Julian Robertson called it quits in 2000 - But when he was asked about why he started tiger he remarked that administrative chores distracted from the money management - "Now we do it all day long, and it's fun" Wonder when it stopped being fun for Steve?

To better prep for this AMA, send any questions to [email protected] and see you at 1pm tomorrow (Friday October 4th) on youtube.com/@alixpasquet91…

When I started Third Point in 1995 I was lucky to scrape together $3mm from friends and multiple family members. After graduating college I had 6 jobs from VC to the music business, a small risk arb shop, 3 man PE/advisory boutique, to Jefferies bond analyst/salesman, Citi bond

This coming Friday at noon I am doing a Youtube Live on "supportive investment skills". There are skills you can develop, other than analysis or portfolio management, that can help improve your investing. Friday the 20th of December at noon. youtube.com/@alixpasquet91…

There is nothing that Mrs. Market loves to punish more than complexity and arrogance.

Had a banger tweet thread about the importance of rigorous 3 statement modeling in quantimental investing (face it, that’s what you do) but it didn’t save to drafts so I’ll give the TLDR In short, you (and certainly nor I) are not 50bps smart and model size ≠ intellectual heft

I think this flowchart works for A LOT more than just market prices 😜

Just finished The Humble Investor by Daniel Rasmussen (Dan Rasmussen). Astounding insights. Ending quote: “The best attitude towards a volatile and ever-changing market is that of a perpetual student.” Key lesson: Watch the High Yield Spread.

TIL - Formula 1 has a 100-Year commercial agreement with the FIA expiring 2110

A good partner both in business and in life makes things infinitely easier when things look rocky Blessed to have both

Eric Hoffer, evergreen

The more things change, the more they stay the same. Doing some research and found the old Nanotech Report from Josh Wolfe published in 2001 - I'm sure if I told you this was about AI discourse today you would believe me

If the medium is the message, then the medium through which you work matters just as much as the message you hope to deliver. In your career, this means you need to figure out (1) the mission you hope to achieve, and (2) the vehicle through which you’ll achieve it. You can

“Most of what’s happening in media is garbage. But that’s always been true. The trick is to find the thing that isn’t.” —Barry Diller

Very proud of the ideas I've been generating over on Substack. Am analysing returns from writeups over the last two years for an article and have been able to put up very good returns with some very off the beaten path ideas. Am hoping to keep it going with more free time.

As great as Nick Sleep’s letters are, and I’m a huge fan, I suspect nine out of ten investors would be better off incorporating some Zeckhauser into their thought process. hks.harvard.edu/publications/i…