Sublime
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Thoughts on Private Equity
tldr; Private Equity funds use highly optimistic assumptions. They only make their investors money when interest rates decline - like big, illiquid, leveraged shorts on Treasuries. It's gonna get ugly this decade with rising rates. Most people don't understand this. (excerpted from our 2023 S... See more
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Please tell me you're not prisoner of the GOLD-moment.
Go ahead, I'm all ears👂👂; better hope you're all eyes 👀! 👇👇👇
$SPX $SPY $ES_F $GLD $BTC $IWM $NYA $QQQ $VOO https://t.co/XrJka7BtHh
Use transparency to help enforce justice.
Ray Dalio • Principles: Life and Work
Wealth Management
Anthony Fiedler • 1 card
Michael Burry's (@michaeljburry) Investment Strategy One-Pager
- Buy roadkill
- Sell when roadkill's been polished
- Care little about general market
- Focus on FCF & Enterprise Value
- Invest in Rare ... See more
I buy high earnings yield stocks, hoping for a lift from mean reversion and knowing that slow growth is likely to reduce returns. As long as the business doesn’t go splat, and generates cash that it doesn’t fritter away, I’m happy. For a longer-term investor, many risks and uncertainties, especially of the macro and industry sort, are best consider
... See moreJoel Tillinghast • Big Money Thinks Small: Biases, Blind Spots, and Smarter Investing (Columbia Business School Publishing)
