Patriot, investor, and student of economics, politics, religion, meditation, health & fitness, fine wine.
Joined April 2020
- Tweets 2,297
- Following 657
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60 Photos and videos
Pat retweeted
This is unAmerican.
We are capitalists not socialists.
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“It's better to keep your mouth shut and appear stupid than open it and remove all doubt”
― Mark Twain
AOC just called Elon Musk “one of the most unintelligent billionaires I’ve ever met or seen.”
The man who built reusable rockets, scaled EVs worldwide, created Starlink, and is now the world’s first trillionaire.
Meanwhile, she’s… a bartender turned Congresswoman.
Let that sink in.
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Pat retweeted
Jun 13
How many jobs have you ever created Senator? I’d leave @elonmusk alone.
Elon Musk just became the world's first trillionaire. While working people struggle to get by, the billionaire class is becoming the TRILLIONAIRE class. It's disgusting. I'm fighting to tax the rich so we stop rewarding trading stocks over punching clocks.
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Pat retweeted
Elon Musk: I completely lost respect for Obama when he repeated the fine people lie knowing it's false.
“A ton of people think that the Russia thing was real, still. The whole Steele dossier was completely concocted. The Clinton campaign funded a fake conspiracy theory, a fake Russia collusion hoax regarding Trump that was completely false.
The media also kept repeating the fine people hoax that said that Trump called neo-Nazis fine people, which is demonstrably false if you just listen to his speech. He absolutely makes it clear that he does not think neo-Nazis are fine people.
I just completely lost respect for Obama when he repeated that lie a few days before the election, knowing it's false.”
The Joe Rogan Experience, February 28, 2025
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Jun 13
🙌👍👏
Jun 12
The immigrant who used to shower at the YMCA to save money is now a trillionaire after making self-driving cars, reusable rockets, and worldwide internet access a thing.
Only in America! 🇺🇸
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Jun 13
God bless him. He was there for Elon Musk when the chips were down.
BREAKING: Elon Musk's best friend Antonio Gracias will make $68B from the SpaceX IPO
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Jun 13
Well said.
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Jun 13
Inspiring
Jun 12
In 1999, Diane Lane's sister was left by her husband with four children under ten years old and nothing else. No money. No plan. No warning.
Most people would have seen an impossible situation.
Diane saw four children who needed someone.
So she took them in.
What was supposed to be a temporary crisis became a commitment that lasted decades. While continuing her own career, she raised those four children as if they were her own.
She paid for school.
She paid for college.
She attended graduations, celebrated milestones, and stood beside them through every stage of life.
When weddings came, she was there too.
In every way that truly mattered, she became their parent.
Twenty years passed.
The children grew up.
Their lives moved forward.
Then, in 2019, the man who had walked away returned.
He was dying.
He was broke.
He was alone.
Standing at the door, he asked for help.
The children he had abandoned were adults now. They remembered exactly what had happened and exactly who had been there when he wasn't.
Their answer came immediately.
Send him away.
He had earned nothing from this family.
Diane listened.
Then she said something none of them expected.
She told them he had already taught them what not to be.
Now she wanted to teach them what forgiveness looked like.
It wasn't an easy lesson.
It wasn't a popular one.
But she believed it mattered.
Diane paid for his hospice care.
She made sure he was looked after during the final weeks of his life.
Near the end, he admitted something to her.
He told her he didn't deserve what she was doing.
Diane answered simply.
That was exactly the point.
Mercy wasn't about deserving.
The children watched the woman who had raised them choose something harder than anger and more difficult than justice.
They watched compassion win a battle it had every reason to lose.
Some lessons cannot be taught in classrooms.
Some cannot be explained through speeches or advice.
Sometimes they have to be lived.
Sometimes they happen beside a hospice bed, for a man who earned none of it, by someone who understood that forgiveness is never only for the person receiving it.
It is also for everyone watching.
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Jun 2
David - thank you for your commentary and service to our country
Jun 2
Many have reached out to me regarding the new Cyber EO. A few thoughts:
First, President Trump is the most pro-innovation president we’ve ever had. He’s made it clear that the U.S. has to win the AI race and that a pro-innovation, pro-energy, and pro-infrastructure policy is the way to do that. Thanks to President Trump, AI will generate over a 2% tailwind to GDP growth this year, with hundreds of thousands of new construction jobs and 25-30% wage increases for blue collar workers. President Trump is the reason that we have an AI boom happening right now.
The change in the EO from a 90 day to 30 day period is a game changer because it allows our AI labs to comply with the voluntary framework without delaying new model releases. They can synchronize their efforts under the EO with other pre-release activities. Furthermore, I’ve been advised by the lawyers who draft EOs that 30 days means calendar days, not business days. In the AI race, every day counts.
