Why social media algorithms are less semantically sophisticated than users assume: they rely on illegible embedding vectors, not detailed models of user interests.

Booking Holdings repurchased approximately 40% of its outstanding shares over roughly 12 years.

Retail investors bought nearly 3.5 times the average daily amount on S&P 500 down days in H1 2026, the strongest buy-the-dip behavior on record per Citadel Securities data.

After hitting the lower bound on reserves in late fall 2025, the Fed had to reverse course and grow reserve balances again at roughly $40 billion per month.

Instagram has created a new role called 'product staff' that is an evolution of the PM, capable of doing tasks traditionally done by designers, data scientists, and researchers using internal AI tools.

Hanover Park operates with no product managers and no designers, only engineers shipping code directly alongside fund accountants.

Monday.com, a rule-of-40 company, is trading at only two times revenue.

Energy's share of the S&P 500 is ~3% today, but the commodity super-cycle thesis requires it to rise to 10-15%, implying a massive reallocation out of AI/tech.

Instagram's new 'product staff' role (an evolution of the traditional PM) can perform design, data science, and research tasks using internal AI tools, signaling a structural collapse of specialist roles inside large tech teams.

“You cannot sell Bitcoin. If you are selling Bitcoin, the whole system breaks.”

“The most high value product of the Ethereum blockchain financially speaking is ETH the asset.”

“It's not the P that's the bubble, it's the E.”

“It's not the stress that burns us down, it's the response to stress.”

“We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development.”

“You're spending a trillion dollars a year and the revenue on AI talk about maybe 70 80 billion.”