Insurance companies in 2015: “We only buy investment grade bonds” Insurance companies in 2025: “Actually let’s put 43% in private credit and see what happens”

You already know what I'm about to say. Golden age of private credit: Carwash rollup PC lenders never revalued marks while effectively in default for ~10 months before filing only 60 days after being marked in the 90s edition Tell me again about the default stats for BSL vs PC

"The Desire to Conform" by Alex Karp, co-founder & CEO of Palantir

Credit analyst watching the ABS market happily refinance their most distressed corporate borrower

Never Bet Against the United States? If you’d said that in the 1930s or 1970s, it wouldn’t have resonated. Should it now? I’m not sure anymore. Let me explain. The past three months have marked a decisive shift away from American exceptionalism. Just late last year, many

“There are so many firms that want to do this, and there is limited capital.” It is getting tougher in private equity land. wsj.com/finance/invest…

"Good GTM can actually 'hide' bad product-market fit for a while and GTM is expensive...it's far more expensive than R&D." Such a great conversation with Henry Ward on the a16z pod. So many valuable startup building & scaling lessons to absorb. podcasts.apple.com/us/podcast/wha…

Everyone is missing the real story here. Google just passed Microsoft for the first time since the OpenAI partnership launched, and the market is finally repricing what actually matters in AI infrastructure. Microsoft went all-in on external dependencies. They pay OpenAI for

Very good read. How banks fuel the private credit boom giftarticle.ft.com/giftarticle/ac… via Financial Times

Long $GOOGL / Short $META

أكبر كذبة صدقها السوق أن سبب التسريحات المتتالية حاليا هو الذكاء الاصطناعي بينما الحقيقة أنه بمثابة قميص يوسف استغل للتعمية على تصحيح خطأ الإفراط في التوظيف الذي حدث خلال حقبة الفائدة الصفرية. إن كان هناك تأثير سلبي للذكاء الاصطناعي على الوظائف التقنية فسيتطلب ظهوره وقت أطول

"The difference is that while YouTube and Instagram have thrived under new owners, eBay couldn’t unlock the potential in PayPal. The online auction co. tried — and failed — to weld together a suite of services around commerce, payments and communications." giftarticle.ft.com/giftarticle/ac…

The Brand Age paulgraham.com/brandage.html

From pipe dreams to reality, its worth highlighting how global investors BlackRock, Brookfield, KKR and others now own big stakes in Gulf energy pipelines. 🛢️💵 #OOTT Given the US-Israel war, some may stand to make even greater returns...

Arrange the debt with DCM desk, sell CDS with another desk. How can you lose money....

الرئيس التنفيذي لشركة ميار كابيتال عبد العزيز النعيم: 📌 في هذه الحرب لا يوجد ملاذات آمنة مثل الذهب والين والفرنك بسبب التراجعات الجماعية واللجوء إليها لم ينفع هذه المرة 📌 يمكن استغلال بعض الفرص التي تراجعت بشكل كبير مثل شركات البرمجيات والأسهم الصناعية الأوروبية والأسهم

دخول شركات التقنية المالية في مجال تمويل القطاع الصناعي بشكل اكبر سوف يساهم في تقليل الفجوة التمويلة للمنشأت الصغيرة والمتوسطة والتي تبلغ حوالي 300 مليار ريال #الاسهم_السعودية #صناعة

You have no experience. You’ve never started a company. You’ve never had a full time job. Nike is going to kill you. You’re a kid. You don’t have technical skills. You shouldn’t build hardware. Apple is going to kill you. You can’t build hardware. You can’t measure heart