Todd Sullivan retweeted
Almost all the growth in global coal use since the late 1980s has come from China.
Outside China, the world’s use of coal has barely changed since the late 1980s. It was just over 20,000 terawatt-hours back then, and almost four decades later, it is still the same.
But the change has been very different in China. The country has increased the use of coal enormously, and today, China is burning more coal than the rest of the world combined.
The future of global coal use, and the emissions that come with it, depends heavily on what happens in China.
(written by @MaxCRoser)
Todd Sullivan retweeted
On Thursday, the S&P 500 ETF $SPY opened flat and traded down 4%+ from the open to the close.
Red dots on the chart below show prior occurrences. Higher one year later all ten times.
Are massive big open to close drops a clearing event?
I’m told at least seven advertisers have dropped @karaswisher @profgalloway @PivotPod @ProfGMarkets On with Kara Swisher and Raging Moderates, for their incessant calls for the execution of Elon Musk — and their joking about the assassination attempt on President Trump.
I don’t believe in censorship, but advertisers need to decide if they support political violence and this kind of rhetoric
It’s extremely dangerous and disgraceful
I don’t know why a tech company would pay Scott and Karen $10m a year each to endorse violence.
Why pay for Prof G’s private jet and $4,000 hotel suites that he brags about constantly?!?
Disagree with Elon and Trump as much as you want — I certainly do — but endorsing political violence is unacceptable.
Todd Sullivan retweeted
The NFL fined Ravens LB Roquan Smith $17,911 for a facemask — twisting Josh Allen’s head on this TD last week — and another $17,911 for a hit on a defenseless player on a different play.
Todd Sullivan retweeted
Wealth is built by cost averaging into corrective phases if u stay the course long term.
401k 403b 529plans IRA’s
Those who survived 2000 did awesome in 2003-2007 (a ton of pieces to pick up)
Those who survived 2007-2008
Did awesome 2009++++ (a ton of pieces to pick up)
2020 was awesome. 2021-2021 was tough.
Then there was awesome trading.
July 2026 started a new phase.
Stay safe / Sane / ready.
Know ur timeframe.
Have multiple timeframes
Keep ur head up!
Todd Sullivan retweeted
Berkshire repurchased about $3 billion of its shares in Q4 through October 28.
Todd Sullivan retweeted
Yes, The Cheesecake Factory is kitschy, gaudy and over-the-top. Yes, it transcends the constraints of both diet and design.
That’s why it’s such a juggernaut.
Read more: 🔗 on.wsj.com/4ztOWj3
Todd Sullivan retweeted
The Saturday Cut: The Market Doesn’t Care Who You Voted For
thelundloop.substack.com/p/t…
Todd Sullivan retweeted
A German psychiatrist spent 30 years trying to prove telepathy was real.
He failed. And by accident, he invented one of the most important machines in modern medicine.
His name was Hans Berger.
In the 1890s, when he was 19, Berger was doing military training on horseback. His horse threw him, and he landed in the path of an artillery cart. The driver stopped just in time.
That same day, at home many miles away, his sister got a sudden, terrible feeling that something had happened to Hans. She talked their father into sending a telegram to ask if he was okay.
Berger never got over it. He was sure that in that moment of mortal fear, his brain had sent a signal to his sister. He later called it "spontaneous telepathy."
So he dropped astronomy and went into medicine and psychiatry with one goal. Find the physical energy that carries a thought from one person to another.
For decades at the University of Jena, he tried everything. He measured blood flow in the brain. He measured brain temperature. Nothing.
Then he tried electricity.
His ideas sounded so occult that he ran the experiments in secret, in a basement lab at the clinic. He tested on himself, his own children and his patients. Colleagues thought he was a crank.
On July 6, 1924, he put electrodes on a patient who had a gap in his skull, hooked them up to a sensitive amplifier, and saw something no one had ever recorded from a human brain.
Waves.
Tiny electrical waves, pulsing in a steady rhythm, coming out of a living brain.
He doubted himself so much that he waited five years to publish.
In 1929 he finally put out a paper called "On the Electroencephalogram of Man." He would publish 14 papers under that exact title. In them he described a rhythm of about 10 waves per second that shows up when you close your eyes and disappears the moment you open them.
Today we call it the alpha wave. Some people still call it the Berger rhythm.
Almost nobody outside his field read it. Most of the people who did brushed it off.
Then in 1934, Edgar Adrian, a British scientist who had already won a Nobel Prize, set out to prove Berger wrong. He ran the experiment again and got the same waves.
Overnight, the crank from Jena was right.
Hospitals around the world use the EEG every day. Doctors read it to catch epilepsy and to watch what your brain does while you sleep, and in the worst moments, to decide whether a brain has died. The same idea sits behind the brain implants now letting paralyzed people type with their thoughts.
Berger never found telepathy. Late in life he admitted the waves were far too weak to ever reach his sister.
