Sean Penso retweeted
some of the best advice I’ve ever heard:
optimize your tolerance for uncertainty because everything good you want in life comes from overcoming fear, tolerating boredom, and becoming comfortable with discomfort.
Sean Penso retweeted
Everything you want is on the other side of not giving a fuck, asking again, and taking another shot. Life gives you endless lottery tickets to try and you only need one win to change your life forever .
Sean Penso retweeted
In 5 years, people will say "I wish I got into AI implementation back in 2026."
There is just too much signal if you are paying attention.
Watch what the biggest AI companies are actively doing. Their actions are the market telling you exactly what it needs.
This is the most recent example:
Harvey, the biggest AI company in legal with a $15.5B valuation. Backed by OpenAI and Sequoia, and deployed at most of the Am Law 100.
In this video, their cofounder explains why they're transitioning from an "application layer company" to a full stack AI company.
Listen to what's driving it. Their customers keep asking the same two questions:
"How do we own more parts of the stack?"
"Should we be training our own models?"
So Harvey built the agent infrastructure. Then launched Tenet, their own model trained for legal work. Partly so they'd have the know-how to help customers own it themselves.
And through all of it, they still put a human implementation engineer in every single deployment. 180 of them, most are former practicing lawyers.
A $15.5B software company keeps getting pulled deeper into implementation, infrastructure, and custom systems.
Because that's what the market is screaming for.
Every company on earth is about to need someone who can walk in, understand their operations, and make AI actually work inside them.
The tools are infinite, the implementers are the shortage.
So if you have even one AI implementation client right now... congratulations. The $15.5B companies just validated your entire business model with their own roadmap.
And if you're still chasing your first: keep going.
I watch people close their first client every week.
You're way early.
Sean Penso retweeted
RuneScape is the reason I have had any success in life.
Starting at the age of 7 I grinded cutting yews, picking flax or fishing in Catherby. I saved diligently to buy our first granite maul. I dedicated thousands of hours to this game and it taught me more about life than any hour spent in school.
I learned about:
(1) Supply demand
(2) Catalysts
(3) Arbitrage
(4) The value of hard work
(5) Long term investing
(6) Compounding
There is nothing I am more passionate about than my time in Glienor. Thank you @Jagex!
Sean Penso retweeted
retard-proof due diligence, four questions
1) is the owner involved day to day? (if yes, his salary was probably added back into profit)
2) are the accounts cash or accrual? (prepayments book as income while the obligation sits invisible)
3) do producer billings reconcile to the revenue line? (if not, either the books are dirty or someone's skimming)
4) what's accrued in staff entitlements and undelivered work? (that comes off the price)
your settlement figure should never match your offer
Sean Penso retweeted
the masculine urge to quit your $300K/yr private equity job to start a HoldCo with diversified cash flowing businesses that dividend proceeds back to the parent
Sean Penso retweeted
Testosterone decline is blamed on aging. A new study analyzing nearly 5,000 men found age explains only 2.5% of testosterone variation. Body fat explains 18-20%. The difference matters clinically.
Researchers at the U.S. Army Research Institute of Environmental Medicine analyzed National Health and Nutrition Examination Survey data from 2011-2016. They included men aged 20 to 59 years with measured testosterone levels and body composition scans.
The goal was to separate what actually drives testosterone decline: chronological aging or the body fat accumulation that typically accompanies aging.
Key findings:
• Age alone explained only 2.5% of testosterone variation across men
• Total body fat percentage explained 18.2% of variation
• Visceral fat (belly fat surrounding organs) explained 18.4%
• Waist circumference explained 19.9%, slightly better than advanced imaging
• These patterns held across multiple testosterone thresholds (300, 250, 200, 150 ng/dL)
Think of this as explanatory power. If you only know a man's age, you can barely predict his testosterone level. If you know his waist circumference, you have 8 times more predictive information.
The study measured body composition using dual-energy X-ray absorptiometry, the same technology used for bone density scans. This provides precise measurements of total body fat percentage and visceral adipose tissue area.
Visceral fat is the metabolically active fat stored around your abdominal organs. It's distinct from subcutaneous fat, the fat you can pinch under your skin. Visceral fat drives metabolic dysfunction through multiple pathways.
How does body fat suppress testosterone?
First, fat tissue contains aromatase, an enzyme that converts testosterone into estradiol. More fat means more conversion, lowering circulating testosterone.
Second, visceral fat promotes insulin resistance. Insulin resistance reduces production of sex hormone-binding globulin (SHBG) in the liver. SHBG is a protein that binds and transports testosterone in your blood. Lower SHBG means lower measured total testosterone.
Third, visceral fat releases inflammatory molecules that suppress the hypothalamic-pituitary-gonadal axis. This is the hormonal control system that signals your testes to produce testosterone. Chronic inflammation dampens this signaling.
