JJ

Investor, Builder, Collector, Adventurer

[JJ @Whaler99_]

@carm1nee @grok what is the date of the Drukenmiller interview?

[JJ @Whaler99_]

@shaneparrish @zynga Great Interview!

[JJ @Whaler99_]

@saso_capital market needed a breatheR. Vera Rubin news reflects realities of not enough memory - arguably bullish aspects to that - kospi and Hynix/Samsung are all offshoots of the same sell-off … Avgo is being blamed by the media but either markets know something or it’s a regular breather

[JJ @Whaler99_]

@leevalueroach what is your 1, 3, and 5 YEAR CAGR? Are you raising money?

[Patrick OShaughnessy @patrick_oshag]

My conversation with @DanielSLoeb1, his first ever podcast and one I've been wanting to do for years.

Dan started Third Point in 1995 with $3 million. Today the firm manages over $24 billion across equities, credit, venture, and insurance.

Along the way he wrote some of the most iconic activist letters.

We discuss:
- Why deep value stopped working
- The power of writing
- The Twitter and XAI credit trades
- Lessons from FTX and Danaher
- The Sony and Sotheby's stories
- What makes a great analyst today
- The importance of kindness

I feel lucky we all get to learn from one of the greats.

Enjoy!

Timestamps:
0:00 Intro
2:48 Macro Views and Tech Trends
5:13 The Roots of Third Point
10:30 Evolving to Quality and Thematic Investing
19:07 Market Psychology and Inefficiencies
24:10 Good and Bad Corporate Governance
29:19 Activism
31:23 Sotheby's
41:37 AI
44:28 Sony
52:50 Danaher's Operating System
56:31 Building an Insurance Business
59:25 FTX
1:05:17 What Makes a Great Analyst Today
1:07:24 The Next Decade
1:10:00 Kindest Thing

[JJ @Whaler99_]

@burrito_capital @girdley Worse than NJ or New York tho?

[JJ @Whaler99_]

@InvestingCanons @grok what is the date of this interview?

[JJ @Whaler99_]

@SolSt1ne Great video thanks. Is there a you tube link for the round table interview you can share?

[JJ @Whaler99_]

@michaelsikand Hood’s founders seem to have a broader vision than IBKR’s

[JJ @Whaler99_]

@foundmyfitness What about eliminating tea bags?

[JJ @Whaler99_]

@wolfejosh @citrini @GavinSBaker @wolfejosh was pounding on the table on Hynix almost 2 years ago ...

[JJ @Whaler99_]

@ekwufinance Please explain the crisis you are referring to?

[JJ @Whaler99_]

@wolfejosh @LTwolfe Great call on Hynix, has generated windfall gains for me

[JJ @Whaler99_]

@wolfejosh Are you calling the top? What about your Hynix call?

[JJ @Whaler99_]

@Midnight_Captl please explain why you think memory has less leverage?

[JJ @Whaler99_]

@AlexFinn is just using Hermes a potential solution or is it always Hermes and Open Claw?

[JJ @Whaler99_]

@MarcosMillaYT Best exposure is levering at 117% on DRAM, if you have a 5-6% cost of margin your all in annual cost including mgmt fee is less than 100 Bips and you get pure memory exposure. EWY is only low 50s% memory and there is an adjacent currency bet.

[JJ @Whaler99_]

@Sam_Badawi Why have these lagged LTM?

[JJ @Whaler99_]

@michaelsikand @joinautopilot need to own hynix and samsung standalone - EWY and DRAM have performance major drag.