Private equity has become a ponzi scheme. This is everything you need to know about why there is a push for allowing ordinary investors access to private market investments. www.bloomberg.com/features/202...

The fanfare for the latest bullshit machine is that it apparently now only bullshits 27.9% of the time. State of the art!

For posterity

time to check in on the ol' Facebook feed algorithm

From today's WSJ story on OpenAI

Ah yes off-balance sheet debt guarantees between Nvidia and OpenAI, why not www.wsj.com/tech/ai/sam-...

"HoldCo Asset Management"

The PE washout can't come soon enough

It's almost as if every single one of these deals is fake bullshit

Hard to think of anything more predictable over the last few years than private credit blowing up amid any kind of economic weakness

I am going to remember this chart for the rest of my life as a symbol of the AI bubble cresting the peak

I picked up this Failsworth traveler hat recently that I think nicely splits the difference between a formal and outdoorsy wide-brimmed hat.

It's so awesome that they were peddling this at the exact same time that Elon's brain was leaking out

I lost my balance and almost toppled over on a moving train this afternoon because I was gripped by such a powerful urge to see this tweet that I needed to type with both thumbs to find it

They're looting the country to help Elon buy TikTok

Advance consultation and notification? That's what deleting an independent agency with an authorizing statute requires via a vis Congress? Democrats are helping them author the new Constitutional order where Congress is merely an advisory body