Oddball Stocks Newsletter retweeted
If every company in Korea owns below-market land, and if the country's growth pyramid looks like an urn, does anyone actually own below-market land?
Oddball Stocks Newsletter retweeted
Take a moment to think of the ~30,000 mariners who lost their lives in thousands of shipwrecks on the Great Lakes the last ~200 years
Oddball Stocks Newsletter retweeted
Visa and Mastercard identify secure credentials, trusted agents and consumer authorization as prerequisites for scaling AI-driven payments.
$V Visa CEO: "One of the key areas of innovation for Visa has been empowering agentic commerce. It is clear that in agentic, trust is the biggest barrier to scale."
$MA Mastercard CEO: "For this type of agentic commerce to function at scale, we need 4 things: trust in the payment, the agent, the ecosystem and ubiquitous reach."
Oddball Stocks Newsletter retweeted
The S&P500 is the eight wonder of the world.
AI trade blowing up, Nike/Lulu down 60%, Google down 13% in a single day. And this thing keeps chugging along with a high sharpe and double digit returns.
And it was critiqued for being too top-heavy in FANG and AI!
Oddball Stocks Newsletter retweeted
Of course that’s your contention. You’re a first-year RL engineer at a frontier lab. You just finished reading some Bible-quoting essayist, Will Manidis probably. You’re gonna be convinced your own model is a commodity until you get to Leopold, and then you’re gonna be talking about how the trillion-dollar cluster is destiny. That’s gonna last until your equity vests next quarter and then you’re at the bar regurgitating both of them, talking about the pre-Neo-Dollar utopia and the capital-destroying effects of hyperscaler capex.
The benefits of abundant intelligence will accrue far outside of San Fransisco.
Spent the last year writing about capital, sovereignty, and the coming reordering of economic power.
THE COMMANDING HEIGHTS
Commanding-Heights.com
Visa bros are you backing up the truck at 4% FCF/EV? $V
@DadInvest @CapitalObserver @blondesnmoney @At50w50882 @0xHorseman @Suicide95518428 @JohnHuber72 @todd_cfa @willis_cap @CDMCapital @stoked_on_waves @vanckzhu @retaox @ParrotCapital
Oddball Stocks Newsletter retweeted
The imperial United States excels in many things, but central is using state power to foster economically retrogressive ‘small holding’ phenomena like pricey artisanal cruise missiles that take 12 months to complete by hand. This is not a bug. It’s the whole point in fact
Oddball Stocks Newsletter retweeted
-Patriot interceptors delivered to the US Army over 225 months (Sep 2001–May 2020): 1,795
-Patriot interceptors fired in the Iran War’s first 7 months (Feb 28–Sep 30, 2026): ~1,800
ALT US fired 19 years’ worth of Patriot interceptors in 7 months. One line shows the cumulative number of PAC-3/MSE interceptors delivered to the US Army from September 1, 2001 through September 30, 2026. The other shows the estimated number of PAC-3/MSE interceptors fired by the US Army in the Iran War, from February 28 through September 30, 2026. The estimated 1,800 Patriot interceptors fired in the Iran War exceeds the 1,795 delivered to the US Army from September 2001 through May 2020. Data: Army procurement budget materials (P-21 schedules, fiscal years 2001 to 2027); media reports. Chart and analysis by Stephen Semler.
Oddball Stocks Newsletter retweeted
Warren Buffett must have been so upset when he found out this isn’t a spoon manufacturing company.
Berkshire agreed to invest an additional $330 million in Bending Spoons, bringing its stake in the Italian technology company to 4% just three months after backing its initial public offering. bloomberg.com/news/articles/…
Oddball Stocks Newsletter retweeted
Thanks in part to 100% expensing on data center investment, corporate tax revenues are plunging, even as profit margins reach record high levels.
Oddball Stocks Newsletter retweeted
My modal prediction for next decade: Interest rates spike as capital shifts from savings (treasuries) to investments due to higher returns promised by AI related capex. We’ve never seen this before bc AI is the only modern project that could affect real rates to this degree. This leads to short term panic as high rates spike debt servicing costs for governments and other borrowers. After 3 years of panic, it becomes clear to the market that the investments are paying off in a big way. Interest payments remain high but increased revenue from economic growth more than offsets the higher borrowing costs. Panic shifts to euphoria. Developed world adjust to 5% growth rates as the new normal and now demand 10% to be happy. Healthcare consumption + R&D grows as a percent of GDP as incremental disposable income is spent on more wishes (aka not dying).
Oddball Stocks Newsletter retweeted
TIL that global spending on alcohol is still larger than AI infrastructure spending this year ($1.7T vs $1.5T)
Oddball Stocks Newsletter retweeted
When the "reference discount rate" (mortgage rates) on an interest-rate sensitive asset like housing triples yet the price of that asset still rises 33%, the currency is the issue.
Blue = US Single Family Home Prices in USD, 2002-date (up 180%)
Red = USSFHP in gold (down 81%)
