Jason Strasser

Co-founder, CIO Caption Partners
All views are my own

[Jason Strasser @strassa2]

Book list for you to check out this year if you haven’t:
- The Gambler (about Kirk Kekorian)
- For Blood and Money
- Red Notice
- More money than god
- Black Edge

Those are popular ones I hope there’s at least one new one for you.

Book I just ordered people seem excited about:
- Buffet’s Early Investments

[Jason Strasser @strassa2]

My Whoop has me in zone 2

[Jason Strasser @strassa2]

Unfortunately I used up my one time last year…

But one time?

🙏

[Jason Strasser @strassa2]

@DanielSingerS They picked 3 coins

If all 3 are up I owe $35k
If 2 out of 3 up I owe $12k (?)
And vice versa

The coins are down a lot

[John Arnold @johnarnold]

Between stock trading by federal officials, insider trading in prediction markets, fixed sporting events, and suspicious moves in energy, integrity in markets feels lower today than at any point in the modern era.

[Jason Strasser @strassa2]

Bleh at least game 7 at home

[NBA @NBA]

A unique arrival fit for Wemby 👀

Watch Thunder (3-2) Spurs Western Conference Finals Game 6 at 8:30pm/et on NBC and Peacock!

[Jason Strasser @strassa2]

@aejonesleggo I know its crazy how good Chet is and somehow there is a guy who is better at everything

[Jason Strasser @strassa2]

Yes, we know Chet Holmgren isn’t as good as an alien from France. But here are his career winning percentages:

High school: 128-15 (89.5%)
USA U19: 7-0
College: 28-4 (87.5%)
Regular season NBA: 139-44 (76%)
Playoffs: 32-12: (72.9%)

The Thunder in their last year Chet didn’t play: 40-42

Magic Johnson career win 74%
Tim Duncan/Manu Ginobli 72%

Chet is just a winner — an elite defender who will get better on offense. Hope he doesn’t get lost in the conversation because somehow Wilt Chamberlain and Diana Taurasi conceived a golden child who is going to win 10 NBA championships by himself.

[BuccoCapital Bloke @buccocapital]

Mark Zuckerberg learning he still has 70,000 humans working at Meta

[Jason Strasser @strassa2]

He was incredible

Would be a mistake to let Fox handle the ball more than him

[NBA @NBA]

DYLAN HARPER (24 PTS, 11 REB, 6 AST, 7 STL) joins Magic Johnson (2x) as the only rookies since 1973–74 (first season steals were fully recorded) to record 15+ PTS, 5+ REB, and 5+ STL in a Conference Finals game!

@spurs take a 1-0 series lead in the Western Conference Finals 🔥

[Jason Strasser @strassa2]

@DanielSLoeb1 @lisaabramowicz1 Do you think because of this tech leap— the difference in research between the best and the average fund is going to narrow? Everyone has Claude… more of a balanced playing field? (Not third point specific Q)

[ Q-Cap  @qcapital2020]

When it’s Friday night and you forget to file your 13f cause you’re playing dungeons and dragons with your besties

[Dustin Gouker @DustinGouker]

New: UFC President Dana White has sent a letter to President Donald Trump asking him to help reverse the 90 percent limit on gambling loss deductions for US taxpayers that became law last year.

The issue has been a concern for both bettors and the gambling industry itself.

[litquidity @litcapital]

When you’re a private equity associate getting pitched by the MD who gave you hell as an IB analyst and now you’re gonna watch him beg for your business (he’s not getting it)

[Oluwajomiloju @JomiAdeniran]

Watching your girl dispute a room charge with the front desk

[Jason Strasser @strassa2]

+1

[Haseeb ＞|＜ @hosseeb]

The highest-value human work in the AI era will be in domains with sparse reward signals. Internalize this, or watch your value erode over the next decade.

Math, programming, rote memorization, data science, all fucked. The classic “smart nerd” jobs are exactly where AI is strongest, because the feedback loops are dense. You can check the answer. You can run the test. That means AI can improve quickly, and humans will rapidly fall behind.

Your advantage as a human is in messy domains.

Taste. Judgment. Negotiation. Risk-taking. Politics. Sales. Science at the frontier. Anything you can only really learn by doing. Cross-disciplinary stuff.

The valuable domains will be the ones guarded by secrets, tacit knowledge, weak labels, long feedback cycles, and ambiguous outcomes. Places where the training data is scarce, the ground truth is disputed, and it's impossible to explain why something is good.

AI will still enter these domains. But we will be slower to trust it unsupervised there, because it will be harder to tell when it is right, harder to prove when it is wrong, and difficult to construct secure sandboxes. The stakes will be too high to YOLO it.

I find myself saying this over and over again to young people today: the future does not belong to people who are able to get good grades on tests. It belongs to people who can operate under uncertainty, in domains where correctness is hard to define.

Those domains will become the thin waist of the economy: as productivity everywhere else accelerates, the humans who excel there will become our economic Strait of Hormuz. The best humans in these domains will demand an enormous cut of the growing economic pie.

Your imperative going forward is to make sure you're one of these people.

(Or become an electrician. That probably works too.)

[Jason Strasser @strassa2]

@SenSanders The technology is coming whether anyone wants it to come or not.

[Jason Strasser @strassa2]

@NateDuncanNBA Aren’t you allowed to step slowly ?

[Jason Strasser @strassa2]

If step 1 is give an interest free loan to Circle or Tether, chances are the risk you're taking isn't fully compensated. The foundation of all risk taking is that you should receive the RFR as a floor, not given away. An opportunity has to be truly legendary to overcome giving away RFR.

[Farokh @farokh]

Is the yield worth the risk?

Chatting about what happened over the weekend with Aave and co.

[Jason Strasser @strassa2]

Would you rather attend this event, or lose with pocket Jacks 100x in a row?

[Team Fishback @TeamFishback]

As Florida's governor, James Fishback will ban Palantir from operating within the state:

"The Fourth Amendment of the United States Constitution bans a surveillance state."

[Andrew Kaczynski @KFILE]

Oh my God