TheAceMan

“There is no blue without yellow and without orange.”
– Vincent Van Gogh

[The Icahnist @TheIcahnist]

Unpopular opinion:

If you’re young and ambitious, stop reading Buffett biographies.

Read these books.

They’ll make you far more aggressive about recognizing and seizing opportunity.

[Boring_Business @BoringBiz_]

The fact that Bessent used to work for Druckenmiller makes this 10x more worth reading

He is criticizing his own prodigy for the decisions being made at the Treasury

[The Icahnist @TheIcahnist]

Modesty and self-deprecation are used every day on Wall Street to wipe the floor with wise guys.

[The Icahnist @TheIcahnist]

Great book about roll-ups

[The Icahnist @TheIcahnist]

Waste Management Billionaire Biographies

[TheAceMan @Vadertype]

@TheIcahnist Great post

[The Icahnist @TheIcahnist]

Some of the biggest yachts in the world are owned by waste management billionaires.

Playbook: Start with one garbage truck, roll up every small hauler, lock in recurring revenue, consolidate for decades, go public, then reward yourself with a superyacht.

Trash to Cash.

[bodila @51bodila]

Paul Tudor and Ray Dalio both hit bottom - Tudor lost 60% of client money, Dalio borrowed $4K from his father - now they run two of the greatest funds

- on one couch, together they held a workshop on how to trade right now

they said "the system is broken"

37-min masterclass between two legends who built the best funds in the world

bookmark & watch - one video will teach you more than any course from fake traders

[The Icahnist @TheIcahnist]

Two books every future industrial titan needs to read.

[The Icahnist @TheIcahnist]

This 82-year-old billionaire spent 40 years buying boring companies.

He owns:

• 25+ luxury wineries

• A Premier League football club

• Stanley Cup champions

• A title insurance empire

All starting from one deal in 1984.

Insane compounding story.

[The Icahnist @TheIcahnist]

How to Build a $60 Billion Chemical Empire

Jim Ratcliffe became one of Britain’s richest men by buying the industrial assets giants wanted off their books.

The Dealmaking Playbook

Thread

[TheAceMan @Vadertype]

@TheIcahnist Greatest channel on X

[TheAceMan @Vadertype]

@TheIcahnist Thank you for sharing.

[Bill Ackman @BillAckman]

Good advice on dealing with challenges.

[orcus108 @orcus108]

> undergrad at Harvard
> then went to Yale
> then 3 yrs at Bain
> 4 yrs at Blackstone
> 6 yrs at airbnb
> CFO of cedar
> CFO of fanatics
> CFO of anthropic

insane.

[Adam Ghowiba @adamghowiba]

JP Morgan's investment research team just shared exactly how they built their multi-agent system "Ask David", and it's the same architecture pattern showing up everywhere:

- supervisor agent orchestrates
- specialized subagents handle retrieval, structured data, analytics
- LLM-as-judge reflection node before the answer ships
- human-in-the-loop for the last accuracy gap

worth watching for anyone building:

[Boring_Business @BoringBiz_]

This is one of the best primers that exist on the data center and AI industry right now

If you want to better understand the unit economics of each layer in the AI stack, I highly recommend you give this a listen

Chase Lochmiller, CEO and Co Founder of Crusoe, breaks down the inputs and outputs of data centers at a granular level

Shoutout to @apoorv03 for hosting yet another fantastic class

[The Assembly @InTheAssembly]

A 25 year old just turned $225 million into $5.5 billion in 12 months.

Here’s exactly what he bought.

Leopold Aschenbrenner got fired from OpenAI in April 2024.

He spent the next few months writing a 165-page thesis predicting AGI by 2027.

Then he launched a fund and put his money where his thesis was.

He bought zero Nvidia. Zero Microsoft. Zero Google. Zero Amazon.

He bought what AI actually runs on.

Bloom Energy (BE), power infrastructure for data centers. Up 1,422% in one year.

Lumentum (LITE), optical components that move data between chips. Up 1,331%.

Sandisk (SNDK), storage. Up 3,130%.

CoreWeave (CRWV), GPU cloud infrastructure. Up 166%.

Iris Energy (IREN), AI computing and data centers. Up 583%.

The thesis was simple: every AI company needs energy, bandwidth, storage, and compute.

Nobody was buying those. Everyone was buying the AI companies themselves.

He was right.

His fund now manages $6 billion. Backed by Patrick and John Collison of Stripe and former GitHub CEO Nat Friedman.

I’m adding this to my watchlist.

Every time he files a new 13F, we will break it down here.

Turn on notifications so you don’t miss the alert, this is VERY important.

Many people will wish they followed us sooner.

[0xMarioNawfal @RoundtableSpace]

THE GUY WHO BUILT CLAUDE CODE JUST TAUGHT YOU HOW TO USE IT.

30 MINUTES. FREE. STRAIGHT FROM ANTHROPIC.

WATCH NOW AND BOOKMARK IT.

[Invest In Assets 📈 @InvestInAssets]

Best business models according to Morgan Stanley: