Kevin Payne

Investor. Mostly interested in investing, economics, travel, art, and language learning.

[Kevin Payne @kempayne]

P/S is not a good indicator for valuation but can be a good cyclical indicator. P/E for $DG is back to 2022 highs, but P/S reflects that margins are still depressed and have room to improve.

[Paul Graham @paulg]

ICE just shot and killed a woman Minneapolis. A US citizen. How long before we say "Enough is enough?"

[Kevin Payne @kempayne]

@omair_rana @qualtrim https://t.co/Ldxe3ezsqT

[Rosalind @rosalindmar19]

Kurt Vonnegut on buying an envelope

[Moses Kagan @moseskagan]

Regular reminder to the youngs:

If you're married & you haven't already, immediately go buy $1-3MM worth of 30 yr term life insurance.

It's really, really cheap & you will sleep much better at night knowing your family is protected if something happens to you.

[Kevin Payne @kempayne]

@ZephyrTeachout Congestion pricing addresses a bottleneck. Too much demand for limited road space and no viable alternatives. There is no similar bottleneck for trade.

[cowboy @nextokens]

talked to an ai safety guy who made the argument that the chatgpt tariff plan could actually be the first effective malicious action from an unaligned ai

[Erica York @ericadyork]

not enough people have seen this chart

[Patrick Collison @patrickc]

We got these phone booths (a K6 from the 1930s, and a KX100 from the 1990s) for the @stripe lobby, as a reminder that there are always two paths in everything we make: something that elevates and makes you smile, or, well, whatever the thing on the right is.

[Historic Vids @historyinmemes]

Stunning photograph of the total solar eclipse on July 11, 1991, in Chiapas, Mexico

[Kevin Payne @kempayne]

@JohnEkdahl

[Jake @EconomPic]

Wild chart

[Mostly Borrowed Ideas @borrowed_ideas]

if anyone has difficulty staying patient, this Howard Marks story can help.

(Also, anyone who's up 100% YTD will not come back to inform you that they're down 50% or whatever when/if that happens in some future year.)

[Deedy @deedydas]

All languages covey information at a similar rate when spoken (39bits/s).

Languages that are spoken faster have less information density per syllable!

One of the coolest results in linguistics.

[Vince Buffalo @vsbuffalo]

Step aside Monty Hall, Blackwell’s N=2 case for the secretary problem is way weirder.

[Gad Saad @GadSaad]

I explained this in The Parasitic Mind but let me try again: History is defined by the narration of how group A took over the land of group B. It is the fundamental feature of human history in that every square inch on earth was at some point occupied by someone else. In the same way that water chisels away at rock formations creating new landscapes, history is replete with the river of blood spilled fighting for contested land. But what allows for the flourishing of civilization is that eventually, the winners and losers of a particular battle, move on. We are no longer at war with Germany, Italy, and Japan. We've become friends. My family was forced to flee Lebanon, our homeland; our home was stolen by Palestinians; my parents were kidnapped by Fatah; we dealt with many horrors. But I harbor no ill will toward Palestinians. We moved on because that is the only choice that allows us to flourish and live dignified lives. The problem facing Israel and its enemies is that the latter are never willing to move on. It is canonically prescribed. Hence, there can never be peace until the end of times because there is no room for the possibility of turning the page. Hence, war continues forevermore because one side is never willing to accept the status quo. If Israel's enemies were to do what 117 billion people have done prior to them (i.e., every person who has ever existed on earth), namely accepting reality and moving on, the Middle East would see a historical renaissance. There is no region that is as rich historically and culturally as the Middle East. It is filled with astounding natural and human capital that is shackled by religious doctrines that oppress its people. If ever Israel's neighbors decide that there is a room for a tiny Jewish state in the region, and if they decide that the region is enriched by not being cleansed of all of its minorities (including the dwindling Christian communities), the Middle East will forevermore shine as a beacon of cultural richness. Have a great Sunday.

[Emma Camp @emmma_camp_]

Someone please look at this graph and tell me what was so great about the past.

[Yuri Sagalov @yuris]

The best investor pitches leave the investor feeling like they learned something new.

[TaraBull @TaraBull]

@elonmusk With all of the negative things happening in our world, what inspires you to keep going?

Elon Musk's response