Neoclouds are a Ponzi scheme. This was obvious to anyone who looked at the financial statements and understood the business model. Great run, guys! $CRWV $NBIS

Fannie Mae preferreds are the most mispriced securities in the market. 2027. Few. $FNMAT $FMCCO

One of my emerging fears relative to AI is that if we are in fact living in a simulation, the super intelligent AI will simply turn it off. @AnthropicAI @elonmusk

I’ve been out of $FNMA common since the $12 range. But not gonna lie it is looking spicy again here!! 🌶️🌶️

I doubled my $SUI position. There’s no stopping this train.

I am bullish as hell on $SUI. Alt season is coming and the quality layer 1s are set to moon!!

Made day 2 of the GOPC Main Event before I realized it only pays one spot! Is this for real, 10k+ players paying one spot?! @CoinPoker_OFF @jeremyausmus @ryandepauloo

This is Trump about to nuke the Senior preferreds. $FNMA $FMCC

If Anthropic gets a $2 trillion valuation, the FTX/Bankman Fried stake would be worth about $140B if it hadn’t been forced sold in the bankruptcy. Just bananas! @FTX_Official @TiffanyFong

Fannie Mae spring 2027 IPO. Book it! $FNMA $FNMAT

Called it!!

Is your boy, FBT Mueller gonna final table this thing?!! @ASchwartzPoker @tchanpoker

Can you please stake me for the Main Event? Will trade my favorite long idea (long only investor) for an entry, or happy to play for charity if you prefer. @davidein @chamath @DavidSacks @phil_hellmuth

I busted the WSOP $3k freezeout and the Venetian $800. Still suck at poker confirmed.

Busted two bullets in the @WSOP Monster stack (1c and 1d). Poker is hard.

As the great poker podcasters used to say, “It’s Christmas Eve”! Have a great WSOP everyone!! @ASchwartzPoker @tchanpoker @WSOP

Periodic reminder that Treasury’s warrants expire worthless in Sept. 2028. Whatever you think is going to happen with Fan & Fred, it’ll happen in the next two years (maximum). $FNMA $FMCC

This Caesars deal makes no sense. Fertitta must have lost his mind. The equity stub is worthless under any reasonable assumptions. They used to have digital option value but that is basically dead now as well. $CZR

Can someone figure out what is going on with these airplanes towing AI banners over Silicon Valley? Definitely getting bubble vibes…

Heard some GSE release denierism from DoubleLine on Bloomberg today. They have consistently faded release and they don’t seem to have a particularly nuanced view. Going to be some surprised credit investors in a few months. $FNMA $FMCC @kgreifeld @RomaineBostick @TruthGundlach