David

Allocator

[David @proyandavid]

@ohcapideas @abroninvestor I think Exor will seed a private equity strategy at Lingotto. That is missing from strategies that are otherwise complementary.

[Ethan Kho @ethanrkho]

i asked an outstanding trader launching his own fund (on the pod soon) whether reading fiction has any utility for investing.

his answer: "fiction trains imagination. and imagination is what lets you see tsla in 2013."

very few people actually have it

[Alix Pasquet @alixpasquet]

The first reason is not to lose money or your job. I have seen analysts get fired because they did not do simple field work confirming or disconfirming their thesis. Love the attached anecdote (8 years ago) from Stanley Druckenmiller on why he fired one of his money managers.

[David @proyandavid]

@aledade3 @MichaelGielkens that’s hard to do when a family owns majority of the company already and float is low

[David @proyandavid]

@abroninvestor @MichaelGielkens what do you think of Sofina and Brederode?

[David @proyandavid]

@MichaelGielkens @abroninvestor tbh, i wouldn’t call Exor’s portfolio Italy at this point 😅

[David @proyandavid]

@SowingAlphaSeed not the biggest fan of this book. a lot of things it mentions are impractical in reality

[David @proyandavid]

@negligible_cap wow, the bankers really underpriced it

[David @proyandavid]

@SixSigmaCapital @GabGrowth tbh, some of it is really hard to differentiate from human written especially if person read it at least once before posting

[David @proyandavid]

@GabGrowth Judging by Tesla’s history, there will definitely be a chance to own it at a reasonable price in the next few years

[David @proyandavid]

@ChrisCamillo @JimCarryTrade 💯

[David @proyandavid]

@amitisinvesting wonder how much more was priced in then 😂

[David @proyandavid]

@SowingAlphaSeed quite cool. thanks for sharing!

[David @proyandavid]

@orrdavid 😂

[David @proyandavid]

@pernasresearch depends a lot on the strategy and cost of the team

[David @proyandavid]

@pernasresearch Yeah, that can happen but is rare

[David @proyandavid]

@taketheLearly you can think something is great and will be big and still exit it based on your forward IRR forecast

that is the beauty of liquid markets

[David @proyandavid]

@orrdavid @pernasresearch depends a lot tbh on what kind of allocators you speak with and what the mandate and size of their institution is

[David @proyandavid]

@DutchInvestors yeah, but that double counts people changing phones