Uber: from venture backed startup to IPO to issuing 30 year bonds at 5.35% to buy back tons of stock. Truly the American dream.

so excited to finally be out of stealth mode on this🥳

Joe Weisenthal Tough day for advocates of central planning

Bull market in "what is the Fed going to do about inflation with all this freed up disposable income" takes incoming.

Joe Weisenthal They're a great make-work program for architects (not construction workers)

Joe Weisenthal Joe Peta “The biggest question is do you have the mentality and the stomach to make decisions and commit capital based on incomplete information” 💯 ….aka judgment-based investing. Reminds me of my favorite paper on investing (by Richard Zeckhauser) scholar.harvard.edu/files/rzeckhau…

Joe Weisenthal As one of the eight people who read Piketty's "Capital" almost every review was awful and revealed the author didn't read the book.

Joe Weisenthal Funny you should say that; I'm writing a Substack post this afternoon on a book review from Jon Askonas ⏩🚀🏛️ that I found outstanding: americanaffairsjournal.org/2023/11/techno…

Chase Emmerson Joe Weisenthal Joe Peta This paragraph jumps off the page 18 years later.

There was a brief period when I tried writing a short review of every book I read. Needless to say, that only lasted for about 2-3 books

Joe Weisenthal I basically stay away from it. It's too hard.

Huh. I hadn't realized, prior to reading this, that the majority of the passengers on the Hindenburg survived

Very surprised by how many serious people buy into the “what do they know?” line of thinking

It’s interesting how many people perceive dating apps — which should in theory make it easier to find relationships — as having made dating worse. Wonder if there are lessons there for trends in other parts of the economy or if this phenomenon only exists for dating apps.

This looks promising

Joe Weisenthal Spanish are getting creative about it washingtonpost.com/world/2024/09/…

Great Odd Lots episode on private credit & its impact ... One thing interesting was the importance of bankruptcy courts to the process of creative destruction and reallocation of productive resources Joe Weisenthal Tracy Alloway bloomberg.com/news/articles/…

the year is 2045. mr. beast trades 0DTE options on a 24/7 twitch stream as CIO of the $700 quadrillion U.S. sovereign wealth fund. president timothee chalamet is working overtime to pass his flagship infrastructure proposal. the only two jobs in the economy are plumber & Thiel

Goolsbee saying multiple rate cuts over the next 12 months due to growing labor market risks:

Love the view of NYC from Victoria Peak