[email protected]

[✥ @qamrlight]

—Fyodor Dostoevsky, 1849

[stark0xbt @stark0xbt]

Ron Baron has been investing for 56 years. He just said he has never seen a company like SpaceX. Not one.

He made his clients 15 billion dollars on it. He gave up 3 billion of his own profit to keep his shares. His frame: I do not want Elon to think about us as someone he gave stock to who sold the first chance they got.

The numbers Baron threw out are the ones nobody is modeling.

SpaceX sold capacity to Anthropic at $1.25 billion a month for 18 months straight. $15 billion a year. Then Google came in asking for compute. Elon said here is what I have left. $900 million a month.

That is 25 billion a year on just the compute slice.

And then: "The economy doubles every 10 years. Elon thinks instead of doubling we're about to grow 10 times every 10 years."

56 years. Never seen one like this.

[The Vigilant Fox 🦊 @VigilantFox]

Steve Harvey reveals he woke up owing the IRS $22,000,000 because his accountants spent SEVEN YEARS pocketing his tax checks and never filing a single return.

The government told him he had to pay $650,000 a month, every month, for 4 years. Miss ONE payment, and you go to JAIL.

He never would've known if his accountant hadn’t died. A woman cleaning out the office called his lawyer with a serious problem.

STEVE HARVEY: “She had found on the floor all my tax forms for seven years signed and with the checks stapled to it.”

“Well, they were cashing the checks, keeping the money and not turning in the tax forms.”

Seven years of bank statements that looked like a man paying his taxes.

“My lawyer called me, said, ‘Hey, man, we got a problem. You haven’t paid taxes in seven years.’”

“He said, ‘Man, that’s tax evasion. You can go to prison.’”

“I ended up owing 22 million. 22 million with the penalties.”

When he told his wife, Marjorie, she cried for two straight days.

“She says, ‘What you going to do?’ I said, ‘I’m going to go to work.’”

And he did.

“I took every comedy gig in this country, signed every contract. I went to work, man. I worked every single Friday, Saturday and Sunday.”

“I never missed a payment.”

He did that for four years. $650,000 a month, every month.

In 2012, he sold 49% of his radio company and used the check to pay the government off to zero.

“And that was the first time, man, I could breathe.”

The thieves were his accountants.
The $22,000,000 bill went to Steve Harvey.
And the only one who got threatened with prison was the man who got robbed.

[Soul Notes @SoulNotes43]

Struggling with a Noisy mind?

Watch this:

[Michael Girdley @girdley]

NEW LONG FORM VIDEO: How Jack Daniel's lost its $15 billion whiskey empire

Jack Daniel’s became America’s best-selling whiskey, selling more than 12 million cases a year. Its parent company, Brown-Forman, grew into a highly profitable business, with its stock once trading at around $79 per share. For more than 150 years, the company remained largely under the control of a single family, building one of the most recognizable whiskey brands in the world.

But over the past few years, things have taken a dramatic turn. Brown-Forman’s stock has lost nearly half its value, the company has cut approximately 650 jobs, and tensions within the family behind the business have spilled into public view, even making headlines in The Wall Street Journal.

So how did one of the world's most successful whiskey empires go from decades of dominance to financial struggles and internal family conflict?

This is the rise and fall of Jack Daniel’s.

[Christopher Ward @modelstrangers]

Could this be your future?

50 million views across social media.

Watch as an 88 year old man reveals his one regret.

👇🏼

[INHERITANCE @ImperialAssets7]

The most dangerous psychological sign..

[Retainer @retainermethod]

Sexual fantasies deplete Men

[KUMA @kuma_8472]

Mohnish Pabrai explains how Warren Buffett borrowed about $5 billion at 0.5%, bought Japanese businesses paying roughly 8% in dividends, and watched the investment double. He found those businesses by reading a company handbook that cost less than $100.

In this 56-minute video, Pabrai walks through 30 mental models for investing, illustrated with actual decisions, missed fortunes and mistakes he’s made himself. He explains why you should be able to describe an investment to a 10-year-old, and why finding something worth buying can take years of doing seemingly unproductive work.

He tells the story of Nick Sleep, who closed his fund and put his own money into Amazon, Costco and Berkshire Hathaway. Amazon eventually became around 80% of his portfolio. Then he sold half his Amazon position to buy another business. Pabrai explains why that decision is worth remembering the next time you feel tempted to “rebalance” a winner.

There’s also a much less comfortable story: the financial crisis, when the assets Pabrai managed fell from roughly $600 million to $200 million. He describes the exercise that helped him stay focused on what his businesses were worth while their market prices collapsed.

Then comes IPSCO: a $40 stock with $15 per share in cash, no debt, and another $30 in earnings expected over the next two years. Pabrai explains why he bought it, how he thought about the uncertainty, and what happened when a takeover offer arrived at $160. Save this for tonight.

Especially if you’re constantly searching for the next investment but have never really thought through what would make you sell the ones you already own.

[El estoico| Filosofía @marco_aureli07]

“No te destruye lo que sucede, sino la historia que construyes en tu mente sobre aquello.”

— Marco Aurelio

[El estoico| Filosofía @marco_aureli07]

“No controles el mundo; controla tu reacción ante él. Ahí comienza la verdadera libertad.”

— Marco Aurelio

[zamansız 1 söz @zamansiz1soz]

İnsanlar kitaplar gibidir. Bazıları kapağıyla seni kandırır, bazıları ise içeriğiyle seni şaşırtır.

- Oscar Wilde

[History Daily @HistoryDailyyy]

"Your emotions are servants not masters. Keep them in line."

*- Marcus Aurelius

[Paroles d'auteurs @Paroles_auteurs]

"De tous les animaux de la création, l'homme est le seul qui boit sans soif, qui mange sans avoir faim, et qui parle sans avoir quelque chose à dire."
John Steinbeck

[El estoico| Filosofía @marco_aureli07]

“Recuerda que tu vida puede terminar en cualquier momento; por eso, no desperdicies tus días buscando aprobación, persiguiendo placeres vacíos o preocupándote por aquello que jamás estuvo bajo tu control.”

— Marco Aurelio

[El estoico| Filosofía @marco_aureli07]

“Haz cada acto de tu vida como si fuera el último: sin negligencia, sin fingimiento y sin cobardía.”

— Marco Aurelio