As OSTP well notes, “The EO creates a process for frontier labs to voluntarily share cutting-edge cyber models in order to secure critical infrastructure and strengthen the government’s own cyber defenses. We are NOT conducting oversight of all new models, as that level of government overreach would have chilling effects on free speech and innovation.”
OSTP’s characterization is completely consistent with the discussions that I have participated in, where it was agreed that the EO is intended to apply only to models that represent a meaningful step-change in cyber capabilities (eg Mythos), not to incremental version numbers of existing models (eg Opus 4.7 -> 4.8).
Finally, I understand the concerns of many that this could morph into an “FDA for AI”. Of course bureaucratic mission creep is always a danger and this should be closely monitored. But the EO expressly forbids the creation of a new licensing, preclearance, or permitting regime. Most importantly, I do not believe that President Trump would allow this to happen.
As AI presents new policy challenges (such as cyberweapons), I believe that everyone in the administration is working diligently to navigate the issues with the American people in mind. I look forward to working with the Treasury, NSA, ONCD and others on the implementation of this framework.
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May 27
“Research earlier this year by Rauh, Jaros, Kearney, and Doran found the proposed billionaire tax would not generate an increase in the net present value of resources for the state government. The study found a point estimate effect of negative $24.7 billion on state coffers, once lost income-tax revenue from departing billionaires is netted against projected wealth tax collections.”
May 26
Tax billionaires? Sure, but what happens when they leave?
My new piece with @joshrauh tracks what this means for jobs…and it’s worth the read:
fiscalrealitycheck.substack.…
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May 24
Beautiful 🙏
May 24
Every year, rose petals rain down through the oculus of the Pantheon in a stunning tradition symbolizing the descent of the Holy Spirit at Pentecost.
Video: Compagni di viaggio
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Pat retweeted
May 21
Jeff Bezos Responds to Seattle Officials After Leaving For Miami Over Wealth Tax Seattle’s political elite may have just received the most devastating financial reality check in modern city history after Jeff Bezos quietly confirmed that Washington’s aggressive new tax structure played a major role in his decision to flee to Florida, a move that reportedly saved the Amazon founder close to $1 billion while leaving Seattle staring at a collapsing revenue model built around billionaires who can leave faster than lawmakers can pass another tax bill. What makes the situation even more humiliating for city leaders is that Bezos did not scream, threaten, or launch some dramatic billionaire rebellion against Mayor Katie Wilson after she publicly laughed, waved “bye,” and dismissed concerns about wealthy residents leaving the city. Instead, he simply ran the numbers, changed his address to Miami, sold billions in Amazon stock, and calmly pointed out that the tax revenue Washington expected from him no longer exists because he no longer lives there. “Apparently, telling the richest man connected to your city that he’s irrelevant works slightly worse when he takes half your projected tax model with him.” As Starbucks founder Howard Schultz escapes to a $44 million Florida penthouse, Amazon shifts workers out of Seattle, downtown vacancy rates explode, and lawmakers double down on even higher millionaire taxes despite a near 50% drop in capital gains revenue within a single year, critics are now warning that Seattle may have become the most terrifying live experiment in America showing what happens when ideological politics collides headfirst with economic math and the people funding the system quietly walk away.
“Seattle’s $1B mistake revealed 👇”
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May 13
What a man and legacy!
May 13
He sold his Bugatti to build a Church (and a university, and a small town.)
Tom Monaghan founded Domino’s Pizza and became a billionaire. He bought yachts, private jets, and the Detroit Tigers.
Then he read C.S. Lewis and had a massive reversion to his Catholic faith. He took a "millionaire's vow of poverty," sold the Tigers, sold his fleet of classic cars (including a $8M Bugatti), and gave away his fortune.
He used the money to build a Catholic university (Ave Maria) and a massive Church in Florida.
He proved that you can serve God or Money, but not both. But he also proved money is not evil, and as any tool can be used for good in the right hands.
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Pat retweeted
May 10
“Jesus wept.” John 11:35
Mother’s Day is bittersweet for me.
I’m grateful my own mother is still here with us today. I know how precious that is.
But every Mother’s Day also reminds me of what was stolen from my daughter, Katie.
Katie was warm, funny, thoughtful, and deeply caring. As she grew older, I would often catch myself imagining the future she deserved. I knew she would have made an incredible mother one day.
I pictured her raising children, building a family, becoming the kind of steady and loving woman people naturally leaned on.
I looked forward to my later years watching her thrive, growing into that role, and someday holding the grandchildren she would have brought into this world.
All of that was stolen in a second.
Not by fate.
Not by unavoidable tragedy.
But by reckless political choices.
Katie was killed by an illegal immigrant who should never have been in a position to take an innocent life, a man who exploited the gaps, incentives, protections, and failures deliberately built into Illinois policies that have virtually no meaningful guardrails to protect citizens or legal immigrants alike.
