Сarm1ne
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✦ Researcher & Analyst ✦ Educational Wall Street content | @zscdao
Videos
Jon Gray paid $26 billion for Hilton Hotels right before the 2008 financial crisis, with $20 billion in debt - revenue dropped 20%, cash flow dropped 40% today he runs $1.3 trillion at Blackstone "it felt like it was career shortening and that I shouldn't be sitting here today" "our largest investment in the firm's history, we wrote down by 71%. I had to go to meetings with investors and say I know we've done this, but it's unrealized, we're going to get through this" "we put in an extra $800 million at the bottom" "I always say to my kids and now I say to everyone in Blackstone, stay calm, stay positive, never give up" bookmark & watch the full conversation ↓
Сarm1ne658,464 Aufrufe • vor 3 Tagen
Paul Singer bought $117 million of Argentina's defaulted debt for pennies on the dollar, they told him he would never see a cent - 15 years later he collected $2.4 billion this is him explaining how he did it, including how he seized the flagship of the Argentine Navy "they said if you don't take this deal you will have nothing, the debt will be of no value. we will never pay again" "over 61,000 bondholders didn't take the deal. they haven't negotiated with us or any of the holdout bondholders at all, ever. not for one minute" bookmark & watch the full conversation ↓
Сarm1ne448,604 Aufrufe • vor 3 Tagen
ex-CEO of Goldman Sachs just explained how he spotted the 2008 crisis from a movie theater on his BlackBerry "something moved 6% that was only supposed to move 4 basis points - I said excuse me I have to go to the bathroom - and started making calls" "I don't care what you think is going to happen - I only want to know what could possibly happen - even with low probability - and what we're doing about it" "we were very good contingency planners - when that remote contingency happens you get off the block so quickly people think you anticipated the gun - we just heard it and acted quicker" bookmark & watch the full conversation ↓
Сarm1ne1,625,002 Aufrufe • vor 13 Tagen
Stan Druckenmiller lost $800 million in 13 days shorting internet stocks - finished the year up 42% after making $5 billion in the last two months he just broke down exactly how he thinks about risk and why he's never used a stop loss in his career "I was running $6 billion with the best record I knew of and getting paid $43,000 a year" "George Soros told me my $5 billion bet against the pound was ridiculous - why only $5 billion - do $15 billion - we broke the Bank of England" "when you're up 20 or 30 percent you're playing house money - that's when you try and get up 60 or 70" "I have never used a stop loss in my career - if it starts not acting well relative to news I just get out" bookmark & watch the full conversation ↓
Сarm1ne1,394,401 Aufrufe • vor 13 Tagen
Elon Musk told Ron Baron he's building a chip that will be 2 to 3 times better than NVIDIA - at 10% of the cost "I have the entire physical design of the chip laid out in memory - I can visualize the whole thing" when TSMC told him a new fab takes 5 years he said: "five years to me is an eternity - my timelines go one year, two year, and at year three it goes to infinity" so he's building his own Tesla's self-driving has logged 10 billion miles - 4 times safer than a human driver - with the new chip it will be 10x "I don't own any vacation homes - just one house in Austin and a tiny house at Starbase - friends come to visit and they think I'm kidding" watch the full conversation ↓
Сarm1ne2,645,849 Aufrufe • vor 24 Tagen
Steve Schwarzman started Blackstone with $400,000 - mailed 488 fundraising documents - the first 17 said no person number 18 said yes - he raised $850 million his first deal made 16x - his second made 24x - Hilton made $12 billion, the most profitable buyout in history Mike Bloomberg offered him 20% of his company for $100 million - Schwarzman wanted in but his fund structure wouldn't allow it - that stake today would be worth $8 billion today Blackstone manages $333 billion bookmark and watch the full interview ↓
Сarm1ne2,373,646 Aufrufe • vor 24 Tagen
Thomas Peterffy saved $200,000 over 12 years - bought a seat on the stock exchange - and turned it into $4 billion after taxes he just broke down exactly how he did it and revealed the one habit that separates his most successful traders from everyone else "I was the only one who knew the right value for an option - so it wasn't very difficult for me to make money" "the most common trait among the best traders is they always use limit orders - they very seldom take an offer or hit a bid" bookmark & watch the full conversation ↓
Сarm1ne1,314,463 Aufrufe • vor 15 Tagen
Ron Baron put $1.7 billion into SpaceX while it was private - it turned into $15 billion he just placed a billion dollar order at the IPO and said "10 trillion, 20 trillion, 30 trillion and I could be very low" he started with $100 million in 1992, made his clients $61 billion in profit when he was a kid he drove an ice cream truck, now the president of the NYSE comes to him for advice "I pushed all the chips to the center of the table to be tied to the most successful man on the planet, clearly risky, but that's my game" "never bet against the guy with superpowers who would never give up" bookmark and watch it today ↓
Сarm1ne2,983,036 Aufrufe • vor 1 Monat
ex-CEO of Goldman Sachs just revealed his entire portfolio - 98% equities, 90% single stocks - and he trades every single day from his iPad "the difference between somebody who's really really good and somebody who can't make it is not that great" "I thought SpaceX was overpriced at $100 billion - they're now proposing $1.75 trillion" "I've known people in high office - after they finish speaking they say how did I do - they want affirmation - people are a lot more insecure than you think" bookmark & watch the full podcast ↓
Сarm1ne994,482 Aufrufe • vor 14 Tagen
Paul Tudor Jones predicted the 1987 crash, made $100 million, then spent years trying to destroy this footage you will watch him lose $6 million in one afternoon, sit in his chair and say "total devastation" then make it all back with 100% interest This documentary will change how you think about risk forever Bookmark & watch it. Then read the post below - $90 billion from being right just 54% of the time↓
