prabs

Views shared are my own.

[prabs @prabuddau]

@joeroganhq Quite a few celebrities have said this.

[Joe Rogan Podcast News @joeroganhq]

Ben Affleck: "Even social media for example, you looking at stuff you know, damn why is everybody else's life so good and I'm that seeing the life you're advertising looks so fucking cool and in my inside life feels like shit."

[ELON CLIPS @ElonClipsX]

Elon Musk: Possessions weigh you down. They’re an attack vector.

Joe Rogan: “You’re selling your houses, you say you don’t want any material possessions. Why are you doing that?”

Elon: “I’m slightly sad about it actually. But I think possessions kind of weigh you down. They’re kind of an attack vector. People say, hey billionaire, you’ve got all this stuff. Well, now I don’t have stuff. Now what are you going to do?”

Source: The Joe Rogan Experience, May 7, 2020.

[The Kobeissi Letter @KobeissiLetter]

Most people do not realize how many tech giants are already deep bear market territory.

Tech Stocks From Record Highs:

1. Coinbase, $COIN: -69%
2. Oracle, $ORCL: -57%
3. Salesforce, $CRM: -57%
4. ServiceNow, $NOW: -56%
5. Netflix, $NFLX: -48%
6. Palantir, $PLTR: -48%
7. Microsoft, $MSFT: -37%
8. Meta, $META: -32%
9. Arm Holdings, $ARM: -27%
10. Broadcom, $AVGO: -26%
11. Marvell Technology, $MRVL: -20%
12. Nvidia, $NVDA: -19%
13. Amazon, $AMZN: -19%
14. Alphabet, $GOOGL: -17%
15. CrowdStrike, $CRWD: -15%
16. Apple, $AAPL: -14%
17. Taiwan Semiconductor, $TSM: -12%

The S&P 500 won't tell you this.

[prabs @prabuddau]

@cryptorover @grok what is the reason for this?

[Wall Street Apes @WallStreetApes]

Kimbal Musk explains United States Government wants to pay $1 billion dollars per rocket launch

SpaceX came along and said no, the price is way lower at only $50 million

US Government pushed back and wanted the cost $1 billion dollars per launch

“Government would say, "But we'll pay you $1 billion. We just want you to do it our way." No, but that's the wrong way. You have to do it this way. It's $50 million. We were very happy with that price. The government was like, "No, we don't want that." And we actually couldn't believe it. We're like, "But you must want it for a lower price." Actually, they didn't care that much about price.”

Basically it works like this

Old defense contractors can spend as much as they want and the government will pay that amount plus 10%. That means they have an incentive to make the launches as expensive as possible

SpaceX said here’s a fixed price of $50 million and if we can do it cheaper then we can keep the extra money

This is a much better incentive system because it saves taxpayers a huge amount of money and SpaceX gets rewarded for making launches cheaper

[Camus @newstart_2024]

Jordan Peterson dropped some quietly brutal advice:

If people aren’t listening to you, stop talking.

Don’t cast pearls before swine. Pull back, watch what they actually do, and save your words for those who value them. Every time you keep offering yourself to people who reject it, you’re devaluing what you have to say.

Your time and energy are limited. Protecting them isn’t rude, it’s wise.

What’s your take, is pulling back from people who don’t listen one of the best life skills someone can learn?

[Michael Saylor @saylor]

Another Orange Star

[Teddy - PolyBackTest.com @Bitcoin_Teddy]

Elon Musk: There are no lords and peasants at Tesla. Everyone eats at the same table.

“I actually know the people on the line, because I worked on the line, I walked the line, I slept in the factory, and I worked beside them. So, I'm no stranger to them.

There are many people at Tesla who have gone from working on the line to being in senior management. There are no lords and peasants. Everyone eats at the same table. Everyone parks in the same parking lot.

At GM, there's a special elevator only for senior executives. We have no such thing at Tesla.

We give everyone stock options. Many people who are just working the line, who didn't even know what stocks were, we've made them millionaires.

And I just want to say that I'm incredibly appreciative of those who build the cars, and they know it.”

New York Times DealBook Summit, 2023

[Michael Saylor @saylor]

Congratulations @ElonMusk and $SPCX on a historic IPO.

Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.

[Phong Le @phongle]

"We're the largest holder of Bitcoin in the world. We're the largest purchaser of Bitcoin in the world. And we'll continue to be". Watch my conversation with @CNBC @PowerLunch below.

00:00 — "We're net purchasers of Bitcoin." The 32 BTC sale helped inoculate the market, test our processes, and capture tax losses over time
1:47 — We balance the needs of our constituents: $MSTR and $STRC shareholders, $BTC hodlers, and debt holders
3:07 — Four-year cycles, macro volatility, geopolitical conflict, inflation uncertainty, Fed policy, Clarity
4:15 — Bitcoin is a hedge against inflation and big government
5:32 — Capital that rotates from $BTC to AI will come back to $BTC
6:42 — With clearer rules, every major bank is going to flood into $BTC and crypto
7:27 — Expanding financial-system access is good for Bitcoin

[Marc ₿ @marc02200]

THIS IS HUGE FOR BITCOIN

Someone just bought a $4.2 million home using Bitcoin as collateral... without selling any Bitcoin. And it was backed by Fannie Mae.

While the timeline obsesses over short-term price action, Bitcoin is quietly moving from “store of value” into real collateral inside the $50 trillion US housing market.

[Shane Oliver @ShaneOliverAMP]

US May CPI +0.5%mom/4.2%yoy
Core +0.2%/2.9%yoy, up from 2.8%yoy

Core was fractionally softer than expected but implies May core PCE of +0.3%mom/3.3%yoy

Not enough to bring on a Fed hike, but too strong for Warsh and Fed to cut. Leaves Fed on hold next week.
(Bloomberg chart)

[Michael Saylor @saylor]

Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H

[David Sacks @DavidSacks]

Amazing presentation on the unicorn economy by Coatue’s Thomas Laffont at the All-In Liquidity Summit.

[Sawyer Merritt @SawyerMerritt]

Here is @SpaceX's full IPO roadshow presentation from CFO Bret Johnson, who has been CFO at the company for the last 15 years.

It's worth watching.

[David Sacks @DavidSacks]

Based Bezos is awesome

[Andrej Karpathy @karpathy]

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

[prabs @prabuddau]

@sanjiva Dasa building apparently (Grok)