Much gratitude to the accounts who post original thoughts where I'm basically a "reply guy." Something about more kids and business stuff than I can keep straight has me in the reactive role. Nevertheless I'm getting value here. 🙏

Happy birthday, Marines. Get some. x.com/USMC/status/1984638809…

250 Years of Winning Our Nation's Battles For one quarter of a millennium, we have defended our country. From the birth of our nation during the American Revolution, to the end of the Global War on Terror, our role as a naval-based amphibious force has played a defining role in turning the tides of each conflict into our Nation’s favor. We have fought in every clime and place, and we maintain readiness to continue to be America's 9-1-1 anytime and anywhere we are called upon. Here's to the next 250. Semper Fidelis & Happy Birthday, Marines!

Spoke to an old man recently. He’s been feeling his age. Greying hair. Less energy. Knocking on the footsteps of retirement. He said: “David, I have one regret. I wish I’d had kids sooner, so I could’ve spent more time with them.” In a culture where people are having kids later and later, this feels like a story worth repeating.

“you’re just throwing your money away writing angel checks” not true! I’m subscribing to expensive, exclusive newsletters

Upside of living in northern Virginia: bumping into brilliant people. IYKYK.

Housing/mortgage affordability proposal: Eliminate requirement for title insurance on any mortgages eligible to be sold to Fannie/Freddie and FHA and VA loans for ten years. Monitor losses to guarantors (fed govt) and if negligible after ten years make it permanent.

Going hard, love it

Great mission, great crew. 👊

1. Limit "jawboning" with an EO and personnel changes. The most widespread abuses aren't from regs, published guidance, or enforcement actions. They're informal: regulators expressing "concerns," raising eyebrows, etc. This "jawboning" comes cloaked in many guises, like "reputational risk" and "red flags." For closely regulated businesses like banks, a wink is as a good as a rule, because regulators wield so much power and have extremely broad discretion. Drawing a perfect line to separate valid concerns about compliance from abusive requests is hard or even impossible. But two narrower fixes are easy. First, issue an executive order[*] requiring financial regulators to ban their personnel from requesting or encouraging the denial of services based solely on an account-holder's First Amendment-protected speech or associations, use of crypto, or status as a business in any lawful industry, including crypto, firearms, etc. Second, appoint financial regulators willing to investigate ongoing and past abuses, clean house, and put new personnel on the job who won't abuse their stations. These may be temporary fixes, but they'll work and, over the longer term, begin to change the culture. [*] For the legal nerds, yes, there's a potential issue with financial regulators being "independent" agencies. But (1) unclear how much that matters following Seila Law and Collins and (2) the President can and should choose appointees willing--really, eager--to coordinate and do the right thing here. (2/4)

.@bhorowitz to @pmarca: "It was inarguably the worst four years in our career in terms of White House policy as it related to technology and and business more broadly." "They did things that no White House has done and went far outside the law."

Shape Rotation

“Those who abjure violence can do so only because others are committing violence on their behalf.” --George Orwell

Bless youth sports referees

This is an important point. People who are pro-unrealized-gains *literally don't understand* how stock prices work That selling 10% of the overall float would crash a company's market cap, causing global wealth to crash, and rendering a great many people in the economy insolvent

Hilarious

Very well reasoned thread. Thanks for the calm tone and analysis.

Turpentine has been a good experience, especially (in my case) to stay up on the trends in bigger startup markets.

Optimism is a moral duty