"There are more important things in the world than money... it's not the only goal in life," says Stanford Management Company CEO Rob Wallace about choosing to work in endowment management.
Watch this episode of Wealth with David Rubenstein tonight at 9 pm ET https://t.co/VY5cebV3mE
BREAKING: SpaceX's $60 billion acquisition of Cursor minted 4 billionaires in their mid 20s.
Michael Truell, Sualeh Asif, Arvid Lunnemark and Aman Sanger all dropped out of MIT in 2022 and turned down Big Tech offers to build Cursor.
The co-founders are around 25-26 years old and each own about a 9% stake in Cursor worth around $5.5 billion apiece.
"I will hold my SpaceX shares forever," says Shaun Maguire of Sequoia, whose firm has a 1.5% stake in Musk's company.
He explains why https://t.co/mMUCmSa6P3
Lloyd Blankfein, former CEO of Goldman Sachs, broke down his entire personal trading setup:
portfolio: 98% risky assets. 75-90% single stocks. mostly big tech hyperscalers plus "second tier" names slightly below blue chip.
"i invest in risky assets. that's what's fun for me."
"do you have a team? oh, just me."
hardware: no computer. an iPad and a phone.
information source: texting and calling people.
"somebody will text me. i'll text them. then i'll get tired of tapping things out because of my fat fingers. so i just call people up."
frequency: trades every single day. multiple times.
"it's taking a lot of discipline not to look at my screen while i'm talking to you right now."
"some people listen to music. to me, the market is like music. it's out there. it's going on."
has he outperformed the market? "yes, i have for a while. it's because of where i focused, tech, energy, and financial services. i know a lot about financial services having been in financial services."
the former CEO of Goldman Sachs. manages his own money. on an iPad. alone. focused on three sectors he actually knows. and beats the market.
sometimes the edge isn't the model. it's 40 years of pattern recognition and a phone full of the right contacts.
Get this…
Ben Pearce, a Division III star guard from Emory University, had a pre-draft workout with the Washington Wizards this afternoon, per sources.
The 6-1 D3 Hoops National Player of the Year averaged 23.6 PTS, 7.2 AST, and 4.1 REB last season.
Drake took a shot at Anthony Edwards in Nike’s new ad for Kevin Durant’s Nike KD 19 😳😬
“‘Hey Ant-Man, can you drop your purple shoes,’ said four kids in Minnesota. Like no one wants to see those.”
It's Billy McFarland and welcome to my crib.
If any of my fans disguising themselves as haters are waking up on an island better than Turks and Caicos in a crib better than this, I'll cancel the festival and apply to McDonald's. You've got 24 hours.
Otherwise picking the person with the best comment about why you've always wanted to go to Turks to come stay with me for the festival this weekend.
See you on the island
Kabrhel and Zamani Come to Blows
We’re down to the final three tables in the $10,000 Super Turbo Bounty, and @martin_zamani has had enough of @martinkabrhell 's tanking.
In the middle of a big pot, tensions boil over and the two get into a heated exchange!
What’s better than a rare Super Delta formation featuring the Thunderbirds and the @USNavy Blue Angels over Washington, D.C.?
Watching it from four different views for #UFCWhiteHouse as part of #Freedom250. 🇺🇸