Opening

• Back and appreciation for life and feeling good.
• Punta Mita. Stayed at W.  Four Seasons and St. Regis.
  • Golfed at Pacifico. Famous “Tail of whale”.  Hit it in water. 
• Masters: Rory completed a career grand slam.
• Men’s Golf Career Grand Slam Winners

Based on the latest information, six men have completed the career Grand Slam in professional golf:

1. Gene Sarazen: Achieved in 1935 (Masters, U.S. Open, Open Championship, PGA Championship).
2. Ben Hogan: Achieved in 1953 (PGA Championship, U.S. Open, Masters, Open Championship).
3. Gary Player: Achieved in 1965 (Open Championship, Masters, PGA Championship, U.S. Open).
4. Jack Nicklaus: Achieved in 1966 (U.S. Open, Masters, PGA Championship, Open Championship). Nicklaus completed the slam three times, winning each major at least three times.
5. Tiger Woods: Achieved in 2000 (Masters, PGA Championship, U.S. Open, Open Championship). Like Nicklaus, Woods completed the slam three times.
6. Rory McIlroy: Achieved in 2025 (U.S. Open 2011, PGA Championship 2012 and 2014, Open Championship 2014, Masters 2025). His recent Masters victory made him the sixth and the first since Woods in 2000.

Phil still missing US open!!

• Jeff Bezos Blue Origin sends a bunch of women to space for 10 min. Media destroys him. I like it!!! Go Jeff! 
  • Conspiracy theories stupid…but yes, it was dumb they open and closed the door! 

Markets

People are freaking, but is it that bad? 

We are in “Correction” territory. Down 10%. Every 2 years. 

• Bear Market is down 20%. 
  • Remember. ~25 times in last 100 years. So once every 4 years. 
  • Last “Bear” market was in 2022 and April 8 intraday. 

Netflix

• Earnings on Thursday.
• Was at a $1058. After market $1006
  • 3 years ago in June was $170!!!  
  • Almost a 6x return!!!
  • Now people/friends/clients saying they’re sorry they sold at low of ~$800. WHAT 
    • KEEP things in perspective people. 
• Play: Video from Rich Greenfield: 

Not reporting “subs” anymore. Focus on Revenue and profitability. 

• Revenue up 12.5% YoY. I like at least 10%.  
• No slow down in site.  

Play Greg at 11:45.

• Greg says will double Ad-tier revenue in 2025 (big statement). 
• Tech Stack!!
• AI in-house capability. 
• Price targets:
  • Wedbush $1150 price target. 
  • JP Morgan lowered to $1025 from $1150. 
  • Morgan Stanley $1150 target. 
    • “We expect Netflix to demonstrate relative resilience in a weaker global macro.” 
    • “Membership base averages nearly two hours of viewing a day per member”. 
• Key Takeaways:

1. Leader and only profitable company in streaming. 
2. Recession relient/proof. Not going to cancel Netflix in recession…might stop going to Starbucks though. 
3. Advertising nowhere to go but UP UP UP. Only true “tech” company focused.
   1. With exception of Amazon

Tesla

• Earnings release April 22. 
• $776b market cap. $240 stock price. Was $428. 
  • 80% increase if/when back to high!!!  
  • Even if two years from now its like 40% returns. 
  • I may have to YOLO all into this! 

• Biggest news coming is Cybercab in June in Austin…just wait. 

Tesla’s Market Leadership:

• Tesla sold approximately 128,100 EVs in the U.S. during Q1 2025, outperforming the combined sales of the next 10 EV brands. This underscores Tesla’s continued dominance, holding a 43.5% market share despite a year-over-year sales drop.
• The Tesla Model Y and Model 3 were the top-selling EVs, with 64,051 and 52,520 units sold, respectively. The Model 3 saw a significant 70% sales increase from Q1 2024, while the Model Y experienced a slight decline.

California Performance:

• In California, the largest U.S. EV market, Tesla registered 42,322 vehicles in Q1 2025, far ahead of Ford’s 5,819 (second place). However, Tesla’s registrations fell 15.1% year-over-year, reflecting a broader sales slump in the state. The Model Y and Model 3 remained the top EV models.
  • The Model Y and Model 3 easily topped EV charts, though registrations slipped 15.1% from last year due to factory line upgrades temporarily pausing production.

• Teslas Super Charger in LA. Two 45 ft screens.

• Giga Texas production now uses FSD Unsupervised to deliver cars from end of line to the outbound logistics lot. Over 50,000 driverless miles have been accrued between California and Texas factories so far.

• NEWS: Five years after debuting Indiana's first @Tesla police car, the Bargersville Police Department says it has saved them nearly $500,000 in maintenance and repairs.

• Joe Rogan now tweeting about Tesla: I had my Tesla model S drive me home the other day with FSD, and it’s fucking wild. Changes lanes to avoid slow traffic, stops at red lights and stop signs, hits the blinkers and turns for you. It’s bananas.

• My FSD works great!!! Slows down now on hill going up to golf club. 

