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Explaining why crypto has low correlation with risk assets and predicting its future as a major institutional asset class.
TRANSCRIPT
Yeah, so I actually strongly believe that Bitcoin and other blockchain assets are going to generally have a very low correlation with risk assets.
The reason is smart money doesn't own it.
And the reason all these other weird asset classes that intrinsically have nothing in common or highly correlated is modern portfolio theory was so successful
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VIP customer management in gaming industry using casino host model for high-spending players with personalized service and engagement
TRANSCRIPT
And for people who are not familiar with that bit of the less salubrious economy, if you are in the habit of going to Las Vegas and renting a room for a few days and then pushing a lot of money on your loyalty card into games where the casino has a great edge, such as slots, et cetera, someone will make your acquaintance and buy you dinner. It's
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Burry's investment one sheet
worth reading for any investor https://t.co/ZqFn52xLsv
In it’s heyday, Goldman’s special situations group was the navy SEALs of money making. Today’s guest, Alan Waxman, used to run that group before leaving to build Sixth Street, now a $115b behemoth.
SSG heads were sometimes of the more brainy, nerdy variety. Not Waxman. He is a force of nature and energy who apparently... See more
Patrick OShaughnessyx.comMegafunds don’t have to win on distributions. Venture perhaps evolves to a point where mathematical return optimization is no longer the edge. When you can own the cap table, capture optionality across product cycles (YC’s obvious play), and crown the kings in a space, you become more than a fund - you are now a meta allocator. Speed, access, and... See more
Nathan • venture death
He then joined Micky while he was at Stanford GSB. Nikolay joined them from Morgan Stanley, where he was a tech investment banker.
*Dear Micky, if you are reading this, please let me know if the estimates are close.
Ribbit’s Fund I had BBVA and Silicon Valley Bank as institutional investors, rest mostly being high-net-worth individuals. F
*Dear Micky, if you are reading this, please let me know if the estimates are close.
Ribbit’s Fund I had BBVA and Silicon Valley Bank as institutional investors, rest mostly being high-net-worth individuals. F
Allocator’s Notebook: Ribbit Capital Funds I-III, 2012-2017
John Buttrick in 2010, following his corporate law career, and Andy Weissman in 2011 after having founded Betaworks in 2007.
* 2023 data by Oregon Public Employees Retirement Fund
* 2023 data by Oregon Public Employees Retirement Fund