moose retweeted
If you ever make money in crypto to invest in other shit, do it.
I was very close to buying 2 exotic cars and 4 watches to store in the safe. I didn’t do it, I convinced myself other crypto investments were better. They weren’t.
Now I can comfortably buy 1 exotic car and 1 of those watches.
FWIW, those cars and watches appreciated in value while my crypto investment continued to plummet. Don’t let people convince you that “fancy things aren’t worth it”. They most definitely are and I will always stand by that 😂.
moose retweeted
Armies that win have the general at the front lines. Nobody wants to bleed for the prince in the palace.
Ron Baron asked Elon Musk how many CEOs live on site in an Airstream and work hands-on with everyone.
MUSK: “Airstreams are actually pretty nice... It’s parked right next to the power plant.”
“We built this power plant that’s producing over a gigawatt... in about a year, as opposed to normally about five years.”
“There is no upstairs.”
He walks the entire site up to five times a day. He’s pulled power cables “the size of an anaconda,” run fiber, wired switches, and worked on the power plant software.
“I try to do at least a little bit of everything, so that I’m not numb to the pain of the people who are actually doing it.”
“It’s not as though I’m sitting in an office and somebody has to come to me. I’m walking the floor, asking them questions actively.”
There’s a reason SpaceX is winning the compute race.
What??
When researchers analyzed how Pegasus spyware infected iPhones without the user tapping anything, they found something wild. The attackers sent an iMessage with a fake GIF that targeted Apple's image decompression engine. The decompression math was so flexible that the exploit chained arithmetic operations together to construct a literal, functioning software CPU using over 70,000 segment commands that defined logical bit operations (AND, OR, XOR, XNOR, etc.) entirely inside the image parser. This created a small computer architecture with registers, a full 64-bit adder, and a comparator, running raw code before the phone even buzzed with a notification
May go surfing for a few weeks while this chop ensues.
Zero edge trying to knife catch or chop yourself up
moose retweeted
how do spending increases address affordability?
Guess who pays
#BREAKING: Carney government adds $142B in new spending to spur economic growth, address affordability
ctvnews.ca/politics/article/…
moose retweeted
After you make it…
they’ll ask you how
and it’ll be impossible to explain what we’ve gone through just to get here
moose retweeted
A Goldman trader got passed over for partner, quit, made $4 billion in one year, then paid $43.5 million for the beach house his old boss lost in the divorce and bulldozed it.
That's the version everybody shares. What it leaves out is what the old boss was doing those same years, and honestly it's way worse.
The trader is David Tepper. He joined Goldman in 1985 and was running its brand new junk bond desk within six months. His desk made the firm a ton of money, but he was loud and he cursed a lot, and Goldman back then was a place where you got ahead by being polished. He got passed over for partner twice. The guy he blamed was the head of his division, Jon Corzine.
Tepper quit in December 1992 and started his own fund with $57 million. Corzine went on to run Goldman, and even after Hank Paulson pushed him out in 1999, he left with a stake worth about $400 million when the firm went public.
Fast forward to early 2009. Citigroup was trading under a dollar, Bank of America was around $3, and half of Wall Street thought the government was about to take over the banks. Tepper figured Washington would never let them die, so he bought as much as he could get his hands on. His fund was up more than 130% that year and he personally made about $4 billion.
Now watch what Corzine does next.
In March 2010 he took over a brokerage called MF Global. Two months later Tepper wired $43.5 million to Corzine's ex-wife for the Hamptons house. And that summer Corzine started loading up on bonds from Italy, Spain, Portugal, Ireland and Belgium, eventually $6.3 billion of them, because he was sure Europe would never let those countries go broke. If that sounds familiar, it's basically Tepper's bank trade pointed at Europe.
In 2011 the bulldozers came for the house, and on Halloween of that year MF Global filed for bankruptcy.
Every single one of those European bonds ended up paying back in full. Corzine was right about the bet, and his company still never saw the payout because the money showed up months after it went under.
What killed him was how much he borrowed. MF Global had about $40 of debt for every $1 of its own money, and at that ratio a 2.5% drop in what you own wipes you out. So when those bonds dipped, the lenders wanted more cash right away, the ratings agencies downgraded the firm, and the whole thing was over in about a week. Tepper owned his bank stocks outright enough to just sit there and wait for everyone to calm down.
Tepper is worth $28.5 billion today, about 71 times what Corzine walked away from Goldman with. Getting passed over for partner turned out to be the best thing that ever happened to him, and he has his old boss to thank for it.
华尔街阿帕卢萨对冲基金创始人、NFL卡罗来纳黑豹队老板大卫·泰珀，目前身家超过 200 亿美元，是个出了名的有仇必报狠角色。
泰珀年轻时在高盛集团当交易员，替公司赚了大钱，结果当时的部门顶头上司兼高盛掌门人乔恩·科赞嫌他说话嗓门大、举止粗鲁不够体面，连续两次拒绝升他当高盛合伙人。泰珀一气之下辞职单干，靠精准抄底次贷危机成了华尔街最赚钱的基金教父。
而当年看不起他的那位前上司科赞，后来不仅做生意破产还闹了离婚。泰珀得知消息后，直接掏出 4350 万美元天价现金，买下了前上司家族在纽约汉普顿最心爱的海景大庄园；拿到钥匙后泰珀一天都没进去住，直接叫来重型推土机把前上司住了多年的豪宅当场推平砸烂，再在原址上盖起了一座比原来大两倍的新宫殿出气。
moose retweeted
twitter still has the kind of election night juice that I would be itching for like a heroin addict if I had abandoned this place for BlueSky like everyone else did in 2023
