S63GENIE ENERGY · EARNINGS YIELD >23% ▲S56PAYCOM WORST-CASE IRR 19.18%S58SHILLER PE 39.5 ⚠ DOT-COM PEAK 40.0S65PICKENS → PHILLIPS '84 · +$89M / 18 DAYSS71WARRANT RULE · STRIKE AT DELTA 95+S59RETAINER TEST · $0/MO ON $4.5B RAISES68ARGENTINA 1YR SOVEREIGN ~40% YLDS69ECI RULE · PASSIVE 0% · ACTIVE 30% WITHHELDS41AVOIDING MISTAKES INCREASES RETURNSS49DISCOUNT RATE · 15% PUBLIC · 25%+ VENTURES20DILUTION PATH · 43% → 19% → BILLIONAIRES34OWN NOTHING, CONTROL EVERYTHINGS63GENIE ENERGY · EARNINGS YIELD >23% ▲S56PAYCOM WORST-CASE IRR 19.18%S58SHILLER PE 39.5 ⚠ DOT-COM PEAK 40.0S65PICKENS → PHILLIPS '84 · +$89M / 18 DAYSS71WARRANT RULE · STRIKE AT DELTA 95+S59RETAINER TEST · $0/MO ON $4.5B RAISES68ARGENTINA 1YR SOVEREIGN ~40% YLDS69ECI RULE · PASSIVE 0% · ACTIVE 30% WITHHELDS41AVOIDING MISTAKES INCREASES RETURNSS49DISCOUNT RATE · 15% PUBLIC · 25%+ VENTURES20DILUTION PATH · 43% → 19% → BILLIONAIRES34OWN NOTHING, CONTROL EVERYTHING