FortuneNotes

Stories of money, business & the people who built fortunes

[FortuneNotes @FortuneNotess]

@cb_doge If V3 really delivers 10–20× the capacity, Starlink is about to get a serious hardware upgrade. The bigger story is that Starship isn’t just a bigger rocket, it enables an entirely different generation of satellites. 🚀

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@WikiLeaksQ If this is happening at scale, the receipts should be easy to find. Follow the money, publish the numbers, and let the evidence speak for itself.

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ELON MUSK JUST SAID WHAT HE THINKS IS BEHIND THE RISE IN HATRED AND VIOLENCE

“The reason we are seeing this extreme amount of hatred and violence is because we are actually succeeding in getting rid…”

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https://t.co/iiA9l8ooy2

[FortuneNotes @FortuneNotess]

@0xkumaa I’d take the $3B, but I can understand why he didn’t. At 23, choosing control and a shot at building something bigger is a very different bet than maximizing the guaranteed payout.

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@JFKPASCAL The important question isn’t just whether this happens, but how much money is actually involved and what the audits show. Claims this serious need numbers and evidence, not just headlines.

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@TPVjohn_fanpage When a statement this broad is made, the interesting question is what evidence supports the claim not just how viral the quote becomes.

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@katsuxbt Going from “no problem, no worries” to “find $100K in 24 hours” is an insanely expensive reminder that casino credit is not free money. 😂

[FortuneNotes @FortuneNotess]

ELON MUSK JUST SAT AT TRUMP’S HEAD TABLE.

Elon Musk was among the high-profile guests at the White House state dinner for Chinese President Xi Jinping, seated alongside major figures from the tech industry.

The table included some of the biggest names in American business and technology including Jensen Huang, Tim Cook and other major CEOs.

For Musk, the moment was notable because his relationship with Trump had previously become publicly strained. Now, just months later, they were back at the same table in the White House.

Politics, technology and billions of dollars all in one room.

[FortuneNotes @FortuneNotess]

https://t.co/iiA9l8ooy2

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@historyinmemes Ford doubled wages, but the real price was privacy. $5 a day came with conditions that would be unimaginable in most workplaces today.

[FortuneNotes @FortuneNotess]

@Galileoxbt Making money is one skill. Turning it into durable wealth is another. If everything depends on you, you don’t own a system the system owns you.

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MARK ZUCKERBERG JUST SAID THE NEXT AI ARMS RACE WILL NOT BE WON BY THE SMARTEST MODEL.

It will be won by the model people can actually trust.

While most of the industry is obsessed with benchmark scores, reasoning tests, and who can solve more math problems, Zuckerberg says the next critical capability is alignment: building systems that are safe, reliable, and useful in the real world.

“I think we’re getting to a point where it may not matter that much how much better it gets at math.”

Meta reportedly delayed Muse for months to improve the product before release. Zuckerberg’s point is important: safety is not necessarily a sacrifice that slows business down. Done well, it is part of building a product people will choose to use.

“When you hear people in the industry talk about some trade-off between capabilities and getting it aligned, I just disagree with that.”

The next company to win AI may not be the one with the fastest model.

It may be the one that makes billions of people comfortable enough to trust it.

[FortuneNotes @FortuneNotess]

https://t.co/iiA9l8ooy2

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@mindarchx The real goal isn’t just earning more. It’s moving your money from paying someone else’s assets to owning assets yourself. That shift changes everything.

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@nyshaclip If this is real, human streamers just got a serious wake-up call. 💀

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@vladuah Crazy how billion-dollar companies can start with almost nothing.

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@ayush26291 The best lessons usually come after the biggest failures.

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A HEDGE FUND MANAGER WHO COMPOUNDED AT ROUGHLY 40% A YEAR GAVE AWAY HIS CORE STOCK-PICKING FRAMEWORK IN A SHORT BOOK.

His name is Joel Greenblatt. He founded Gotham Capital in 1985 and built one of the most remarkable long-term records in value investing. Before Wall Street made “quant” a buzzword, Greenblatt focused on one simple question: how do you buy great businesses without overpaying for them?

His answer became known as the Magic Formula. Rank companies by return on invested capital a measure of how effectively a business turns capital into profit. Then rank them by earnings yield a measure of how cheaply you can buy those profits. Combine the two rankings, build a diversified portfolio of the highest-ranked companies, hold for a year, and repeat.

That is it.

No television predictions. No complex macro forecast. No 80-page analyst report.

Just two questions: Is this business good? And is the price attractive?

Greenblatt’s historical backtests showed striking outperformance over specific periods, but the real lesson is not that a formula guarantees returns. It is that most investors make stock picking far more complicated than it needs to be.

Michael Burry’s early stock-picking work caught Greenblatt’s attention before Burry became famous for shorting the housing bubble. Greenblatt also spent decades teaching investing at Columbia and later walked through the Magic Formula in a free 56-minute Talks at Google lecture.

The market does not reward complexity.

It rewards buying quality at a price that leaves room for reality to disappoint you.

[FortuneNotes @FortuneNotess]

https://t.co/iiA9l8ooy2

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@xbtnoah Sometimes the best education isn’t a degree. It’s learning how to show up, follow a system, and be accountable when nobody cares about your excuses.

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@praying_medic1 The real question is whether these numbers are actually being compared on equal terms.

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THE $12 BOOK THAT EXPOSED WALL STREET’S $1 TRILLION INDUSTRY.

Joel Greenblatt turned $10,000 into millions with a two-line formula. He charged hedge-fund clients “2 and 20,” then published the strategy in a $12 book.

The idea is brutally simple: rank companies by return on capital, rank them again by earnings yield, combine the rankings, buy the top 20, hold for a year, then repeat. Greenblatt called it the “Magic Formula.”

He taught this strategy at Columbia. Michael Burry studied it in Greenblatt’s 1997 book. And in a 2017 Talks at Google lecture, Greenblatt explained the entire process for free.

His message? “Cheap and good beats expensive and average.” The formula is public. The book costs $12. The lecture costs nothing. The hard part isn’t finding the strategy, it’s actually following it when everyone else is chasing the next hot stock.

[FortuneNotes @FortuneNotess]

https://t.co/iiA9l8ooy2

[FortuneNotes @FortuneNotess]

@Ruzveltxbt Ownership really is the difference between earning money and building lasting wealth.