RT Nick Szabo (@NickSzabo4)Globalization over the last several decades has rerouted vast cash flows from workers, facing global competition, to corporations and their stockholders, who have seen no increase in competition. ...

Globalization Impact - Globalization has shifted substantial cash flows away from workers facing global competition [1] - Corporations and their stockholders have not experienced increased competition despite globalization [1]

Wage Disparity & Economic Trends - Globalization has shifted wealth from workers to corporations and stockholders due to increased global competition [1] - The current average hourly wage is $31 [1] - If wages had kept pace with GDP growth since 1971, the average hourly wage would be $104 (a 335% increase) [1] - If wages had kept pace with the stock market since 1971, the average hourly wage would be $283 (an 813% increase) [1]

Market Sentiment & Flows - Fundamentals are key to attracting more flows in the crypto market [1] - The market needs flows to sustain its momentum [1] - Institutional investment is currently supporting the market while retail participation is low [1] Investment Strategy - Focus on promoting crypto tokens with real cash flows, verifiable financials, and a sustainable path [1] - The return to fundamentals appeals to both left curve (buybacks) and right curve (revenue, P/E, DCF ratios) investors [1] Industry Outlook - The emphasis on fundamentals is a healthy development for the crypto industry [1] - The industry aims to sustain the positive momentum [1]

RT Boring_Business (@BoringBiz_)Imagine spending 14 hours a day projecting cash flows and learning business fundamentals when you could have just bought a piece of rock instead https://t.co/xifZll2qAl ...

RT gphummer.eth 🦇🔊 (@gphummer)Last year, a number of VCs and crypto influencers were expressing “concern” over Ethereum’s cash flows. Alternate chains (whose cash flows are now collapsing and/or flowing to more centralized competitors) were extracting millions of dollars per day in memecoin MEV, acting like a Vegas casino on steroids.The premise underlying this critique was that ETH should be viewed and valued as a tech stock. Somehow, this same critique never applied to Bitcoin, which now only has $5B of e ...

Infrastructure Investment & Demand - Concerns exist regarding the scale of infrastructure investment and potential capital loss [1] - Explosive demand growth is evident, requiring careful valuation checks [2] - Infrastructure wave is supported by real demand growth and cash flows, particularly from major hyperscalers [2][3] - Supply constraints persist despite significant spending [3] - The infrastructure theme is long-term, with potential upsets along the way [3] Debt & Funding - Debt is involved in many infrastructure deals, extending beyond the four major hyperscalers [4][5] - Bond investors are betting on future revenue generation to repay bonds [6] - The infrastructure wave is impacting the corporate bond market, utilities, and both public and private sectors [7] - A 40-year bond yielded approximately 1.65 percentage points over Treasuries [7] Capital Spending & Energy - Markets have been rewarding large capital spending commitments [9] - Current spending is grounded in real infrastructure, chip spending, and data centers, unlike the dot-com bubble [10] - The global energy sector's ability to meet demand is a trillion-dollar question [11] - Data center power commitments are substantial, equivalent to powering New York, Chicago, and Los Angeles for a year [11] - The aged infrastructure grid requires upgrades, with potential solutions like nuclear and natural gas power expected in the 2030s [12] - Efficiency gains and gradual demand increases may prevent a bottleneck in the near term [12][13] - Compute costs have already decreased by 98% [13]

Perpetuity is a continuous stream of identical cash flows with no end, such as payments from an annuity. https://t.co/GxqMVtSGhl ...

Company Overview - Versent, a spin-off from Comcast, will be listed on NASDAQ under the ticker VSNT [1] - The company emphasizes its strong capitalization, multiple revenue streams, significant operating cash flows, and robust balance sheet [2] - Versent anticipates the capacity to return capital to shareholders following the separation [2] Revenue Performance - Revenue decreased from $78 billion in 2022 to $745 billion in 2023 [3] - Revenue further declined to $7 billion in 2024 [3] - Revenue for the first six months of the current year was $34 billion [4] Cash Flow Trends - Net cash provided by operating activities decreased from $25 billion in 2022 to $24 billion in 2023 [4] - Net cash further declined to $22 billion in 2024 [4] - Net cash for the first half of the current year was $11 billion [4] Balance Sheet Highlights - Total equity remained relatively stable, decreasing from $109 billion in 2024 to approximately $106 billion [5] - Adjusted EBITDA for the year ended December 31st of last year was $28 billion, and for the first six months of this year, it was $14 billion [5]

Investment Focus - The key to evaluating companies like Tesla is to focus on future cash flows rather than past performance [1] - For companies like Tesla, the next 10 years are the most important [1] Company Strategy - The analysis emphasizes the importance of long-term growth potential over short-term trends for Tesla [1]