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.Marc Andreessen 🇺🇸 and Jack Altman on underestimating market size and how tech evolved from tools to total transformation. “It turns out some of these markets just turned out to be much larger than people think… like one of the things that's been hardest for us to do is...

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17,502 görüntüleme • 1 yıl önce •via X (Twitter)

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Marc Andreessen and Ben Horowitz explain the problem with the conventional wisdom of judging markets on how they look today: “As [we] go through our careers, we just see more and more examples where the mistakes that we or others make is, - The market for Uber and Lyft must be the market for taxi cabs, - Or the market for cloud software must be the same as the market for on-prem software, - Or the market for GPUs must be the market for people who like to play games.” The winners build technology that unlocks something on the supply side and grows market size by orders of magnitude. Marc Andreessen 🇺🇸 benahorowitz.eth
1:27

Marc Andreessen and Ben Horowitz explain the problem with the conventional wisdom of judging markets on how they look today: “As [we] go through our careers, we just see more and more examples where the mistakes that we or others make is, - The market for Uber and Lyft must be the market for taxi cabs, - Or the market for cloud software must be the same as the market for on-prem software, - Or the market for GPUs must be the market for people who like to play games.” The winners build technology that unlocks something on the supply side and grows market size by orders of magnitude. Marc Andreessen 🇺🇸 benahorowitz.eth

a16z

68,941 görüntüleme • 7 ay önce

Marc Andreessen reveals the hidden math behind why the best markets look small at first "The market for Uber and Lyft must be the market for taxi cabs." "The market for GPUs must be the market for people who like to play games." His rule: when the supply side changes, the market can get 10, 100, or 1,000 times larger. The mistake is sizing tomorrow's company with today's map. Marc Andreessen 🇺🇸
1:24

Marc Andreessen reveals the hidden math behind why the best markets look small at first "The market for Uber and Lyft must be the market for taxi cabs." "The market for GPUs must be the market for people who like to play games." His rule: when the supply side changes, the market can get 10, 100, or 1,000 times larger. The mistake is sizing tomorrow's company with today's map. Marc Andreessen 🇺🇸

andrew engler

163,918 görüntüleme • 3 ay önce

Marc Andreessen: “I think Substack could be 1000 times the size of the existing content industry.” “Nobody ever asked for a Macintosh. Nobody ever asked for an iPhone. These things had to be designed and built, provided on the supply side before the demand materialized. And then the demand of course turned out to be far higher than anybody expected. And I think that that same thing is exactly true of media.” “You have this massive untapped market for high quality content in basically every domain.” “The existing structure of the media company was a structure that was designed for a world of centralized media. You need a new structure today.” Marc Andreessen 🇺🇸
1:39

Marc Andreessen: “I think Substack could be 1000 times the size of the existing content industry.” “Nobody ever asked for a Macintosh. Nobody ever asked for an iPhone. These things had to be designed and built, provided on the supply side before the demand materialized. And then the demand of course turned out to be far higher than anybody expected. And I think that that same thing is exactly true of media.” “You have this massive untapped market for high quality content in basically every domain.” “The existing structure of the media company was a structure that was designed for a world of centralized media. You need a new structure today.” Marc Andreessen 🇺🇸

a16z

461,081 görüntüleme • 7 ay önce

Marc Andreessen posted that "High IQ experts work for mid IQ generalists." We asked him to elaborate. "So I think two things are true: One is we all underrate the importance of intelligence." "Even just the very idea that some people are smarter than other people just really freaks people out, and people don't like to talk about it. And we really struggle with that as a society." "On the other hand, the people who are in the fields that involve intelligence probably overrate intelligence. And you might even coin a term like maybe 'intelligence supremacist' or something like that." Marc Andreessen 🇺🇸 Erik Torenberg
2:02

Marc Andreessen posted that "High IQ experts work for mid IQ generalists." We asked him to elaborate. "So I think two things are true: One is we all underrate the importance of intelligence." "Even just the very idea that some people are smarter than other people just really freaks people out, and people don't like to talk about it. And we really struggle with that as a society." "On the other hand, the people who are in the fields that involve intelligence probably overrate intelligence. And you might even coin a term like maybe 'intelligence supremacist' or something like that." Marc Andreessen 🇺🇸 Erik Torenberg

