Sublime
An inspiration engine for ideas
In my third update for 2020, I look at commodity, currency and collectible market movements during the year, with cryptos thrown in for good measure. As in 2008, the correlations across investment classes made it difficult to hide from risk. https://t.co/Aj8SOOgA2E... See more
Dismal sentiment in biotech markets recently. Easy to blame political volatility, rates, China, etc. Harder to look inward - stocks work when drugs work
Through 1Q25 to date, worst three-quarter stretch for the sector's Ph2/3 hit rate since ~2021, as tracked by Jefferies $XBI https://t.co/3rr8l8U3nJ
Heard from LPs this week - a consistent theme I hear from Endowment & Foundation investors: (a 🧵
1) E&Fs are underweight tech in public book b/c private exposure (PE/VC) is mostly tech. They have a desire to increase public tech exposure but....
Meghan Reynoldsx.comThe global economy has undergone a substantial change in the past few decades, with intangible investmentsnow dominating tangible ones. But our financial statements and traditional valuation techniques struggle tocapture these changes. Thoughtful investors go the extra step to understand what expectations are priced intoa stock and whether the comp... See more
Morgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation
BLOOMBERG'S MOAT & AI FOR FINANCE CO-PILOTS
Look around for a moment and you see an incredible amount of effort to build an "AI for finance" co-pilot. We are working to compile a comprehensive list of these tools: our list is over 50 and growing (we will release this soon), almost all with impressive teams of either for... See more
Brett Caughranx.comHeard from VC LPs this week
Topics that come up most often in LP convos these days:
- 12/31 valuations
- AI - who wins - incumbents or new?
- China - setup looks interesting
- seed/early VC - who are best hard to access funds
- cleante... See more
Meghan Reynoldsx.com🧵 A few observations on the current state of the public & private biotech markets (1/6)
https://t.co/jBKRWPKlvU
Andrew Dunnx.comAI Thought Leadership
Max Bernstein • 5 cards
