Joined October 2008
Replying to @elonmusk
@elonmusk Ambient air is often overlooked.. Very impressive use of air with the Roadster!! Cumulus pulls nitrogen from the air for amazing nitro coffee, no tanks needed! Trade you a Cumulus for a Roadster? 😂 Ours ships today or pick one up at @Target 🎯
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Hi X. I was reflecting on my giveaway post from today. I don't feel good about it. I made it conditional on getting certain results etc., and it doesn't feel authentic. I have been slowly getting to know you all here and I truly enjoy all the new friends I have been making. So I will start over again. I'm grateful that Cumulus is at this milestone and that Target is bringing us into the stores. So to celebrate I will just be giving away machines to my supporters. For the next 10 days I will select a bunch of you. Just comment and or repost if you love cold brew/nitro cold brew or iced lattes…. Let's see what happens. With gratitude, Mesh
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Hedge fund CEO Ken Griffin is giving $3 billion to @CarnegieMellon, which calls it the largest single gift to a U.S. university. Most of it, $2 billion, will build a Miami campus organized around "grand challenge areas" instead of majors. Read the full story: phlnthrp.com/4ynxlJ4
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This profile by @colossusjeremy is one of those that makes you take a hard look in the mirror as a writer. Excellent, voicey craft that is worthy of study. colossus.com/article/mark-zu…
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Most of us have a skewed sense of normal that's set by our neighborhood and work colleagues. Here are the numbers that lay out what it actually means to be rich or poor in the U.S. You're either doing better than you think -- celebrate the win! -- or take heart because you've still got that most important asset of all, time.
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Andy Ho retweeted
In 2001, Nvidia CTO Curtis Priem owned 8.3% of the company, more than Jensen Huang. When he retired, he gifted most of his shares to his alma mater, Rensselaer Polytechnic, who sold it. Today, those shares would be worth $450 bn, or as much as the top 25 endowments combined.
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What nobody tells you about finally hitting the number: There's a new number. There's always a new number. The goalpost doesn't stop moving on its own. That's not a market problem or a savings-rate problem. It's a definition problem. The question that everyone should answer: "What does enough actually look like for you?"
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Andy Ho retweeted
Very good post on what happens when you become extremely wealthy
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Andy Ho retweeted
Check out the butterfly effect: @KPMG_US chief economist @dianeswonk gauges how much the oil spike could affect the US economy, depending on how long it lasts. kpmg.com/us/en/articles/2026…
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“This idea that we should work our whole lives and then finally retire in our 60s is outdated. People should plan to take breaks every five to 10 years. And if more people did that, they’d have longer careers.” I loved this convo w/@AuthorDavidBach 👇 morningstar.com/personal-fin…
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Andy Ho retweeted
JUNE 2028. The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation. What happened?​​​​​​​​​​​​​​​​ citriniresearch.com/p/2028gi…
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The truth about millionaires in America: -Half have less than $2M in net worth (and less than $340k in liquid assets). -Most are NOT business owners. -Almost all are house/401k rich but cash poor. Is this what you expected?
