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BLOOMBERG ARTICLE ON SYSTEMIC RISK FROM PODS
Some interesting points in this Bloomberg article on multi-manager funds.
A couple points stood out to me, and there were a couple points I would add. What stood out:
1) PODS ARE BIG. 30% of HF GMV per GS report (does... See more
Borrowing $10B against chips you are renting to Microsoft is one thing. Borrowing $10B against chips you are renting to Mistral and Black Forest Labs seems like something else. https://t.co/9JlPGZRRv1
đ¨đ¨đ¨ POD UP!
travis kalanick (@travisk) and keith rabois (@rabois) fill in for sacks and friedberg!
-- grok 4 launch wows
-- learning "the bitter lesson" in ai
-- ai-native browsers: hail mary, waste of time, or killer... See more
The All-In Podcastx.comShe said much of the finance industry has too narrow a view of its strategy and goals. It often becomes a short-term, almost zero-sum game with many investors focused only on small relative gains won against each other.
W. Brian Arthur ⢠Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
CEO @Endeavor & @TKOGrp Ariel Emanuel shares his outlook on the media landscape with @Lucas_Shaw,
"I would not put my money at Paramount, there's going to be rough times at Fox,"
#BloombergScreentime https://t.co/o66WtHZN1P
Bloomberg Livex.comAre Facebook, Google, Apple and Amazon too powerful? Should they be broken up?
Jessica Lessin ⢠Larry Summers on Trumpâs âTragic Precedent,â TikTok and Regulation
As always, Buffett's annual letter to shareholders is a must read. A few thoughts and link to letter below.
He's compounded per share market value of Berkshire at 19.9% from 1965-2024 vs. 10.4% for the S&P 500. The power of compounding is evident in the cumulative return over that time period: 5,502,284% for Berkshire... See more
Radnor Capitalx.comBerggruen could be wrong most of the time and still end up stupendously right. A lot of things in business and investing work this way. Long tailsâthe farthest ends of a distribution of outcomesâhave tremendous influence in finance, where a small number of events can account for the majority of outcomes.
Morgan Housel ⢠The Psychology of Money: Timeless lessons on wealth, greed, and happiness
In order for investors to get interested, a $1B+ market is needed, but more aggressive entrepreneurs come with $5B-$10B+ markets, knowing that everyone else is $1B+. It is typically calculated by multiplying the number of potential customers by the amount each customer spends. In order to give credibility to the analysis, some might use third-party... See more