Сarm1ne
@carm1nee • 15,877 subscribers
✦ Researcher & Analyst ✦ Wall Street / AI / News | @zscdao
Videos
Michael Bloomberg to Warren Buffett & ex-CEO of Goldman Sachs: "I would like to hire the person whose father never was there, whose mother was in a drug treatment program, and he had to go and work three shifts at McDonald's to take care of his siblings." this is him explaining who he refuses to hire no matter what, why he says you are unlikely to hire from Harvard, Yale or Princeton, and that this is fine, and what he tore down to run a company of twenty thousand "don't hire your relative, don't hire your friend, unless you absolutely have to" "rip down the walls, make an open plan" bookmark & watch it - read the article below now ↓
Сarm1ne476,928 Aufrufe • vor 13 Tagen
JPMorgan CEO Jamie Dimon on the day he was fired from Citigroup after 15 years: "my boss called me in and said we want you to resign - to which I said, OK. I went home. the youngest one said, Dad, do we have to sleep on the streets?" this is him explaining how he rebuilt a bank from a $511 million loss into the largest in America, what he does every Sunday with the problems he is avoiding, and what he told the man who fired him a year later "it was my net worth, not my self-worth" "I called him a year later. I told him I didn't think he did the right thing for Citigroup. then I told him the mistakes I made. he acknowledged my mistakes" "if you split a taxi receipt, that's stealing. if I caught you doing that, I'd fire you" "would you have your child work for that person? half the time we promote people, we would not let our kid work for them" bookmark & watch the full conversation ↓
Сarm1ne2,316,247 Aufrufe • vor 1 Monat
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↓
Сarm1ne4,394,512 Aufrufe • vor 5 Monaten
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 ↓
Сarm1ne4,255,427 Aufrufe • vor 5 Monaten
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 ↓
Сarm1ne2,988,517 Aufrufe • vor 4 Monaten
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 ↓
Сarm1ne2,651,516 Aufrufe • vor 3 Monaten
Carl Icahn paid a consultant $250,000 to figure out what 173 employees did "we can't figure out what they do either" - he fired all 173 - profit went from $1 million to $96 million this is him breaking down his two biggest trades on camera, why he believes most CEOs in America should be fired, and the pattern that makes every company he touches more profitable "173 people in new york city, five floors. I said what do you guys do? they said you just don't understand, it's a very complex business. I paid a consultant a quarter million dollars. he said we can't figure out what they do either" "I closed the new york office. we kept seven people. today the company makes five times what it made before we bought it" "I knew nothing about the airline business. the company was losing $200 million. my critics said we'd be bankrupt. today we're recording $300 million" "sooner or later all companies end up run by idiots. the number two man by definition has to be a little worse. it's anti-darwinian. I call it survival of the unfittest" bookmark & watch the full conversation ↓
Сarm1ne1,835,814 Aufrufe • vor 2 Monaten
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 3 Monaten
JPMorgan CEO Jamie Dimon gave 15 years to Citigroup and got fired - he called his wife first so the kids would be ready: "the youngest one said - Dad, do we have to sleep on the streets?" this is him explaining the phone call he made to that boss a year later, the mistake he admits was his own, and the day his own hires walked in and told him to give up his pay too "my net worth was not my self worth. I had to remind myself of that" "I called him a year later. I was wrong for Citigroup at that point. I acknowledged my own mistakes" bookmark & watch the full conversation - then read the article below ↓
Сarm1ne486,269 Aufrufe • vor 1 Monat
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 ↓
Сarm1ne1,630,248 Aufrufe • vor 3 Monaten
Bill Ackman says he can turn $25 billion into a trillion dollars without hiring a single person - his track record: $1 became $28 in 22 years this is him explaining how he's building the next Berkshire Hathaway, why he gave every retail investor full allocation, and how he picks the best businesses in the world "a dollar invested with us 22 years ago became 27 or 28 times. we're going from $25 billion to a trillion, we don't have to hire another person" "I said I'm going to give every retail investor a full allocation. they found themselves with about 10 times as many shares as they wanted" "some of the best businesses in the world are trading at the lowest multiples right now. stocks of really high quality companies are incredibly cheap" "the management team has north of $500 million invested. we've had the best 8 years in our 22-year history" bookmark & watch the full conversation ↓
Сarm1ne1,334,009 Aufrufe • vor 3 Monaten
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 3 Monaten
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 ↓
Сarm1ne1,321,675 Aufrufe • vor 3 Monaten
