Steve Hou

Elon’s “impossible trinity”: TL, Notification, and DM cannot work at the same time.

How are people feeling about Bessent and his “3-3-3” plan now?

What’s happening to X and cable TV? Everything is down.

It increasingly feels a facts are a thing of the past

lol the other Steve?

Where are you now?

My cheek muscle hurts. I’ve been wondering why. Just remembered that I chewed gum for the first time in years today after lunch. It was given out in lieu of candy at the Chinese restaurant.

Thanksgiving food isn’t boring. What’s boring it’s the conversation. The food is just straight up bad. Get some authentic Szechuan food.

Amazing to me how seriously folks are taking this “3-3-3” thing and the Bessent appointment even going so far as trying to identify its market impact…

Thanks!

Me too lol

Where’s the fintwit list?

Interesting number of people who don’t follow me on X but follow me on here.

Yeah seriously…

Wow

Whoa sorry which cables are these?

I’ve never come up with a new idea in my life :)

The US has a “return value to shareholders” culture that doesn’t seem to exist anywhere else. In many markets, the culture seems to be distinctly anti-shareholder such as China.

US corps, esp the large cap corps, are uniquely capable of generating mind boggling quantity of profits. It’s a combination of legal institutional changes (market power consolidation and innovative network externality) but also has a unique shareholder friendly culture.

They were trying to emerge in China, but the political template ultimately proved too difficult. Whatever progress made up to early 2010s is being lost

I’d add 2 factors: capitalist institutions (democracy, rule of law, fearless entrepreneurial culture) and market size (positive externality). There’s a reason mega cap innovative firms can only seem to emerge in the US. This creates an endless demand for dollar assets (intangible and human capital)

What are people most unhappy about with X? Why the meaningful exodus to here this time?

Yup

Idk what she means. What signs is she seeing?

What are the “increasing signs that r* is materially higher than before the pandemic”? Not really sure what that sentence means tbph

Tonight at the UFC, the four weird ex-Democrats who now control the Republican Party.

Ok, maybe it’s time for me to start posting more here! Hello everyone!

🤣🤣🤣

Well at least Sunak did manage to halve the inflation in a year! Promise made promise kept!

Have you tried pressing the power button? Turn off and turn it back on?