Here is the summary of the yesterday's results (this is my heavily modified summary of what Perplexity spit out for me): 💰 Financial Performance Revenue Growth: Group revenue increased to $6.2 billion (from $5.5 billion in FY24), driven by robust e-commerce operations.

low IQ thesis for the win...I am surprised this has lagged so much while growth/speculative stocks have been so strong. $DUOL is still in silly at this price, but less silly than a month ago.

CNBC's Fast Money @EismanPlaybook @EismanPlaybook obviously highly intelligent and a student of the markets; however, his dismissal of US mounting deficits and debt reminds me a bit of Nassim Nicholas Taleb ‘s Turkey Problem. It doesn’t matter, until it does, but it eventually MUST matter. If not, why not go into more debt

Closing this short with a ~30% gain. Super tiny position, so more of a psychological win than a meaningful PnL win (added 17bps to PnL, what’s the point). Didn’t have guts to make this bigger, and I think I mostly got lucky with timing (better lucky than smart). Don’t think it’s

Tucker Carlson I am Nate Anderson, the founder of Hindenburg Research referenced repeatedly in this bizarre and fantastical interview. During my career, I helped expose numerous financial scams, including over a dozen Ponzi schemes and numerous instances of public companies lying to and

Shameful Tucker Carlson

Watching this closely. So many insanely priced stocks that have a lot of air below them once the speculative mania fades.

geez, maybe I was nuts to ever short this. 2Q was absolute monster, beat and raise across the board. 41% incremental margins in 2Q25 (+420 bps Y/Y) and guide implies 37% incremental margins for the full year, which it looks like they will beat. DAUs +40% Y/Y (on a +59% comp)

$SG Early is same thing as wrong, barely made money on this short despite it being down >75% from last year’s (absurd) high (I covered several times on the way up and didn’t add enough back on the way down). Covered the short this morning for a small gain with lots of brain

Equity markets wildly expensive Retail's favorite stocks have gone crazy Chamath is SPACing again Trump is tariffing everything Inflation is picking up Trump deploying the military to American cities And you're long shitcoins and borrowing on margin to sell options for income

Some pain over last two days ( $PLTR poster child over last week) but not nearly enough to clear out the speculative nonsense that remains pervasive. I am just as terrible as the next schmuck trying to guess where markets go near term, but I do think