Joined September 2011
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Typical European behavior right here. Instead of getting fired up to face the US at its best after one of the worst calls in history gets rightfully reversed, Belgium cries, plays victim, and tries to find a way to keep their opponent down over a garbage call. This is exactly why the US continues to lead the world in innovation while Europe whines and regulates itself into irrelevance. I’d be scared too, Belgium. 🇺🇸⚽
🚨⚠️ OFFICIAL: Belgian Federation statement on Folarin Balogun red card case, saying they are “astonished”. “The Royal Belgian Football Association (RBFA) is astonished by FIFA's decision to declare suspended United States player Folarin Balogun eligible to play in the USA–Belgium match on Monday, 6 July at 5:00 p.m. (Seattle time). FIFA bases its decision on Article 27 of the FIFA Disciplinary Code. This provision states that the FIFA Disciplinary Committee may decide to suspend the enforcement of a previously imposed disciplinary sanction. However, Article 66.4 of the same FIFA Disciplinary Code clearly provides that a red card (sending-off) automatically results in a suspension for the team's next match, as has been the case for all previous red cards issued during this FIFA World Cup. Furthermore, and irrespective of the above, the decision is in direct contradiction with the provisions of the FIFA World Cup 2026 Competition Regulations, as set out in Article 10.5: "If a player or team official is sent off as a result of a direct or indirect red card (second caution), they will automatically be suspended from their team's subsequent match. In addition, further sanctions may be imposed.” The automatic nature of such a suspension was also explicitly reaffirmed in FIFA World Cup 2026 Circular No. 16, which was distributed to all participating member associations on 12 May 2026. The same rule is reiterated at every FIFA World Cup 2026 Match Coordination Meeting prior to each match and is included in all FIFA World Cup 2026 workshop presentations. ❗️In order to safeguard the legitimate rights of all participating teams and to protect the fundamental principles of fair play in our sport, both at this FIFA World Cup and at future editions of the tournament, the RBFA is investigating all potential options.”
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20 seconds apart btw
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Happy 4th and 250th birthday to America 🇺🇸🇺🇸🇺🇸 Pray for those who live in the greatest country the world has ever known and find a way to complain about it.
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I started my career in Big 4 accounting. Similar career path, you just make much less money. It didn’t take me long to realize the upside doesn’t come close to justifying the sacrifices you have to make. The work also made me miserable. I quit after 15 months and have been in commercial real estate since.
POV: You are a large law firm attorney who just graduated from one of the best law schools in the country. You make $250K a year as a first-year lawyer… crazy. Your parents are really proud, and you feel like you’ve won the lotto. Yes, the expectations are high, but you have $100K in student loans, so it’s worth it. Plus, you’re learning a lot, and that’s important. A firm called Milbank just announced a salary increase, and firms are matching… how exciting! You check @atlblog every day to see if your firm will match. But as your compensation rises, so do your rates and client expectations. You feel your practice becoming an expectations race to the bottom. If you’re not willing to work nights, weekends, holidays, grandma’s funeral, and Christmas Day, some other associate will, and the work will migrate to them (or so you fear). You still have your student loans (shoot… should have prioritized them over that expensive car!) and you’re a rational actor, so you work. Endlessly. You justify this to your family as a “short-term sacrifice.” Your partner handles things with the kids. You move up and are now a mid-level making almost $400K per year! Insane! You now have associates under you to handle some of the grunt and late-night work… score. But those associates aren’t very good, and their time is demanded by others. So you still do a lot yourself. “If you want something done right, do it yourself!” right? The years go by fast. “Two more years,” you tell yourself over and over. Close enough to feel optimistic, far enough to not be scary. You occasionally check job openings, but they come with a big pay cut… not yet. Time flies, and you’re now a senior associate making $500K . You make so much you can’t even tell anyone. But everyone knows because of your expensive house, private school for the kids, exotic vacations, and paying for every meal. You still check the job market periodically. Nothing pays enough… Hell, let’s keep going for partner. We’ve come this far, right? So you grind. Maximize hours. Develop client relationships. Double duty! Ouch. You justify this to your family as a “short-term sacrifice.” Your partner handles things with the kids. You make it! The “brass ring” has arrived! But it’s non-equity. Time to show your chops! Maximize hours, BD and a leadership committee. Triple duty. Ouch!! Another 2-3 year sprint. You justify this to your family as a “short-term sacrifice.” Your partner handles things with the kids. Now you start learn the “business of law” Wait… Associates are expensive, they churn constantly, and clients always want you, the relationship. Your work is project-based. Some recurring but no recurring revenue. So you’re constantly selling, and your pipeline fluctuates. Transactions close and die; litigation matters are decided or settle. These things are hard to predict, and you don’t want work to dry up. So you keep taking new work, even when you shouldn’t. Rates rise dramatically: $1,000 per hour becomes $1,500, then $2,000. You earn awards and designations: Super Lawyers, Best Lawyers, Chambers and Partners. You become a practice group leader. Dozens or hundreds of lawyers report to you. Pretty cool. Unfortunately, it doesn’t increase your income. It actually hurts it because you’re distracted by admin tasks. You “step back.” Your kids leave for college. Finally, you can really focus. You’re now 55 and work 12 hours per day, even on Sundays, to close big matters. You’re at the absolute tippy top of your profession. You’re made a “Star Individual.” Finally, you approach retirement age and are forced to retire. The value of your “equity” is insignificant and is cashed out by the firm. You retire high net worth, but short of many friends who are ultra-high net worth. You begin exploring non-work hobbies again. Pickleball sounds fun! You worry about your knees though. You go look for your spouse and see what they’ve been doing all these years.