a16z

456,354 görüntüleme • 9 ay önce

Patrick Collison on what he wishes he did differently when scaling Stripe “I think one of the most pernicious mental models you can have is that you are on some growth curve… I think a much better mental model to have is that you’re serving some market, and then there’s the percentage of the market that you’re serving. And whatever percentage you are not serving, you just haven’t built the go-to-market functions and organization that’s brought the product to those market segments.” In the early days of Stripe, they assumed they were on some growth curve, but Patrick believes they could’ve accelerated their growth by viewing growth as a function of their go-to-market apparatus: “What we did not do, but what I wish we did, is six months after launch, we should’ve mapped out the concentric circles of our market.” As he suggests, Stripe should’ve started with very early stage startups then mapped out the larger set of all technical startups - not necessarily very early stage. Then continue this process in successive increments until they got to all companies handling online payments. Each step along the way, figuring out the size of each market, the fraction Stripe was currently serving, what it would take to serve more, and so on. And then work backwards from there: “What would the organization look like that was serving the entire market? Let’s just start building that organization, because the growth curve is under my control. Of course, it’s not 100% under your control, but I think it’s much more under your control than people tend to think.” Video source: Y Combinator (2018)
1:21

Patrick Collison on what he wishes he did differently when scaling Stripe “I think one of the most pernicious mental models you can have is that you are on some growth curve… I think a much better mental model to have is that you’re serving some market, and then there’s the percentage of the market that you’re serving. And whatever percentage you are not serving, you just haven’t built the go-to-market functions and organization that’s brought the product to those market segments.” In the early days of Stripe, they assumed they were on some growth curve, but Patrick believes they could’ve accelerated their growth by viewing growth as a function of their go-to-market apparatus: “What we did not do, but what I wish we did, is six months after launch, we should’ve mapped out the concentric circles of our market.” As he suggests, Stripe should’ve started with very early stage startups then mapped out the larger set of all technical startups - not necessarily very early stage. Then continue this process in successive increments until they got to all companies handling online payments. Each step along the way, figuring out the size of each market, the fraction Stripe was currently serving, what it would take to serve more, and so on. And then work backwards from there: “What would the organization look like that was serving the entire market? Let’s just start building that organization, because the growth curve is under my control. Of course, it’s not 100% under your control, but I think it’s much more under your control than people tend to think.” Video source: Y Combinator (2018)

Startup Archive

64,296 görüntüleme • 4 ay önce

Marc Andreessen says AI is teaching sand to think and it could be the most important technology in the history of humanity: "Imagine a form of alchemy that turns sand into thought." "Chips are made out of sand. They're made out of silicon, so they're literally made out of sand." "We plug the chip into a data center, into power, we light it up, and we put AI on it, and all of a sudden it's thinking." "We've turned sand into thought. And so it's possibly the most revolutionary technology in the history of the species." "It's certainly on par with electricity and steam power. It's certainly more important than the internet." Marc Andreessen 🇺🇸 with Joe Rogan
1:10

Marc Andreessen says AI is teaching sand to think and it could be the most important technology in the history of humanity: "Imagine a form of alchemy that turns sand into thought." "Chips are made out of sand. They're made out of silicon, so they're literally made out of sand." "We plug the chip into a data center, into power, we light it up, and we put AI on it, and all of a sudden it's thinking." "We've turned sand into thought. And so it's possibly the most revolutionary technology in the history of the species." "It's certainly on par with electricity and steam power. It's certainly more important than the internet." Marc Andreessen 🇺🇸 with Joe Rogan

a16z

203,805 görüntüleme • 2 ay önce

Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”
2:43

Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”

Startup Archive

17,333 görüntüleme • 6 ay önce

Applied Intuition CEO Qasar Younis says the market for physical AI is "way, way bigger" than the market for white-collar AI: "I used to be at Y Combinator. I was the COO, ran the firm, and funded lots of interesting companies. And one of the analogies I used to use to help founders understand market potential and size is: I grew up in Detroit. You're sitting in the Detroit metro airport at a gate, and you look around. How many of those people are using Claude Code? Frankly speaking, not many." "But how many of those people drive? How many people work at construction sites? How many of those people ride in buses? How many of those people serve in our armed forces? The point is: a much, much larger group." "The market for physical AI is way, way bigger. Purely because the surface area is much bigger."
3:26

Applied Intuition CEO Qasar Younis says the market for physical AI is "way, way bigger" than the market for white-collar AI: "I used to be at Y Combinator. I was the COO, ran the firm, and funded lots of interesting companies. And one of the analogies I used to use to help founders understand market potential and size is: I grew up in Detroit. You're sitting in the Detroit metro airport at a gate, and you look around. How many of those people are using Claude Code? Frankly speaking, not many." "But how many of those people drive? How many people work at construction sites? How many of those people ride in buses? How many of those people serve in our armed forces? The point is: a much, much larger group." "The market for physical AI is way, way bigger. Purely because the surface area is much bigger."