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Andy Ho retweeted
My mother makes friends wherever she goes. And they stay friends. One example: We took a vacation to Kauai decades ago. We are rushing back to the airport and stop at a McDonalds to grab some food before the long flight. My mom sees an older man sitting by himself drinking a coffee. She introduces herself, makes small talk, they laugh, and I am getting nervous because we do not have much time to get to the airport. I interrupt them and she says "Wayne before I go back to Virginia, can I get your address and we can stay in touch?" And this is how my mother became friends with Police Captain Wayne Tanaka (retired) for years and years until he passed away. They would write letters, send emails, and chat on the phone. He would tell her stories about crazy shootouts and the infamous Taylor Camp hippies on Kauai in the 70s. She would tell him stories of Virginia and her poorly behaved children. And the thing is, she makes friends like this all the time. In an elevator. At the market. Anywhere. My "Uncle Dave" Farrelly was a cowboy out in California. He was originally from Woodstock VT, the town where I was born. He knew everything you ever wanted to know about a firearm, from historical to modern day. He advised my on my first handgun. He wasn't kin to me, he was just a penpal that my mother wrote to. Eventually I started exchanging letters with him as well. When I got married he gave my wife Laila one of the most thoughtful gifts we ever received. It was a toolbox with a bunch of tools, all engraved with the name "Laila". He wrote her a letter to my new bride and said "now that you are getting married, you will see that your husband will never put his tools away properly, and when you need one you won't be able to find it. So I made a toolbox just for you and engraved them with your name so Adam can't steal them." The little tape measurer from that toolbox now sits in my desk drawer. I did steal it. In fact I stole them all. But that is not the point. The point is, I had a friend and mentor that came into my life through a chance interaction with my mom, who is an expert at collecting friends. And its not just making friends. She excels at keeping in touch with them. I know people are suffering from loneliness today. The screens are keeping us from each other. But if you take my mom's example, you will never suffer from loneliness. Take the opportunity to smile and make a joke in the elevator. Introduce yourself to the guy who does your car inspection at the gas station. Get to know them. Stay in touch. There are so many amazing people out there.
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Net worth* chart by age, by percentile, updated as of 2025. *Includes your primary residence home equity. Do you feel you are behind, in-line, or ahead the tier you want to be at?
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The question every endowment and foundation should honestly ask themselves: "Can we beat a low-cost ETF?" The answer for nearly all of them is "No". "We study nearly 375,000 nonprofit organizations, including about 40,000 that maintain endowment assets...Many funds underperform simple passive benchmarks, and governance practices are closely linked to these outcomes...The average net return across all endowments is 4.3% per year." via @AndrewWLo corpgov.law.harvard.edu/2025…
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18% of American households are now millionaires (if you include home equity) For many that wealth is mostly tied up in their home and retirement accts Some thoughts on the pros and cons of being house/retirement acct rich: awealthofcommonsense.com/202…
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Nah. Once your LIQUID net worth becomes high enough, the true value to your life of your next dollar, by itself , gets smaller and smaller as your liquid net worth goes up. The value of those dollars become much greater,to you, and so many others, when you use your business, or other expertise to help others. That is the greater reward. Whatever got you to that level of liquidity most likely gives you a unique expertise, that can be put to work to help people who really need it now, or will need it in the future And you might even make money from it. That's ok. Compassion and capitalism, not greed , are what can make this country far greater
Greed is good; otherwise, where is productivity? Billionaires use their $ to help others much more efficiently than the gov does.
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Andy Ho retweeted
One of my favorite things about NYC is that it's a paradox. Most densely populated city in America, but also gives you the most privacy. Wealthiest city in America, but it's hard to tell who actually has money See a townhouse in a popular neighborhood. No idea if someone owns the entire building, or if they're renting a studio unit in one of them. Could be worth millions or price stabilized at $2k/month. Cool either way. They all look similar on the outside and in passing, so nobody cares to bother you. Everyone focuses on their own lives Look around. You don't know if the guy on the Citi bike is an 8 figure founder or an entry level analyst. There's an older guy in a suit sitting next to a younger guy in a shirt and sweatpants. Who's the rich one? Maybe both or neither? Can't tell, who cares, and again, doesn't matter. Everyone is walking somewhere. Everyone has places to go. No status is the default status The city is just always in motion so it makes everyone feel small in the best way. In other cities, maybe someone flexes by having a 911 instead of a Camry. House in the hills surrounded by cameras instead of an ungated suburb. But in NYC, you're just a part of society like everyone else. Try to draw attention, nobody really has the time or interest to give it to you. Everyone has their own idea of status, so you stop trying to keep up with the Joneses because they don't exist People are there to get after their own goals and grow forever. Be filthy rich, kind of rich, or not so rich. Be whatever and whoever you want to be. Receive the same access to the city's energy regardless of who you are. Feel like you're always a part of the flow of society at any step of your personal journey. Get to be yourself
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