Watch what happens when emotions override common sense Louis on Deal or No Deal turned down $333,000 Two cases left, his and one other, $750,000 or $5 The banker offered $333,000 to walk away, he said no deal His mother, brother, and the entire audience begged him to take the money His wife said, "Keep playing" He opened his case → $5 Nobel Prize-winning economist Richard Thaler studied 151 contestants on this show across three countries And published the results in the American Economic Review // > He found two patterns that destroy people's decision making: • Break-even effect → after a series of bad outcomes contestants take bigger risks Trying to get back to where they started, the more they lose the more reckless they get • House money effect → after a series of good outcomes contestants also take bigger risks Because the gains feel like "free money" that isn't really theirs Both patterns are irrational, both lead to yhe same result worse decisions under pressure Thaler's team said the show "almost appears to be an economics experiment rather than a TV show" // Thaler studied a TV show, but he described every Polymarket trader who's ever blown up Since I’ve found myself in this situation more than once I feel it’s important to say something everyone should keep reminding themselves of No matter how obvious or simple it may sound, your losing streak should not influence your future decisions The exact same principle applies to winning streaks as well the clip below is the moment she turned down $333,000 & watch what happens when emotions override math in real time ↓
Сarm1ne2,216,431 Aufrufe • vor 5 Monaten
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 ↓
Сarm1ne1,361,242 Aufrufe • vor 4 Monaten
Gavin Baker on the SpaceX situation: "Wall Street consensus is $73 billion in revenue - if they bring on 3 gigawatts of power next year that's $150 billion - that's not in the model" this is him explaining why SpaceX could double what the Street expects, why intelligence per dollar will define the future of AI, and why betting against Elon has destroyed entire funds "open source models fundamentally just shift margin from the model layer to the infrastructure layer - if you have cheaper tokens we're going to consume more of them - we are structurally short compute" "the Cursor acquisition for $60 billion is looking very smart - that was $3 billion in annual revenue when they bought it - I think it's probably materially higher" "there's a graveyard of funds that shut down because they were Tesla short" bookmark & watch the full conversation ↓
Сarm1ne772,770 Aufrufe • vor 2 Monaten
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 ↓
Сarm1ne1,495,259 Aufrufe • vor 4 Monaten
Goldman Sachs CEO David Solomon on the $500 billion Nvidia deal: "there's $9 trillion sitting in US money market funds. there's a hundred trillion dollars in US equities. will the returns from all of these things be ample? of course not - there'll be winners and losers" this is the seven of them explaining what a single gigawatt actually costs, what happens to the assets if the companies using them run out of cash, and how fast this is being built compared to the internet BlackRock CEO Larry Fink: "each gigawatt costs 50 to 60 billion. in the United States alone we're going to need over 70 gigawatts" "this is the very beginning, like what it was when I started in the mortgage-backed securities market in the 1970s" Jensen Huang on the failure case: "even if the players run out of cash, there will always be a customer for that computing platform" "it's not Nvidia's money. this is all third party independent long-term capital" bookmark & watch the full conversation, then read the article below ↓
Сarm1ne512,895 Aufrufe • vor 1 Monat
Paul Tudor Jones called Elon Musk "the poster child for the French Revolution" - then said "grow our way out by cutting taxes? complete bullshit, the bond market will revolt" this is the most legendary macro trader explaining why America's debt will end in default, why AI experts think there's a 5% chance it ends humanity, and how he's traded through every crash since 1976 "Elon looks a thousand years in the future with space travel, but his governance goes back a thousand years. very tribal. he's going to take his net worth from $250 billion to $500 billion at the expense of millions of knowledge workers" "this year the US Treasury is bringing $2.8 trillion of debt to market. by 2050 we'll have 250% debt to GDP. well before then we'll have lost our reserve currency status. we will clearly have a debt default" "58% of AI experts said there's a 5% chance AI could end humanity. how do you risk manage a 5% chance of the end of humanity? no futures contracts for that" "price charts never lie. I've seen many people confuse being right fundamentally with making money. you can be right fundamentally and absolutely lose your shirt and go bankrupt" bookmark & watch the full conversation ↓
Сarm1ne789,483 Aufrufe • vor 2 Monaten
Carl Icahn told Larry Fink to his face that BlackRock is "an extremely dangerous company" - then told Wall Street "the mafia has a better code of ethics than you guys" this is him explaining why BlackRock is pushing the economy off a cliff, why Wall Street keeps selling junk to the middle class, and what 50 years on Wall Street taught him about what's coming next "BlackRock is an extremely dangerous company. people are buying these bonds not understanding what they're buying" "the mafia has a better code of ethics than you guys. you're selling this crap and you keep selling it and you're shorting some of it" "they're all on this party, having a drink, having fun, pushing this thing toward a cliff. you know what's going to destroy it? they're going to hit a Black Rock" "I've been around a long time. I saw it in '69, '74, '79, '87, 2000. I think a time is coming that might make some of those times look pretty good" bookmark & watch the full conversation ↓
Сarm1ne850,488 Aufrufe • vor 2 Monaten