Loss function overfitter Math is fun until the liquidation hits AI x Web3 x pure luck
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KillerBe retweeted
Jensen Huang spent 33 years building Nvidia into a $4 trillion company. it took one affair - and a report of a second - to end it.
on Thursday he resigned as president, CEO and board member, effective immediately. CFO Colette Kress is now interim CEO.
first came a memo to employees: "I was unfaithful to my wife." the woman, Alice Huang, is a former Megaspeed executive reportedly under suspicion by US officials - no charges have been filed. then the New York Times reported a second alleged affair - with another Nvidia executive.
in the clip below Fox Business doesn't hold back:
"it wasn't one affair with a spy. it was an affair with another employee."
"and where the heck was the board?"
Nvidia fell as much as 13% on Thursday. Huang still holds roughly 870 million shares - about $140 billion at Thursday's price.
he kept the money. he lost the company he co-founded, the CEO title and his seat on the board - in a single press release.
so be honest - was the affair worth losing Nvidia, or should a CEO's private life be none of the board's business?
Peter Schiff said US home prices could be cut in half. Grant Cardone said there would be no 50% drop - just "no activity." this week the data picked a side.
in the clip below they fight it out live - and Cardone goes after Schiff's wallet.
Schiff's math: at a 9% mortgage, a house has to cost half as much to keep the same monthly payment as at 3%.
Cardone's counter: "50% of all the loans in this country are below 4%... those homes will not be discounted."
then the jab:
"if you had bought all the foreclosure homes in 2008, '09 and '10, you would be so wealthy today, you wouldn't have had to move to Puerto Rico."
Schiff: "I'm wealthier because I moved to Puerto Rico."
now the scoreboard. US home sales just fell to their lowest level since 2010. prices are still up from a year ago, the 40th straight month of gains. mortgages sit near 7%, not 9%.
no crash. no sales. almost word for word what Cardone said.
but Schiff gets the last line: "they're just going to get worse first."
so who are you betting your down payment on - Schiff or Cardone?
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Jensen Huang spent 33 years building Nvidia into a $4 trillion company. it took one affair - and a report of a second - to end it.
on Thursday he resigned as president, CEO and board member, effective immediately. CFO Colette Kress is now interim CEO.
first came a memo to employees: "I was unfaithful to my wife." the woman, Alice Huang, is a former Megaspeed executive reportedly under suspicion by US officials - no charges have been filed. then the New York Times reported a second alleged affair - with another Nvidia executive.
in the clip below Fox Business doesn't hold back:
"it wasn't one affair with a spy. it was an affair with another employee."
"and where the heck was the board?"
Nvidia fell as much as 13% on Thursday. Huang still holds roughly 870 million shares - about $140 billion at Thursday's price.
he kept the money. he lost the company he co-founded, the CEO title and his seat on the board - in a single press release.
so be honest - was the affair worth losing Nvidia, or should a CEO's private life be none of the board's business?
KillerBe retweeted
Elon Musk paid $44 billion for Twitter. a year later he walked on stage and told the companies paying for it to go f*** themselves.
November 2023, NYT DealBook Summit. Disney, Apple, IBM and others had just pulled their ads from X after Musk agreed with an antisemitic post. hours earlier Disney CEO Bob Iger had spoken on the same stage.
Andrew Ross Sorkin asks if he wants the advertisers back. Musk:
"If somebody is going to try to blackmail me with advertising, blackmail me with money, go f*** yourself."
then he turns to the crowd: "Hey Bob. If you're in the audience."
in the clip below Sorkin pushes back - the advertisers will say Musk killed the company himself. Musk doesn't blink:
"The whole world will know that those advertisers killed the company."
"Tell it to Earth."
"The judge is the public."
X didn't die. in 2025 Musk's own AI company bought it in a deal that valued X at $33 billion. in 2026 SpaceX swallowed both.
so was that the most honest thing a CEO has ever said on stage - or the most expensive?
Elon Musk paid $44 billion for Twitter. a year later he walked on stage and told the companies paying for it to go f*** themselves.
November 2023, NYT DealBook Summit. Disney, Apple, IBM and others had just pulled their ads from X after Musk agreed with an antisemitic post. hours earlier Disney CEO Bob Iger had spoken on the same stage.
Andrew Ross Sorkin asks if he wants the advertisers back. Musk:
"If somebody is going to try to blackmail me with advertising, blackmail me with money, go f*** yourself."
then he turns to the crowd: "Hey Bob. If you're in the audience."
in the clip below Sorkin pushes back - the advertisers will say Musk killed the company himself. Musk doesn't blink:
"The whole world will know that those advertisers killed the company."
"Tell it to Earth."
"The judge is the public."
X didn't die. in 2025 Musk's own AI company bought it in a deal that valued X at $33 billion. in 2026 SpaceX swallowed both.
so was that the most honest thing a CEO has ever said on stage - or the most expensive?
