Jim Torode @JimTorode

Marc Andreessen just explained how the United States assassinated its own future. In the 1970s, the Nixon administration launched something called Project Independence. The mandate was absolute. Andreessen: “Build a thousand new civilian nuclear power plants in the US by the year 2000.” One thousand reactors. Unlimited, carbon-free baseload power. Enough electricity to move the entire country to electric vehicles four decades ahead of everyone else. But it went further than energy. Andreessen: “It’s called Project Independence because it means the US won’t have to be involved in the Middle East anymore, because we won’t need the oil.” No oil dependence. No Gulf Wars. No generations of soldiers stationed in deserts protecting supply chains that never needed to exist. A complete strategic withdrawal from the Middle East. Permanent. And none of this was hypothetical. Andreessen: “France ran for a long time almost entirely on nuclear power. Japan ran for a long time almost entirely on nuclear power.” Other nations proved it worked at scale. America had more capital, more engineers, and more ambition than all of them. Andreessen: “How many nuclear power plants were built out of the thousand? Rounds to zero.” Zero. Not because the physics failed. Not because something superior replaced it. Because the same administration that drafted the blueprint for unlimited energy also created the institution that killed it. Andreessen: “They never got built because the Nixon administration also created the Nuclear Regulatory Commission, which made it its purpose in life is to stop nuclear power plants from getting built.” Same government. Same decade. Same pen. One directive launching the most ambitious energy program in American history. Another creating the bureaucracy that would quietly dismantle it from the inside. Andreessen: “The Nuclear Regulatory Commission did not approve a new nuclear plant design for 40 years.” Forty years of zero approved designs. Not because no one submitted them. Because the institution built to regulate nuclear energy became the institution built to prevent it. That’s not oversight. That’s abolition dressed as due diligence. We spent the next fifty years fighting wars in the desert for a resource we never needed. Choked the atmosphere with carbon we didn’t have to burn. Terrified an entire generation with the illusion of scarcity. And the entire time, the physics already worked. The government didn’t fail to navigate the energy crisis. They took the densest source of energy in the universe and drowned it in paperwork. Every war fought for oil. Every carbon debate. Every geopolitical crisis of the last half century. All of it was a policy choice. We didn’t lack the technology to power the future. We let a committee outlaw the math.

@PeterSchiff I treat have 1 or 2% percent of my total investment portfolio divided between Bitcoin and Ethereum...I treat it like an aggressive growth tech stock and position-size it accordingly. Investing in Bitcoin doesn't have to be an all-or-none decision.

@DiamondandSilk But why?

@redpillb0t Time for a Boston "Coffee" Party demonstration, anyone?!

Studies show that 100% of countries that don't fire rockets or missiles on Israeli civilians are never attacked by Israel.

@RealJamesWoods James, my biggest fear is that Republicans may benefit from voter manipulation as much as Democrats.

oh no, more people got jobs than expected

Hot take: Universities charge $300,000 for a degree that teaches you skills any LLM can do for free. At some point we need to have an honest conversation about whether higher education is the greatest individuals misallocation of capital in recent history.

Socialism fails to create or even maintain prosperity because it turns prosperity into a penalty and dependency into a reward. Eventually people respond to the incentives they're given.

@Monica55dzrh Yes, and I'd really love it with a slice of American cheese.

@C_3C_3 If true, this is frightening.

Every great trader…

Camus @newstart_2024

2 days ago

Roger Federer dropped some real wisdom in his Dartmouth commencement speech: He won nearly 80% of his 1,526 professional matches, but only 54% of the points he played. Even one of the greatest tennis players of all time lost almost half his points. His lesson: Don’t dwell on

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@LAChas77 My two things I enjoy outside of my family, kids and grandkids are cooking and bonsai creation.

What people don't realize is it's not getting the answer right in life, it's getting the problem right. That's the answer. Most people don't get the problem right so they end up solving the wrong problem and they're wrong even if they're right. Never about the right answer.

@PaulPortesi I had a mentor early in my finance days who taught folks that the difference between average vs. great thinkers was the ability ask the right questions that truly matter.

@mattvanswol Even the mafia in their heyday didn't shake down their old neighborhoods so effectively.

@MarkDavis One of many reasons why the NBA is a shadow of it's former greatness. Players making more money than they could ever imagine in a country that provides the greatest opportunity for advancement on the planet...and they dishonor themselves by such petulant public behavior.

@ewarren You really don’t know what you don’t know, and you know it…I think.

I’m in love with this sentence: “After getting what you manifested, ask for discipline to keep it and wisdom to multiply it.”

@GuntherEagleman I'm saving Joe because he's already sleeping.