Dom Rizzo (PM on TRowe Global Tech Fund) on @WilfredFrost's podcast "If you grew up covering semis, you grew up in Sparta. If you grew up covering software, you grew up in Athens." The point: software's seat model meant revenue renewed itself - sell once, collect forever. Semis fight for EVERY design win, EVERY cycle. AI ends the easy life. Usage-based pricing means revenue only flows if agents actually hit your product. You're either in the token path ($SNOW feeding Codex) or you're the data pipe agents read for free ($CRM risk). Seats were a moat you built once. Tokens are a position you defend daily. Everyone lives in Sparta now.

Fck, SpaceX to 10 Trillions now 🚀💎$SPCX

UPDATE: Iran now has 2–3 days to make a deal or they’ll have 2 weeks to make a deal.

How the hell is it possible that there are LPs left in there

I really have to get better at buying whatever the President of the United States says to buy.

Hunter Biden is showing up on so many podcasts... What is going on here? What influence campaign are we about to witness? Weird

Elon seeing starship deploy its payload successfully right before the IPO:

If after sorting 250k packages they sprayed carbonated drink on my mechanical parts while more packages approached me…I would walk the same way

I knew this was going to happen. That's why I sold at $120

Wtf my brokerage account now requires two factor authentication when I try to buy software stocks

I would have had more sympathy for the EU if it were saying this four years ago — or even one year ago. But at this point, the EU has largely only itself to blame. Since China’s WTO accession, China’s share in EU imports has risen from under 10% in 2001 to more than 22% by 2025, while the EU’s share in China’s imports has fallen from roughly 12% to 8%. Yet the EU has done remarkably little in response. And the EU did not need new policy instruments to act. Four years ago, the Ukraine war gave the EU the perfect opportunity to sanction the biggest supporter of Russia, but it chose not to. One year ago, the Liberation Day tariffs and the ensuing bilateral negotiations gave the EU the perfect opportunity to join the Reciprocal Trade Agreements, which included provisions to align with the US on economic security issues and take action against China without bearing the political blame. Again, the EU chose not to. Instead, the eurocrats in Brussels keep rolling out one new instrument after another without any real intention of using them. The result is that the EU has become a laughing stock in China — like the kid who keeps showing off shiny new stationery to the class without ever sitting down to do the homework. China may not actually think in centuries, but when the EU moves at such a glacial pace, relatively speaking, China ends up looking like it does.

the worst part about wasting your life is how comfortable it becomes

Still can't believe someone on a student Visa was elected to the Scottish Parliament. What country allows non-citizens in it own legislature to make and pass laws? Scotland deserves better than that.

CLAUDE OPUS 4.7 USING 500K TOKENS TO RENAME A VARIABLE

CIA agents watching you upload your fingerprints to ChatGPT

“AI will replace you” Me who already replaced myself with Claude:

今回のXの2週間分の収益は約22万円。 手コキ店に27回行けます。 イーロンマスク氏は神様です。

Yeah, that spec ops soldier shouldn’t have insider bet. But man is tough to see a veteran get the book thrown at him while DC politicians, appointees, and staffers do this stuff with impunity. Just doesn’t seem fair.