Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦

CEO @ Sydney Credit Union. Cape Breton, NS, Canada.

Nine cities in 5 countries over 25+ years, I get around; TYO/SG/NYC/TOR/FFM/VAN/HFX/SYD

[Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦 @firehorsecaper]

@MarcNixon24 Full MP pension, one has to add, enhanced given Cabinet Minister for most of his tenure. I believe 6 years required for full pension from 65, Guilbeault served 7. Like a lottery win, for him, not Canadians.

[Barstool Sports @barstoolsports]

Tom Segura thinks Tokyo is the best food city on Earth

[James Wood 武杰士 @commiepommie]

Daniel Craig: The New Face of BYD's DENZA Luxury EVs.
What an amazing ad.

[Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦 @firehorsecaper]

Canada Strong Fund (CSF) - Let's Go !, by @firehorsecaper https://t.co/sQVPycFYZD

[Aakash Gupta @aakashgupta]

This is how they make a 535-pound bluefin tuna that sells for $3.24 million.

Each fish eats 10 kg of fresh sardines per day for roughly two years to get there. Bluefin biology dictates the ratio.

A bluefin runs its red swimming muscle, brain, and viscera 10 to 21°C above the surrounding water using a countercurrent heat exchanger called the rete mirabile, which traps metabolic heat that would otherwise vent through the gills. The heat is what lets the fish cruise at 7 mph and burst at 40. It is also a furnace that needs feeding.

The mechanical constraint is the second half. Bluefin have undersized swim bladders, so their bodies are denser than seawater. They sink unless they swim. They are also obligate ram ventilators, meaning they cannot pump water across their gills the way most fish do. They keep moving forward with their mouth open or they suffocate. A 1-meter tuna swims roughly 43 km a day just to breathe and stay neutrally buoyant. A 200 kg market-size fish does far more.

Now the feed math. Measured feed conversion ratio for ranched bluefin runs 20 to 30 to 1. To put 1 kg of meat on the fish, the farmer pours in 20 to 30 kg of sardine, herring, mackerel, or anchovy. A 200 kg tuna eats roughly its own body weight in baitfish every 20 days. Across a two-year fattening cycle, one fish runs through several thousand kilograms of wild-caught forage species.

The $3.24 million number was the Oma bluefin that cleared Toyosu's January 2026 New Year auction. Ordinary wholesale runs closer to $30,000 per high-grade fish. A 28:1 conversion ratio is the entire reason bluefin exists as a luxury market.

Compare to species that domesticated cleanly. Salmon FCR sits around 1.2:1. Chicken sits around 1.7. Each is a herbivore-leaning omnivore that converts plant protein into muscle at near parity. Bluefin will not eat pellets in any commercial volume. Their gut, search pattern, and muscle physiology are built for live oily fish at high speed. Ichthus Unlimited has spent two decades formulating a soy-based diet that brings the ratio to 4:1 in laboratory conditions. Commercial uptake stays negligible.

The other route out is closed-cycle hatchery production. Kindai University in Japan completed the full life cycle in 2002. Twenty-four years later, fewer than 5% of farmed bluefin come from hatchery eggs. The rest are wild juveniles caught in the Mediterranean or off Mexico, towed back to pens at walking pace, and fed wild baitfish for one to three years.

Evolution built one species that runs hot, swims forever, and refuses to eat anything that is not already swimming. The 28:1 ratio is what it costs to keep that animal alive in a net pen.

The seagulls in the video figured out the trade before the economists did.

[Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦 @firehorsecaper]

At long last, spring has sprung in Cape Breton. False spring no more. #capebreton

[*Walter Bloomberg @DeItaone]

CANADA APPROVES $4 BILLION NATURAL GAS EXPANSION OF ENBRIDGE PIPELINE SYSTEM -STATEMENT

[NEXTA @nexta_tv]

🇹🇷 A Turkish official has become a social media sensation

Orhan Avcı gained fame after news of his appointment as head of the district branch of the “Huzur” Party.

However, people ended up discussing not so much the appointment itself as his photo.

“There’s a face on his moustache,” users joke.

[Right Angle News Network @Rightanglenews]

BREAKING - Passengers on an American flight from Atlanta to Puerto Rico captured one of the closest videos of the Artemis II launch from their plane, and it’s going massively viral, with some commenters expressing concern about how close the plane was to the rocket.

[6ixBuzzTV @6ixbuzztv]

Doug Ford: Oh, Christ, I almost drank your water

Mark Carney: I didn't touch it

Doug Ford: This isn't going to turn me into a Liberal, is it?

[BaseballHistoryNut @nut_history]

Major League Baseball is aired in the morning for Japan. So technically they eat breakfast with it being on television.

Here’s their #openingday commercial. No hyperbole, when I say this, it might be greater than any US MLB commercial I’ve seen. Well done and worth the watch for any baseball fan.

[Michael Burry Stock Tracker ♟ @burrytracker]

Sam Bankman-Fried had the best venture portfolio in history

What SBF bought vs. what it's worth today:
• Anthropic: $500M → $30.4B (+5,980%)
• Robinhood: ~$546M → $5B (+816%)
• Solana: 60M SOL at ~$8 → $5.3B at $89 (+1,012%)

If he did nothing illegal, he'd be worth $40 billion today

Instead he's now he's inmate #37244-510

[Itsuki Haru @ItsukiiHaru]

Everyone needs to visit Japan in their lifetime

[Codify @CodifyBaseball]

WATCH SHOHEI OHTANI'S WBC GRAND SLAM THE WAY IT SHOULD BE WATCHED!

[Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦 @firehorsecaper]

@triggerpod @KonstantinKisin @AimenDean Great informative interview!

[Science girl @sciencegirl]

There is an elderly guy who lives in a forest in Japan and runs a pizza restaurant

[unusual_whales @unusual_whales]

BREAKING: Trump has said: Will not allow the bridge between Ontario and Michigan to open until the United States is "fully compensated." Will start negotiations immediately

[Jason Coskrey @JCoskrey]

Kakuryu swishing it like Curry. The way he held the pose, too.

[Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦 @firehorsecaper]

@biancoresearch https://t.co/FJnMxzts9Q

[Caleb Gibbons, MBA, CFA®, FRM®, SCR™ 🌱 🇨🇦 @firehorsecaper]

https://t.co/u0ONmpvyvo