This is not Apple, Nvidia or even Tesla. It’s Congress members over the age of 70

Gold(man) age of Private Credit, offloading backleverage risk edition.

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Rick Wilson It used to be Gospel for Republicans...

Christine Lagarde said her base case is to see out her term as ECB president, following a report this week that she’ll step down early bloomberg.com/news/articles/…

The consequences of this will unfold in the near terms and perhaps valuations will start to adjust so these companies can get into the hands of operators who know what to do; not financial engineer spreadsheet jockeys

Thanks @u2 Paul Hewson #AmericanObituary “I love you more than hate loves war”

We are all hearing about #technology and #ai but how should you adopt ? Please join the CEO of FitnessKPI and I tomorrow February 24th at Noon Eastern as we explore this topic. Register for free 👉 lnkd.in/gg7GxTwk Ill see you there - February 24, 2026 Noon EST.

Lot of BDC takes flying around. Most focused on NAV marks and software exposure. That's the wrong place to look. BDCs borrow money to lend money. The liability stack tells you what breaks first. Downgrades already starting. Spreads already widening. Wrote a primer on BDC

Happy Birthday Reggie Bush !!! 41 years young today… Reggie was one of the signature players in college football history at USC Football ✌️ And was a major cog in the early winning days of Sean Payton New Orleans Saints !!

The mass exodus of retail capital from private credit has begun. BCRED repurchase requests are up to 7.9% over the past month (the fund is fulfilling all of them) The fund paid out $3.7B (against $2B in new share sales)

Apollo, Blackstone and KKR down 40%, 42% and 46% from their all-time highs just over a year ago 😬😬

Most owners of companies believe they know the processes that are happening each and every day but in my experience the vast majority think they know but do not really know. Top Rated Series FIT-C

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Here is your reminder that alligator is acceptable to eat on Fridays during Lent

Must read article on the Private Credit situation and Blackrock:

Enjoyed a quick 2 day NOLA tour at some great local spots

I sat with my 95-year-old grandma before she died last year, and she said a line to me I keep thinking on, "It goes incredibly fast. Faster than you think. And no matter what I say, you probably won't understand, honey. Until you're in my chair.”

Just a friendly reminder that the investment with the greatest return is spending time with your loved ones. Have an awesome weekend.

The market for telling people what they want to hear is much larger than the market for telling people what they need to hear. This fact explains a lot about the world.