The relationship is bidirectional. Body fat suppresses testosterone. Low testosterone promotes fat accumulation by reducing lipolysis (fat breakdown) and allowing increased fat cell development. This creates a reinforcing cycle.
Across every age group, men with testosterone below 300 ng/dL had substantially more body fat than men above that threshold.
For men aged 30-39:
• Low testosterone group: 30.3% body fat, 130.5 cm² visceral fat
• Normal testosterone group: 26.4% body fat, 94.6 cm² visceral fat
The body composition differences were larger and more consistent than age differences.
Testosterone levels declined from ages 20-29 to 40-49, then plateaued at 50-59. This plateau occurred despite continued increases in body fat, suggesting that the testosterone suppression threshold is crossed primarily during midlife rather than progressively with aging.
Waist circumference performed as well as advanced imaging for predicting testosterone levels. A waist circumference above 110-115 cm corresponds to visceral fat area above 300 cm², where predicted testosterone drops by more than 400 ng/dL compared to men with minimal visceral fat.
This has practical implications. Clinicians can use a tape measure instead of expensive body composition scans to assess obesity-related testosterone suppression.
The researchers also examined whether these associations persisted after accounting for SHBG. In models adjusted for SHBG, body fat remained inversely associated with testosterone. This indicates that fat suppresses testosterone both directly and through SHBG reduction.
As always, we have some limitations of this study. The study is cross-sectional, meaning it captures a snapshot in time rather than tracking individuals over years. Why does this matter? This prevents establishing whether fat accumulation causes testosterone decline or whether low testosterone drives fat gain.
The bidirectional nature of the relationship means both processes likely occur simultaneously, creating the reinforcing cycle described earlier.
NHANES measured testosterone once, without confirmatory testing. Clinical hypogonadism requires repeat measurements, symptom assessment, and evaluation of other hormones. These findings describe biochemical testosterone concentrations, not clinical diagnoses.
The study included only men aged 20-59 years. Findings may not apply to older men, where primary testicular aging may play a larger role independent of body composition.
What does this mean clinically?
Current guidelines recommend evaluating reversible causes before starting testosterone replacement therapy. In men with excess body fat, particularly visceral fat, addressing metabolic health and weight loss should be prioritized.
Weight loss studies, including trials of GLP-1 receptor agonists like semaglutide and liraglutide, show that reducing adiposity can increase endogenous testosterone production. This supports a functional, potentially reversible suppression rather than permanent testicular failure.
Experimental data reinforces this. Healthy lean men subjected to prolonged caloric restriction and high physical stress can experience testosterone decline to near-castrate levels, with rapid recovery upon refeeding. This demonstrates that testosterone suppression can represent an adaptive response to metabolic stress rather than irreversible dysfunction.
The proliferation of direct-to-consumer testosterone therapy platforms raises concerns about inappropriate prescribing. If low testosterone is attributed to inevitable aging rather than modifiable metabolic factors, men may receive lifelong androgen therapy when lifestyle interventions could restore endogenous production.
This matters for both individual health and population health. Testosterone therapy carries cardiovascular and behavioral risks. It suppresses natural production, creating dependence. If the underlying cause is reversible metabolic dysfunction, addressing that cause is preferable to pharmacologic replacement.
The framework matters. If testosterone decline during adulthood primarily reflects the metabolic burden of excess adiposity rather than intrinsic gonadal aging, then the decisions made about physical activity, diet, and body composition in your 30s and 40s shape your hormonal status in your 50s and 60s.
Body fat accumulation is not inevitable with aging. It reflects the cumulative balance between energy intake, expenditure, and metabolic health across decades. Maintaining lower body fat, particularly visceral fat, appears to preserve testosterone concentrations independent of chronological age.
The study provides a quantitative framework for understanding what drives testosterone variation in adult men. Chronological aging contributes minimally. Body composition, particularly visceral adiposity, explains substantially more variation and represents a modifiable target for intervention.
Sean Penso retweeted
This was a memo from Bear Stearns CEO on what he looks for when hiring people
Worth a read
Forgot Momentous calcium daily & Ancestral beef liver every other day.
Diet is ground beef, eggs, tomatoes, cucumbers, pumpkin/pistachio seeds, bananas, blueberries, raisins, broccoli sprouts (all organic) + veggie blend mentioned.
Freestyle lunch & dinner.
Replying to @SeanAPenso
The boring core I would not drop: multi, omega-3, zinc 15mg, turmeric, beetroot, 10g creatine, 3g HMB, 50g whey protein. I use Momentous on the multi, fish oil, zinc, & whey.
Almost 33. Lift 3x, swim 2x, walk 10k steps/day. People keep asking what I take. Honest list below, including the weird ones I cycle.
The part that probably matters more than the pills: a blender full of broccoli, cauliflower, mushroom, garlic, ginger, hibiscus. Ugly but easy. I stop arguing with myself about vegetables.

