He died in 1941.
He went looking for proof that one mind could talk to another, and built the first machine that lets us listen to one.
Todd Sullivan retweeted
Shocker 🙃
wsj.com/business/earnings/mo…
Todd Sullivan retweeted
Elon Musk: "Even if I'm criticized by the whole world, I won't let go of X." The reason makes you think.
Reporter: "Why are you so attached to X?"
Elon: "What do you mean by that?"
Reporter: "Since the acquisition, it's been nothing but criticism, right?"
Elon: "That's true."
Reporter: "Politicians criticize you too."
Elon: "Yes."
Reporter: "There are conflicts with regulatory authorities."
Elon: "That's true."
Reporter: "Honestly, wouldn't it be easier to sell it?"
Elon: "Why?"
Reporter: "You have Tesla and SpaceX, don't you?"
Elon: "I do."
Reporter: "There's no need to stay in the center of controversies, right?"
Elon: "But what would that solve?"
Reporter: "...... Huh?"
Elon: "I think it's important to have a place where opinions can be exchanged freely."
Reporter: "But there are unpleasant opinions too, aren't there?"
Elon: "Of course."
Reporter: "There are wrong opinions too."
Elon: "That's true."
Reporter: "So, shouldn't there be restrictions?"
Elon: "How far to restrict?"
Reporter: "That's..."
Elon: "Who decides which opinions are correct?"
Reporter: "..."
Elon: "It's easy to protect only the opinions we agree with."
Reporter: "Yes."
Elon: "But what about when contrary opinions arise?"
Reporter: "..."
Elon: "That's where the real test of free speech happens, don't you think?"
Todd Sullivan retweeted
Cannabis users had less cognitive decline from age 20 to 64 than non-users!
pubmed.ncbi.nlm.nih.gov/3950…
Todd Sullivan retweeted
In my short-term trading account, I closed all my open bearish put spreads near the close today.
I'm not making the call that today was the bottom. I just know that one green candle will likely obliterate all the open profits.
If I'm early, I'm okay with that. I've been on the wrong side of that mean-reversion far too many times to think about.
Went through the X accounts I follow and clear out about 300 or so of them. Almost all had stopped posting or only did every 3-5 months or so and a few sadly passed away.
The difference in my feed is significant
Todd Sullivan retweeted
After DOGE, Elon came to a conclusion most people missed.
He tried to reform the state from the inside. He failed. And he said it plainly: the government can't fix its own deficit. Nobody in power actually wants to cut. The machine protects itself.
So he drew the only logical conclusion. If the state can't be reformed, there are only two ways this ends.
Either global bankruptcy. Debt keeps compounding, interest payments eat the budget, and the system collapses under its own weight.
Or robots. AI and robotics grow the economy so fast that the debt becomes manageable, and abundance makes the old fights over scarcity irrelevant.
Here's the part almost nobody sees.
For two centuries, capitalism has had a marketing problem. Its gains are real but slow and invisible. 2% growth a year doesn't feel like anything. Your life gets better over 30 years and you never connect it to the system that did it. Meanwhile, the left's promises feel immediate and concrete: a check, a subsidy, a benefit. That's why the left wins on promises even when it can't deliver them. Capitalism produces the wealth, socialism takes the credit.
Robots break that asymmetry.
When productivity doubles in a few years instead of a few decades, people will see it. Things get cheaper, services get better, opportunities appear, in real time. For the first time in history, people will connect capitalism and their rising standard of living directly, almost instantly. The causal chain becomes visible.
And that changes everything politically.
So there are two scenarios.
Scenario one: we stay in the current inertia. No breakthrough, or a breakthrough we regulate to death. The debt wins. Living standards stagnate, then fall. A frustrated electorate turns to whoever promises the most, and that pushes toward a hard collectivist left. But collectivism fails, as it always does. And when it fails, the most organized, most disciplined collectivist force left standing isn't the old left. It's radical Islamism. Bankruptcy, then communism, then something worse.
Scenario two: robots win. Abundance arrives, and it arrives visibly. The link between free enterprise and prosperity becomes obvious to everyone. And this is the key point: it becomes obvious to everyone, including the minorities the left was counting on. Because their long-term incentive is the same as everyone else's. A kid in the suburbs gains infinitely more from a booming, abundant West than from a bankrupt state handing out promises it can't keep. Abundance is the most powerful integration machine ever built.
That's the Western renaissance.
The West doesn't need to win the culture war by arguing. It needs to win it by delivering. And for the first time, it has the technology to deliver fast enough for people to notice.
The race isn't left vs right anymore. It's robots vs bankruptcy.
Todd Sullivan retweeted
Rare moral clarity and moral leadership here
Italian chef fired for refusing to put pineapple on pizza bbc.in/4egT8uf


























