We reserve the right to refuse service to anyone, and we refuse service to @AndrewTWalker@albertmohler and @SBTS for their fucking lunacy related to American politics and culture.
The Socialist sweep in NYC last night is a cause for deep spiritual lament. Post-Christian societies will enact post-Christian political economies wherein officials become Czars, citizens become clients, and cultures deteriorate into ugliness and grievance.
@SpeyWrestle@caseysstores Step mom trying to order a pizza for past 30 minutes online, Finally calls the store then ai takes over. Why can’t she just call, tell a human the order? Looks like we’ll be eating elsewhere. Osage ia
This is going too far @caseysstores what a crock!
I buy ~$22 worth of stuff and pay with $100
Employee rolls eyes "idk if I have change"
Keeps whining as I take all $78 in the till
I remember dad paying with hundo's in the 90's. No problem! Put some money in the frickin' till
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