Markets, Golf, Netflix, SpaceX, AI & Fear, Over-taxation

OpenCameron Young tied on 18. Longest drive on 18. 365. Full pause. Birdy on 17, the hardest hole. CAl FTB: SucksFacts of life: Your Thoughts define youMiamiBeautiful and no state tax. Everyone moving there. Mansions and yachts, but lots of normal people too.  Ken Griffin.  Meta CEO Mark Zuckerberg and Priscilla Chan have purchased a $170 million, 30,000-square-foot mansion on Miami’sMarketsLong over-due correction. AI FearI've listened to a few podcasts featuring Marc Benioff in the last year. He is 100% all-in on AI. The idea that SAAS will be completed disrupted by AI is over-hyped. Jensen Huang put it well: AI will not invent a new hammer or screwdriver; they'll just use what exists. Analogy is to SaaS companies in general. Large Corporations (think Fortune 1000) are not goint to ditch big SaaS companies, like ERP (Workday, Oracle, SAP), Security, CRM, Analytics, Microsoft Office, etc... Long story, short: The AI replacement fear is over-hyped. NetflixNetflix Loses Bidding War to Paramount! Tesla & SpaceX Interview with Elon.Play at 0.28. Stop 2.00.Tesla has most advanced Real-world AI. Starting scale production of CyberCab in April.Tesla Semi coming this yearMerger SpaceX acquired XaISpaceX will go public.  SpaceX will merge with Tesla. Love this take from Travis on Autonomous driving. XAi XaI will be a financial behemothAndrej Karpathy on Elon’s management styleAI OpenAI Anthropic ClaudeGovernmentNewYork CityFareed ZakariaCA FraudNick Shirley Doing his Thing again in CAWealth Taxhttps://x.com/stevenfiorillo/status/2033352518802026741According to IRS migration data, New York has lost $111 billion in net adjusted gross income over the last decade from residents moving to other states.WSJ on Billionaires leaving. Google co-founder Larry Page recently made headlines by spending $188 million on three Miami mansions.Washington State passes 9.9% tax on income over $1m. Howard Schultz leaving. Bezos already gone. Recommendations:Hims and Hers! Bill Gurley: Running down a DreamMichael Lewis: Lyar’s Poker. The Rip. Was ok. The Running Man. great airplane movie. Glen Powel