Sublime
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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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Analyzing the unit economics of a low-cost gym, contrasting the bull case returns with the bear case on maintenance capex.
TRANSCRIPT
Yeah, so their goal is to get a 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
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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
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The speaker explains why investing in unconventional 'weirdos' yields the best results and how strong initial reactions are signals to lean in.
TRANSCRIPT
We knew that then I was like, but that dude just sounds so unlike any other dude I've ever heard about. Go back there And and and I was like and all the things you talking about were not toxic They were just fucking weird Right Right I don want to invest in like sociopaths
And so sometimes you end up with them and you like oh fuck I misread these
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