It’s this universal reaction by alumni combined with lack of any legacy process that explains what meritocracy actually means in the us
November 27, 2025 at 12:25 AM
It’s this universal reaction by alumni combined with lack of any legacy process that explains what meritocracy actually means in the us
Yea I know - i was surprised to feel pretty strong sense of pride for someone from this group to make it to that level. I think to outsiders it seems obvious but actually it’s not.
November 26, 2025 at 11:02 PM
Yea I know - i was surprised to feel pretty strong sense of pride for someone from this group to make it to that level. I think to outsiders it seems obvious but actually it’s not.
not sure if this moment is indicative of ”NYC SHS” being actually pretty normie representative or just the realization that typical political operators are all just freaks but…. I’ll take it?
November 26, 2025 at 10:57 PM
not sure if this moment is indicative of ”NYC SHS” being actually pretty normie representative or just the realization that typical political operators are all just freaks but…. I’ll take it?
it's very easy to see how "Enron Broadband" would have worked out very differently today as some sort of musk/a16z/softbank production...
The unmaking of Enron Broadband
The spectacular collapse of a Wall Street darling with dreams of Internet dominance
www.datacenterdynamics.com
November 25, 2025 at 1:50 AM
it's very easy to see how "Enron Broadband" would have worked out very differently today as some sort of musk/a16z/softbank production...
conceptually its kinda interesting - innovation of vc investing is that we now can grow companies at scale with pvt capital with the kind of hand-waving that previously got people constantly into "fraud" territory if you were to do it at a listed company and things go south lol
November 25, 2025 at 1:47 AM
conceptually its kinda interesting - innovation of vc investing is that we now can grow companies at scale with pvt capital with the kind of hand-waving that previously got people constantly into "fraud" territory if you were to do it at a listed company and things go south lol
enron had to use market to market accounting to recognize lofty and unrealistic future economics on their financials to increase its valuation; tech today has benefit of raising $ without having to do so the same on its financial statements
November 25, 2025 at 1:45 AM
enron had to use market to market accounting to recognize lofty and unrealistic future economics on their financials to increase its valuation; tech today has benefit of raising $ without having to do so the same on its financial statements
Do you think you’d have materially better experience with a faster charging car like Hyundai/Kia?
November 24, 2025 at 4:04 PM
Do you think you’d have materially better experience with a faster charging car like Hyundai/Kia?
lol even better, approval of all but SI which is the only one Trump got (but never wanted)
November 21, 2025 at 9:58 PM
lol even better, approval of all but SI which is the only one Trump got (but never wanted)
Trump's Afghanistan withdrawal...
November 20, 2025 at 5:29 PM
Trump's Afghanistan withdrawal...
in effect bottle up otherwise gradual cuts for more drastic cuts once ai capex shows signs of apogee
November 20, 2025 at 5:03 PM
in effect bottle up otherwise gradual cuts for more drastic cuts once ai capex shows signs of apogee
probably an occupational bias, but I will look at the current debt expansion slowing to spot capex topping out and rate relief probably helps the music going for a bit longer than the counter factual there
November 20, 2025 at 1:15 PM
probably an occupational bias, but I will look at the current debt expansion slowing to spot capex topping out and rate relief probably helps the music going for a bit longer than the counter factual there
practically, if next 25-75bps doesn't unlock [housing/industrials/whatever] in next 6m but feeds AI debt origination machine as it ramps up, it might be counter-productive
idk the right balance here but feels like the debt piece will determine by how much ai capex overshoots over next 12-24m
idk the right balance here but feels like the debt piece will determine by how much ai capex overshoots over next 12-24m
November 19, 2025 at 7:37 PM
practically, if next 25-75bps doesn't unlock [housing/industrials/whatever] in next 6m but feeds AI debt origination machine as it ramps up, it might be counter-productive
idk the right balance here but feels like the debt piece will determine by how much ai capex overshoots over next 12-24m
idk the right balance here but feels like the debt piece will determine by how much ai capex overshoots over next 12-24m
Could argue that it slows prevailing credit acceleration into AI at a time when artificially prolonging Capex boom there does little to reset conditions of econ
November 19, 2025 at 7:23 PM
Could argue that it slows prevailing credit acceleration into AI at a time when artificially prolonging Capex boom there does little to reset conditions of econ
another way to think about its a very small cost of electrification - 2026 rav4 le (hybrid) is now marginally cheaper than the cheapest 2025 rav4 hybrid so presumably Toyota is eating some margin to make the transition (idk maybe net net they are still ahead by cutting base ICE models)
November 19, 2025 at 2:02 PM
another way to think about its a very small cost of electrification - 2026 rav4 le (hybrid) is now marginally cheaper than the cheapest 2025 rav4 hybrid so presumably Toyota is eating some margin to make the transition (idk maybe net net they are still ahead by cutting base ICE models)
just curious is this at all controlled for geography? Because I’d imagine the concentration of where production homes are added at scale is a very different distribution to existing home sales nation-wide?
