bodila
@51bodila • 13,562 subscribers
Researcher & Analyst writing about AI on Wall Street | @zscdao
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Paul Singer told Jamie Dimon to his face that JPMorgan is "overleveraged and opaque - even my 150 analysts couldn’t figure you out" - Dimon replied: "Paul, with all due respect, hedge funds are pretty opaque too" This is their face-to-face confrontation over who nearly destroyed the financial system, why Singer says banks are still hiding enormous risks, and Dimon’s brutal question: "So why do you still trade with us?" Singer: "When I ask about a firm holding $1 or $2 billion of our money, after weeks of analysis and discussion, my team comes in and shrugs" Dimon: "You probably haven’t read our 10-K, which is 400 pages long. Businesses can be opaque because they’re complex. You don’t know how aircraft engines work either" Singer: "No hedge funds supplied any systemic risk during the 2008 crisis. Many financial institutions didn’t understand their own risks. Neither did their regulators" Dimon: "Paul, you trade with us quite a bit, very happily. Why? Research, execution, capital and price" bookmark & watch the full conversation ↓
bodila663,061 Aufrufe • vor 8 Tagen
Chamath Palihapitiya: "when I build Facebook, there were 7000 or 8000 social companies - within six years there were five of us left - I suspect we're about to go through that same cycle in AI " this is him revealed which AI companies will survive and showed his current strategy His words: "companies are generating $50 million of ARR in months and then raising huge rounds. what we haven't seen is whether the foundational models just move up the stack and absorb the capability" "the first wave was just boards who read the word AI somewhere in an article, went to a board meeting and asked the CEO: what's your AI strategy?" MIT looked at 300 AI implementations across 52 companies - 95% never made it to production "there's a big difference between probabilistic software and deterministic software" 70% of AI budgets went into sales and marketing - the lowest ROI category in the study bookmark & watch today ↓
bodila2,617,942 Aufrufe • vor 1 Monat
Bill Gates spent seven hours convincing Buffett to buy Microsoft - Warren bought just 100 shares, then called the company "future too unpredictable" in a letter that became evidence in court "I think that shows that I’ve got an IQ of about 50" this is them talking about their biggest mistakes, Buffett regretting buying Berkshire, and Gates being glad that the Chinese stole his product Warren: "Bill spent about six or seven hours explaining his business to me. When he got through with it, I bought 100 shares of stock just to keep track of them. I think that shows two things: one is that I’ve got an IQ of about 50, and the second is I didn’t think he had any monopoly." Bill: "As long as they’re going to steal it, we want them to steal ours. They sort of get addicted, and then we somehow figure out how to collect sometime in the next decade." Bill: "In the next 10 years, if Microsoft’s still a leader, there will have been at least three crises where we’ll have had to prove our excellence." Warren: "Buying Berkshire Hathaway, buying control of it, was probably the biggest single bad decision that I’ve made." bookmark & watch - 1 hour of absolutely brilliant thinking, then read below how to apply it ↓
bodila100,619 Aufrufe • vor 2 Tagen
JPMorgan CEO Jamie Dimon on why he rejected Jeff Bezos offer to be CEO of Amazon: "I loved what he did, it just was beyond - I spent my whole life in financial services - it's a little bit like playing tennis your whole life and then going to play golf" this is him telling how he invested $60M into a dying bank - that is now JPMorgan - after being fired from Citigroup Citigroup fired him after 17 years - he calls it "a hell of a run - and then he fired me" he called them a year later - lunch at the Four Seasons: "I said you did the wrong thing for the company - and here are the mistakes I made" why he took a dying bank instead: "thirty major financial companies - four or five change CEO in a four year period - one goes outside - and it's probably going to be a troubled one" "I put a lot of my money into it - not because the stock was cheap. I wear the damn jersey - I'm not a hired gun" that dying bank became JPMorgan - now the largest in America, worth twice its nearest competitor save this - the best biography of one of the greatest on Wall Street
bodila722,513 Aufrufe • vor 29 Tagen
Jane Street hired this junior at $220k-$600k /year because he uses AI to analyse TRILLIONS of data in this 1-hour lecture - he show how to research trillion of data points thanks to his machine Bookmark & watch it, instead of Netflix to learn how to do the same!
