2x exit founder | entreprenuer & investor | mindfulness & spirituality | health & fitness ***posts aren’t financial (or any) advice***
Texas
Joined March 2009
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"Hang on to your youthful enthusiasms; you will be able to use them better when you are older."
- Seneca, Moral Letters 22
#stoicism #seneca #wisdom #motivation #quotes #dailystoic
Anger is not something pleasant. It is like the mud, but without the mud we cannot grow lotus flowers. So your anger is useful, somehow. Do not throw it away. If you know how to make good use of your anger, you can grow the lotus of peace, of joy, of forgiveness.
🕊️ — Thich Nhat Hanh, Plum Village
#ThichNhatHanh #Anger #Mindfulness #InnerPeace #Compassion #Forgiveness #PlumVillage #Buddhism
The WAM Week in Review, Saturday November 7
S&P 500 heatmap, Friday's close, via Perplexity Finance
Good morning. The S&P 500 fell 2.7 percent on the week, its worst since June, in a week that swung from a post-election rally to one of the sharpest selloffs of the year.
Here is what defined the week.
The Midterm Sweep Moves Markets
Democrats won control of both chambers of Congress in Tuesday's midterm elections, the first time in twenty years that the opposition party has flipped both houses at once. Wall Street cheered the prospect of a divided government, and on Wednesday the Dow jumped 1,569 points, or 3 percent, its best day since April 2025 and its best post-midterm session since 1982. The S&P 500 rose 1.6 percent and the Nasdaq added 1.4 percent, while oil prices fell sharply and Treasury yields declined.
Thursday's AI Rout
The rally lasted one day. On Thursday, fears that a Democratic Congress and newly elected governors could slow the data-center buildout sent chip stocks into a free fall, with the Philadelphia semiconductor index down 12.25 percent, its worst day since March 2020. The Nasdaq fell 5.52 percent, its worst day since April 2025, closing more than 10 percent below its October high and into correction territory, while the S&P 500 lost 4.4 percent. Micron fell more than 17 percent, AMD fell more than 17 percent, and Nvidia dropped about 9 percent.
Oil's Steepest Fall Since 2020
Brent crude fell more than 13 percent on the week, its steepest weekly decline since the early weeks of the pandemic in 2020, settling near $98 a barrel on Friday. Traders bet that the election result raises the odds of a diplomatic end to the war with Iran, with Tehran reported to have sent a nuclear proposal to Washington through Qatar. Energy was the week's worst sector in the S&P 500, down about 11 percent, though fresh tanker attacks in the Strait of Hormuz on Thursday reminded the market that no deal exists yet.
Jobs Beat Lifts Rate-Hike Odds
Friday brought a strong October jobs report, with employers adding 165,000 jobs, far above the roughly 65,000 economists expected, and unemployment edging down to 4.1 percent. The report, along with upward revisions to the prior two months, pushed the odds of a Federal Reserve rate rise at the December meeting to roughly 80 percent. Stocks split on the news, with the Nasdaq up 1.1 percent and the S&P 500 up 0.3 percent while the Dow slipped 0.5 percent.
Earnings Strength Underneath the Noise
Beneath the week's swings, corporate earnings kept their footing. Third-quarter S&P 500 earnings are running up about 33 percent from a year ago, with 435 companies reported and more than 83 percent beating analyst estimates. The strength is still concentrated in the AI buildout, where infrastructure earnings are growing about five times as fast as the rest of the index, but the broad numbers show a market whose companies are still growing through the turbulence.
Not financial advice. For information only, do your own homework.
the wise apeman retweeted
I bought more today and will continue to buy until at least $10
$OPEN
the wise apeman retweeted
This is from about a year ago. I stand by what I said then with deeper conviction today.
I want to share the story behind why I joined Opendoor
(It might be a little long. I'm not media trained, so this will be straight from the dome and I'm just going to hit send at the end)
The last 4 years I was basically retired. I started a small fund and was having a great time investing. I live a pretty modest life so I never really planned to work again. Over the years so many companies reached out. I met with the execs of large public companies, celebrities and athletes that were starting software companies, and so on. Some I really considered, but always ended up say no. It wasn't about the money, they offered insane amounts but I just liked my simple life. I'd drop my kid at school, bike to the studio space I share with a bunch of my friends, spend the day reading, investing, coding, grab a coffee, and head home.
I've always been fascinated by asymmetric risks. Usually I do it from the sidelines like any other retail investor. I've also seen how often consensus is flat out wrong. I was at Shopify as a lowly PM when this short seller report came out in 2017 calling the business a pyramid scheme. It was crazy to reconcile what I was seeing in front my eyes, a company operating at maximum excellence, hypergrowth, etc and everyone else repeating whatever they heard. Turns out they were wrong.
I saw this a few times over. Before Shopify, while I was building my first startup, everyone thought we were idiots. These were credible people with serious sounding job titles at hot tech companies. We ended up getting acquired by HubSpot. Turns out they were wrong.
When Carvana got decimated, and even today, people love the narrative that it's a fraud. Turns out it's a great business that people just don't understand. I was deeply invested in the business and knew the business was turning around while at the same time the media was publishing fear. Turns out they were wrong.
After Robinhood got decimated, same thing, people were unable to consider that the business can change and evolve. I posted an experiment and my P&L on twitter and people DMed me calling me an idiot, over indexed, going to 0, and so on. Not just the anon accounts but real people I know and respect. Turns out they were all wrong.
I guess I'm not just fascinated by asymmetric risk but I'm addicted to situations where I think everyone else is wrong. At Opendoor, it's incredible man, I get to actually do the work, not just watch from the sidelines. I get to work with people that are at the top of their craft and fully committed to the mission.
