Musing for EOY. Learning - really understanding something - takes time and effort. You'll find a lot of people today debasing that fact and telling you they don't care and to hurry up. Don't listen to that sh*t. Learning is worth the time.

PORNO BOTS EVERYWHERE #HappyNewYear

it brings me no pleasure to say this, but gen alpha will make the same mistake as millennials. they will abandon high rise trousers and adopt skinny, low rise pants, deeming the first to be too "old" and the second "young." then their children will rightly mock them.

Perpetuating a myth. #M4A Hosp say “Medicare underpays” to defend markups. Private plans pay ~250% of Medicare, driving prem + OOP up. Facts: >50% hospitals profit on Medicare ~33% on Medicaid ~9% profit on charity Cost control, not rates, explains wins at Medicare rates v losses.

There's talk of bubbles (OpenAI and ORCL do not a bubble make) and then there's talk of private debt financing. Avoid BlueSky for the former Avoid LinkedIn for the latter

I'm not crying, YOU'RE crying 😭

I guess this means he's gonna have to go to war in the Falklands to shore up support in the north.

A little background on the multi-year shit-show that lead to uv. It's not perfect for package management, but it's the best I've seen in years and I've been using python since the early 2.x versions!

This is just insulting. Like do what - prop up the one thing that makes funding terrorism a walk in the park?

It’s not enough that psycho billionaires have these kinds of sick fetish, it’s that these media outlets are run by publishers and editors who have a corresponding fetish where they get off on publishing fanfic that indulges the fantasy about it. You creepy fucks could just keep it all to yourselves!

We need more Prof. Walt around these parts!

Watching the close collapse is such a beautiful thing.

'Murica.

A man that age with that much money puts his money in one place. It begins with "p" It ends with "ussy"

Everyone feels like a genius right now because it was good year for financial asset returns. But it is important to remember just how much debasement it took to get there. If you are expecting strong asset returns again in '26, it's an implicit bet on further debasement ahead.

Gonna be a no from me, dawg.

Little known bane lore is he was a Baker Scholar at HBS

World is a changing

Degens are buying the dip on silver right now.

Today's (yes,) #MusicSky

No way I'm buying this dip.

Even more - there are economic realities of generalized LLMs that prevent OSS and smaller players from eating away at market share of large frontier model service providers. It's going to tend towards a tight oligopoly (or even a duopoly) unless we figure out how to devolve power here.

🧵 Musing today about the repercussions for those in the sandwich generation like myself (Elder millennial, 40s, youngish kids, aging parents). A thread on #relationships: 🧵

Don't underestimate how long dated yields have become divorced from Monetary Policy. Also don't underestimate how much Fiscal and Monetary policy are working in cahoots to prop up short dated paper.

As K-Shaped Economy visualizations go, none is better than this:

The call I'm proudest of in 2025 is to flag Swedish Krona as a key winner in the debasement trade. Markets are scrambling for safe havens from debt monetization. Sweden has done a great job keeping its public debt under control and now reaps the benefits... robinjbrooks.substack.com/p/what-curre...

another robot highlight for 2025: man wearing humanoid mocap suit kicks himself in the balls

The rampant autism in the ranks of these companies, on display.

BAAHAHAHAHAHA

*Me screaming at a politician kissing a baby at a rally* THIS IS NOT THE OPTIMAL WAY TO CARE FOR CHILDREN HOW DO EXPECT THIS TO SCALE

It has always struck me that, despite the fact that it is allegedly anonymous money with no chargebacks, the pornography industry has barely shown any interest in crypto, which really impressed me what a dire payment system it must be.

I have admittedly done this myself here from time to time. It's helped keep me sane.

If you look back at how CA ranked both in terms of public transit infrastructure and public schools prior to 1978, it's atrocious. The tax revolt that was Prop 13 slayed the golden goose, and unfortunately most of the electorate today there is still to stupid to see this.

Now Playing #MusicSky

Every major user of AI inference services should be SCREAMING at the FTC/DOJ to take a hard look at the Nvidia/Groq deal. There's a reason why they dropped this quietly, late on Christmas Eve. IMO, they're dressing this up as a non-exclusive licensing arrangement, but it's really an acquisition.

One of my favorite papers from the last 2 years. People talk about emergence only in terms of "feelings of awe" or "multiple choice/binary" benchmarks. For those of us who understand math, metric choice is a massive part of this phenomenon (not all of it though, scale still matters).

The debasement trade is a bit of a wanderer - you're seeing it currently finding a home in precious metals, but don't count on that being consistent over long periods of time. Silver, Platinum and Paladium have taken on meme status, and the dollar is still undervalued.

Yup. The Force is telling me that the debasement trade is going to rotate out of precious metals (well - SLV, PLT+PLD) anytime now.

On the auspicious occasion of the birth of my Lord and Savior, I'd like to personally say that I love him, I love humanity, and hope we all can follow more in his (real) footsteps in the year to come. Merry XMas to you and yours!

What a terrible take. Christmas is inseparable from Paganism

Lied für heute #MusicSky

Another banger from Stan.

Regardless about how you feel about Sam Dogen of Financial Samurai/FIRE fame, I think this writeup hit a nerve for me. Work life is always going to be a tradeoff with family and children, unless you're a psychopath billionaire.

It's the true Reason for the Season. Really.

This has to be the most hilarious thread I've read on BlueSky in a while, I was practically rolling on the floor for a bit!

#BlueSky, what are some of your best gift ideas for DINKs (Double Income, No Kids) and DILDOs (Double Income, Little Dog Owners)?

Denis Leary's finest performance

AI euphoria may be blinding Washington to the effects of its policies on the rest of the economy: "This thing is so large that it’s breaking people’s mental models of how the economy works, and they’re making mistakes as a result" www.bloomberg.com/news/feature...

One of my worst picks in 2025 was that the Dollar would truly rebound from the doldrums of August/September. The meme-ing of precious metals tied to USD debasement is a little overblown, but markets aren't necessarily rational near term.