#$MELI trading inverse to Brazil… but in a bad way this time

Hyperscaler capex

Korea YTD EPS estimates have nearly doubled as valuation has de-rated by ~28%.. primarily due to mix effect

MSCI World vs MSCI South Korea over last 20 years

Shocking, shocking that companies dependent on #$NVDA for both funding and access aren't vocal about bette price/performance options

Tai-Pan but as a prestige drama on Apple TV

The top 15 TV shows unranked Lost The West Wing The Sopranos Bojack Horseman DS9 Andor Seinfeld The West Wing Fawlty Towers South Park Succession Mad Men Battlestar Galactica Deadwood The Wire

Hard to escape the conclusion that the prevalence and popularity of very cheap labor intensive services in India is a symptom of its bifurcated labor force where manufacturing has stagnated and deep income inequality that continues to expand

Less than a decade go Piraeus market cap was less than its Q1 net income

Asia's oil intensity of growth

having the opportunity to feign surprise and drop this line would give me a kind of high no drug could reproduce

The Bull Case for the application layer

Customers prefer robotaxis to human operated taxis

China AI usage

European macro surprises fell off a cliff after Iran

SpaceX -- large and expanding moat

So Spud is a dud

Gen Z migration patterns

Semis vs Software -- 100% vs 0% Z-Score

The Information gives stock tips now?

Chinese founders prefer American LLMs and will go to great lengths to get access to them

The real fumble seems to be Gemini which has somehow exited the conversation entirely

Market has gone full AI maxi since the Q1 lows If you’re not AI, you haven’t recovered the pre Iran peak If you are, you’ve exceeded it

I’d bet good money that most of the men answering yes to this aren’t religious and follow no religious doctrine in their daily lives It’s just a vibes based answer to a survey question

New Interview: www.newyorker.com/news/q-and-a...

Hungary is going to vote out fascism

Fucking great slogan

It's funny that millennials are most interested in watching AI-generated movies and TV shows -- moreso than Gen Alpha + Z -- probably because the latter don't watch long-form content at all 🤣

De-Orbanization is going to be a decade long project in Hungary if done right Preview of what will also be needed here

Ben Thompson has so fully lost the plot that he cannot conceive of anyone having principles of any kind Too much time glazing tech bros

Boot-strapped electrical equipment business doing $200mm+ in revenue started by 2 Texas A&M guys by watching YouTube videos to deal with a component shortage for their natural gas flaring Bitcoing mining operation America man

There was an effort from some sober, well-meaning, left-leaning economists to 'debunk' the idea that consumption is increasingly being driven by the top 1-10% of households and the data isn't crystal clear, but if you have a first-principles model of today's economy, you know K-shaped is a fact

How China's online gaming industry is different -- regulatory protection for incumbents allows them to internalize efficiency gains

Had this thread 2 weeks after ChatGPT was released I think the Logical Progression has held up pretty well x.com/nosunkcosts/...

Github

Occam's razor

Hotel breakfast where the fruit section has 3 watermelon trays, 3 mango trays, and one tray for all other fruit Breakfast buffet market efficiency is increasing

I wonder if there is any self-reflection on the part of Tyler Cowen as to the cesspool that has become Marginal Revolution These are the top 2 comments marginalrevolution.com/marginalrevo...

RoW equity returns from Trump 2.0 election to pre-Iran war and to today have been ~2x US equity returns, mainly driven by a ~20% relative re-rating of ex-US equities vs. US equities

Had a thread on this last year, but this article gives you numbers and explains why right-wing dominance of social media is structural: right-wing influencers see their audience as suckers and marks, which allows them to garner the marketing dollars from the highest GM companies like gold scammers

Apparently Altman is keeping OpenAI's CFO out of discussions that relate to financing and spending Honestly, she may end up being grateful that she wasn't in the room eventually

K-pop driving a revival in US CD sales

Sounds like his 'secret' is that he takes a lot of directional risk in levered situations? www.wsj.com/finance/inve...

It's all just one big market -- crypto, sports betting, meme trading, prediction markets, 0DTE options, online casinos It's all various forms of gambling with a high rake for the intermediary This is why CAC is converging across all these different providers

at no point in this sentence could i possibly predict what would come next it's like an anti-markov chain deadline.com/2026/04/jona...

China is ground zero for the AI music disruption - 57% of new independently released songs are AI-generated - Structurally lower content costs due to the lack of royalties is enabling new aggregator and distribution models - Incumbents are having a hard time responding due to the worse economics

You love to see it www.ft.com/content/dcbd...

'DTF St. Louis' is evidence that weird internet culture is now fully mainstream -- this show is highly informed by internet strangeness, kink culture, a belief that 'everyone else you know' is living surreal, sexually insane lives