Сarm1ne4,370,891 Aufrufe • vor 1 Monat
CEO of Citadel: "no one is more wrong than I am today", he built the most profitable hedge fund in history in this interview he explains why he hired a Russian rocket scientist, why being the smartest in the room is a mistake, and why being right 54% of the time made $90 billion Bookmark & watch it. Then read the article below - The 77-year-old formula that explains why a small edge is all you need ↓
Сarm1ne4,228,717 Aufrufe • vor 1 Monat
Thomas Peterffy arrived in America with $100 - couldn't speak a word of English today his company Interactive Brokers is worth over $150 billion - more than Deutsche Bank and Barclays combined - he still owns 75% of it he built his own options pricing formula - walked onto the trading floor in 1977 with $200,000 in savings - the only trader who knew the exact fair value of every option "I had $10 million left - maybe that's enough to live on if I can never get another job - I had a family - maybe I should stop" bookmark & watch the full conversation ↓
Сarm1ne835,261 Aufrufe • vor 18 Tagen
Michael Milken earned $550 million in a single year - the highest salary in the history of Wall Street at 24 he was sent to run Drexel's entire bond department - "I was 30 for a number of years" because no one would listen to anyone under 30 every bank was chasing 500 investment grade companies - "I had millions of companies and nobody was looking at them - those 500 don't create jobs" he backed Ted Turner, Rupert Murdoch, John Malone before anyone knew their names bookmark & watch the full conversation ↓
Сarm1ne761,253 Aufrufe • vor 17 Tagen
Bill Ackman bought a third of a $20 billion company after it crashed to $100 million - the stock went from 34 cents to $34 it's the most contrarian bet in modern Wall Street history "I called the CEO, he didn't return my call - I called again, he didn't return my call - six weeks later they spun off the company, the CEO got fired, then he called to thank me for his exit package" "there are analogies to 2000 - people got excited about internet stocks and Berkshire traded at the lowest valuation in its history because people said that's all old stuff a similar thing is happening today to Amazon, Meta, Microsoft - they're undervalued" bookmark and watch it today - 29 minutes that will change how you think about AI, markets, and what makes a great investment ↓
Сarm1ne1,356,988 Aufrufe • vor 29 Tagen
Stanley Druckenmiller averaged 30% a year for 30 years without a single losing year Paul Tudor Jones asked him on stage what made him different from everyone else - his answer: size "I put 350% long into one bond trade - 200 to 300% of my fund into a single currency - put all your eggs in one basket and watch the basket carefully" "I've never used a stop loss in 40 years - I exit when the reason I bought changes, not when the price is down" "the world changed on 9/11, the world changed when the wall came down, the world changed election night - these moments set in place two to four-year trends you can play" bookmark and watch it today ↓
Сarm1ne948,235 Aufrufe • vor 27 Tagen
co-founder of KKR bought Safeway for $5.6 billion with just $126 million of equity and turned it into a 50x return one of the rawest investing masterclasses ever recorded - from getting sent alone to meet Roy Disney as a 23 year old summer trainee to building a $758 billion empire "I am scared to death to be sitting with Roy Disney - he said you know a lot about my business - I want you to spend the day with me - most analysts haven't even read my annual report" "he never asked if I was a partner or a summer trainee - all he cared about was that I cared about his company" "I said I'm going to have to let you go - he said you can't let me go because you'll lose the McDonald's account - I called McDonald's - he laughed" bookmark & watch the full conversation ↓
Сarm1ne306,606 Aufrufe • vor 11 Tagen
Jane Street made $4.3 billion with a single strategy in India, it worked so well that regulators launched an investigation it only got exposed because Jane Street sued their own employees and accidentally leaked the strategy India's options market is 422 times larger than its stock market every morning they bought $500 million in stocks once puts were cheap enough they loaded up, sold all their stocks in the afternoon $85 million in a single day, they ran this for two years straight, regulators ordered $570 million forfeited Bookmark & Watch the full story today ↓
Сarm1ne1,489,834 Aufrufe • vor 1 Monat
ex-CEO of Goldman Sachs said there was a 15 to 20% chance the entire financial system would collapse in 2008 - "you know what else is 15 to 20 percent - a turn at Russian roulette" "you can recover from losses and live to fight another day - you can't recover from being dead" "good traders change their minds more easily and more frequently - they react the quickest to changes" "at some point there will be a forced reckoning - assets on balance sheets are not worth what people think they're worth" "gold could go to $100,000 an ounce but it'll go there without me" bookmark & watch the full conversation ↓
Сarm1ne316,220 Aufrufe • vor 12 Tagen
Bill Ackman made $2.8 billion on a single interest rate hedge, his only regret: "we should have made $10 billion - we were a little timid" he raised his first fund by cold-calling every billionaire on the Forbes 400 list. 100 meetings, 6 said yes and total: $3.1 million his worst recent trade: lost $400 million on Netflix in a few months. "new facts emerged which were inconsistent with the original thesis - so we exited" bookmark & listen ↓
Сarm1ne1,149,377 Aufrufe • vor 1 Monat
George Soros taught Ron Baron one lesson that made him $20 billion "if you have identified and done the work on a business that can grow tremendously - you can't own enough of the greatest idea you've ever had" Baron put $400 million into Tesla and made $7 billion - then put $2 billion into SpaceX and made $13 billion - 54% compounded per year for 9 years he just placed a $1 billion order at the SpaceX IPO - "I'm 83 years old - I can't imagine ever selling a single share in my lifetime" bookmark and watch it today ↓
Сarm1ne746,339 Aufrufe • vor 26 Tagen