Drew Campbell

it was the best of websites, it was the worst of websites
here for the Culture, Sports, Investing

[HARD FACTOR @HardFactorNews]

The World Cup just might be the thing that heals us

[Celine Halioua @celinehalioua]

this is the dream
>> make a lot of money in business #1
>> use it to fund business #2 that is otherwise too ambitious/technically risky/unclear ROI for traditional capitalization

[Séb Krier @sebkrier]

Markets in everything

[Joe Weisenthal @TheStalwart]

“I never see you at the club”

Well I never you see to see at the

[Drew Campbell @dcvmpbell]

@RampCapitalLLC but WhAt WiLl YoU dO if YoU rEtiRe EaRly?

[Derek Thompson @DKThomp]

oh ok

[Drew Campbell @dcvmpbell]

@readswithravi What one man can do another can do!!

[Geiger Capital @Geiger_Capital]

There is no magic soil.
A nation is simply it's people.

[B/R Open Ice @BR_OpenIce]

Rod sneakily built in a 35 pound cinderblock lift into the Canes offseason workouts, called it “Blue Collar Presses”, and the boys never thought anything of it…

Turns out he was having them practice lifting the Cup all season long 🤯🔥

(via @Canes)

[Eric Balchunas @EricBalchunas]

Equity issuance is exploding, ending the era of stock scarcity as IPO fever hits. So far 160 cos have announced IPO (incl some big dogs) with plans to raise over $120b, exceeding the combined total from prev two years, which should add $1.5T of stock to the US eq mkt. Good 'Big Take' today from @luwangnyc @csreinicke

[Camus @newstart_2024]

All blue-eyed people on Earth descend from a single common ancestor.

One person had a mutation 6,000–10,000 years ago that switched off melanin production in the iris, creating blue eyes for the first time. That trait spread because it was considered attractive.

Green eyes are even rarer, while brown was the original human eye color.

A 2008 University of Copenhagen study confirmed that nearly all blue-eyed people share the exact same mutation in the HERC2 gene — strong evidence of a single founder.

One tiny genetic change in one individual thousands of years ago created a visible trait now carried by hundreds of millions of people today.

[Anna Paulina Luna @realannapaulina]

✨Not AI ✨

[Ben Carlson @awealthofcs]

S&P 500 returns this decade:

2020 +18.4%
2021 +28.8%
2022 -18.2%
2023 +26.2%
2024 +24.9%
2025 +17.8%
2026 +10.7% (so far)

15.7% annualized for the 2020s and nothing close to a boring year yet

[Jim O'Shaughnessy @jposhaughnessy]

We need to escape zero-sum thinking.

The future is positive sum

[Raoul Pal @RaoulGMI]

Anthropic has been publicly forced to bend the knee to the US government. The ban on Fable and Mythos reads like censorship, and the market will read it as the TAM of the frontier labs collapsing. Instead, I read this as the opposite, as an acceleration event...

The government MUST have first access, because this is The Great Game, the game of nations over the most powerful technology ever discovered, and a technological edge of 30 to 60 days is worth everything.

It's the same edge the labs already exploit internally. You build your next model with your unreleased frontier tech, never with the public one. That private head start is what keeps you accelerating ahead of the competition or at least in line with them.

The US needs that exact advantage now. Before the public, and before the Chinese open source models can copy it. They have no choice. They cannot allow their own technology to be turned against them.

What's being negotiated, in the usual outrageous, hard-ball Trump manner, is the new arrangement:

Anthropic and OpenAI are free market operators and state vassals at the same time. Nobody wants to curtail their growth. The Gov just wants to be Customer Number 1 with privileged access.

This is the East India Company all over again. A private enterprise left free to grow rich and dominant, granted protection and a clear run by the state, on the unspoken condition that it serves the crown's strategic interests first. That charter was the price of the monopoly.

It also sends a message to China and everyone else that US AI is now so advanced the state itself has to control it. They won't, not yet anyway. They just want privileged access, the rest is posturing.

And Anthropic will bend the knee, very soon...

The hidden outcome is the one that matters. The AI firms are now near-explicitly too big to fail, which means the debt funding the capex buildout comes with an implicit state guarantee.

That accelerates the build-out of intelligence. It doesn't curtail it...

Open source accelerates too, because going open ensures no state can intervene in the model itself. Though the same Great Game rules apply there, and the Chinese state will take its own privileged access first.

So the market may wobble, convinced the TAM of AI just collapsed.

The real outcome is an acceleration of intelligence, and a Super Cycle that keeps running.

[SportsCenter @SportsCenter]

Japan fans always clean up their section after the match and this time, they were joined by Jameis Winston

[Javier Blas @JavierBlas]

What a remarkable outcome: the world's largest ever oil supply disruption failed to create a major energy crisis.

The IEA said 2026 shock was worst than 1973, 1979 and 2022 together. And yet, the cost of oil, natural gas, electricity and coal never surpassed the previous peaks.

[Geiger Capital @Geiger_Capital]

This UFC venue is insane…

Dana White came through big time.

[Ben Stiller @BenStiller]

Josh Safdie directed this.

So perfect.

[Grant Williams @ttmygh]

Genius