Taylor Browne

[David Sacks @DavidSacks]

Apollo’s Chief Economist: Zero Evidence of AI-Related Job Losses

[Grand Chess Tour @GrandChessTour]

Congratulations to Hans Niemann on winning #SuperRapidBlitzPoland after an impressive performance across both rapid and blitz! 🏆♟️
#grandchesstour

[Hans Niemann @HansMokeNiemann]

FREESTYLE SEMI FINALS!!!

[David Sacks @DavidSacks]

First agent to connect to all of your work apps — so it can access information and complete tasks across all of them — will probably win.

[david friedberg @friedberg]

America's Biggest Mistake?
A portion of every American's paycheck is deposited into the Social Security trust fund (OASI), which is then invested to create returns that aim to support long-term retirement payments.

Since 1941, OASI has ONLY invested in US treasuries, averaging an annual return of just 4.8%. Meanwhile the S&P500 has been compounding returns at 10.5% per year.

If instead of buying treasuries, OASI bought the S&P500 index starting in 1971 (the year the US went off the gold standard), it would have a $15.1T balance today and Americans would all share ownership of ~1/3 of America's best companies, likely supporting increased retirement benefits, lowering taxes, and reducing Federal debt levels while being the world's largest sovereign wealth fund.

Instead, OASI has a $2.7T balance today and is projected to go bankrupt in 2032, as retirement benefits swell while annual returns on US treasuries held by OASI have shrunk to <3% per year recently.

Many economic inequities in America can be traced back to this structural mistake. By not investing OASI in equities, only privileged Americans with private pensions, 401(k)s, IRAs, and other investment retirement accounts have benefited from the marvel of American capitalism, leaving behind the tens of millions of Americans who had no choice but to rely on Social Security and were left reliant on low-yielding US treasuries.

It is not too late to change. Social Security can still pivot to an equity-driven investment model, driving future balance sheet growth, providing investment capital to American businesses, reducing the dependence on Federal taxes and money-printing, and giving all Americans ownership in America's best businesses.

Rather than create a new sovereign wealth fund, while ignoring the imminent failure of Social Security, legislators can restructure Social Security. By adding ~$500B directly to OASI, investing the entire balance in the S&P 500, and assuming future annual returns of ~10.5%, OASI will grow while also meeting all future retirement obligations, rather than shrink away into insolvency.

The longer we wait to fix Social Security, the more expensive it will become... shifting to an equity-driven investment model now could ensure its long-term viability, address economic inequities across the US, create the world's largest sovereign wealth fund, and give every American ownership and participation in the rewards of American capitalism.

[Taylor Browne @tcbrownee]

@GaRudan_S @HansMokeNiemann @anishgiri If nobody blunders, nobody wins.

[Taylor Browne @tcbrownee]

@Chris613613 https://t.co/bMXnmuBIj4

Signing bonus is essentially a loophole to avoid what you’re describing.

[The All-In Podcast @theallinpod]

2,851 Miles by @bgurley from the @allinsummit

now available in full on @x

(0:00) 2,851 Miles
(24:44) In conversation with @bgurley

[Dave Portnoy @stoolpresidente]

This reaction to making a big putt is what people call "The Minihane" in the golf world. Classy, elegant and graceful.

[Taylor Browne @tcbrownee]

@anishgiri I feel like I’m the only one that gets the joke https://t.co/lxsJsQZZ0x

[David Sacks @DavidSacks]

Figma’s Valuation (purple line; left axis) versus ARR (red line; right axis).

Take-aways:
1) Late bloomers can thrive. Founders should never give up.
2) VC markets are highly responsive and slightly ahead of the curve.

We discuss fully on the next episode of @theallinpod.

[McKinsey & Company @McKinsey]

Working parents are craving flexibility—and they're quitting their jobs to get it.

Recent research shows that managers who are parents, and in particular women, provide much of the social support in organizations.

Here's how to keep this crucial group➡️

[NHL Public Relations @NHLPR]

Nazem Kadri became the ninth player in NHL history to score an overtime goal in his #StanleyCup Final debut (and first to do so in a contest that wasn’t Game 1).

#NHLStats: https://t.co/UYiVo35xxc

[Tim and Friends @timandfriends]

Robbie Ray becomes the first Blue Jay EVER with 10+ strikeouts in four straight starts!

And gets a standing O for it 👏

[CBC Olympics @CBCOlympics]

GOLD FOR DE GRASSE 🥇

Canada's Andre De Grasse wins GOLD in the 200m 🇨🇦

This is the first time a Canadian has won the event since 1928

[Steve “Dangle” Glynn @Steve_Dangle]

Ross Colton, a rookie, scored his 13th career NHL goal last night and it won the Stanley Cup.

[Jonathan Toews @JonathanToews]

I wasn’t too vocal about the things I went through this year. I appreciate the understanding and support and wanted to share this message on where I’m at.

[Eric Hansen @hansenchess]

how could you cheat against Vishy? AND during an online fundraising event... 😡

[NASA @NASA]

These galaxies are in good company 💫

The @NASAHubble Wide Field Camera 3 captured this image of a trio of galaxies — the second two galaxies can be spotted on the far right and bottom center. Discover what makes these galaxies unique: https://t.co/LzJcSzPWd5