Crazy how confident @MartinShkreli comes off as given he’s never held a serious investment related job at any respectable financial institution. He sounds like an idiot on a lot of topics. Probs a matter of distribution as most pros aren’t focused on entertainment/content
Following a period of depressed PE returns and private credit redemptions... Seems like an odd time to pitch this but they have to because they need the money to feed OpenAI and Anthropic or everything fails. These private side guys are shameless
Watching the Nvidia/Blackstone/Blackrock/Goldman/Apollo/KKR/Brookfield AI sales pitch and wow they are pulling out all the stops. Assembled the Avengers to pitch securitized GPUs LOL. Shouldn't be too much longer from here #atthetights
@jbulltard1 I agree there are a lot of questions about Tesla and Waymo and their "autonomous" products but I wouldn't doubt Shanahan is lying here to make this look less bad
@estill01@beffjezos What makes you think that? It’s completely untrue… and again that type of investment doesn’t align with the performance metrics you are trying to achieve at a hedge fund…
@estill01@beffjezos You thought wrong… you’re getting paid 2/20 to drive specific performance metrics which sitting in an illiquid private anthopic stake fails to do… that’s not the point or goal of a hedge fund
@estill01@beffjezos His public book got liquidated… he’s up on his illiquid investment in anthropic… that’s not the idea behind paying 2/20 for hedge fund exposure
@beffjezos 100%, hopefully the entire rationalist movement is body slammed back to hell where it came from here soon, and maybe that’s why they want to pause the AI research, they finally broke free from the rational structures and figured out they’re all full of shit
@dannycantalk@beffjezos I guess but it’s really about him and most of these types of people just not being as smart as they think they are… there are people that beat the markets using various strategies just not doing the silliness this kid was doing which was very obviously dumb
@itchy_est@beffjezos What’s your point? If he wasn’t levered no one would be talking about him because his gains wouldn’t have been what they were…. Works both ways