Nvidia

• Blog on $500b investment and building in Arizona. 
  • NVIDIA Blackwell chips have started production at TSMC’s chip plants in Phoenix, Arizona. NVIDIA is building supercomputer manufacturing plants in Texas, with Foxconn in Houston and with Wistron in Dallas. Mass production at both plants is expected to ramp up in the next 12-15 months.
  • Within the next four years, NVIDIA plans to produce up to half a trillion dollars of AI infrastructure in the United States through partnerships with TSMC, Foxconn, Wistron, Amkor and SPIL. These world-leading companies are deepening their partnership with NVIDIA, growing their businesses while expanding their global footprint and hardening supply chain resilience.

Walmart & Amazon - Drone Delivery

Walmart is offering drone delivery in select U.S. markets. The service, which began testing in 2021, has expanded significantly, particularly in the Dallas-Fort Worth (DFW) area, where it now covers up to 75% of the population across more than 30 towns and municipalities.

• How It Works: Customers order eligible items (up to 10 pounds, like groceries, snacks, or household goods) via the Walmart app or partner sites (e.g., Wing or Zipline). Drones deliver in 30 minutes or less, sometimes as fast as 10 minutes, using a cable to lower packages to yards or driveways.
• Partners: Walmart works with Wing (Alphabet-owned) and Zipline, both FAA-approved for Beyond Visual Line of Sight flights, enabling broader reach. 
• Scale and Impact: Walmart has completed over 20,000 drone deliveries in the past two years.
• $30/package in some cases.

Amazon is offering drone delivery through its Prime Air program.

• Where It’s Available:
  • College Station, Texas: Active since 2022, with thousands of deliveries completed.
• How It Works:
  • Eligible customers can choose drone delivery at checkout for items weighing up to 5 pounds.
  • Drones deliver in under an hour, often 30–60 minutes, using the MK30 drone, which is quieter, faster, and can handle light rain. Packages are dropped via a cable to a designated spot in your yard.
• Scale and Limitations:
  • Amazon has completed thousands of deliveries, with over 50,000 eligible items in Tolleson. 
  • You need a single-family home with a clear delivery area (no tall grass, obstacles, or pets). Apartments and condos are generally excluded.

Universities

Lots in the news. I have strong opinions. 

• Harvard and Columbia.  Endowments of $52b and $14b.  
• Grants from Government: Harvard $700m. Colombia $1.2b.  
• Tuition. Both all in ~$90k / year. 
  • Across US, up about 7% per year. 
• Bloat: staff ratios shifting (e.g., Harvard’s administrators from 707 to 1,352 per 1,000 students)
  • So 1.4 admin per student!!?? 
• Endowments NOT taxed. Insane.

My Expert opinion:

• Donations should be tax free or deductible. 
• Endowments themselves over certain amount should TOTALLY be taxable. Maybe at different rates, but still taxable. 
• Schools with certain endowment levels should NOT receive federal grants! 
• Federal loans should be (1) need based and (2) tied to academic pursuit and probability of payback.

Government 

Government Transparency

• I think agree/disagree with Govt policy, the communication and transparency is better than I’ve ever seen in my lifetime.

Trump’s Cabinet Meeting on April 10, 2025:

• During his third cabinet meeting of 2025, held on April 10, Trump answered approximately 20 questions from the press, as part of a broader pattern of openness in his first three meetings. Across these meetings (February 26, March, and April 10), Trump fielded nearly 100 questions total—55 in the first, 15 in the second, and 20 in the third.

Comparison to Biden’s Administration:

• The Washington Times claimed that Trump’s nearly 100 questions answered in three 2025 cabinet meetings is nearly 20 times the number answered by Biden during cabinet meetings over his entire four-year term (2021–2025). Specifically, Biden is said to have answered only 5 questions across nine cabinet meetings.

DOGE

• Larry Summers and Ezra Klein went HARD against DOGE on last All-in Podcast…was good hearing other opinions/perspectives, but also weird… didn’t seem founded and didn’t site solid examples of wrong doing. 
• The Department of Labor just revealed some SHOCKING numbers on fraud at the agency: "25,000 people who are over 115 years old and have been collecting $59M in payments." "28,000 people between one and five years old have collected fraudulent payments to the 
  • Unemployment insurance. An initial survey of Unemployment Insurance claims since 2020 revealed the following:
    • 24.5k people over 115 years old claimed $59M in benefits
    • 28k people between 1 and 5 years old claimed $254M in benefits
    • 9.7k people with birth dates over 15 years in the future claimed 

Recommendations

• Brecka on Joe Rogan: 
  • I ordered Hydrogen Water. Looking at Hydrogen machine or “bombs” for bath. 
  • Ordered a Ruck pack. 
  • Going to start more kettle balls, hanging and carrying weight. 
  • Log cabins, and living in the woods and farms. 
  • Hyperbaric chamber.

• Den of Thieves on Netflix. 
• White Lotus
• Play guitar!