Sublime

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

Cliché Munger Quote: “I read Barron's for 50 years. In 50 years I found one investment opportunity in Barron's out of which I made about $80 million with almost no risk.” I don’t know if all of these are <1k but they all put out incredible work, whether that’s through skill in reading the market or just having unique... See more

Parag Parikh's lecture series on Behavioural Finance is a gold mine for young investors. It's unfortunate that he isn't any more. https://t.co/NqXx0ViHBx

There's a gentleman who manages a $115 million aum fund with annualized returns of 35% (before fees) since inception. And he wrote a 3,150-word letter for those who dream of compounding their money at 20-25% per year over the course of their careers. 1. Your chance of becoming a great... See more