The most exciting thing I can imagine is opening the aperture of curiosity for others

We live in golden era of being able to see and learn about the world from amazing people

People like John Coogan Ben Gilbert David Rosenthal David Senra Jason Carman Cleo Abram and many more are

My conversation with Marc Lasry

Marc started Avenue Capital, owned the Bucks, and is investing in sports franchises in a fascinating way

He’s a legendary distressed investor

He is also clearly joyful and happy, not something I see often in this world

This was so fun

This is a note on our internal chat about a specific AI application company, but amazing how much it applies to almost every AI app company we see.

“Some thoughts

- the LLM / RAG thing seems undifferentiated and won’t last
- The data is everything, so mostly curious to know

Spring in New England is heaven

Our Art of Investing teacher today is Mitch Rales, one of the most iconic business builders and philanthropists of our time. Having cofounded Danaher Corporation 40 years ago alongside his brother and best friend, Steve, the Rales boys have strung together a track record of compounding that

A complete conversation with one of the living legends, on building Danaher.

What are some great new accounts to follow ?

“Chat is easiest way to demonstrate AI and worst way to use it” Jeremiah Lowin

Bring on the agent workflows

“There’s nothing I revile quite as much as a dilettante. I don’t like doing something to a mediocre level. It’s great to be 70, because you really get to preach with some authority: Get good at something. That’s it. Everything else is bullshit.”

gq.com/story/jerry-se…

What should be securitized that isn’t ?

🤌📖😍

Microsoft’s yearly data center spend for the next few years is more than that of the Apollo program (yes, adjusted for inflation)

I knew Gartner but never looked at $IT prior to this episode. My two cents:

- A willingness to conduct TAM math gets you paid
- Access (to analysts) is 2x+ the value of reports (evident on sell-side as well)
- B2B Wirecutter is a marketplace (if you squint a little)
- CEO coming

This Mauboussin and Gurley conversation does not disappoint.

One of my favorite parts was their discussion on the dangers of pattern recognition.

“There’s two error types. Only one of them matters. Missing the big one is all of the game.”

Today, we break down Gartner.

Gartner provides research for leaders at big companies.

It was founded in the late 70s by Gideon Gartner to advise businesses on IBM products.

Today, it services 18,000 clients who, on average, pay Gartner $225,000 a year.

Since 2004, the company

There are many fertile technology frontiers today ...but I think what is going on in biology is maybe the single most exciting.

The amount of incredibly talented people we've met just ATTACKING key technology problems is so exciting, and if successful the impact will be so

Two first ballot guests on the same pod finally

My conversation with Michael Mauboussin and Bill Gurley on all things investing

We cover:

- AI
- regulatory capture
- the different types of increasing returns to scale
- hardware
- capital markets
- working with extreme talent

Bunch more

Enjoy

joincolossus.com/episodes/82708…

They quickly get to the key issue within a handful of questions, it feels like being attacked by a shark if you're on the receiving end of it - the speed and precision are unexpected.

A former partner of David Boies described to me how you'd meet with him on an initial case &