Next 2 weeks should sell all risk-on positions
As ive warned long ago we will get a stock crash toward end of july , spilling into August!
Time to slowly accumulate puts over month of june! Hold shorts until august ๐ฉณ
Then probably a bounce into October
David Sacks broke down on the All-In podcast why Alex Karp's CNBC outburst was not a meltdown but a warning, and then laid out exactly how Anthropic is running the same playbook Microsoft used to kill an entire generation of software companies.
The media called Karp unhinged.
Sacks said the opposite. Karp was describing what enterprise customers actually want.
Control over their compute, their models, their data, their alpha. Ownership of the means of production.
Then he named the proof.
Anthropic's chief product officer sat on Figma's board. He did not resign until 3 days before Anthropic launched Claude Design, a direct competitor.
Figma's stock is down 50 percent this year.
Sacks called it a pattern. Claude Code, Claude Science, Claude Security, Claude Legal, Claude Financial. Every vertical where a customer built value on top of Anthropic's model got absorbed by Anthropic itself.
Word Perfect and Lotus 123 got replaced by Excel and Word.
Nobody who went to bed with Microsoft in the 80s woke up with their business intact.
What do you think?
@markkaplan20 Probably a lot of women and also me can relate with bloating. I did fasting and only ate vegetables in my belly was so bloated. Started eating again and stopped the vegetables (selery, cucumber, fake kimchi from the store) , belly got small again.
@brivael Maybe you say that you know what to change but the truth is you don't and iMaybe you say that you know what to change but the truth is you don't and i have thought about this problem and keep finding new issues that wouldn't be solved by my previous solutions
@JuanSanchez0x0 Just so you know there are a lot of tax strategies you can use in the usa that are very cool and other countries don't have as many such tax tricks. So do your homework get informed and get your taxes down
63 million years ago, our primate ancestors lost the ability to make vitamin C.
A single gene called GULO mutated and stopped working. That gene codes for the enzyme L-gulonolactone oxidase. The enzyme that catalyzes the final step of vitamin C production from glucose.
Every other mammal still has a working copy. Dogs make vitamin C. Cats make it. Rats make it. Goats make it.
Goats produce roughly 13,000 mg of vitamin C per day. Under stress they produce even more.
The US government says you need 90 mg.
Humans, guinea pigs, fruit bats, and some primates are the only mammals on earth that cannot manufacture their own vitamin C. We depend entirely on what we eat.
Here is the part that should terrify every cardiologist.
Animals that make their own vitamin C do not get atherosclerosis. Ever.
Humans and guinea pigs do.
I am having a drink this evening with a friend in a Chiswick pub. Two policemen have just come into the pub and asked me to step outside. I have stepped outside and they have threatened me because I tweeted about a councillor banning seating outside pubs in Chiswick. They admit on video (watch it!) that I did not break the law at all. They came to threaten me. To warn me off tweeting about councillors and the council. This is modern Britain. This is the police state. Please, please, please watch this video. It does involve me using very bad language, but this has got to be seen. Police coming out to threaten someone who hasnโt committed a crime. Iโm fuming.
Yann LeCun -- Meta's chief AI scientist and a Turing Award winner -- explains why scaling up LLMs will never reach human-level AI, and names the four things today's systems still can't do:
"If you think that we're going to get to human-level AI by just training on more data and scaling up LLMs, you're making a mistake."
"If you're an investor and you invest in a company that told you we're going to get to human-level AI and PhD level by just training on more data and with a few tricks... that was probably not a good idea."
"There are ideas about how to go forward and have systems that are capable of doing what every intelligent animal and human are capable of doing, and that current AI systems are not capable of doing."
"Understanding the physical world, having persistent memory, and being able to reason and plan. Those are the four characteristics that need to be there."
"That requires systems that can acquire common sense, that can learn from natural sensors like video, as opposed to just text."
The entire market is priced on a straight line from bigger models to AGI. One of the people who invented deep learning is telling you the line doesn't reach -- and that the real bottleneck isn't compute, it's world models.
If he's right, the winner isn't whoever stacks the most GPUs. It's whoever teaches a machine to learn from video the way a child does.
We've been quiet recently because Mark Goodwin and I have been working to write the most comprehensive investigation into Polymarket's origins and ambitions to date.
We found that Polymarket's "official" origin story, that Shayne Coplan founded the company alone in 2020 and then built "the company in his bathroom", is a lie. Polymarket really started years earlier as another company called TokenBnk that was deeply tied to Israeli interests, specifically a crypto company founded by Benjamin Netanyahu's niece and nephew. Coplan has actively tried to obfuscate this company from his story and it's not the only thing either.
In Part 1 of this two-part series, we unravel the real history of Polymarket, directly connecting the company to Peter Thiel's efforts to resurrect controversial DARPA programs from its now defunct Information Awareness Office. Polymarket appears to have been chosen by Thiel and his associates to succeed in resurrecting DARPA's Policy Analysis Market where another Thiel-linked company, Augur, had previously failed.
Stay tuned for Part 2, where we explore the current influence of prediction markets and Polymarket, including how an insidious effort to have prediction markets replace representative democracy as a governance model is already being slowly implemented by the White House.
Read Part 1 here: https://t.co/xTmU5RzoZz