Drew Pitchford

I partner with investors to structure and manage value-add multifamily real estate investments.

[Drew Pitchford @mf_drew_]

@primenova59 Price is determined by supply and demand. Not by how large a balance sheet the buyer has.

[Drew Pitchford @mf_drew_]

@Tonysmarkettips I think this is where you go too far. It’s just two friends f’ing with each other. Nothing deeper than that.

[Drew Pitchford @mf_drew_]

@paola_rojas Silver

[Drew Pitchford @mf_drew_]

@TheCinesthetic So it’ll barely break even?

[Drew Pitchford @mf_drew_]

36. I’ve lost $800k and made it back in 3 yrs time before.

Not being arrogant, but how you get to 50s+ and have nothing is purely lack of self management and discipline.

[I Dissent @DissentFu]

I am 52 years old. I have been working since I was 15 years old. I have no savings, no retirement, and will never own a home before I die.

And there is now a trillionaire.

[Drew Pitchford @mf_drew_]

@BlackLabelAdvsr @bryan_johnson No one “makes” Jesus Lord.

[Drew Pitchford @mf_drew_]

@TheGarpInvestor @joecarlsonshow Question the system. If you’re honest in your questioning, you’ll find that we are not a capitalist society and haven’t been for over 100yrs.

[Drew Pitchford @mf_drew_]

@casbeataol In the case of public companies, the owner typically gets 25% or less of the total wealth created.

[Drew Pitchford @mf_drew_]

@tonyannett Debt is not income because it does have to be paid back.

[Drew Pitchford @mf_drew_]

@BoredElonMusk Whatever number the person you’re speaking to isn’t jealous of.

[Drew Pitchford @mf_drew_]

Capitalism baby

[Dr. CZ @AngelMD1103]

For many visitors from Europe, a first trip to Costco during the World Cup becomes a cultural experience on its own. The huge packages, endless variety, and products ranging from food to clothing, coolers, and even hot tubs show a different side of everyday shopping in the U.S.

It’s fun to see the surprise and excitement over something Americans sometimes take for granted. Even a simple Costco hot dog becomes a memorable moment because of the combination of taste, size, and value.

Travel is not only about seeing famous places; sometimes it’s about discovering small everyday differences between cultures. Who would have thought a warehouse store could become one of the highlights of a World Cup trip?

[Drew Pitchford @mf_drew_]

This is why the “buy VOO/SPX and wait 30 yrs” makes 0 sense. That’s playing last years playbook.

[Patrick Karim @badcharts1]

Dow Jones Priced In Silver.

30 year "best fit" cycles measured from low to low.

Still building out a massive coiling pattern.

Currently, odds are for a downwards resolve, which could have silver peak close to 2039.

That is where you would get $800+ silver and $20000+ gold.

[Drew Pitchford @mf_drew_]

@Ferbin08 @mcuban @elonmusk The difference between starting the company and buying in after all the major gains have been made, no?

[Drew Pitchford @mf_drew_]

@GilmanHill What’s funky is the scale of problem being solved by those companies.

[Drew Pitchford @mf_drew_]

@DissentFu No offense, but that just means you are a failure.

[Drew Pitchford @mf_drew_]

@asaio87 I have some sort of enterprise account that only has a five hour limit. Which I’ve never hid.

[Drew Pitchford @mf_drew_]

@AnthropicAI Good thing I did some last minute refactoring of very legacy code today. A good send off. It was awesome.

[Drew Pitchford @mf_drew_]

I will be buying SpaceX sometime toward the end of 27 or early 28.

[Lee Roach @leevalueroach]

SpaceX is the most overhyped IPO of the decade and it will end exactly the way every overhyped IPO ends. Facebook IPO’d at $38 and traded under that for 15 months. Uber IPO’d at $45 and is still below that adjusted seven years later for a while. WeWork tried at $47 billion and ended at zero. Robinhood IPO’d at $38, hit $85, then $7. Coinbase IPO’d at $381 and was at $40 two years later. Rivian IPO’d at a $100 billion valuation with no meaningful revenue and gave back 90%. Beyond Meat. Peloton. Lyft. DoorDash. Bird. Each one a “generational company” the day it priced.

Each one a wealth destruction event for retail within 18 months. The pattern is not a coincidence. Hype IPOs are designed to transfer wealth from the people buying the story to the people who built the story. The bankers get paid. The early employees get out. The VCs get a markup they can show their LPs. The retail investor gets the bag. SpaceX is a great company. That has nothing to do with whether it’s a great stock at IPO. Greatness was already priced in five funding rounds ago. You are not getting in early. You are buying the exit. The only IPO worth chasing is the one nobody is talking about. Those don’t exist anymore because every IPO is marketed like a movie release. So the answer is: don’t chase. Wait two years. Buy it down 70% when the lockup unwinds and the narrative breaks. Or don’t buy it at all and put the money somewhere the bankers haven’t already extracted the alpha. Hype is not an asset class. It’s a tax.

[Drew Pitchford @mf_drew_]

@Tonysmarkettips He simply means that any negative press is potentially bad for league revenue.

[Drew Pitchford @mf_drew_]

@DonDurrett Don, this is noise. We will see $55 (and bounce around there for a while) before we break out again (and even then 80s will be resistance for a while on the way up).