Strategy (MSTR) CEO Says Bitcoin Sale Was About Market 'Inoculation', Not A Retreat

Elon Vows AI-Made 'Odyssey' After Blasting Nolan's Take On Homer Via American Greatness, Elon Musk says he’ll beat Hollywood at its own game, pledging that his artificial intelligence venture will produce a full-length film of Homer’s “The Odyssey” by year’s end, one he insists will stay faithful to the ancient text in a way Christopher Nolan’s blockbuster adaptation has not. Musk, believed to be the first trillionaire in modern history, unveiled the project Tuesday evening on X, posting AI-generated footage from Grok Imagine depicting a scene from the epic poem. “Before this year ends, Grok...

Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including...

The Permanent Distortion Theory Submitted by QTR's Fringe Finance “This time it’s different” is supposed to be the dumbest phrase in investing. It’s the phrase people use right before they get obliterated. It was the rallying cry of dot-com lunatics buying companies with no revenue in 1999. It was the intellectual foundation of housing perma-bulls in 2006 who believed home prices could only go up because, apparently, Americans had collectively decided real estate was immune mathematical reality. It’s typically what people say when they’re trying to justify paying absurd prices for dogshit assets...