{"id":36993,"date":"2025-12-01T15:41:25","date_gmt":"2025-12-01T15:41:25","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=36993"},"modified":"2025-12-01T11:42:55","modified_gmt":"2025-12-01T15:42:55","slug":"algebra-on-day-1-55-days-of-gemini-three-at-sf-super-bowl-bcc-day-5-23-days-of-open-ai-ducking-bk","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/algebra-on-day-1-55-days-of-gemini-three-at-sf-super-bowl-bcc-day-5-23-days-of-open-ai-ducking-bk\/","title":{"rendered":"Algebra on Day 1 55 days of Gemini three at SF Super Bowl bcc Day 5 \u201c23 days of open AI ducking BK\u201d"},"content":{"rendered":"
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The Punchline<\/p>\n

People say Burry speaks in riddles.<\/p>\n

But tonight wasn\u2019t a riddle.<\/p>\n

It was a map.<\/p>\n

A foundation.<\/p>\n

A valuation model.<\/p>\n

A warning shot at every company hiding behind SBC\u2026<\/p>\n

A spotlight on the one company that isn\u2019t.<\/td>\n<\/tr>\n

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11\/30\/25, 10:02\u202fPM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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Chapter 1 to Chapter 14\u2019s an \u201cEaster Egg\u201d at <\/span>#ch1 to #ch14. Including #ch2 which\u2019s chapter 2 at my house in Napa California<\/span><\/div>\n

http:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/div>\n

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– This post wraps a thread linking Michael Burry’s “Tragic Algebra of Stock-Based Compensation” critique\u2014deriving a Gordon Growth Model variant (PV = CF\u2081 \/ (r \u2013 g)) to expose SBC dilution\u2014to GameStop as the rare company avoiding it, with FY2025 SBC at just $16M against $3.8B revenue.<\/div>\n
– Burry’s November 30, 2025, Substack post targets Nvidia’s $11B+ SBC since 2018 as eroding 50% of owner earnings via share inflation, contrasting firms like GameStop that shrink shares through buybacks without dilution.<\/div>\n
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– GameStop’s profile fits Burry’s ideal: $131M net income, zero debt, positive FCF, and a pivot to high-margin digital (e.g., PowerPacks, NFTs), suggesting market mispricing per the formula, especially after Burry’s recent GME reflections.<\/div>\n
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On 09-09-39, “What They Will NEVER Teach You at Stanford Business School” debuts at 300 w 44th St at New York Fashion Week’s front row
http:\/\/www.youtube.com\/watch?v=QXIaNZi3mHQ<\/span><\/span><\/div>\n

What A Super Model Can Teach a Harvard MBA About Credit www.slideshare.net\/larrychiang\/what-a-super-model-can-teach-a-harvard-mba-about-credit<\/a><\/span><\/p>\n

American Express hosts me mentoring you about FICO scores at New York Fashion Week
t.co\/inxTmZAj<\/a><\/span><\/p>\n

My video boils down 20,000 hours and moves you to the right on the entrepreneur bell curve 
http:\/\/www.youtube.com\/watch?v=eudADPfTWiE<\/span>
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Steve Jobs Texted me on 650-283-8008 in the same way that Mr Jobs called Bill Hewlett <\/span>https:\/\/x.com\/superSaiyanSkai\/status\/1941392367304761636\/video\/1<\/a><\/span><\/div>\n

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<\/span><\/div>\n
Larry Chiang<\/span><\/div>\n
Fund of Founders<\/div>\n
Founding Stanford EIR<\/div>\n
@duck9 alum, Deeply Understood Capital Credit Chinese Knowledge 9<\/div>\n
Solo Founder Uber API<\/div>\n
650-566-9600 Office<\/div>\n
650-566-9696 Direct<\/div>\n
Cell: 415-720-8500 <\/div>\n

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650-283-8008 (cell)<\/span><\/div>\n

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Editor of the widely syndicated “What They Don’t Teach at School”
whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a><\/span><\/p>\n

CNN Video Channel: ireport.cnn.com\/people\/larrychiang<\/a><\/span><\/p>\n

Read my last 10 X posts at www.X.com\/LarryChiang<\/a><\/span><\/p>\n

Author of #WTDTYASBS a NY Times Bestseller released 09-09-09 at #NYFW on a runway under the tents
whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/span><\/p>\n

www.fastcompany.com\/embed\/c0d4562ea2049<\/a><\/span><\/p>\n

52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
http:\/\/www.youtube.com\/watch?v=vDBY0GkI3-g<\/span><\/p>\n

Emergency swings and cutting deals as an 9 year old
http:\/\/www.youtube.com\/watch?v=OFGY7v9C4G0<\/span><\/p>\n

Hunter Pence shared thoughts before winning WORLD SERIES’ Game #7
http:\/\/www.youtube.com\/watch?v=usu0luYy9pw<\/span><\/span><\/p>\n


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