bodila3,451,395 Aufrufe • vor 4 Monaten
JP Morgan headhunted trader for ~$500K/year from Lehman Brothers - after he predicted the bank's collapse under $600B in debt - he explain why Goldman Sachs hired him at 20 and gave him ~$100M in his first week 27-min video to understand what strategies he uses in his trading that made every tier-1 fund in the world want to hire him
bodila2,463,666 Aufrufe • vor 3 Monaten
Ron Baron asked Elon Musk how Tesla invests $7 billion in a single factory and makes $15 billion a year in profit from it Musk: "no one was expecting Tesla to be the best at manufacturing in the auto industry - probably in the history of the world " Baron: "who does that? " to reach it, Elon slept on a factory floor for 3 years Ron bet $400M when everyone said Tesla would fail - never sold a single share - made $7B 25-min between a near-trillionaire and the investor who believed in him bookmark & watch today ↓
bodila1,931,203 Aufrufe • vor 3 Monaten
Bill Ackman offered Elon Musk to launch SpaceX IPO without banks - through his company, guaranteeing an investment of his own $4B - he silently rejected the offer, now he officially filed for a traditional IPO SpaceX urgently needs $75 billion, and Elon is rushing to take the company public knowing this, Ackman stepped in with a proposal - Musk wouldn't have to pay massive Wall Street fees to launch the IPO he offered to bypass the entire traditional market entry system through his own company "SPARC " - by distributing SpaceX share purchase rights to Tesla shareholders bookmark & watch it today
bodila1,765,147 Aufrufe • vor 3 Monaten
"Einstein of Wall Street" survived all 5 global market crashes - and for 40 years has traded $1 billion every day he said: "Invest in stocks, not stuff " and yet - he never bought a single stock in his life - only made money on commissions for 2 years he dressed up every morning and went to Wall Street completely broke - now he is considered the most experienced and smartest man in the market bookmark & watch - trading advice from the most experienced man on Wall Street
bodila1,685,470 Aufrufe • vor 2 Monaten
Palantir CEO: "most AI companies are going to die - Anthropic and OpenAI give no value and take your IP" - so he announced a deal with Nvidia to build a new AI Alex Karp just revealed which AI companies will survive and showed his current strategy His words: "AI is real but somehow it's not working - and we're not allowed to say it publicly because we'll look stupid" "I've been telling them for six months - we're going to be nationalized - they say it can't happen in America" "if you say AI let you fire two-thirds of your workforce - you might as well sign up for the Bernie Sanders manifesto" he built Palantir with Peter Thiel from zero to $500 billion - the Pentagon, CIA and NATO use his software - now he's coming for OpenAI and Anthropic bookmark & watch today ↓
bodila1,248,521 Aufrufe • vor 2 Monaten
Andrej Karpathy told Elon Musk that Tesla will grow from $45B to $1.5T using AI - while competitors spent billions doing it the old way after this presentation Tesla's stock dropped 3.9% Karpathy stood up and explained why every competitor will lose "lidar is a crutch - it sidesteps the fundamental problem " Musk: "every mile driven is training the network - whether autopilot is on or off " simply because every single driver was training Tesla's model for free that $45B company is now worth $1.5T Waymo spent $27 billion. Tesla spent $0 on data collection then Andrej left Tesla and joined Anthropic - to build their competitor bookmark and watch today ↓
bodila1,597,069 Aufrufe • vor 2 Monaten
Warren Buffett to Jamie Dimon and CNBC on the rule he's followed for 84 years: "when you should buy stocks is when you're getting a lot for your money - not when business is good, and not when you think it'll be good next year" this is him and CEO JP Morgan on when to buy, and on the numbers you should never trust how he judges management: "pretend this is the only business you and your family have for 50 years, and you can't sell it" "I bought my first stock on March 11th of 1942 - seven Republican presidents and seven Democratic presidents - I've bought under every one of them" "don't buy stocks based on what you think the next six months or year is going to bring" then Buffett admits how easy the numbers are to fake: "you can report any number you want in an insurance company for a while - and the auditors will sign it" Dimon on how it's done at a bank: "you can change trade exposure with a phone call, do some swaps and add $100 million of revenue - cut marketing - that's the easiest thing to cut" "when they can't make the numbers, sometimes they make up the numbers" bookmark & watch the full conversation ↓
bodila458,322 Aufrufe • vor 1 Monat
JPMorgan CEO rejected Jeff Bezos offer to be Amazon CEO, to invest $60M of his own money into a bank - now that same bank - JPMorgan - is worth $700B and moves $10 trillion a day a young 32-min Jamie - all his personal rules that led him to become the world's best banker this is the first lecture from the moment Jamie Dimon was hired as JPMorgan CEO save this - it's the best biography of one of the greatest on Wall Street
bodila1,674,267 Aufrufe • vor 3 Monaten
