Dudley K Beyler

Founder of Laveer Capital Management. Active #investor. Author.

[Dudley K Beyler @yieldoppression]

This is absurd, comrade

[Congressman Greg Casar @RepCasar]

Billionaire team owners keep getting richer while fans keep getting screwed.

It's why the Bears may leave Chicago.

It's also why @SenSanders and I introduced the Home Team Act — requiring team owners to offer locals the chance to buy a team before moving it away.

[Dudley K Beyler @yieldoppression]

This take is hilarious. Indiana ran a budget surplus of nearly $700MM in 2025, is approaching nearly $5 billion in rainy day funds and has one of the highest funded pensions compared to other states. This is what prudence and planning looks like.

[Speaker Emanuel “Chris” Welch @SpeakerWelchIL]

While Indiana is willing to raise taxes and promise $1 billion in taxpayer funds, Illinois has focused on the needs of working families who want relief at the gas pump, at the store, and on their insurance bills-not taxpayer-funded stadiums. Illinois remains open to ongoing efforts to secure the Bears in Illinois.

[sid @immasiddx]

During your life, you will meet a lot of people like Raj.

It is important that you ignore them.

[Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA]

Imagine paying $20/month for Claude when you can just ask questions to the Chipotle customer support bot and get Opus 4.8 for free

[Dudley K Beyler @yieldoppression]

@mikezoller I still have my Murphy's beer stein. Those are equivalent to a 10 pound dumbbell.

[Barchart @Barchart]

BREAKING 🚨: Japan

Japanese Crude Oil Reserves plunge by largest amount in history 📉📉

[Elon Musk @elonmusk]

Cybercab driving itself out of the GigaTexas factory

[U.S. DOGE Service @USDS]

Very innovative. Never seen this concept before.

[Anthropic @AnthropicAI]

We've raised $65 billion in Series H funding at a $965 billion post-money valuation, led by @AltimeterCap, Dragoneer, @Greenoaks, and @sequoia.

This investment will help us advance our research and expand our capacity to meet growing demand for Claude.

[Justine Moore @venturetwins]

Me using Claude Opus 4.8 to rename a file

[Jeff Bezos @JeffBezos]

All personnel are accounted for and safe. It’s too early to know the root cause but we’re already working to find it. Very rough day, but we’ll rebuild whatever needs rebuilding and get back to flying. It’s worth it.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

The price to rent an Nvidia H200 just collapsed from $7/hr to $4/hr in three weeks.

A -40% drop in the cost of the single most strategic asset in tech.

When the underlying commodity that powers your entire thesis loses 40% of its value in a month, that usually means one of two things: supply finally caught up, or demand was never as deep as the headlines said.

Either way, somebody is selling.

So why is the AI trade still pricing in scarcity?

[Watcher.Guru @WatcherGuru]

JUST IN: Jeff Bezos's Blue Origin New Glenn rocket explodes during a static-fire test.

[Dudley K Beyler @yieldoppression]

$ORCL ?!?!

[The Kobeissi Letter @KobeissiLetter]

Wall Street is ramping up hedges against Big Tech:

The total net notional value of credit default swaps (CDS) outstanding on major tech firms is up +$1.0 billion so far in Q2 2026, to a record $12.5 billion.

The total value of debt being insured against default on these companies is up +500% since Q2 2025.

Oracle, $ORCL, leads with ~$6.5 billion, followed by Amazon, $AMZN, at ~$2.0 billion, and Alphabet, $GOOGL, at ~$2.0 billion.

At the same time, Microsoft, $MSFT, stands at ~$1.0 billion, Meta, $META, at ~$800 million, and Nvidia, $NVDA, at ~$200 million.

Furthermore, monthly notional trading volumes of Big Tech CDS trading at Bank of America are up +900% since the start of 2025.

For context, most of these CDS contracts did not trade actively until 2025.

Corporate borrowing tied to AI is exploding.

[@jason @Jason]

At scale we can expect .75 a mile hard costs based on a $40,000 car being insured, cleaned, maintained, charged and monitored

They will do 25 rides a day

5-6 mile ride average means it will cost $4-5 for a provider to give a ride

Predict the will be offered at ~$10 so then have a 50% margin, or ~2-3x the cost of public transit

Consumption will go through the roof at these prices… 1% ride sharing will turn into 30% in a decade or two.

It’s going to be a $10t+ market

[@jason @Jason]

They updated the most legendary chart on twitter

What stands out?

[Dudley K Beyler @yieldoppression]

Lol

[Charlie Bilello @charliebilello]

The most absurd number in CPI? According to the US Government, the cost of health insurance has declined 20% over the last 5 years...

[Dudley K Beyler @yieldoppression]

Wow

[TFTC @TFTC21]

Ken Griffin went home on a Friday "fairly depressed" after watching AI agents at Citadel do work that used to take teams of PhDs in finance months to complete. Done in days.

His words: "These are not mid-tier white collar jobs. These are extraordinarily high skilled jobs being automated by agentic AI."

This is the head of one of the most successful hedge funds in history saying the people he pays seven figures to analyze markets and structure deals are being replaced by software that works in hours instead of months. Not theoretically. In his own office. Right now.

The Coatue deck we covered earlier this week called agents "the biggest unlock" in AI. Griffin just confirmed it from the buy side. The shift from copilots to agents is not a future event. It is already happening at the highest levels of finance.

[Dudley K Beyler @yieldoppression]

Agree

[@jason @Jason]

Uber is going to be bought by Google/Waymo, Amazon or Tesla/SpaceX in the next year.

For a “buy it now” price of $250b, one of those three companies gets a $12b a year free cash flow machine with $70b in revenue — and hundreds of millions of global customers

This is the most obvious M&A deal since Instagram, Android and YouTube transformed Meta and Google

Discuss

[Hedgeye @Hedgeye]

The 10Y Treasury yield now exceeds the S&P 500's earnings yield by 90 bps, the second deepest negative spread since 2002.