highIQretard

[Avi @AviFelman]

I think that focusing on the SpaceX IPO as a market top isn't right. It's the first major company in it's vertical to go live, there was quite literally zero supply of high quality space assets.

On the other hand, OpenAI / Anthropic can and will cannibalize from AI bets which currently drive the market, introducing additional supply to a saturated market.

Those are more likely to be a liquidity suck.

[Avi @AviFelman]

Opening for $SPCX indicated at $1.77T

This is a massive wealth transfer from public markets to private markets.

If this keeps happening, you have to expect over time forward returns for the public markets will trend lower. We keep pulling forward returns into the private markets and concentrating capital.

Not socially sustainable— you have to be putting money elsewhere. Indexing won’t cut it anymore.

[Flood @ThinkingUSD]

Really feels like Google called top on the entire equity market by raising $80B of equity, not debt.

For context, $80B is larger than anthropic’s last round, OpenAI’s last round and SpaceX’s IPO raise.

[Haralabos Voulgaris @haralabob]

I feel for the ZEC holders who got rekt. Truly.

It’s true that in life very few people are actually looking out for you. But what’s often understated is that there’s a massive difference between normal self-interest and people who seem to lack any moral framework at all, people who treat harming or extracting from others as if it’s the backbone of their entire life philosophy.

With ZEC, everything from the people around the project since inception to the ones promoting it of late pointed to something darker than self-interest: a total absence of honor, restraint, and moral consequence.

There’s a difference between realizing you’re in this alone and nobody is looking out for you, and realizing some people will actively destroy you if it means they can make more money or achieve their goals.

[Istra of Glome @byistra]

Fyodor Dostoevsky, do not lie to yourself

[swyx @swyx]

💁‍♂️ How to Play Long Term Games:

Systems > Goals
Discipline > Motivation
Trust > Distrust
Principles > Tactics
Writing > Reading
Vulnerability > Confidence
North Stars > Low Hanging Fruit
Trends > News
Habits > Sprints
Questions > Answers
Problems > Solutions
People > Projects

[Joe Weisenthal @TheStalwart]

12 REASONS WHY IT'S THE COLDEST CRYPTO WINTER EVER

Back in February I wrote a list of 10 reasons why this the worst crypto winter ever.

Well everything I cited then still holds, but now I have 2 more ways it's gotten worse:

From the newsletter https://t.co/25c7dc8ulW

[Sam Altman @sama]

one of the quotes i find most inspiring on a hard day:

"Whatever your hand finds to do, do it with all your might, for in the realm of the dead, where you are going, there is neither working nor planning nor knowledge nor wisdom"

Ecclesiastes 9:10

[Zohar Atkins @ZoharAtkins]

This is the way.

[JT @jiratickets]

throwback to when intel crashed 25% in a single day to an 11 year low and the CEO was literally posting prayers on the TL

now they’re trading at half a trillion and posting hype edits

mandate of heaven

[FEAR GOD @FEARGODMINDSET]

Carl Jung

[FEAR GOD @FEARGODMINDSET]

Read Steinbeck

[MP @MoneyPrinter0x]

remember guys🙏

especially as we enter the most explosive inning of this szn

markets will always be there - never fomo.

if you're overleveraged and/or have been beta chasing and have been doing well in recent times - would be good to gradually scale out overnight leveraged positions (if any) as we get nearer to the spcx & anthropic ipo while keeping good amounts of spot exposure

would recommend to remember this funny idiom,

"ten birds in the sky are worth less than one chicken in your fridge"

NFA DYOR

[Essential Mastery @EssentialMastry]

Dostoevsky was right; “Every self-betrayal is a sin. Whenever you go against your nature, your body reminds you.”

If you spend enough time with anything, you start liking it, even sadness. So let’s choose people and spaces that truly elevate us. Your peace is worth it.

[Rock Solid @ShitpostRock2]

Every time i think about doing that i think of this post

[Dr. Julie Gurner @drgurner]

Seneca hits you with a brick.
Pay attention to your life.

[Atlas Press @realAtlasPress]

Do. not. stop.

Thoreau

[George Mack @george__mack]

Flip the high agency triangle around and you discover the low agency triangle.

[Biohacker @biohacker]

100% funny enough my grandfather is a mathematician and ex lecturer.

One of his arguments is that

Universities can make people fluent in descriptions, models, and language, but fluency in explanation is not the same thing as direct contact with constraints, feedback, and consequences associated with the thing.

Once someone has to build, test, repair, persuade, fight, sell, or diagnose something in real conditions

The world answers back to you in real time and that is where false certainty gets stripped away

Forced interaction with the physics of the world” is a good phrase haha

Because 'reality' as it is has no interest in preserving your self-image.

When your idea meets pressure, friction, pain, error, or public failure

You find out whether you actually understand the thing or only possess a neat verbal map of it

[Gregory Blotnick @gregoryblotnick]

writing like this is why Seneca is the greatest. whole page is straight bars

"It is easier to banish dangerous passions than to rule them..."

wrote this shit 2000 years ago: on passions, bad habits, anger, self-control...and its better than anything that has been written since.