Carl Icahn made $700 million by pouring a lawyer vodka at 10am - settled an $11 billion lawsuit in one conversation the stock crashed from $60 to $25 - said: "I bought every share I could buy - happiest moment of my life" this is Carl Icahn telling the story of his greatest trade and how he really makes deals Pennzoil had a handshake deal to buy Getty Oil - Texaco stole it sued in Texas and jury awarded $11 billion - Texaco went bankrupt, CEO said "let it burn" "I bought every share at $25 - happiest moment of my life " Carl brought both sides to his office - nobody would talk - took the lawyer for vodka at 10am "I said Joe you're not getting $12 billion - he said what can I get - $3 billion - deal " the lawyer made $600 million - got kicked out of the restaurant Icahn made $700 million and showed how bookmark & watch today ↓
bodila1,061,560 Aufrufe • vor 2 Monaten
They made $20B predicting biggest global crash in history - Jim Simons, Soros and John Paulson - under oath in Congress, reveal their strategy at the same table sat Ken Griffin, who almost went bankrupt in that same crash Simons used pure math - Soros used instinct - Paulson used insurance, you will never see these legends explaining exactly how they did it at one table Soros opened it cold: "we are in the midst of the worst financial crisis since the 1930s" - and warned hedge funds would shrink 50 to 75% Simons runs Renaissance on pure math - he called the rating agencies the most guilty: "they let sows' ears be sold as silk purses" Paulson saw it in 2005 and bought credit default swaps on the debt he knew would collapse - when it did, he made the single greatest trade in history Griffin sat there down $8 billion, his fund nearly gone - yet told Congress "we have not seen hedge funds as the focal point of the carnage" four different minds, four different methods, one table - under oath, forced to explain how they read the collapse everyone else missed bookmark & watch today ↓
bodila816,867 Aufrufe • vor 1 Monat
Paul Singer sued Elon Musk to collect a debt from Argentina - he bought it for $117 million and the country refused to pay him back the country paid him back $2.4 billion after 15 years of war - and here he is explaining it like it was nothing "by refusing to pay us, Argentina is losing billions of dollars per year... over 10 years, 70, 80, 90 billion" he seized an Argentine navy warship with sailors still on board - and went after the presidential plane 92% of bondholders accepted pennies, but Singer refused and fought for 15 years until they paid $2.4 billion in full "we could settle this thing in an afternoon" he did the same to Peru - $11 million turned into $58 million - and Congo - he has never lost to a country borrowed $1.3 million from friends and family - today he runs $73 billion bookmark & watch ↓
bodila808,012 Aufrufe • vor 1 Monat
ex-Goldman Sachs Quant ~$500k/year hired 8 juniors to outperform Goldman traders in 2 weeks - they outperformed real hedge funds by 3% in just 2 months all because he worked at Goldman Sachs and knows every mistake they make - you’ll learn the exact strategies from the world’s best funds
bodila1,508,521 Aufrufe • vor 3 Monaten
JP Morgan paid ~$700K/year to headhunt this Goldman Sachs trader, who turned $25M → $400M - Lehman Brothers also hired him and after he left the bank collapsed with $600B in debt 16-min and you’ll learn exactly what skills made every top fund on Wall Street chase the same trader
bodila1,492,023 Aufrufe • vor 3 Monaten
Ron Baron on SpaceX: "We've made our clients maybe $15 billion - I gave up $3 billion of my own profit to keep those shares - I don't want Elon to think about us as someone he gave stock to who sold it the first chance they got" this is him laying out what SpaceX actually is - and why he says he's never seen a company like it in 56 years "in 56 years there hasn't been a single company that I've seen like SpaceX. not one" "the economy doubles every 10 years. Elon thinks that instead of doubling, we're about to grow 10 times every 10 years" "the head of Anthropic was trained by Elon. the head of ChatGPT was trained by Elon" "we sold capacity in that facility to Anthropic for $1.25 billion a month for the next year and a half. $15 billion a year. then Google comes along and says we need compute also. Elon says okay, I'll show you what I have left for $900 million a month" "it all came from George Soros. he had a bad year in 76 or 77, and his fund advisor said why don't you have some other people manage money for you. I was one of his six favorite analysts. he gave each of us $5 million" bookmark & watch today ↓
bodila348,869 Aufrufe • vor 28 Tagen
Jim Rogers found one strategy that made him 4,200% with George Soros in 10 years: buy what everyone is afraid to touch with it - he has traded through 6 global crash in history right now he's doing the opposite - shorting AI while everyone is buying everyone said Austria has no stock market - he flew there and bought every single stock everyone said Zimbabwe is a disaster - he bought it everyone is buying gold right now - so he is buying silver 60 years on Wall Street in 35 min - his secrets to successful investing in one free video bookmark & watch today ↓
bodila1,085,803 Aufrufe • vor 2 Monaten