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What’s interesting about this real estate downturn is that some sectors have massive distress while others remain strong. Older multifamily and Class B office are in a depression-like environment worse than 2008 — but for different reasons. Multifamily distress is because pricing got wildly out of control. So many deals were purchased for way too much using floating rate debt, creating a disaster that will take years to resolve. Office distress is because too many buildings were constructed in the 1980s. The rents those buildings command don’t justify the capex required to make them competitive. And there are just too many of them (in many, but not all, markets). Retail, industrial, and Class AA office remain strong. In some cases, stronger than ever. People are buying industrial deals with negative leverage and making huge rent growth assumptions. The newest and most expensive office buildings are getting record-high rents with record-low vacancy.
Real estate bloodbath is upon us. If your deals are healthy and you haven't had to call capital over the last 3 years, you are in a good spot. Whoever can raise money to buy real estate over the next 5 years will do very, very well. Storage, multifamily, industrial, you name it.
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Every time I see a soccer player act like they are literally dying after falling down on soft grass, I think about the hockey player that got his teeth knocked out by a hockey stick, stayed in the game, and won the gold medal. Hockey players and soccer players are literally a different species.
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Restaurants and bars near World Cup venues are increasing their prices 20% to make up for the lack of tips. They learned the hard way that having your customers decide what your employees make is an insane custom unique to America.
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The only people qualified to do anything are the people that decided they are and did it.
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I never commented on the $15 million loss of investor capital. Here are my thoughts. I shed zero tears for the investors that lost money. If you invest in a Houston deal with a sponsor that lives in Hawaii, you shouldn’t be surprised if you lose your money. The sponsor is smart and charismatic. But he’s a lifestyle guy. Don’t ever invest with a lifestyle guy. There are people that live in Houston and still lost everything on real estate deals. The market got way too hot. I invested as an LP in multiple deals at the peak and lost 100% of my investment. Nobody should shed a tear for me. Nor should any tears be shed for these investors. Learn your lesson and move on.
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Business is hard. It’s a feature, not a bug.
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I've never read The 4-Hour Work Week and never will. The title disqualifies it. No legitimate business advice fits into a 4-hour-per-week schedule. It's either clickbait with no substance, or a fantasy that convinces people they can get rich without working hard. Either way, not worth my time.
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Tiger Woods cheated on his wife many times and struggles with prescription drug addiction. He's the best golfer that's ever lived and is a billionaire. Michael Jordan used to stay up all night gambling, drinking, and playing golf before playoff games. He's the best basketball player that's ever lived and the wealthiest athlete in history with a $4.3 billion net worth. Copying the bad habits of ultra successful people isn't going to increase your chances of success. It's going to make success far less likely.
Just got this out of office from a hyper successful big law attorney who’s at the tippy top of our profession. His firm’s profit per partner exceeds $5 million a year. I’ll be sure to let him know that you guys think he’s not a serious person. I bet he’ll care.
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In the British Virgin Islands, the steering wheel is on the same side as the US, but they drive on the opposite side of the road. How did we let Britain retain ownership but rely on us for the cars? This is a travesty!
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My wife and I are on a trip celebrating our 10 year wedding anniversary. There are 14 new employees starting at Aspire between now and when I get back. Am I going to be doing deep work every day while I’m here? Of course not. But there will be things I have to deal with and keep moving forward. If I had an out of office reply saying “don’t bother me, I’m on vacation”, not only would I be embarrassing myself and the entire company — our team would be smart to be deeply concerned about their job security.
I’ve never known a highly successful person who uses an auto-away email.
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Early in my career, a big client said, “You’re in the service business. You should never ever use auto replies when you’re in the service business. And if you want to work with us, you definitely won’t be using them.” Using auto replies is an embarrassing, naive thing to do for anyone that wants to do business with serious people.
I’ve never known a highly successful person who uses an auto-away email.
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Is BlackBerry making a comeback?! Didn’t even know it still existed…
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Operating with a long term mindset is incredibly freeing. If you commit to doing whatever it takes to achieve your objectives, you've already won. The only question is how long it will take. Not whether you'll get there. Lose a big opportunity? You don't care after a few days. You understand the loss was required to prepare you for what's next. People don't buy into your vision? That's fine. They'll eventually understand, and it's their loss for not believing in you now. Does it seem really hard at times? Yes, but that's a feature, not a bug. Imagine how hard it would be for someone to replicate. Setbacks don't faze you. You use them as fuel to refine your craft. Contrast that with short term thinking: You can't afford to miss the big opportunity because you don't have time to wait for the next. If people don't believe in what you're doing, you get angry and give up. It's too hard, so you move onto the next thing in hopes it will be easier (it won't). Setbacks are devastating because you need results fast, but they're nowhere to be found. Long term thinking produces peace, conviction, and moats. Short term thinking causes anxiety, unforced errors, and no lasting advantage.
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I was talking to someone recently that said, “Using Claude is low key like talking to an idiot.” It’s true. For some things, it’s amazing how useful it is. For others, it’s amazing how it’s so confident in its abilities that are worthless for the task at hand.
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My goal by the end of this game: Know at least 1 soccer player’s name
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You can't say yes to everything. You're going to say no to some things. If you don't learn how to say no to others, you're saying no to your goals by default.
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