The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 222 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Morris: OpenAI and Anthropic Have Both Filed to Go Public
“OpenAI and Anthropic have both filed to go public next.”
Kuno: Cryotherapy enables rheumatoid arthritis patients to stop immunosuppressive drugs
“So we have people as an example with rheumatoid arthritis, and many of them were on immunosuppressive agents. You've heard about Humira and all these advertised, right? They bring your immune system down to manage the overreaction that causes this joint proble…”
Kuno: Umbilical cord stem cells recognize cancer cells and trigger apoptosis
“Umbilical cord stem cells are from newborns, from healthy c-section births. It's the birth tissue that usually gets discarded. Now, these cells don't have a fingerprint. They become your own cells to some extent, but they also recognize cancer cells, and they …”
Morris: Fed Minutes Show Majority Open to Raising Rates
“The May meeting minutes revealed that the majority of Fed officials now see the possibility of raising rates if the war continues and if inflation persists as a result of it.”
Morris: SpaceX Lost Over $4B in the Previous Quarter
“SpaceX lost over four billion dollars last quarter.”
Morris: SpaceX Is Raising Capital to Build AI Data Centers
“SpaceX is raising this money partly to build AI data centers and infrastructure.”
Mike Lazerow: Etched's AI Chip Is 10x Faster Than Nvidia's
“They just announced, you know, they raised five hundred million at a five billion dollar valuation. Significant orders, because their stuff is 10 times faster than NVIDIA's fastest, fastest chip. Half the cost, half the energy.”
Morris: US and Israel launched joint strikes on Iran, killing supreme leader
“February 28th, more than three weeks ago, the U.S. And Israel launched joint strikes on Iran. Operation Epic Fury. That's the actual US term for it. And they killed Iran's supreme leader and dozens of their senior military officials.”
Dr. Jonas Kuno: Low-dose naltrexone improves cancer outcomes by reducing inflammation
“One of the latest things in cancer research, which was interesting, there is a Microinflammatory environment that cancer cells need to thrive. They don't need oxygen. They like a low oxygen environment and they like an inflammatory environment. And so they're …”
Dr. Kuno: Preclinical Studies Show Ivermectin Triggers Cancer Cell Apoptosis
“There's a combination of what is it? Mabendazole and ivermectin, for example. Couldn't say that word like three years ago, you know, but again, this was something that predates COVID. It's been studied to treat cancer. Has some good mechanism where triggers ap…”
Morris: Institutional Investors Own Over 25% of Atlanta Housing Stock
“All you have to do is look at certain concentrated areas, and you look at a place like Atlanta, where more than 25% of the housing stock is owned by large institutional investors.”
Fifield: Landlords Can Remove Affordable Housing Designations by Moving Children In
“You can also use the Ellis act. And if you have your children that are living in this building, you can take affordable housing and make it market rate housing.”
David Bailey claims real estate prices have fallen to 2015 levels
“The last 10 years of appreciation as of today have been wiped out. We are back to prices that we haven't seen since 2015.”
David Bailey claims San Francisco has 78 new AI-driven billionaires
“There are currently 78 new billionaires in the city of San Francisco, all as a result of AI.”
O'Neill: California is withholding funds and suing cities defying RHNA mandates
“Now, the governor and the state are coming down on them, and they're not providing dollars, state dollars, to these municipalities if they don't update their arena update their housing elements. And they're in fact suing them in the court, the state AG, if the…”
O'Neill: California AB 130 exempts sub-85ft market-rate projects from CEQA
“They just passed an ordinance, I think it was last week, AB- one-thirty. AB- one-thirty gets rid of, removes CEQA completely. One does not even have to go through CEQA permitting or the CEQA clearance at all for projects that are market rate and under 85 feet …”
O'Neill: LA's Executive Directive 1 Enables Affordable Housing via Private Equity
“Executive director, order one in the city of Los Angeles for building a hundred percent affordable housing is magical. It's been through multiple iterations right now, but it's still a very, very Viable thing to build affordable housing, not with LIHTC or usin…”
Art stored in international freeports like Geneva avoids capital gains tax
“Artists considered immune from capital gains tax, okay? If you sell your shares in, in a stock, you're taxed. Sell your Picasso, untouchable. You go into another country, now you put it into Geneva into a Freeport, you're not taxed, and that's legit.”
Morris claims no losses across 25 years of real estate investing
“Having invested for more than 25 years and having never lost money in a real estate deal sounds absolutely incredible.”
Morris: Fed debate centers on rate hikes rather than cuts
“This week, the Federal Reserve meets, and for the first time in years, the live debate is not whether there's going to be a rate cut, but rather whether there's going to be a rate hike.”
Owen: Made $300,000 Net Profit Off A $500 Investment In Three Days
“I've had deals where I bought them and put 500 bucks into it and made 300 grand or net profit in less than three days.”
Morris: Proposed housing bill caps institutional buyers at 350 homes
“The actual truth of it is large institutional investors, the Wall Street players who already own 350 or more single-family homes would be barred from buying more single-family homes. So if they had a thousand Doesn't say you have to sell down to three 50. It j…”
Morris: SpaceX IPO Raised $75B at a $2.2 Trillion Valuation
“SpaceX recently went public on the NASDAQ. With the ticker SPCX in the largest IPO in the history of the stock market. It was, the IPO was priced at a dollar 35, but the markets opened at a dollar 50 and closed at just over a dollar 60. That's almost 20% rise …”
Morris: Salesforce lost $158B in market valuation by March 2026
“Salesforce, which was 16 months ago worth three hundred and thirty seven billion dollars. Today in March 2026 is worth a hundred and seventy nine billion dollars. That's a hundred and fifty eight billion dollars worth of value erased.”
