Sublime
An inspiration engine for ideas
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 🧵 https://t.co/tqvDLGYwjJ
Mark Leonard's commentary on Veeva Systems. "Penetrate the market with a low-cost strategy, reduce your COGS and then build a moat. We see very few of these". $VEEV $CSU https://t.co/L9a1p8myex
This man knows the market.
He predicted:
1) Dot-com Bubble (2000)
2) Great Recession (2008)
3) The COVID Bubble (2021)
Howard Marks just went on Bloomberg and said "tariffs are changing everything."
Here is his latest... See more
There are some important changes underfoot in private markets:
1. Returns are compressing - few funds are able to consistently achieve the necessary spread over the risk-free rate to justify fees and illiquidity.
2. LPs are segregating bi-modally: 1) a growing group of smaller family... See more
Chamath Palihapitiyax.com
Analyzing the unit economics of a low-cost gym, contrasting bull vs. bear cases on maintenance capex and returns.
TRANSCRIPT
Yeah, so their goal is to get 30% return on investment capital for all gems. And their average build out ends up being about 1.3 million per gym. It depends a little bit because of whether, obviously, square footage can be different. It can be different like city versus countryside because they are expanding in like the countryside, smaller
... See moreAmazing pod. I learned/confirmed more about US elite discourse than in any other 90 min.
Key parts
- “You have to be a Democrat to be a good person” -> Dems were a pro business party, you make your money then you do philanthropy, that was the social contract
- Business... See more
Prakash (Ate-a-Pi)x.comGood 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