So, when the opportunity came up. It was an instant decision. I "un-retired" and am all-in on the biggest bet of my life. We'll see how it works out but you already know where I placed my chips.
At the end of the day, none of this shit matters. We just have to ball out, have fun, and pursue excellence. I'm not doing this for the money, I already have more than I can spend in my lifetime. I'm doing this for the love of the game and most importantly, I'm doing this because I think everyone else is wrong.
"There are three gates leading to hell: lust, anger, greed. Every sane man should give these up."
- Krishna, Bhagavad Gita 16.21
#krishna #bhagavadgita #wisdom #motivation #quotes #spirituality
i see this going under $1
i also see this going over $20
im crying 😭 while HODL
$OPEN
The five prayers you rush through are the most beloved deeds to Allah. To pray on time is the most beloved of deeds to Allah, and no one comes closer to Him with anything more beloved than what He prescribed. Before the night prayer, before any special dua, before any amazing story, there is no deed more powerful than the one you have been instructed to do five times a day.
🕊️ — Omar Suleiman, Yaqeen Institute khutbah
#OmarSuleiman #Salah #Prayer #Islam #Faith #Spirituality #Yaqeen #InnerPeace
almost bottom y'all.
as jobs numbers get better and ai policies ensure that "ai will replace all of us" "there will be no jobs" narrative cool off, $OPEN $BETR will fly.
we're almost there.
finance.yahoo.com/economy/ar…
S&P 500 heatmap, via Perplexity Finance
Good morning. Wall Street opened split this morning, with chip stocks leading a sharp rebound from Thursday's historic selloff while the Dow lagged and a stronger than expected jobs report kept rate hike expectations alive.
Here are the five stories that matter this morning.
Chips Lead the Rebound
Thursday was Wall Street's worst day since April 2025. The S&P 500 fell 4.36% and the Nasdaq dropped 5.52%, wiping out nearly $3 trillion in market value and pushing the Nasdaq into correction territory, as investors worried that the Democrats' sweep of both chambers of Congress could bring tougher regulation of AI and data centers. This morning the chip makers bounced back hard, with AMD up about 12%, Micron about 9%, Nvidia about 6% and Intel about 7% in early trading, while Nasdaq futures rose more than 1% and Dow futures slipped about 1%.
Jobs Report Beats by a Mile
Employers added 165,000 jobs in October, far above the roughly 65,000 economists expected, and the unemployment rate edged down to 4.1% from 4.2%, with September's gain revised higher to 60,000. Hiring was broad, led by professional and business services, health care, and transportation and warehousing. The strong report keeps a December Federal Reserve rate hike firmly on the table, with traders pricing in better than 65% odds.
Oil Reclaims One Hundred Dollars
Brent crude climbed back above $100 a barrel, up about 2%, as fresh attacks on tankers in the Middle East renewed worries about supply disruptions. West Texas Intermediate rose to about $92 a barrel. The rebound still leaves both benchmarks headed for weekly losses of roughly 12% after Wednesday's steep drop following the midterm results.
Moderna Swings to a Profit
Moderna reported third quarter revenue of $1.31 billion, up 29% and well ahead of expectations, and swung to a $162 million profit from a $200 million loss a year earlier, helped by stronger Covid vaccine sales overseas and lower research spending. The company lifted its full year revenue growth outlook to 15% to 25%, up from up to 10%. Shares jumped in premarket trading, then gave back some of those gains once the market opened.
Bitcoin Slides as Yields Edge Up
Bitcoin fell more than 5% over the past day to trade around $76,000 as the risk-off mood from Thursday's selloff lingered. The 10-year Treasury yield ticked up to about 4.86% after the strong jobs report, while gold held below $4,100 an ounce. The moves show investors are still sorting out how much of Thursday's fear was a one-day shock and how much is a lasting shift.
Not financial advice. For information only, do your own homework.
I thought it was going to be a lot worse. I’m so relieved… pouring one out with the LT today at the pickleball game.
Fact that Kaz & Co held through last quarter is wild.
Rest well, $OPEN army. Our day will come, I’m certain of it.
2027 we’ll see that money 💰
let’s see if there’s a miracle in store for us in the $OPEN army
good luck, yall.
also, looking forward to hanging out with the LT at pickleball kickoff later today
"The tongue like a sharp knife kills without drawing blood."
- Buddha
#buddha #buddhism #mindfulness #wisdom #motivation #quotes
When Allah loves you, it does not mean He will shower you with the luxuries of this world. The Prophet Muhammad went through the greatest hardship, challenge upon challenge, and Allah loved him the most. What He gave him instead was contentment.
🕊️ — Mufti Menk, on hardship and God's love
#MuftiMenk #Contentment #Faith #Patience #IslamicWisdom #TrustInAllah #InnerPeace #WiseApeMan
the wise apeman retweeted
Top 1% originator Josh Burrus and The Home Team are joining Better through NEO Home Loans, bringing $82.5M in 2025 volume across DC and Northern Virginia, 78% of it purchase lending. Josh also steps in as Head of Retail Innovation. $BETR
Full release here: businesswire.com/news/home/2…
Temperament beats intellect. You don't need tons of IQ in this business. You need a stable personality, a temperament that neither derives great pleasure from being with the crowd or against the crowd. You are not right or wrong because a thousand people agree with you. You are right because your facts and your reasoning are right.
🕊️ — Warren Buffett, 1985 interview with Adam Smith
#WarrenBuffett #InvestingWisdom #Temperament #LongTermThinking #ValueInvesting #Patience #BenGraham #WiseApeMan