I didn’t realize I was writing the story of Rory’s Scottish Open win when I spent all of last night working on this.
Turns out I was https://t.co/quU88LGQ3R
Our confidence in the equity bull market and innovation’s place has increased as fears of long-term #inflation - which we believe will prove unfounded - have escalated. We see three powerful sources of #deflation evolving: good deflation, bad deflation, and cyclical deflation.
Buffett once said: “It’s not about timing the market, it’s about time in market.”
There should be a step down in capital gains tax for individuals as they hold stocks. 20% per year decrease in cap gains tax. 0% after a five year hold period.
Incentivize long term behavior.
Great summary of our IPO 2.0 platform progress to date:
3 IPMs (initial public mergers) completed
1 IPM in progress
$35.3B of total market cap created
Mean return +124%
Team is majority minority and women led.
There will be a viable third political party in the US by 2030.
Centrist, pragmatic and cuts through the bullshit.
The current system is so broken, you can only support it through a combination of willful blindness and stupidity.
Investing 101: Risk management is poorly understood and even more poorly applied.
Here’s a simple framework I use to manage risk.
Imagine a barbell - weights at either end with a thin bar in the middle. In my opinion, risk is best managed in this way.
Big News: $IPOB is merging with @Opendoor and will take them public. More than $1B is being invested to help Opendoor build a legacy company.
This is my next big 10x idea (memo attached).
Tune into @SquawkCNBC today at 8am ET to hear more.
💪🏽💪🏽
“Buybacks are the primary example of a growing strain of incompetence amongst CEOs and amongst boards,” Social Capital CEO Chamath Palihapitiya says. “And it’s where we need to start thinking about how the rules need to change.” https://t.co/dIbizumtqG