Brad McNeill

[Compounding Quality @QCompounding]

Gentle reminder that you'll be wrong from time to time:

[O’Hare Trade•Dude Diligence 🐢🏴‍☠️🇺🇸 @OHare888]

Something I’ve spoken about for over 7-8 years now is this idea that the passive #ETF industry along with the #FED and its #ZIRP have created a Frankenstein market environment. Both of these ingredients have coalesced to create what I believe is a precarious situation, one where we have been experiencing long periods of extremely low volatility to ones where volatility blows out at a flip of a switch, in very rapid and destructive ways. Like a game of musical chairs, everyone is compelled to play till the music stops, by then it’s too late. I have posted/spoken about this topic many times on this platform, I have a pinned tweet from several years ago discussing this environment. A week ago David Einhorn of Greenlight Capital spoke at the Sohn Investment Conference about his views on this topic, I posted the whole interview in my feed.
Every time a new #ETF gets created so does a new BUYER of the underlying #stocks #bonds or whatever “asset” you choose, including just recently #BTC. As bad as I think the ETF environment is with regards to traditional investment options the Bitcoin ETF ecosystem is as pure an example of what I’ve been addressing all this time that I can find. Unlike BTC #ETFs traditional stock and bond ETFs have a variety of different securities based on their stated mandates. Now, virtually all stock ETFs introduced in the last 5-7 years are filled with virtually the same securities, there a subtle differences but they are weighted in a way that most of them are indistinguishable. This is one of the problems with the space in general, it serves as a pure conduit for money flows, unlike mutual funds of the past where there was a lot of dispersion among funds/strategies and their holdings. Today, ETFs act like a sponge, absorbing liquidity then squeezing it back out in rapid fashion as the underlying “investor’s” tastes change. Now, looking at the newly introduced #BTC ETFs there’s literally NOTHING that distinguishes one from the other save the fees they may charge. While this may not seem like a problem today as money flows have come into these vehicles, all of them own exactly the same thing at the same time so it stands to reason that as their “investors” tastes/risk profiles change the same upside volatility that created a performance wave they’ve been riding upwards will eventually come to shore in a violent way as all of them do the same thing in reverse, SELL. Below are 4 of these #BTC #ETFs, all of them own exactly the same thing, that they’ve been buying as their underlying investors have been buying their ETFs, their performance is indistinguishable, so how/why choose one over the other? More importantly, what happens when those same investors SELL their ETF holdings? Who’s going to be the other side of that trade? Who’s going to pick up the slack by buying their #BTC holdings? I believe we’ve finally reached the end of this long road, just some food for thought 💭

[Alex Hormozi @AlexHormozi]

You don’t need more sleep.
You need a better reason to get out of bed.

[THE SHORT BEAR @TheShortBear]

+$285,024

$SMCI $NVDA

As discussed I think we are close to a general top in markets and a blowoff on semis.

[anu @anuatluru]

if you don’t like politics, never work at a big company

if you don’t like work, never work at a small company

[MrBeast @MrBeast]

I’m gonna give 10 random people that repost this and follow me $25,000 for fun (the $250,000 my X video made)

I’ll pick the winners in 72 hours

[Queenie @Queenie367]

You know what feels worse than taking profits too early? Roundtripping your gains and having no dry powder to make substantial buys at or near the bottom of a crypto cycle. Shave some profits on the way up.

You’re here to take money from these markets, not the other way around.

Eat or be slaughtered.

[Alex Hormozi @AlexHormozi]

You obviously think you’re right.
That’s why you think what you think.

The problem is, everyone else thinks that too.

And everyone is wrong but one person.

And often, it’s not us.

[Not Jerome Powell @alifarhat79]

Inflation

[Sam Altman @sama]

i expect ai to be capable of superhuman persuasion well before it is superhuman at general intelligence, which may lead to some very strange outcomes

[Alex Hormozi @AlexHormozi]

Losers become losers by never being willing to lose.

Everyone loses before they win.

[Andrew Hart @AndrewHart]

“Massive store, where can I find that one screw I need?”

The accuracy of the navigation and indoor location is insane.

[Lazy Canadian Entrepreneur @JimChuong]

A real estate crash would not be the solution some think it would.

Because something that is bad enough to wipe out the property market has a good chance of decimating the middle class.

It would be the wealthy who would get access to affordable real estate.

[Timothy Sykes @timothysykes]

HUGE props to @stoolpresidente buying back #barstool as their content is NOT made for the corporate/regulated world & it's cool to see a founder who really gets his audience/wants what's best for them, not just piles of $ from $PENN & having to watch what you say, congrats Dave!

[Joe Carlasare @JoeCarlasare]

Overheard tonight:

“CPI coming down…Hikes are over. Market cannot go down ahead of an election.”

“I’m bullish on everything. Everything looks ready to rip.”

“Interest rates don’t matter. Why would I care about macro?”

“Lots of meme coins will run 10x to 50x by end of 2024.”

[Brad Gerstner @altcap]

Sunday All-in Mood.

[Balaji @balajis]

If Republicans were smart, they would propose a bill to pay down student loans by seizing college endowments.

The newly debt-free would be able to afford families, turning them Republican.

And universities would pay for the debt they saddled students with, not taxpayers.

[Brian Feroldi @BrianFeroldi]

15 visuals every investor should memorize:

1: In the long run, stocks win:

[John Gibbons 🇵🇸 @think_or_swim]

This is absolutely bananas.

There is NOTHING like this on the instrumental record. Its likely impact is probably immeasurable.

But is it leading our news bulletins & on newspaper front pages?

Nope.

[Chamath Palihapitiya @chamath]

Wow. Nailed it. 🤡

There’s so much emotional hand wringing and alarmism over climate change when the most prudent way to view it is through the lens of national security.

Show me a war involving the West over the past 50 years and I’ll show you a fight, directly or indirectly, over natural resources, namely oil.

The most important thing we are doing right now for our national security is getting to energy independence through solar and wind. And the biggest dividend it will pay will be in terms of peace. We will have abundant, near-cost less, renewable, carbon free energy within the decade. And stop getting entangled in wars near and abroad because of it.

The climate will be saved as well but it will be as a byproduct to the economically and socially sensible thing to do. In fact, more laws have positively impacted the fight against climate change by explicitly not mentioning climate change! BIL, CHIPS Act, IRA == Infrastructure Bill, Microchips, Inflation Reduction Act.

This may upset some folks who want to martyrize climate change but they should get over it and move on.