Alex Raffol
@Alex_Raffol
Chief Investment Officer at Family Office | Opinions are my own
When you say privates haven’t kept up with publics, you should really say privates haven’t kept up with the Mag 7. There are 493 other S&P companies that have barely gone anywhere. If you want to hold 7 stocks, go for it. PEVC v. R2000/S&P493 is a diff story. Source: Goldman
.@pmarca and @jaltma on the concentration of tech winners. “The S&P 500 is no longer the S&P 500. It’s like the S&P 492 and the S&P 8… 492 companies in the S&P that have no desire at all to really charge hard at the future, 8 are all in. And then I always say, you know,…
tech IPO market continues to show positive signals 💪🏼 (chart via Morgan Stanley)
Q: What is the state of the US tech IPO market? A: Healthy. Average return for last twenty = 54.7%. Six >100% (source: Morgan Stanley) Only 5 YTD. Will we see an uptick in 2H given strong reception/performance?
Peter Thiel: “At the extreme, optimism and pessimism are the same thing. If you’re extremely pessimistic, there’s nothing you can do. If you’re extremely optimistic, there’s nothing you need to do. Both extreme optimism and extreme pessimism converge on laziness.”
6/6 US exceptionalism has a specific and important meaning. What is US exceptionalism? U.S. exceptionalism, also known as American exceptionalism. This is the idea that the United States inherently differs from (and sometimes superior to) other nations due to its unique…
How the rise of new digital workers will lead to an unlimited age time.com/7178872/agents…
A single fairly unknown Dutch company makes maybe the most expensive and complex non-military device ($200M) that builds on 40 years of Physics and has a monopoly responsible for all AI advancement today. Here's the story of ASML, the company powering Moore's Law.. 1/9
🚨 Marc Andreessen breaks down why tech matters: "Tech is an issue that is as important as any other issue because it goes right to the heart of whether America is strong or not. If you think about what happened in the 20th century, America won for three reasons: because we were…
Now that the election is over, what should investors do with their portfolios? For most, just stick to the long-term plan. One area that could get a boost is PE / VC. I discuss these topics and more here: 1911trust.com/blog/2024/11/0…
The stock market bottomed 2 years ago Inflation peaked 2.5 years ago The unemployment rate has averaged 3.8% for the past 2 years Real GDP keeps growing at ~3% We need to stop arguing about what kind of landing we're gonna have We just had a soft landing. That was it
Why investing in innovation is a winning strategy for long-term investors 1911trust.com/blog/2024/10/1…
“The fastest way for management to destroy its credibility is to say employees come first and be seen putting them last. Better to not profess any values than to not live up to them.” Wisdom from Isadore Sharp, founder of Four Season
Starbucks fires former consultant CEO (19 years at Mckinsey) and replaces with industry vet (19 years F&B experience) — stock pops 20%+. Nike former consultant CEO retires (23 years at Bain, former CEO) and replaces with industry vet (20 years at Nike) — Nike pops 7%+.
Officially a blogger now... enjoy post #1 on investing lessons learned from working for Coach Belichick, and 5 key data points to watch in today's market. 1911trust.com/blog/2024/09/1…
I will never be one of the super rich so it won't impact me but here's some context: Amount a new 'wealth tax' might raise = $50 billion per year at high end (likely far less) Amount the U.S. throws away in Medicare fraud per year = $100 billion Amount of PPP loan fraud =…
None of these proposals come close to eliminating the deficit. If the effective tax rate for millionaires go back up to what it was in 2000, when Clinton balanced the budget, the additional tax revenue would be only $50 billion per year. We have a $2 trillion deficit in out years
This from @Downtown is fundamental to how I view the World and I hope you come along with me
Wal-Mart commentary on AI: “We're finding tangible ways to leverage Generative AI to improve the customer member and associate experience. We're leveraging data and large language models from others and building our own. One example is that we've used Generative AI to improve…
We're witnessing the 3rd largest VIX spike, the 2nd largest daily drop ever in the Nikkei, and Nvidia filling its gap. A few thoughts on the selloff. theirrelevantinvestor.com/p/thoughts-sel…
Peter Thiel on Pessimism. Absolute Gold. Optimism isn't enough to win, but pessimism is enough to lose.
The US stock market bottomed in Oct 2022 when inflation was still ~8% and ppl were screaming about the 1970s and stagflation Buying stocks when ppl are losing their minds is still an undefeated strategy