Greg Benites

[Greg Benites @gregbenites]

Let’s go Knicks! 🏆

[NBA @NBA]

FOR THE FIRST TIME IN 53 YEARS, THE KNICKS ARE NBA CHAMPIONS 🏆

New York defeats San Antonio 4-1 in the NBA Finals, capturing their third championship in franchise history!

[Ethan Brooks @alt_w_v_g]

My wife mentioned a nice private school over dinner this week
She said the campus was beautiful
I asked what's the tuition
She said we should look at it as an investment in him not a cost
I made a note
She said don't make a note
I said I always make notes
She said this isn't a deal
I said everything is a deal
She closed her eyes

She said we'd discuss it Saturday
I agreed

Saturday 7:02am
She came downstairs in her Saturday robe
Coffee in hand
I had my cargo shorts on

The dining room had been cleared
The projector was on
The analyst was at the head of the table
Quarter zip on, three iced coffees, a legal pad, and two laptops
He had been there since 6:44am

I texted him at 11:14pm Friday
The text said dining room 6:45am bring the model
He sent a thumbs up

My wife stopped in the doorway
She said what is this
I said you said you wanted to discuss it
She said this is not a discussion
I did not respond
She sat down anyway

The analyst stood
He said good morning ma'am
She did not respond
He sat back down
A printed deck in front of each seat
A fourth copy in case

Slide 1 Tuition Schedule
$38,500 per year
Thirteen years
$500,500 nominal
Before escalators
The school has raised tuition 4.2% per year for a decade
With escalators $648,000
My wife said okay
I said I'm not done

Slide 2 Opportunity Cost
Even before escalators
$38,500 invested annually
10% nominal return
S&P long-run average since 1928
By his eighteenth birthday $944,000
My wife said we can afford it
I said I know that's not the slide

Slide 3 Terminal Value at Age 65
$83 million
She was quiet

The analyst slid the sensitivity tables across the table
8% return $31 million
10% return $83 million
12% return $222 million
She did not look

She said this isn't about money
I said it's always about money
She said no it isn't
I said then what is it about
She did not answer

She said you can't put a dollar value on his teachers his classmates his environment
I said I can the analyst already did slide 6
He flipped to slide 6
She did not look

She said the school is the best in the city
I said best is a feeling
She said it produces the best students
I said the students were already the best before they got there

She said our son deserves it
I said our son deserves $83 million

My son walked in
He is five
Dinosaur pajamas
He looked at the projector
He looked at the open deck on the table
He looked at slide 3
He said are we modeling pre-tax or after-tax
The analyst opened a new tab
My wife looked at the ceiling

He said what's the discount rate
The analyst set down his pen
She closed her eyes

He said is this the same return assumption from the 529 conversation
The analyst stopped typing
He looked at me
I did not say anything

She stood up
Sat back down

He said dad can I help
I said yes
He pulled up a chair
The analyst handed him a printout
He started reading

My wife watched him read
She watched him for a long time

She said his name
He looked up
She said do you like school
He said the work is too easy and the kids don't ask questions

She did not respond
She looked at the ceiling
She walked out of the room

The analyst started packing up
He said should I follow up Monday sir
I said no follow up needed

He'll be fine

Sent from my iPhone

[Ben Gilbert @gilbert]

Now that's a TAM slide right there.

[Tren Griffin @trengriffin]

"Long-term, I like bonds; intermediate-term I like equities; and short-term, I like scotch."

[Greg Benites @gregbenites]

https://t.co/E9lkwIzvf2

[Greg Benites @gregbenites]

The Benites Memo · Q1 2026

https://t.co/h3Wy0jfuEi

[Greg Benites @gregbenites]

The volatility was promised. The crime was a bonus.

[unusual_whales @unusual_whales]

BREAKING: FBI Boston Division has announced charges against 30 individuals involved in a major global insider trading scheme that generated tens of millions of dollars in illicit profits.

The defendants, who include corporate attorneys and other financial professionals, are alleged to have stolen and used confidential information on nearly 30 merger and acquisition deals from several of the nation’s premier law firms, including a firm headquartered in Massachusetts.

[Ryan Cohen @ryancohen]

I’m selling stuff on eBay to pay for eBay

https://t.co/REaITX9iXr

[꽈악추장 @un9sky]

대한민국이 얼마나 주식 광풍이냐면

시장에서 야채 파시는 아주머니가 주식창 보면서 야채를 담아주심

태어나서 이런 광경은 처음 봄

[Greg Benites @gregbenites]

simple as

[Jukan @jukan05]

Current memory-stock summary:

Korean memory stocks surge → U.S. memory stocks rally in response → U.S. memory stocks rally, so Korean memory stocks surge again → then U.S. memory stocks rally again.

[Greg Benites @gregbenites]

just a normal day in 2026

[zerohedge @zerohedge]

AMD adds $120 billion in market cap after beating revenue guidance by $700 million

[Greg Benites @gregbenites]

The Benites Memo · Q1 2026

https://t.co/h3Wy0jfuEi

[Zephyr @zephyr_z9]

"Unmoved by praise, unshaken by slander, follow the right path, and keep oneself upright"

[Diamond Rapids @diamondrapids]

终于知道为什么台湾动用全国力量围剿罗唯仁了。
这是真的决定人类命运的一次跳槽，英特尔真有能力去把那一册子N2 A16 A14机密变成世纪大翻盘。真有能力扭转美国半导体乃至美国国家的命运。

这比梁孟松还要梁孟松，已经是这个世纪最难以置信的逆转故事 $INTC

[HFI Research @HFI_Research]

Well done JPM.

It is just math.

[Greg Benites @gregbenites]

“We believe that software is solved.”

[daniel @DanielEdrisian]

I've left OpenAI and the Codex team to build Blackstar: A new hardware company building the future of human-computer interaction.

We believe that software is solved. Building apps is now easy, but the next meaningful improvement in human-AI communication requires changing the OS & hardware. That's why we're building a new device entirely.

I'm also excited to announce our $12m seed round led by @AbstractVC, with participation from @naval, @SVAngel, @chapterone, and Timeless, among other amazing angels who've supported us from the old Alex days.

[Greg Benites @gregbenites]

@Merridew__ markets waiting for Hardbank rebrand

[Elvis @elvissun]

good agentic engineers are super rare right now.

it takes talking to LLMs every day to really feel where the line is - what's sota, how to breakup problems for models to solve.

a lot of this is vibes, not science.

i honestly don't know how to teach these skills to those around me. i'm not even sure how to describe them.

the language for what models can't do isn't in my daily training data - they can't see their own blind spots, so the vocabulary was never built. it's like trying to describe 3D from inside flatland.

this is why i respect people like karpathy who can actually articulate the agentic problems we're facing. that's its own rare skill.

[Psyche Wizard @PsycheWizard]

“The first rule of fishing is to fish where the fish are.”

— Charlie Munger

[Zara Zhang @zarazhangrui]

This is the reason that to truly understand AI's capabilities, you almost have to become a builder

Getting your hands on AI coding tools is not just for making money/building a startup/increasing efficiency; it's also the best way to LEARN

Learn to build -> Build to learn

[Greg Benites @gregbenites]

Would this interactive simulacrum in theory do much better than leaving behind long form writings? Books, blogs, private journals, etc.

I see how this may allow for feedback on a given query, but in terms of showing your loved ones your innermost thoughts and how your brain operated, I struggle to see how this would be better than written works. Curious how others see the trade-offs.