The two main goals: teaching investors about better investing through risk control, and tying all of the markets into a coherent whole.
Baltimore, Maryland
Joined March 2010
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If I were running OpenAI or Anthropic, I would be racing to do the IPO. Though usage is growing margins are shrinking, and open weight models seem to be winning the race.
I knew the AI buildout was significant, but not this significant. I wonder whether the returns will be significant enough to justify all the investment.
Two big loans that were made during the postpandemic boom in private-equity buyouts are defaulting, hitting private-credit funds and ratcheting up losses in the already troubled corner of Wall Street wsj.com/finance/investing/tw… A sign of things to come.
The Continuum of Truthiness?
open.substack.com/pub/thealt… The longer a PE fund exists, the less LPs will likely get returned to them.
The Debt Beneath the Dream om.co/2026/03/09/the-debt-be… Spare a moment for Softbank $SFTBY & its leader Masayoshi Son. Debt & sweat...
Several blasts were heard in Qatar’s capital of Doha on Tuesday, Reuters reported, citing witnesses bloomberg.com/news/articles/… Israel is out of control. Qatar is not attacking Israel.
The July closing of Santa Elisa, once the largest mill in top sugar producer Brazil, was a warning sign: its owner Raízen, a JV between Cosan and Shell plc, was in trouble. Here's why bloomberg.com/news/articles/… A cautionary tale: do M&A carefully. Avoid debt on low margin businesses
Calvin & Hobbes 11-29-1995 (Last one, I just finished reading the series) -- As it says in Amos 3:3 "Can two walk together, unless they are agreed?" How does society hold together if two sides are relatively even, and they don't agree on ethics, honesty, law, life, & authority?
Calvin & Hobbes 11-26-1995 -- Watterson is ahead of most on how the Left and the Right talk past each other. They each have their own echo chambers.
Peanuts September 26, 1974 -- Schulz anticipates Trump and firing the head of the BLS. In terms of success, what is it like to compare the President to Charlie Brown's baseball team?
Calvin & Hobbes on July 7, 1995 -- Watterson anticipates Trump, and more generally, our polarized poitics
Calvin & Hobbes 1/19/95: Watterson anticipates the dumbing down of most civil discourse. It was not as widely spread then; it was mostly a radio thing. Wait, you're asking me "What is radio?"
11-18-1971. Context: Linus manages with the aid of Snoopy to free himself from his blanket. Charlie Brown felt it was cruel, and bought Linus a new blanket, re-ensnaring him. When my wife asks me how "nice people" can do horrible things, I say what Lucy said in the 3rd panel.
Calvin & Hobbes - February 11, 1993 -- Watterson was ahead of his time... but unlike the present, he was funny.
Downside risks to the labor market are becoming more of a concern for Fed policymakers, with some open to a July interest rate cut, @conorsen says bloomberg.com/opinion/articl… Data-dependent means the Fed will be late (as usual)
