Bayraktar Capital

submerging markets enthusiast

[Bayraktar Capital @MajorianM]

@mattyglesias @Noahpinion Would recommend the Anarchy by William Dalrymple, was a great read that addresses a lot of what Noah is referencing

[Bayraktar Capital @MajorianM]

@CeccCoal What book is this snippet from? Always looking for good reads on the 80 Years’ War

[1776 Live @250YearsAgoLive]

Continental Congress HAS SIGNED A DECLARATION OF INDEPENDENCE! 

The UNITED STATES are OFFICIALLY INDEPENDENT from BRITAIN.

LIBERTY BELLS ring out throughout Philadelphia; the streets ERUPT IN ECSTASY.

[Bayraktar Capital @MajorianM]

@MattZeitlin Not sure if it’s what you’re looking for, but I thoroughly enjoyed a Sea of Wealth

[Aradhya @econ_aradhya]

just stop seeking rents brah

[Crémieux @cremieuxrecueil]

"Without Mohammed, Charlemagne would have been inconceivable."

This quote describes Pirenne's thesis that Antiquity—the period when economic activity concentrated in the Mediterranean—ended because the rise of Islam destroyed the flow of trade across it.

[Black 🏳️‍⚧️ Site @UnseenOps]

Cloaks and ponchos over modern kit is still the ultimate look

[Bayraktar Capital @MajorianM]

@JZ281C @ShazCoder Any good papers that explore this? Have been trying to dig more into 70s-80s macro recently

[Cultural Chronicler @CultChron]

Your Daily Reminder:

[Patrick Blumenthal @PatrickJBlum]

Japan Self-Defense Forces Recruiting Poster, 2024

[Bayraktar Capital @MajorianM]

@ArchysLife What reading recs do you have on post-Ottoman Turkish history / modern Turkish politics?

[Gita Gopinath @GitaGopinath]

Wonderful to hear the White House military band play Om Jai Jagdeesh Hare for Diwali. Happy Diwali 🪔

[roon @tszzl]

unfortunately everybody who told you to work out in morning was correct

[Robert Barnett @RobbieBarnett]

3 Maps showing China's new villages in Bhutan.
Map 1: principal areas of Bhutan currently claimed by China. Most of the claimed areas in the west (parts of Bji gewog) & in the northeast (the Beyul and Menchuma) have now been annexed by China. Map: Foreign Policy/Robert Barnett.

[New Left EViews @NewLeftEViews]

Historians of Ancient Rome tend to neglect the fact that India was a far bigger trading partner than China.

(Below is Strabo’s map of the world, ca 1st century AD)

[Fabricated Knowledge @fabknowledge]

Going to role play with what to do with Intel to make it survive the most economic way and possibly have the business(es) live into the future.

1) sell Altera for like 25-30b in cash ASAP. MRVL probably would be the buyer but they look cash strapped. MCHP/AVGO/NVDA? possible.

2) get STM / multiple car OEMS to get a very large stake in MBLY asap abv market continue the spin (think
MBLY CEO wants to stand alone) but accelerate the monetization.

3) sell fabless CPU to Broadcom. Hock tan is the man who can do the cuts and the company survives. In that process do a 10 year agreement to fab at IFS + include a WSPM agreement for Broadcom, including TPU/Switch/Custom, contingent on performance milestones. IE if nodes deliver they move volume over.

4) Pat gelsinger stays at Foundry. He’s the right tech ceo for the tech job, but isn’t the right guy to do cuts. Spin the debt to fabless w/ hock, who is good for the debt. Foundry does the one thing it must, make a god damn American process that is the best in the world bar none. IFS can buy the kingdom back if they do their job.

5) CHIPS act / Government is involved. A bit of incremental money, but importantly funnel every single wafer from defense + incentivize fabless to throw wafers at IFS.

Net that’s probably like what 50-100b dollars and as much support, and then IFS crushes 18A / 14A, and has a roadmap with the sexiest chips (Broadcom custom + defense) and the US has a standalone fab that prob won’t implode:

Downsides; everyone except for Hock might lose money lmao. Idk this isn’t a pursuit for the lighthearted.

[BowTiedMara @BowTiedMara]

This description of Europe by Peter Thiel is spot on.

[🌿 lithos @lithos_graphein]

So in case you weren't aware, modern chip foundries modify the design after the fact to get it to yield better, this is otherwise known as DFM, design for manufacturing. And Nvidia has no idea what these changes are from their supplier, TSMC. When you say "mask" change, it implies DFM or OPC or some other printing problem, not a "design" issue. We're taking abt bleeding edge litho here so it's all a first of a kind.

[sophie @netcapgirl]

happy nvidia earnings to all who celebrate

[sophie @netcapgirl]

the us open sells $10m worth of honey deuces every year. if your company does less revenue than honey deuces you’re not allowed to post business advice on here