TBPN

67,418 görüntüleme • 4 ay önce

.Marc Andreessen 🇺🇸 says the best career advice for young people trying to break into tech comes down to three things: - "Run to the heat." - Come to Northern California if you want to work on AI - "Be so good they can't ignore you." Uncapped with Jack Altman
0:59

.Marc Andreessen 🇺🇸 says the best career advice for young people trying to break into tech comes down to three things: - "Run to the heat." - Come to Northern California if you want to work on AI - "Be so good they can't ignore you." Uncapped with Jack Altman

a16z

115,993 görüntüleme • 1 ay önce

Marc Andreessen says AI is hyper democratizing. “Is the future of the world going to be one or a small number of companies, or for that matter, governments or super AIs that kind of own and control everything?” “Or is this a technology that's going to diffuse out and be in everybody's hands?” “This is the time in which AI is actually hyper democratizing. It has spread to more individuals, both in the country and around the world in the shortest period of time of any new technology I think in history.” “The best AIs in the world are in the consumer products.” “This technology is going to be in everybody's hands. And everybody is going to be able to use it to optimize the things that they do, have it be a thought partner, assistant for building companies.” Marc Andreessen 🇺🇸
1:34

Marc Andreessen says AI is hyper democratizing. “Is the future of the world going to be one or a small number of companies, or for that matter, governments or super AIs that kind of own and control everything?” “Or is this a technology that's going to diffuse out and be in everybody's hands?” “This is the time in which AI is actually hyper democratizing. It has spread to more individuals, both in the country and around the world in the shortest period of time of any new technology I think in history.” “The best AIs in the world are in the consumer products.” “This technology is going to be in everybody's hands. And everybody is going to be able to use it to optimize the things that they do, have it be a thought partner, assistant for building companies.” Marc Andreessen 🇺🇸

a16z

79,935 görüntüleme • 9 ay önce

Marc Andreessen on going direct, in 2013: “We’ve lived in this world... where content only comes from content companies.” “I think content is going to increasingly come from everybody.” “The stuff that we do is complicated and new.” “And so we’re trying to take more responsibility to be able to articulate complex subjects to large audiences.” “I think increasingly, it’s direct communication.” Marc Andreessen 🇺🇸 at CDX Forum 2013:
0:35

Marc Andreessen on going direct, in 2013: “We’ve lived in this world... where content only comes from content companies.” “I think content is going to increasingly come from everybody.” “The stuff that we do is complicated and new.” “And so we’re trying to take more responsibility to be able to articulate complex subjects to large audiences.” “I think increasingly, it’s direct communication.” Marc Andreessen 🇺🇸 at CDX Forum 2013:

a16z

66,092 görüntüleme • 7 ay önce

“The Zoomers are so much better than the Millennials” Marc Andreessen 🇺🇸 on the AI-native Zoomers who learned tech from YouTube and have a burning desire to build something great: “2015 to 2024... was a very, very strange period. And a lot of just things got really weird. And the Zoomers are the generation that basically was on the receiving end of that.” “And they're not walking around feeling guilty about everything all the time. They're not feeling like they have to deny that they want to be successful.” “They've seen a thousand hours of YouTube videos from all the great people in tech talking about how to do everything. They just know so much more than previous generations of founders did.” “They're all AI native. They all basically learn AI from scratch and in college. They're coming out, and they totally understand it.” “They wear their heart on their sleeve. They're gonna build something great. And they're completely unapologetic about it.”
1:33

“The Zoomers are so much better than the Millennials” Marc Andreessen 🇺🇸 on the AI-native Zoomers who learned tech from YouTube and have a burning desire to build something great: “2015 to 2024... was a very, very strange period. And a lot of just things got really weird. And the Zoomers are the generation that basically was on the receiving end of that.” “And they're not walking around feeling guilty about everything all the time. They're not feeling like they have to deny that they want to be successful.” “They've seen a thousand hours of YouTube videos from all the great people in tech talking about how to do everything. They just know so much more than previous generations of founders did.” “They're all AI native. They all basically learn AI from scratch and in college. They're coming out, and they totally understand it.” “They wear their heart on their sleeve. They're gonna build something great. And they're completely unapologetic about it.”

