Extremely well said! I know which type of risk I want to take…

Well said. A strategy I'm interested in as a VC is targeting high performing "orphan" companies where their investors have left their firms.

Interesting and true. Currently reading Byrne Hobart's book "Boom: Bubbles and the End of Stagnation" which talks about this phenomenon.

Back in 2010, my college roommate called his smartphone a "god machine". Not sure how to even describe what's happening now with the latest LLMs... If GDP isn't showing MASSIVE inflections in productivity, then GDP is fake.

Omg…

Interesting takeaway from Dan Wang’s Breakneck: Rather than build out Western-style welfare schemes (with the usual moral hazard/perverse incentives), China has historically funneled resources into infrastructure and productive capacity that lift the whole system. A compelling

Very interesting.

I like to poke fun at my buddies across the Atlantic, but the truth is the world’s next great online marketplace is being built in Europe. @Vinted is accelerating through €10B GMV and €1B revenue this year while highly profitable, and the U.S. is next. FJ Labs and OLX alum

Congrats Alex Stauffer and team! Winners win

Fun thread!

It's so crazy that Ramp can do a side quest and one-shot a dozen hyped AI fintech startups (sadly not an investor...ugh...)

Inspired by sam lessin 🏴‍☠️’s feedback for Harvard… MUHA (Make Universities Hard Again)! This restores the signaling value of a college degree for employers. Instead, students are victims of a debt-fueled Red Queen’s Race where they have to go deeper into “education” to signal

Numerai has been one of our favorite / most interesting investments. A hedge fund build on top of the world’s biggest data science tournament! Congrats to Richard Craib and team on the continued process.

Well said!

I thought this piece was EXCELLENT.

Courtesy of the INCREDIBLE Nano Banana Pro, the TLDR infographic below:

Quoting sam lessin 🏴‍☠️ from his great newsletter, this advice to young people is SUPER important: "Only put things in email you are willing to put on the front page of the WSJ… or say ‘your honor’ to… But if there was one lesson this week, it was …. No seriously — don’t put things

Pretty incredible to see how far Acquired Podcast has come, great read from Harvard Business School - 2021: $100k presenting sponsor, $40k mid-roll - 2025: $1.5M presenting sponsor, $1M mid-roll Absolutely wild growth, inspiring story Ben Gilbert & David Rosenthal.

Loved this so much growing up

Love this. Munger was truly the GOAT.