In Illinois, those who break the rules too often receive protections and privileges ordinary citizens would never be afforded. And when disaster follows, the same politicians who created these conditions refuse accountability.
Governor JB Pritzker presents himself as compassionate and visionary. But real leadership requires accountability for outcomes and not just applause for intentions.
People say he is a smart man. If that is true, then he understood the risks and foreseeable consequences of these policies. He understood innocent people could pay the price.
Yet those risks were accepted anyway in service of ideology, national political ambition, and personal advancement.
That is what makes this so painful.
Katie was not collateral damage to me.
She was my daughter.
And still, there has been no transparency, no meaningful accountability, and no courage from Illinois leadership willing to challenge the governor’s agenda. Too many elected officials fall in line out of fear of political retaliation, pressure, or the enormous influence of inherited wealth being wielded against dissent.
That is not healthy leadership.
That is political intimidation masquerading as virtue.
Meanwhile, the national media continues to elevate stories that fit preferred narratives while minimizing or ignoring others that challenge them. Selective outrage is not journalism. Omitting uncomfortable truths is its own form of dishonesty.
As I sit here today, I do not only mourn Katie.
I mourn the children she will never have.
The Mother’s Days she will never celebrate.
The family gatherings that will never happen.
The grandchildren I will never hold.
The future that was erased.
That is the true cost of reckless policies detached from reality and shielded from criticism.
Katie deserved better.
Katie should have had many Mother's Days.
Our family deserved better.
Illinois failed her.
Happy Heavenly Mother’s Day, Katie.
I love you.
And I will never stop speaking your name.
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Pat retweeted
May 8
The idea that all billionaires got their money by exploiting peopl doesn't hold up to any scrutiny.
JK Rowling wrote books about cheeky wizards. I invented a better way to make virtual reality headsets and games to play on them. We just made things people wanted.
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May 8
Lesson for those who are listening
When Ken Griffin and Citadel left Chicago:
Total 3-Year Impact: $846M in lost taxes $2.65B in lost spending = $3.5B economic hit to Illinois/Chicago (not including philanthropy losses).
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Pat retweeted
May 7
What a naive and wrong point of view. So much of leftist politics and thinking these days is about justifying envy.
I’ve co-founded six different multi-billion dollar companies, with more on the way.
AOC perhaps isn’t bright enough to make a lot of money without massive grift - sure.
But 10000’s who worked with me are rich; some are also billionaires! Our innovation sector is the best in the world, solving problems and growing the pie with US talent for a brighter future for all.
I’m aligned against cronyism. But demonizing success is totally unAmerican.
May 7
Alexandria Ocasio-Cortez: You can't earn a billion dollars.
Ilana Glazer: That's right.
AOC: You just can't earn that.
Glazer: That's exactly correct.
AOC: You can get market power. You can break rules. You can do all sorts of things. You can abuse labor laws.
Glazer: Yup.
AOC: You can pay people less than what they're worth.
Glazer: Yup.
AOC: But you can't earn that, right?
Glazer: That's right.
AOC: And so you have to create a myth that -- since you didn't earn that, you have to create a myth of earning it.
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Pat retweeted
May 7
While Mayor Mamdani got pummeled by Ken Griffin during our convo at Milken, Ken had some choice words for @JBPritzker as well:
Ken Griffin: “What did it feel like in Chicago with JB Pritzker as governor? It felt like being a salmon swimming upstream to die.”
x.com/JeffO773/status/205234…
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May 6
One of the world’s greatest investors, fund and people managers, and highly intelligent leader. The interview does not provide full justice to his accomplishments.
Tony James on Costco, Starbucks, Blackstone, and Charlie Munger
Tony James is an investor, Chairman of the Board at Costco, and former President and COO of Blackstone. In this conversation, he joins a16z GP David Haber for a conversation on scaling Blackstone from $14 billion to nearly $1 trillion, lessons from 38 years on the board of Costco, the future of private markets, and more.
00:00 Intro
00:45 Starting at DLJ: Getting in on the ground floor
03:05 The LBO revolution & building a merchant bank
09:09 Leading the Series A into Costco & lessons from Jim Sinegal
15:00 38 years on the Costco board & learning from Charlie Munger
25:17 Joining Blackstone: The partnership with Steve Schwarzman
33:44 Blackstone's journey from $14 billion to nearly $1 trillion
44:09 Investment committee culture & the art of robust debate
53:41 The IPO, retail distribution, and building competitive moats
01:05:39 Succession planning & knowing when to step away
01:10:00 The future of private markets
01:15:24 Advice for young people
@dhaber
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Pat retweeted
May 3
🚨SNAP fraud purge just went nuclear: EVERY recipient must now reapply after they found 186,000 dead people and hundreds of thousands of double-dippers still collecting.
Taxpayers finally getting some relief from the grift.
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