’s because this is their one shot to be the situation

[Chris Bakke @ChrisJBakke]

4 pilots are not monitoring the situation right now:

[MrDrew @DCT122]

@signulll Amazing friends. Amazing community. And we’re all monitoring the situation

[MrDrew @DCT122]

@Polymarket @Polymarket Bill Ackman long post imminent

[MrDrew @DCT122]

@BillAckman Confirmed: General Tso has entered Iranian airspace

[Joe Weisenthal @TheStalwart]

Having to use the web for something suddenly feels annoying

[MrDrew @DCT122]

With Claude AI at my fingertips I feel like Steve Jobs, Picasso, and a guy who suddenly thinks every idea is genius

[Hedgie @HedgieMarkets]

🦔 Oxford Economics just dropped a report saying companies aren't actually replacing workers with AI at any significant scale. They suspect firms are "dressing up layoffs as a good news story" because telling investors you're cutting jobs for AI sounds better than admitting you overhired or demand is weak.

The numbers back this up. AI was cited as the reason for 55,000 U.S. job cuts in the first 11 months of 2025, but that's only 4.5% of total reported layoffs. Job losses from "market and economic conditions" were four times larger at 245,000. And in a labor market where 1.5-1.8 million workers lose jobs every month, AI-related cuts are still a rounding error.

My Take
This lines up with what I've been watching in the productivity data. If AI were actually replacing workers at scale, productivity should be skyrocketing. It isn't. The Q3 productivity jump looks impressive until you realize it's companies squeezing more out of fewer workers, not technology revolutionizing output.
A Wharton professor made a great point: read the actual announcements carefully. The headline says "AI layoffs" but the company says "we expect AI will cover this work." They haven't done it. They're hoping. And they're saying it because that's what investors want to hear. We've seen this before. Companies used to announce phantom layoffs just to get a stock bump, until investors caught on that the cuts never actually happened.

The real story isn't AI taking jobs. It's a "low-hire, low-fire" market turning into a jobless expansion where companies learned to replace people with process. Job creation dropped 71% year over year, workers are getting their smallest share of GDP since 1947, but it's not robots. It's just good old-fashioned cost cutting dressed up in futuristic language.

Hedgie🤗

[MrDrew @DCT122]

@BigJohn043 I recommend reading Fred Wilson’s recent post about reducing lawyer fees at his VC fund Union Square Ventures - https://t.co/ENdiUTvlvp

[High Yield Harry @HighyieldHarry]

Can't believe this has to be said, but you have to be a fucking moron to think Powell and the Fed are actually guilty of some sort of building renovation conspiracy.

[Dividend Hero @HeroDividend]

I think about this often

[MrDrew @DCT122]

Completely agree with @BigJohn043. Listening to employees and improving based on feedback is just good business, not self-congratulation. Too few PE firms actually do this — which is exactly why it’s a competitive advantage. If I were a business owner, I’d look to sell to people like John and avoid firms that talk the talk but can’t walk the walk.

[John Caple @BigJohn043]

We don't do quarterly engagement surveys with the employees of every portco for some ESG "good guy" reasons. We do it because engaged employees turn over less, are more productive and produce better products and services. In addition, in skilled trade businesses the ability to recruit is a huge strategic advantage.

We not only do the surveys, but we then have the management teams report back to the employee base what they heard and how they are going to make improvements going forward.

This is all SOP for us in building great businesses.

It also feels good to have companies that people want to work for....

[MrDrew @DCT122]

If you thought markets were wacky in 2025, buckle up 2026 will be even crazier

[MrDrew @DCT122]

A must read to help understand the rise of prediction markets and the changing landscape of financial risk-taking for younger generations

[sysls @systematicls]

https://t.co/FQe5bCBqW1