Morris: AI job creation is concentrating in secondary metropolitan markets
“AI related job creation, concentrating in secondary Metros, not just San Francisco, LA, New York City.”
Paul Morris: DeepSeek Replicated OpenAI's AI for Just $26 Million
“Open AI took so many years and billions of dollars to create this and then deep seek, you know, yeah. Oh, we see how you did it, and you know, twenty six million dollars, six months later, you've got something not as good, but, you know, and so on and so on.”
Morris: Persian Gulf oil production is down at least 10M barrels daily
“All combined Gulf oil production is down at least ten million barrels per day as of mid-March.”
Morris: Data center rents are up 50% since 2022
“Data centers, rents are up 50% since 2022. No other real estate sector is anywhere close.”
Baucom: Fine art has beaten the S&P 500 over 25 years
“So with me, I found art is the safest way to do that because as you know, art has beat the S and P 500 for the last 25 years as well.”
Baucom: Fine art values are completely uncorrelated with public markets
“Not at all correlated. So it is your alpha.”
Baucom: Art fund sees immediate 20-30% value bumps before capital deployment
“A lot of the pieces when we buy them, we immediately, because we have that information, They'll immediately be bumped up by 20, 30%. And that's just even before we've even deployed the capital out to whoever we're buying it from. So we usually will buy in that…”
Dr. Kuno: Cancer Cells Rely on Fermentation Due to Mitochondrial Dysfunction
“And when you look at cancer cells, they have malfunctioning mitochondria. The mitochondria can't do this elaborate Citric acid cycle where they take sugar and makes 36 ATP per molecule. They can only ferment. It's a very primitive way of energy production, two…”
Morris: 98% of prostate cancer cases are indolent and non-lethal
“98% of prostate cancer is what is referred to as indolent, which means it essentially will not kill you.”
Morris: US Lacks Broad Guardrails Against Foreign Real Estate Ownership
“The narrow restrictions are only around military bases where, where it could be potentially sensitive for national security, but there is no ban and no regulation in terms of keeping Americans wealth in real estate in America and keeping the ownership of real …”
Paul Morris: Insider Trading Is Entirely Legal in Real Estate
“You can absolutely trade on insider information in real estate.”
Morris: Has Invested in Real Estate for 30 Years Without Losing Money
“I've invested in real estate for 30 years. I've never lost money on a deal.”
Kahlo: Ground-up real estate developments deliver at least 70% annualized returns
“Cash on cash, they are at least in the 70% annualized cash on cash. On a development deal, ground up construction, at least 70% on your money. But a hundred percent, doubling your money, a hundred percent return is not unheard of. There is a lot of projects ou…”
Kahlo: Broad stock market returns are much lower than the S&P 500
“So if you want to compare it fairly, look at the stock market as a whole. Maybe take up, you know, pin sheets and all that stuff that, that are listed on the NASDAQ, S&P, and everything, and then compare it to a real estate market. I guarantee that to you that…”
Morris: 91% of active stock fund managers underperform over 20 years
“And the real numbers are that over a 20 year, over a 20 year period of time, including the biggest funds and the ones that have really professional stock pickers, active investors over a 21 year, over a 20 year period, 91% underperformed.”
Kahlo: Rental property yields are definitely higher than stock dividends
“There is no way that If you look at the percentages, what you're collecting on your rent, what your rental income is, and if you measure it against the money that you put out, the percentage of dividend, if you want to call it, you're getting from a rental is …”
Scordo: Palm Springs seeks to cut vacation rental caps to 26 annually
“They're actually trying to lower the number of contracts you can have a year to 26 for even the people who are grandfathered in. It's a long, so, but I don't even hit, right now we're at 36”
Stepp: Lenders Cap Commercial Real Estate Leverage at 50%
“Nobody's getting more than 50% loan. On anything. Underwriting.”
David Bailey says Bird Streets luxury developers now lose $5M-$7M per house
“The metrics on those homes were that the developers were generally making between five and seven million a house, and now the entire opposite is true. They're losing between five and seven million a house.”
Morris secured his deeply discounted luxury home on the open market.
“That's the myth. Because I did not buy the house. It was not off market. It was on the market.”
O'Neill: California SB 1123 permits 10 homes by-right on R-1 parcels
“Our SB-Eleven-Twenty-Three which allows for 10 homes even on an R-One site or other multi-family sites. By right, ministerial. Ministerial means you don't have to go through any planning you don't have to go through any political type of process. You don't hav…”
Morris: Real estate returns matched the stock market's recent massive run
“I definitely missed a great run, for sure. I know I did just as well with my real estate investments in my self-directed IRA.”
Morris says immediately cash-flowing value-add properties do not exist in LA
“You're not going to find a value add property. And that's my third rule is value add. We'll get to that next, but you're not going to find, you're not going to find a value added property. That's going to cashflow in Los Angeles period.”