Sublime
An inspiration engine for ideas
I believe that long-term rates, e.g, 30-year rates, will rise further from here. As such, we remain short bonds through the ownership of swaptions.
The world is a structurally different place than it was. The peace dividend is no more. The long-term deflationary effects of outsourcing production to China are no more.... See more
Bill Ackmanx.com
Howard Marks just went on Bloomberg to share his views on Liberation Day.
Here are his insights on its economic impact and why he thinks US is still the best investment destination.
A thread 𧔠https://t.co/tqvDLGYwjJ
The End of The Beginning
aitkenadvisors.com
Good interview of Dan Sundheim by @collision: https://t.co/xTgSjf3NTi, featuring stock market performance (why does it outperform GDP?), irrational volatility aversion, and inflation hedges.
Patrick Collisonx.com
The most beautiful summary of the last 2 years of equity market activity by Howard Marks https://t.co/5Ma9Vcavwe
OpenAI had a significant lead from summer 2022 through spring 2024 when Google and Anthropic caught up to GPT-4. 7ish quarters of dominance as a result of being the first to aggressively bet on the traditional scaling âlawâ for pre-training.
Being first to reasoning with o1 only led to a few months of... See more
SUBSCALE IPOs
The Meritech team @MeritechCapital continues to put out some excellent analysis. This one is on IPO scale.
TLDR is that companies with less than $700m annualized revenue underperform after going public. Actually, not just underperform - they have NEGATIVE absolute returns. This... See more
