Back when the bucks were struggling to find anything to celebrate. We’ve all been there. They drafted Giannis that year too. Hopefully we find our Giannis soon.
https://www.carlyle.com/carlyle-compass/ai-compute-market-price-analysis
Big Tech going from asset light, high margin industry to looking more like high capex heavy industrials.
Will be interesting to see if the value is there.
https://www.a16z.news/p/gas-fired-intelligence
Silicon Valley VC talking about natural gas (not normal). Demand about to go through the roof due to AI. The new fear is LNG may be overcapitalized as exports drop due to new domestic demand.
It was ten percent luck, twenty percent skill
Fifteen percent concentrated power of will
Five percent pleasure, fifty percent pain
And a hundred percent reason to remember the name (Presti!)
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