gregkero

Father. Husband. Coach. Founder of A Street Investments. Private credit. Venture capital. Safety first.

Tweets are not advice.

[gregkero @gregkero]

@BobEUnlimited Let the cake bake

[gregkero @gregkero]

@BobEUnlimited Not too early to make observations, but way too early to make a call

[gregkero @gregkero]

He has absolutely lost it

[Jeffrey Gundlach @TruthGundlach]

Say private credit fund X owns loan A marked at 100 & private credit fund Y owns loan B marked at 100, but both X&Y know A&B are really worth 65. So X&Y agree to trade “in and out of loans”. X buys B from Y & Y buys A from X, both at a price of 100 & say “See? NAV’s solid!”

[Barstool Texas State @BarstoolTXST]

‼️THE MAYOR OF SLAM MARCOS SENDS THE TROJANS TO THE LOSERS BRACKET AS THE CATS ADVANCE TO PLAY A&M TOMORROW NIGHT‼️

[gregkero @gregkero]

Insane

[Bespoke @bespokeinvest]

UPDATE:

Nasdaq at 875 trading days after the release of Netscape on 12/19/94: +144.55%.

Nasdaq at 875 trading days after the release of ChatGPT on 11/30/22: +144.77%.

Past performance is no guarantee of future results!

[gregkero @gregkero]

Completely unsustainable

[Peter Mallouk @PeterMallouk]

Nearly $27,000 a year for family health insurance premiums, up from $6,000 in 1999.
And that’s before deductibles, copays, and surprise bills.
The system is fundamentally broken.

[gregkero @gregkero]

@BobEUnlimited @LynAldenContact Hard to get meaning from aggregates. Need to understand wage growth for the part of labor force where most spending is non discretionary

[gregkero @gregkero]

@BobEUnlimited @timztweet44 Was your 'no manager outperformance' comment only addressing long only equities?

[gregkero @gregkero]

@MsMelChen @goneflyin @Nowooski Nah. If you include the money they made in real estate, and money they spent from REFIs and HELOCs leading up to the GFC, the crisis was net positive for middle class.

[gregkero @gregkero]

@RohitPaulK @DavidSacks Now expand it 10 years.....the bump you're showing may be the anomaly

[gregkero @gregkero]

@AlanFournier @LeadingEdgeTLE @TomLeeTracker And those that buy most likely sell something to do it. Headwind to market

[gregkero @gregkero]

@FCNightingale Distressed transactions that you use the platform to highlight are not new or unusual. Many seeing this may not know this. Can you provide historical perspective to compare the current environment to prior cycles?

[gregkero @gregkero]

@chriscbim @BobEUnlimited You can construct a portfolio of uncorrelated high vol hedge funds, add an overlay hedge at fund level and result in a low vol return stream that is a great compounder.

[gregkero @gregkero]

@GunjanJS @Gallup Because for most, it is the largest investment, so they see material outcomes, and they don't buy stocks levered 10 or 20 to 1!

[gregkero @gregkero]

@strategeristic @DavidSacks @grok What is your logic? Why not have every profitable company pay every bill of every citizen?

[gregkero @gregkero]

@Abhishek_IN8 @Zane1968 @SBoviis @MetamateDaz No full time Starbucks worker is making $14 grand. Part time gigs. And apparently they are doing this by choice so Starbucks is providing an option better than any other to these individuals.

[Peter Mallouk @PeterMallouk]

“There are two ways to enslave a country. One is by the sword. The other is by debt.” – John Adams

[Mark Cuban @mcuban]

I’m coming to the conclusion that the biggest challenge for Enterprise AI, and AI in general , as of now, is that it’s still impossible to make sure that everyone gets the same answer to the same question, every time.

Which is a great response to the doomers. AI doesn’t know the consequences of its output.

Judgement and the ability to challenge AI output is becoming increasingly necessary, and valuable.

Which makes domain knowledge more valuable by the second.

Am I wrong ?

[gregkero @gregkero]

@GerberKawasaki These sweeping generalizations, "a lot"...."none"....."exactly"......just aren't accurate (although 'a lot' is open to all kinds of interpretations). Unless you're saying that private credit managers are providing strippers with loans to build portfolios of mid mkt companies

[gregkero @gregkero]

@myfirstmilpod This is not physics. It is NOT a certainty. You cannot say anything more than that this is what has happened in the past. Anything more is simply an informed forecast, an opinion with some basis