KillerBe retweeted
Nvidia lost $247 billion in one day. not because of chips - because of an email from Jensen Huang.
on Sunday he wrote to employees: "I was unfaithful to my wife. My actions hurt her and our children."
according to the New York Times, the woman is a former executive at Megaspeed, a Singapore company that bought Nvidia chips. US officials reportedly suspect she was gathering information for Beijing. no one has been charged.
Nvidia's board opened an independent investigation and says it has "no reason to believe" any secrets were compromised. Huang stays CEO.
in the clip below CNBC asks Dan Ives if Nvidia could replace him:
"talking about replacing Jensen, that's a comedy."
then the anchor asks what his critics are asking - the most important businessman in America, close to the White House, lobbying to sell chips to China:
"Don't you think this stinks?"
the stock fell 5.7% on Monday and kept falling on Tuesday.
so is this a private mistake by the man who built the AI boom - or the biggest security risk in corporate America?
Nvidia lost $247 billion in one day. not because of chips - because of an email from Jensen Huang.
on Sunday he wrote to employees: "I was unfaithful to my wife. My actions hurt her and our children."
according to the New York Times, the woman is a former executive at Megaspeed, a Singapore company that bought Nvidia chips. US officials reportedly suspect she was gathering information for Beijing. no one has been charged.
Nvidia's board opened an independent investigation and says it has "no reason to believe" any secrets were compromised. Huang stays CEO.
in the clip below CNBC asks Dan Ives if Nvidia could replace him:
"talking about replacing Jensen, that's a comedy."
then the anchor asks what his critics are asking - the most important businessman in America, close to the White House, lobbying to sell chips to China:
"Don't you think this stinks?"
the stock fell 5.7% on Monday and kept falling on Tuesday.
so is this a private mistake by the man who built the AI boom - or the biggest security risk in corporate America?
KillerBe retweeted
A YouTuber offered $1,000 to anyone who could start his 1954 Harley, and after people kept FAILING on his brand new one, a random rider walked up and fired up both 😳🔥
“I have no idea how he was able to start that bike”
“That was our lunch money, dude” 😭
KillerBe retweeted
poker legend Phil Ivey won almost $20 million from two casinos. he never touched the cards - and both casinos kept the money through the courts.
in 2012 he and his partner noticed the pattern on the back of some cards wasn't symmetrical. she had the dealer turn the strong cards, so they could be read from the back.
in the clip below Daniel Negreanu: "The idea that you offered a game, I accepted, I beat you, and now you want to freeroll me? That's disgusting."
he also tells how Ivey flew between casinos in one night on a private jet, making money off their own promotions.
the case for the casinos: the UK Supreme Court unanimously called Ivey's play a "carefully planned and executed sting."
a US judge found no fraud, but ruled Ivey breached his contract with Borgata and had to hand back $10.1 million.
almost $20 million won. no criminal case. and none of that money in his hands.
did Ivey beat the casino at its own game - or is it cheating either way?
KillerBe retweeted
In 1976, Ronald Wayne owned 10% of Apple. He sold it back for $800.
That stake would be worth over $400 billion today.
He typed up Apple's founding contract himself, and Steve Jobs saw him as a mentor. Jobs and Steve Wozniak "didn't have two nickels to rub together." Wayne had "a house, a bank account, and a car."
If Apple went under, he was the one creditors could reach. "12 days later, I went down to the registrar's office and had my name taken off the contract."
Months later, a letter came with a $1,500 check to sign away every possible interest in Apple. "It was found money," he says in the video below. He signed.
Does he regret it? He says he would have spent 20 years "shuffling papers" at the back of the building.
So was it the worst trade in history, or the only rational one he had?
KillerBe retweeted
Ronald Wayne owned 10% of Apple. 12 days later he sold it for $800.
last month Apple closed above $5 trillion for the first time. on paper, his 10% would be worth about $500 billion.
in the clip below CBS asks if he ever doubted Apple would make it. "None." so why walk away?
he was 41. Jobs was 21. if the company failed, its debts were personal:
"Jobs and Wozniak didn't have two nickels to rub together. I had a house, a bank account, and a car, and I was reachable."
months later Apple mailed him a check for $1,500 to sign away any claim to the company. he signed.
"As far as I was concerned, it was found money."
today he is 92, lives in Nevada and relies heavily on Social Security.
would you have bet your house on two kids in a garage?
Ronald Wayne owned 10% of Apple. 12 days later he sold it for $800.
last month Apple closed above $5 trillion for the first time. on paper, his 10% would be worth about $500 billion.
in the clip below CBS asks if he ever doubted Apple would make it. "None." so why walk away?
he was 41. Jobs was 21. if the company failed, its debts were personal:
"Jobs and Wozniak didn't have two nickels to rub together. I had a house, a bank account, and a car, and I was reachable."
months later Apple mailed him a check for $1,500 to sign away any claim to the company. he signed.
"As far as I was concerned, it was found money."
today he is 92, lives in Nevada and relies heavily on Social Security.
would you have bet your house on two kids in a garage?