November 19, 2025 at 2:06 AM
just curious is this at all controlled for geography? Because I’d imagine the concentration of where production homes are added at scale is a very different distribution to existing home sales nation-wide?
Idk if SMRs are net negative to the industry to the extent that they promise a panacea to conventional nuclear problems, undermining more focused support for conventional designs
November 19, 2025 at 1:19 AM
Idk if SMRs are net negative to the industry to the extent that they promise a panacea to conventional nuclear problems, undermining more focused support for conventional designs
tbf this specific situation seems to be byproduct of treating HNWIs as the biggest mark by the alternatives industry
November 18, 2025 at 6:42 PM
tbf this specific situation seems to be byproduct of treating HNWIs as the biggest mark by the alternatives industry
interesting recent forecast on this
interesting from woodmac latest LCOE forecast at end of decade even with sunsetting if IRA tax credits. Notable that lots of the behind the meter stuff fueling DCs right is among most expensive electricity source alas its what's available to them
November 18, 2025 at 5:58 PM
interesting recent forecast on this
they (and also xai) seem to just raise at 25-50% discount and/or 6 month lag to openai...
more notable I think is that investors are increasingly “circular ai economy“ and not institutional, but vals keep ratcheting up VC style
more notable I think is that investors are increasingly “circular ai economy“ and not institutional, but vals keep ratcheting up VC style
November 18, 2025 at 4:14 PM
they (and also xai) seem to just raise at 25-50% discount and/or 6 month lag to openai...
more notable I think is that investors are increasingly “circular ai economy“ and not institutional, but vals keep ratcheting up VC style
more notable I think is that investors are increasingly “circular ai economy“ and not institutional, but vals keep ratcheting up VC style
feels like this is beginning of the Paris Hilton transformation of the industry as if things aren’t bad already…
November 18, 2025 at 5:08 AM
feels like this is beginning of the Paris Hilton transformation of the industry as if things aren’t bad already…
3b) inevitably the pressure will be for C&I and DC customers in particular to pay higher, not lower, rates to x-subsidize retail. The political alignment of big tech with gob will make this ask easier for dems presumably.
November 18, 2025 at 1:19 AM
3b) inevitably the pressure will be for C&I and DC customers in particular to pay higher, not lower, rates to x-subsidize retail. The political alignment of big tech with gob will make this ask easier for dems presumably.
on debt side for us$ pf, you don’t usually get direct infl participation so it matters only to extent that debt service is protected from costs on inflation side - I think meta deal has power cost pass through and in any case has meta guarantee which is what got them A rating
November 16, 2025 at 10:18 PM
on debt side for us$ pf, you don’t usually get direct infl participation so it matters only to extent that debt service is protected from costs on inflation side - I think meta deal has power cost pass through and in any case has meta guarantee which is what got them A rating