RAND found that LA's 'mansion tax' has reduced large apartment construction by ~30% since 2023 and has cost local, county, and state agencies $452M in revenue. Tenants in buildings that paid measure ULA taxes saw rent increases.

The @FIFAWorldCup stream on @foxone absolutely terrible stream. Audio is fine but video is like this. Have to pause and restart everyone 10 seconds. I’m on an Amazon fire stick which seems to work for all other services.

The most important chart in the world now includes data for 2025. Trend lines are unchanged (bad).

Overheard in LA. At @baciodilatte tonight. They were selling Baci the chocolate covered hazelnuts from 🇮🇹. 2 young girls maybe 8 or 9 say “Baci are amazing.” Check out worker says he doesn’t know the candies. Girls say “A real Italian would know Baci. . .”

Overhead a barista saying: “if I had 6 arms I wouldn’t need any of you (coworkers), but my arms would have to be extendable. . .” I expect that will here before we know it.

Banger here: “We want maniacs for whom narrative is the honest, unavoidable exhaust of a good quest.”

If you want to get exposed to all kinds of people, go to your local bank and see who is depositing and withdrawing in person. Truly fascinating. Artists, elderly, local professionals, all marching to their own beat. Still so much work to get everyone up to date.

This 💯

I just got a note from the head of my son’s soccer club. The LAUSD teachers are striking and that has impacted my sons practice (which is at night 7:30-9) at a school field which we rent. This is madness! Quit impacting the children. Someone can still open the gates. . .

Great reminders from @DanielPink particularly love: “When answers get cheap, questions become priceless.”

Stop what you’re doing and watch @LSUwbkb right now. Absolutely incredible. The most energy you’ll find on the court.

I've learned that there are only three types of networking. Pick wisely: 1. Go to networking events and "work the room." Shake hands, rub shoulders, put on a smile, and charm people into doing business with you Most people I know who work in sales (selling software, real estate, wealth management) do this Not everyone is capable of doing this, but for those who are, they are extremely charismatic, social, outgoing, and great at what they do 2. To work on something extraordinarily interesting and get others to come to you You could be building a startup, writing a book, or sharing unique content You're creating magnets that attract people to you and maximizing your surface area for meeting like-minded people Most founders, CEOs, and writers I know do this. They're focused on building their craft, and most don't have time to go to networking events 3. Be a genuinely helpful person: to give first Strive to build a reputation for being extremely helpful, extremely generous, and, over time, extremely well-connected By doing that, you will attract a rare kind of luck that pulls people toward you for opportunities, even if you're quietly working behind the scenes Most successful investors and community builders I know do this. For the longest time, I believed that if you couldn't "work a room", you would never be successful But it's never worked for me. It feels strange and unnatural, and it's not my game Over time, I started doing the second and third methods, and it's worked wonders for building both my network and my businesses That's when I learned that you have to find the method that works with your personality and worldview. There is no right or wrong way, but you should play your own game.

Not sure what this signals for the economy, but I just saw an @Amazon delivery driver in a @Tesla Model S Plaid. . .