Allocator

Allocator at an endowment. Keeping myself anonymous for now.

[Allocator @AllocatorEnF]

@endowment_eddie VC: call San francisco ‘SF’
HF: call it portable alpha
Real assets: always want a higher portfolio allocation

[Allocator @AllocatorEnF]

@morganhousel @collabfund You can pass down money and opportunity.
But you can’t l pass down the values and experience that created them.

[Allocator @AllocatorEnF]

@RyanDetrick @awealthofcs Interesting. The number is likely much higher if you account for survivorship bias.

[Allocator @AllocatorEnF]

@dollarsanddata Give me a stock tip

[Allocator @AllocatorEnF]

@tferriss That’s right. One of the most important skills is to have a good filter (news, people, books, etc). The ability to say NO is invaluable.

[Allocator @AllocatorEnF]

@tseides 100-yr tine horizon is comprised 1yr 100 times…what happens over the short term, particularly investor’s behavior, matters over the long term.

[Allocator @AllocatorEnF]

@RealVision Ukraine…?

[Allocator @AllocatorEnF]

@MebFaber @CalPERS That's always the case when markets move rapidly in one direction... In some periods, lagged values work in your favor, whereas in other times, it works against you.

[Allocator @AllocatorEnF]

Note to my future self: watch out for people who scream cash is trash. I don’t see many of those people lately.

[Allocator @AllocatorEnF]

@OtterMarket I would differentiate between short and long term inflation. In the short term, companies experience a shock since it takes time to adjust operations/infrastructure to pass-through costs. Also, the cost of debt and equity rises as rates go up. In the long run, equities do fine.

[Allocator @AllocatorEnF]

@HighyieldHarry Look at CLO…leverage is 10x

[Allocator @AllocatorEnF]

@morganhousel Great observation. People forget that CYTD US equities were up +20% for the last two years

[Allocator @AllocatorEnF]

@elonmusk Will trump be allowed to join twitter again?

[Allocator @AllocatorEnF]

@JLCollinsNH 😂 true. $1 coming from Elon Musk is worth $1k. Like Jack Dorsey’s first tweet worth $3 million.

[Allocator @AllocatorEnF]

@InstAllocator Great comment. The world is an uncertain place. Sometimes we are more aware of it than in other times, but it doesn’t change the fact that it is always uncertain.

[Allocator @AllocatorEnF]

@AlanJLSmith “On average” is very tricky. Like the 6-ft Tall drowned giant who died crossing the river of 5-ft average depth.

[Allocator @AllocatorEnF]

@AlanJLSmith Because markets can decline and wipe you out. It’s very difficult to hold the S&P after a 30% decline, particularly if you consider that mkts most likely declined due a major crisis - covid, financial crisis, etc. Your approach is too naive and simplistic.

[Allocator @AllocatorEnF]

@RobinWigg This is ridiculous. The article should read *average* active manager underperformed. In the capital markets, being average is not good enough.

[Allocator @AllocatorEnF]

@StockJabber I think the biggest challenge is staying in the game long enough to recover. One BIG blow up is what cause funds to fail. Bill had a couple of misteps but can’t think of a trade where he lost +40% for the entire fund.

[Allocator @AllocatorEnF]

@morgenstern8989 Yes, but it is about enhancing battlefield effectiveness. It would be better if actual wars occurred in the metaverse..instead of actually killing people…☹️

[Allocator @AllocatorEnF]

What would be the impact of the metaverse in future wars?