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No Sunk Costs @nosunkcosts.bsky.social · 20h

Disengagement is the only option

bsky.app/profile/robe...

Scott Horton @robertscotthorton.bsky.social · 1d

Dutch intelligence suspends sharing arrangements with the US after concluding that high level intel was routinely being shared by the White House with their friends in the Kremlin. www.volkskrant.nl/binnenland/n...

Nederlandse diensten delen minder informatie met de VS: ‘Soms vertellen we dingen niet meer’

Het aantal dreigingen dat op Nederland afkomt is groot, zien de hoofden van de AIVD en de MIVD elke dag: niet alleen Russische agressie, maar ook de opmars van China als digitale macht en binnenlands ...

www.volkskrant.nl

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No Sunk Costs @nosunkcosts.bsky.social · 20h

Taking a 20 year view, Small and Mid Cap returns began to materially diverge from SPX... at the end of 2022

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No Sunk Costs @nosunkcosts.bsky.social · 22h

The last 10 years for the median stock has been... less than ideal

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No Sunk Costs @nosunkcosts.bsky.social · 3d

$ORCL's average Fwd. P/E for ~10 years prior to the AI takeoff was ~14x

But now that growth is driven by a lower margin, more capital intensive, lower FCF conversion business with much lower switching costs.. it is too cheap at 15x 5 years out P/E

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No Sunk Costs @nosunkcosts.bsky.social · 5d

Apparently, a company that re-leases chips -- they don't even own the chips or the facilities -- and does <$150mm of 'gross profit' thinks $5bn is too low of a valuation

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No Sunk Costs @nosunkcosts.bsky.social · 5d

Men are the core customer for ride-sharing / women for food delivery

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Reposted by No Sunk Costs

Prem Thakker ツ @premthakker.bsky.social · 9d

Huh: TikTok took down my 8-second video featuring this image of Debbie Brockman — the news producer just detained by Trump’s CBP agents — saying it violates the “joy of TikTok”

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No Sunk Costs @nosunkcosts.bsky.social · 12d

JPM survey

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No Sunk Costs @nosunkcosts.bsky.social · 12d

Indian IT oursourcers views on AI adoption in their customer base

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No Sunk Costs @nosunkcosts.bsky.social · 14d

Forward FCF Yields on Nasdaq, SPX, EAFE and EM

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No Sunk Costs @nosunkcosts.bsky.social · 15d

TikTok Shop in SEA

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No Sunk Costs @nosunkcosts.bsky.social · 18d

AI agents as the solution to the replication crisis in social science research is a pretty good use case

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No Sunk Costs @nosunkcosts.bsky.social · 19d

One of the slimiest, most disingenuous interviewees I’ve ever heard

pca.st/episode/996c...

Tarek Mansour on Kalshi's Plan to Create Markets in Everything

pca.st

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No Sunk Costs @nosunkcosts.bsky.social · 20d

Chinese new home sales down 77% from peak

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No Sunk Costs @nosunkcosts.bsky.social · 21d

The whole post is lamenting that "we are not extrapolating straight lines on a graph enough!"

Buddy, this is the most significant private capex boom in human history, and market concentration has never been higher -- *everyone* in the market is extrapolating

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No Sunk Costs @nosunkcosts.bsky.social · 21d

So this blogpost keeps getting circulated as some sort of totem on 'how early it is on AI'

I don't have a strong view on which innings we are in, but I don't quite get it. What new argument has he made? What new information has come through?

www.julian.ac/blog/2025/09...

Failing to Understand the Exponential, Again

Posts and writings by Julian Schrittwieser

www.julian.ac

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No Sunk Costs @nosunkcosts.bsky.social · 25d

America cultivating client states again

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No Sunk Costs @nosunkcosts.bsky.social · 26d

'Fornite is the metaverse'

'Fornite is a place, not a game'

Fortnite looks more amd more like a has-been

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No Sunk Costs @nosunkcosts.bsky.social · 26d

Has any private enterprise in the history of the world invested this much capital as a % of GDP?

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No Sunk Costs @nosunkcosts.bsky.social · 26d

Numbers don't mean anything anymore

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No Sunk Costs @nosunkcosts.bsky.social · 26d

The safest place to be is in the vocal, visible, popular and highly public opposition

www.mediaite.com/media/entert...

Defiant Jimmy Kimmel Comes Out Swinging At Trump In Triumphant Monologue

Late-night host Jimmy Kimmel came out swinging at President Donald Trump in a defiant monologue on his first show after being suspended.

www.mediaite.com

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No Sunk Costs @nosunkcosts.bsky.social · 26d

Disengagement is the only option bsky.app/profile/osit...

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No Sunk Costs @nosunkcosts.bsky.social · 26d

Following up 'Andor' with this slop is just diabolical

Better to shelve it and keep the goodwill generated for something proper

Stephen Bush @stephenkb.bsky.social · 26d

Unclear if the lack of chatter about this on my feed is just a) a lot of the Star Wars people I follow are boycotting Disney or b) that this trailer is incredibly uninspiring.

The Mandalorian and Grogu | Official Trailer | In Theaters May 22, 2026

YouTube video by Star Wars

youtu.be

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No Sunk Costs @nosunkcosts.bsky.social · 26d

I would just take all out-year forecasts from these companies with a giant grain of salt. They are making things up as they go along and nobody knows where product market fit is.

Usage is growing, shares are shifting, but in that particular category OAI has lost share

No Sunk Costs @nosunkcosts.bsky.social · 26d

The Equity Risk Premium has reached a permanently high plateau

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