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BREAKING: Pentagon prepares “doomsday plan” to keep U.S. military bases operational for at least 90 days without outside support in the event of a major global war. — Fox

Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers. SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue. That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.

Arthur Hayes says he has “dumped it all,” closing all his crypto positions Roughly $26 million in sells have been tracked via wallets, including 8,000 ETH worth around $19 million Hayes says growing macro and geopolitical uncertainty is behind the move, warning that crypto may need to “go down to go up” He now plans to sit on the sidelines and wait for an “all clear” signal before getting aggressive again

NILF's first X spaces, Next Friday. Great guest speaker @FinanceFreeman talking about his journey from in the labor force to full-time NILF along with project updates, and QA. Be there! This is just the start.

You can turn $100k into $1M slowly, or you can turn $100k into $0 overnight by ignoring risk. Michael explains how a small position in perps or memecoins can sneakily swallow your entire portfolio, and why taking profits early might be the main alpha: "The thing about this 20% is that it's very easy for me to take, let's say I allocate 10% of the total portfolio to perps. And say I put half of that into a perp trade. Very easy for that to then take over what is the whole portfolio." "Same with a memecoin, right? It's very easy to invest 5% of your total portfolio in a memecoin, and it does a 20x, and next thing you know, it's worth more than your entire portfolio." "So it doesn't take a ton of risk. And I think that's one of the biggest mistakes people make. Now sure, if you've got a $200 portfolio, yeah, you've got to risk it for the biscuit. But those are rare scenarios." "Once you get up to any kind of size, like $50k, $100k, be less risky. Because you don't have to be that risky. You could conservatively, if you're smart, take $100k and turn it into a million... you don't have to do that overnight. But what you could do overnight if you do not manage risk is turn $100k to zero."