
Boring_Business
@BoringBiz_ • 190,587 subscribers
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OpenAI CFO Sarah Friar: "In 2026, if you want to buy more compute, good luck to you. Tell me because I dont know where else to find it." Jason: "Elon has some." Rubbing in the fact that Elon sold compute to Anthropic just a few weeks ago just to get back at Sam Altman
Boring_Business365,078 次观看 • 1 天前

This is the type of person you have to be to get hired at Citadel Ken Griffin once asked a Harvard graduate with a Citadel offer letter what he would do if he had $10 million in his bank account The young man replied that he would quit his job to travel and climb the highest peaks around the world Ken Griffin responded by saying that Citadel was not the right fit for him
Boring_Business2,137,257 次观看 • 1 个月前

One of the most significant moments from the Trump Davos speech was when he said the quiet part out loud You cannot lower housing costs for young people without destroying millions in wealth for boomers "Every time you make it more affordable for somebody to own a house cheaply, you are actually hurting the value of those houses. I don't want to do anything to hurt the value of their house. If I wanted to crush the housing market, I could do that so fast that people could buy houses. But you would destroy people who already have houses." Our politicians are sacrificing people in their 20s and 30s for the prosperity of boomers Let that sink in
Boring_Business6,671,347 次观看 • 4 个月前

Bill Ackman on how he made $2.5 billion by hedging and shorting stocks during March 2020 Worth a listen "There was a massive storm coming. We could see the storm, but everyone else was playing on a beach. We bought a credit default swap on the index, and over a 10 day period, we bought about $74 billion notional of this insurance. It cost us only $27 million. 10 days later, it became worth $2.6 billion. We took that money in March 2020 with the market down 30% and bought stocks"
Boring_Business840,507 次观看 • 1 个月前

Woman says that she wants a man > minimum height of 6’2 > a job with no earnings cap (corporate jobs making $150K not enough) > only takes business class flights > in shape and works out regularly If you do a quick AI search and also filter for men who are single, this describes roughly 0.1% of the population The most obvious societal outcome is her sharing this man with other women
Boring_Business5,429,597 次观看 • 9 个月前

There will be two classes of people in the future 1/ People who were wealthy before 2022 and locked in a sub 3% mortgage rate 2/ People who were too young or poor to buy before 2022, so they had to take on a mortgage rate nearly 2x higher than their slightly older peers
Boring_Business204,854 次观看 • 15 天前

This was an eye opener from Jensen Huang When asked whether he would rather relive his 20s or be 20 years old today, this is what he had to say: "I thought our 20s were happier than these 20s. I think everyone deserves some time to be oblivious, and not wear all of the world's problems on their shoulders on Day 1 We are raising a generation that is very cynical and too informed They are cynical, not because they are inherently cynical. They are cynical because they see so much stuff. It is too much stuff You have to build up some internal reserve of optimism. You have to build up some reserve of goodness."
Boring_Business2,004,069 次观看 • 4 个月前

Former Goldman Sachs CEO Lloyd Blankfein on hiring students from non Ivy league and prestigious schools "The average will be higher at these great schools, and certainly the bottom quartile will be higher. But if you look at the tippy-top of Harvard and the top of the University of Minnesota, they will be at least as good. Maybe better"
Boring_Business2,397,890 次观看 • 5 个月前
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Probably the best take I have heard on why there is so much fear around software exposure in private equity and credit because of AI From David Sacks "Historically we only had two good exits for software businesses. One was IPO. The other was M&A. Then these big private equity shops came along and gave us a third potential exit. You would sell to them and then they would raise the capital based on one third equity and two third debt. So it was debt financed buyouts. It is something that has been around in the non technology part of the economy for a long time but was a relatively new entrant in the world of technology. And the reason for that is if you have debt financed a purchase, you need to have very stable cash flows. Because if you miss and you cant pay your interest on the debt, you will lose all your equity because the debt holders will foreclose. It was belief for a long time that software did have predictable cash flows, at least for the mature businesses."
Boring_Business401,891 次观看 • 1 个月前

This actually resonated with me a ton because it is also the exact reason I decided banking was not for me Vividly remember, it was 10:30 pm the night before a major holiday. Every single person in the office was still there, including my MDs and VPs One MD was missing a family get together to be there. Another VP had just had a kid with his wife a few months ago. They were all still working away at the office at that hour, putting together a deck that the client was likely going to spend less than a few minutes on I looked around and simply thought that I didn’t want that to be me in 15 years Not saying it is good or bad, but it’s certainly not the lifestyle for everybody
Boring_Business702,005 次观看 • 2 个月前

Bill Ackman: "One thing I believe is that the private equity, venture capital and real estate portfolios are mismarked" Ackman on Harvard and Yale endowment's exposure to private equity and VC. One of the best clips I have seen From his recent interview at University of Austin
Boring_Business4,034,925 次观看 • 1 年前