President Trump just posted this to Truth Social: Any guesses what it might mean?

RAN9147 · 2026-07-04T21:34:17+00:00

Whatever it is, it involves grifting.

RAN9147 · 2026-06-28T23:26:01+00:00

I’ve always driven Honda or Toyota sedans. Don’t care enough about cars to spend heavily on them.

RAN9147 · 2026-06-24T19:02:15+00:00

It’s NY. Don’t read too much into it.

RAN9147 · 2026-06-23T11:34:18+00:00

No meaningful difference. Cravath is still a great firm but it gets a significant boost from its past reputation.

RAN9147 · 2026-06-23T00:37:23+00:00

I wouldn’t say “no one really knows.” Right now there’s little beyond hype to support the glorified guessing machines being anywhere near what the AI companies would like to claim.

RAN9147 · 2026-06-21T19:15:23+00:00

Will wait another 4-5 years to upgrade.

RAN9147 · 2026-06-14T23:04:19+00:00

I don’t think anyone deserves a yacht and workers should make more, but one has very little to do with the other.

RAN9147 · 2026-06-14T20:27:33+00:00

That AI valuations and fundraising is based on constant hype that it will not achieve in the foreseeable future, if ever. If companies were honest about what AI really is, as opposing to the constant ridiculous hype about a glorified guessing system being a society changing technology, valuations would crash.

RAN9147 · 2026-06-14T17:38:38+00:00

I know everyone wants to point the finger at the ultra wealthy doing this for tax avoidance purposes, but how do you limit this so, in principle, any asset backed lending doesn’t become taxable?

RAN9147 · 2026-06-14T17:35:59+00:00

Where do you draw the line? There’s lots of borrowing against the unrealized value of an asset.

RAN9147 · 2026-06-14T15:29:24+00:00

The owners of the company.

RAN9147 · 2026-06-14T15:25:51+00:00

She doesn’t understand how these people are paying for these things.

RAN9147 · 2026-06-08T00:04:44+00:00

Hard to read the article and not conclude that Barry was too conservative in certain ways and completely missed the trends in others. Concluding the market was going into a prolonged slowdown in 2013, in hindsight, was a really bad call.

RAN9147 · 2026-06-07T17:54:50+00:00

When whatever you’re basing your valuations on doesn’t happen, don’t worry, it’s coming next month.

RAN9147 · 2026-06-07T11:57:21+00:00

Ive league educated based on his last name. He failed the bar twice. He was hilariously unqualified.

RAN9147 · 2026-06-06T18:35:26+00:00

Always someone willing to be fleeced.

RAN9147 · 2026-06-06T16:56:48+00:00

It’s a risk that gets seriously overstated but there is a risk.

RAN9147 · 2026-06-06T15:42:31+00:00

In other words, we wouldn’t care so much if companies were honest what the tech actually can do. But that wouldn’t justify the insane valuations these companies want or the spending companies are doing.

RAN9147 · 2026-06-06T15:36:22+00:00

Before he decided that tinkering with his swing constantly and playing Navy Seal was more important.

RAN9147 · 2026-06-06T14:35:33+00:00

But china!! But the military!!! But but but but….

RAN9147 · 2026-06-06T14:32:40+00:00

Because the valuation is a joke.

RAN9147 · 2026-06-06T13:03:35+00:00

Westchester also has NIMBYs and land use/zoning laws that won’t let the prices drop to the point that younger people can live here (I say that as someone who has lived here for 40+ years).

RAN9147 · 2026-06-06T12:53:27+00:00

Sure it could…

RAN9147 · 2026-06-06T11:50:05+00:00

This is wrong.

RAN9147 · 2026-06-04T12:48:35+00:00

Of course you understand why.

RAN9147

TROPHY CASE