KillerBe retweeted
Elon Musk lost about $115 billion on Wednesday and Thursday. by Friday afternoon he had made $45 billion of it back.
this is the man who told CNBC exactly how much losing money bothers him.
in the clip below David Faber asks Musk whether his tweets hurt the company - Tesla owners who disagree with him, advertisers walking away from Twitter.
in the full interview Musk goes silent for about 12 seconds. then he quotes The Princess Bride:
"Offer me money. Offer me power. I don't care."
and then:
"I'll say what I want to say, and if the consequence of that is losing money, so be it."
two weeks after that interview he was worth $192 billion. this week, even after the selloff, he is back above $800 billion.
so is not caring about money the reason he has so much of it - or is he just the only one rich enough not to care?
Elon Musk lost about $115 billion on Wednesday and Thursday. by Friday afternoon he had made $45 billion of it back.
this is the man who told CNBC exactly how much losing money bothers him.
in the clip below David Faber asks Musk whether his tweets hurt the company - Tesla owners who disagree with him, advertisers walking away from Twitter.
in the full interview Musk goes silent for about 12 seconds. then he quotes The Princess Bride:
"Offer me money. Offer me power. I don't care."
and then:
"I'll say what I want to say, and if the consequence of that is losing money, so be it."
two weeks after that interview he was worth $192 billion. this week, even after the selloff, he is back above $800 billion.
so is not caring about money the reason he has so much of it - or is he just the only one rich enough not to care?
KillerBe retweeted
Jensen Huang was ready to hand California about $8 billion. Sergey Brin put up $102 million so nobody would have to.
on Tuesday California voters rejected Prop 40 - a one-time 5% tax on every resident worth more than $1 billion.
in the clip below CBS asks Huang why he sees it differently from his peers. his answer:
"I'm not afraid of paying taxes. I'm just afraid of being poor."
he calls the $8 billion over five years "a privilege" and says nothing would give him more joy than paying even more.
his peers didn't wait for the vote. Peter Thiel, Larry Page and Brin left the state before the January 1 deadline. billionaire-backed opponents spent $316.7 million to kill the tax.
"I am the ultimate American dream," Huang says.
so who got it right - the billionaire who stayed and offered to pay, or the ones who spent millions to make sure they'd never have to?
Jensen Huang was ready to hand California about $8 billion. Sergey Brin put up $102 million so nobody would have to.
on Tuesday California voters rejected Prop 40 - a one-time 5% tax on every resident worth more than $1 billion.
in the clip below CBS asks Huang why he sees it differently from his peers. his answer:
"I'm not afraid of paying taxes. I'm just afraid of being poor."
he calls the $8 billion over five years "a privilege" and says nothing would give him more joy than paying even more.
his peers didn't wait for the vote. Peter Thiel, Larry Page and Brin left the state before the January 1 deadline. billionaire-backed opponents spent $316.7 million to kill the tax.
"I am the ultimate American dream," Huang says.
so who got it right - the billionaire who stayed and offered to pay, or the ones who spent millions to make sure they'd never have to?
KillerBe retweeted
in 1991 this man looked at Bernie Madoff's trades and found that half of them never happened.
17 years before the $64.8 billion collapse.
it started with one strange line in McKinsey's pension portfolio. a fund that "printed out one or two percent a month every month." up market, down market - it never lost.
he asked to see the operation. Madoff's brother Peter: "No, I won't let them in the front door."
so he pulled the trades himself. half never happened on any exchange at those prices. a quarter had more volume than the exchanges ever traded.
"this is a fraud," he told McKinsey.
"but we're making 20% a year."
his answer was simple math. your other money makes 16%. if I'm right, the 20% is fake. if I'm wrong, you lose 4 points. McKinsey was out in two months.
thousands of investors stayed. each one assumed someone else had checked.
the worst part: the man who brought him in heard every detail. he kept raising money for Madoff until the week it collapsed - with his own family's money inside.
it's 1991. your fund pays every single month and never loses. do you pull out on one man's word?
in 1991 this man looked at Bernie Madoff's trades and found that half of them never happened.
17 years before the $64.8 billion collapse.
it started with one strange line in McKinsey's pension portfolio. a fund that "printed out one or two percent a month every month." up market, down market - it never lost.
he asked to see the operation. Madoff's brother Peter: "No, I won't let them in the front door."
so he pulled the trades himself. half never happened on any exchange at those prices. a quarter had more volume than the exchanges ever traded.
"this is a fraud," he told McKinsey.
"but we're making 20% a year."
his answer was simple math. your other money makes 16%. if I'm right, the 20% is fake. if I'm wrong, you lose 4 points. McKinsey was out in two months.
thousands of investors stayed. each one assumed someone else had checked.
the worst part: the man who brought him in heard every detail. he kept raising money for Madoff until the week it collapsed - with his own family's money inside.
it's 1991. your fund pays every single month and never loses. do you pull out on one man's word?