RICH DAD said “Bull Markets make stupid investors look smart. Bear Markets turn the stupid investors into losers and smart investors into winners.”Markets are crashing. Time for smart investors to become very rich winners. Take care

This week in enterprise software: Top 10 #SaaS #Cloud multiples as of today's market close. The median multiple fell below 5x at market close for the first time since 2016 (when it briefly fell below 5x)

New post buckonsoftware.substack.com/p/the-software…

Announcing a $40M “fundraising” round that is only 5% primary is beyond the pale. Let’s be clear: the implication of a $40M round is $40M to drive growth. Sadly, it’s become commonplace to blend some secondary into the headline number but that needs to be within limits. The

Investor Stanley Druckenmiller on Bidenomics: "If I were a professor, I'd give them an 'F'."

These two photographs are separated by only 66 years.

MOODY'S REPORT ON DISTRESS IN PRIVATE EQUITY LAND | A MUST READ As a former restructuring analyst and current private equity associate, this is the most interesting thing I have read in a long time. Excited to dive in —→ 1) Large-Cap Private Equity Recent Defaults 2) PE firms

Cognition has signed a definitive agreement to acquire Windsurf. The acquisition includes Windsurf’s IP, product, trademark and brand, and strong business. Above all, it includes Windsurf’s world-class people, whom we’re privileged to welcome to our team. We are also honoring

Who is a bona fide medium-to-long-term competitor to $NVDA? I understand what $AMD is bringing to lunch +China needs to find their own thing now, but having trouble imagining a scenario where you could realistically unseat the king at this point

Chatting tonight with leading AI model about noteworthy business practices over the past few years. Notice, I mention no company names nor any industries. Wanted to leverage AI to get "most intelligent" view of the situation. chatgpt.com/share/68e32b5d…

What would this look like if it were run "for profit"? Get it?

This chart is so insane it looks fake. Huge businesses (plural) will be built on top of this chart.

We just added $1T to the national debt in 2 months with public debt / GDP just shy of 119%. I understand incentives matter but so does character (doing the right thing despite it being unpopular or hard). Adult decisions need to be made -or- we'll simply confront the arithmetic

Hot takes: 1) smart move by IBM, will take big M&A to be relevant in AI era 2) worlds of data infra and AI infra merging 3) truly the end of the Modern Data Stack era

Deep value stocks are not equally distributed globally: Europe today accounts for 1/3 of the global opportunity set. Japan is 1/4, South Korea is 15%, EM 18% and the US & Canada only 11%.

Yeah I’m thinking it’s time to sell

Hello. We recently hired Jude Law to be the face of our brand. So, moving forward, we would prefer that you associate him with precise drafting, seamless collaboration and the ability to analyze thousands of legal documents simultaneously. In line with his contract, something