Sandisk LMFAOOOOOOOO
JUST IN: Leopold Aschenbrenners Fund (Situational Awareness) has reportedly officially blown up…
These are the current (now liquidated) holdings:
- $MU bought at $1,153, now $703, (-39%)
- $CORZ bought at $25.6, now $11.1, (-56%)
- $SNDK bought at $2,268, now $874, (-61%)
- $NBIS bought at $273, now $121, (-55%)
- $CRWV bought at $99, now $42, (-57%)
- $BE bought at $301, now $165, (-45%)
Use him as a lesson why you NEVER over-leverage into high risk positions.
That concludes an end of an era…
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When B&M almost went under in 2004, it was South Asian immigrants - sons of a c&c owner - that saved it and turned it into a business that contributes £1 billion to the national economy pa.
Meanwhile the Poles and Yanks cut a deal to load Poundland up with debt and run for it.
u r acoustic
in my own experience, this happens every time i host/cohost and this was happening before i was more visible too.
it's the same old cycle:
- i turn people i like away due to capacity and they respect that
- i am overwhelmed with asks day of to the point where i can't respond
- a non-insignificant amount of those asks invite themselves and others anyway
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this guy is a retard
Q: Were you ever a socialist?
Abdul El-Sayed: No. I'm too much of a scientist to actually believe in any sort of ideology.
I just don't do ideology. I'm a person of faith, and everyone else brings evidence.
The idea that you should have guaranteed healthcare in the country, anybody who tells you that's anti-capitalist is not really understanding how capitalism works.
may their service charge quadruple !
Being in your 30s is finding out your “left-wing” mates are paying the mortgages on their London flats their family gave them the deposits for by renting out “cheap” rooms to their friends but deny being a landlord… Are you going to give them an equity stake when you sell then?
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my shakespeare
in new york, there's these super hot rich kids that make the cool kids from high school look short and broke in comparison. they're the product of generations of hot people fucking their way into money
when you first move here, you're intimidated by them. but if you get the chance to get them talking, really get them talking, and are able to listen without being distracted by their hotness and impeccable dress, you realize that they're as insipid as cafeteria mashed potatoes
if you've ever been to charleston, you know what i'm talking about. there's all this real money, but no real jobs. you ask a 30 year old w a range rover what he does, and he'll tell you that he trades equities. yeah, so the new york hedge fund set can barely beat the market but this dilettante of finance w a B minus average from the College of Charleston is picking stocks. he'll be okay, though: they don't let him touch the principal
he and his wife share a love of boats, booze and benzodiazepines. the anxiety of a life unlived. they're fucking housecats. meanwhile, the slums around the city make it look like they won the civil war
all of it makes you look at raising the estate tax and why not? belly aching about taxing double and death? liberal gov policies incentivize ppl to move to the sunbelt or offshore. but the fed estate tax can't incentivize them not to die
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one mans rainmaker is another man’s dinosaur
"Weil Gotshal is nothing without its people"
crazy that one of the most prestigious law firms ($2.1B revenue, $5.6M profit per equity partner), is considering bankruptcy.
In law, you can effectively acquire a firm's business without acquiring the firm, and Cravath just took their biggest M&A lawyer which led to a bunch of other people leaving.
In most acquisitions, you buy the company to get its assets. In Big Law, you can just hire the assets and leave the liabilities behind.
IMO AI will make this even worse... If AI replaces much of the work done by junior associates, superstar partners will need fewer people and less infrastructure around them... so why would the best partners share economics with a giant partnership?
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oh man
BREAKING: The UK has just issued security alerts for Israel, Iran, Pakistan, Turkey, Egypt, Iraq, UAE, Qatar, Jordan, Bahrain, Kuwait, Oman, Syria, Yemen and Palestine, warning all British nationals of sudden incoming escalation causing severe flight cancellations, airspace closures and travel disruptions.
"The context in the Middle East remains deeply unpredictable and the risk of sudden escalation is high," the new warning says.
It now covers British nationals planning to transit the region rather than only those already there, and drops all qualifiers on airspace closures and travel disruptions, which are no longer described as potential.
US embassies across the region ordered departures last week.
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