Breakaway - Investing & Finance
Breakaway from the haters and mainstream thought. Learn about Investing, Finance and the Economy in a plain english and entertaining way. Understand the business environment and make money investing. Uncertainty in the markets driven by crisis, anarchy, politics and craziness is simply opportunity. Facts and truth here.
Breakaway - Investing & Finance
Markets, Golf, Netflix, SpaceX, AI & Fear, Over-taxation
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Open
Cameron Young tied on 18. Longest drive on 18. 365. Full pause. Birdy on 17, the hardest hole.
CAl FTB: Sucks
Facts of life: Your Thoughts define you
Miami
- Beautiful and no state tax. Everyone moving there.
- Mansions and yachts, but lots of normal people too.
- Ken Griffin. Meta CEO Mark Zuckerberg and Priscilla Chan have purchased a $170 million, 30,000-square-foot mansion on Miami’s
Markets
Long over-due correction.
AI Fear
- I've listened to a few podcasts featuring Marc Benioff in the last year. He is 100% all-in on AI.
- The idea that SAAS will be completed disrupted by AI is over-hyped. Jensen Huang put it well: AI will not invent a new hammer or screwdriver; they'll just use what exists. Analogy is to SaaS companies in general.
- Large Corporations (think Fortune 1000) are not goint to ditch big SaaS companies, like ERP (Workday, Oracle, SAP), Security, CRM, Analytics, Microsoft Office, etc...
Long story, short: The AI replacement fear is over-hyped.
Netflix
Netflix Loses Bidding War to Paramount!
Tesla & SpaceX
- Play at 0.28. Stop 2.00.
- Tesla has most advanced Real-world AI.
- Starting scale production of CyberCab in April.
- Tesla Semi coming this year
Merger
- SpaceX acquired XaI
- SpaceX will go public.
- SpaceX will merge with Tesla.
Love this take from Travis on Autonomous driving.
XAi
XaI will be a financial behemoth
Andrej Karpathy on Elon’s management style
AI
OpenAI
Anthropic Claude
Government
NewYork City
CA Fraud
Nick Shirley Doing his Thing again in CA
Wealth Tax
https://x.com/stevenfiorillo/status/2033352518802026741
- According to IRS migration data, New York has lost $111 billion in net adjusted gross income over the last decade from residents moving to other states.
- Google co-founder Larry Page recently made headlines by spending $188 million on three Miami mansions.
Washington State passes 9.9% tax on income over $1m.
- Howard Schultz leaving.
- Bezos already gone.
Recommendations:
- Hims and Hers!
- Bill Gurley: Running down a Dream
- Michael Lewis: Lyar’s Poker.
- The Rip. Was ok.
- The Running Man. great airplane movie. Glen Powel