a16z

132,883 görüntüleme • 7 ay önce

People really need to stop using the betting market as a poll, because the truth is the betting market this far out is never going to be accurate for multiple reasons. Number one: A lot of people make bets on emotions, not data. Number two: It’s incredibly easy to manipulate the market for pump and dumps. Number three: It’s even easier for people with a lot of money who want to control the narrative to manipulate the market for political messaging. The bottom line is, the most accurate a betting market is when it comes to political candidates, is the day of the election, and the further out from Election Day it is, the more inaccurate it will be.
2:58

People really need to stop using the betting market as a poll, because the truth is the betting market this far out is never going to be accurate for multiple reasons. Number one: A lot of people make bets on emotions, not data. Number two: It’s incredibly easy to manipulate the market for pump and dumps. Number three: It’s even easier for people with a lot of money who want to control the narrative to manipulate the market for political messaging. The bottom line is, the most accurate a betting market is when it comes to political candidates, is the day of the election, and the further out from Election Day it is, the more inaccurate it will be.

The Misfit Patriot

34,178 görüntüleme • 3 ay önce

"It's like being dropped into a zone of shocking competence." Marc Andreessen on working at one of Elon Musk’s companies: "Everybody is like ultra competent... If they're not, Elon sniffs it out and fires them." "The best engineers in the world want to work for him because he's the one CEO like this who's able to work with them as a peer." "So he just has this incredible positive selection where the smartest people in the world want to work for him and anybody who can't cut it gets fired." "The world sees this as raw aggression." "But it's beyond that. It's a very systematic way of optimizing these companies to be able to take on these profound challenges and then being able to actually solve all the problems... at a speed that's just completely unmatched." Marc Andreessen 🇺🇸 with David Senra
1:00

"It's like being dropped into a zone of shocking competence." Marc Andreessen on working at one of Elon Musk’s companies: "Everybody is like ultra competent... If they're not, Elon sniffs it out and fires them." "The best engineers in the world want to work for him because he's the one CEO like this who's able to work with them as a peer." "So he just has this incredible positive selection where the smartest people in the world want to work for him and anybody who can't cut it gets fired." "The world sees this as raw aggression." "But it's beyond that. It's a very systematic way of optimizing these companies to be able to take on these profound challenges and then being able to actually solve all the problems... at a speed that's just completely unmatched." Marc Andreessen 🇺🇸 with David Senra

a16z

210,812 görüntüleme • 5 ay önce

.Marc Andreessen 🇺🇸: "Everywhere we go, people want to talk about tech, they want to learn about tech." "When Ben wrote his book and went on a tour, it didn't matter what country he went to, thousands of kids show up and they want to learn how to do this." "The internet had a big impact there, which is, every kid anywhere in the world now can watch Peter Thiel talks and our podcast and everything else." "Global knowledge is way up. Global enthusiasm is way up. Relevance to societies is way up." "There's human capital everywhere... The startup process is a way to especially get smart young people to kind of do ambitious things."
0:27

.Marc Andreessen 🇺🇸: "Everywhere we go, people want to talk about tech, they want to learn about tech." "When Ben wrote his book and went on a tour, it didn't matter what country he went to, thousands of kids show up and they want to learn how to do this." "The internet had a big impact there, which is, every kid anywhere in the world now can watch Peter Thiel talks and our podcast and everything else." "Global knowledge is way up. Global enthusiasm is way up. Relevance to societies is way up." "There's human capital everywhere... The startup process is a way to especially get smart young people to kind of do ambitious things."

a16z

30,833 görüntüleme • 2 ay önce

Marc Andreessen explains the 3 Necessities for Start-up Success: "The general criteria for a successful high-tech startup, in my view, you see different sort of rules of thumb from different people. But the three big things you always come back to are, is there a big market? And by the way, that comes in two parts. Is there a big existing market that you think you can go after and sort of displace incumbents or do you believe there will be a new market that will be big? So big market. Is there a fundamental technology or economic change that causes you to basically justify having a new company? And that's really important. And the way I always think about that is, is there a 10X change happening in the technology landscape? Is something 10X faster or 10X cheaper or 10X better? And if it's not 10X, we as both VCs and entrepreneurs, we really have to ask ourselves like, is it really worth doing? Because it's really hard. I mean, it's really hard to start new companies. new companies generally shouldn't exist. Existing companies are usually pretty good at what they do. And so for a new company to exist, it not only has to like come in and go into business and bring a product to market, but it has to bring a product to market that's so much better than what already exists that it punches through the sort of status quo. And most customers in most markets are pretty happy buying from the current suppliers and so there has to be a real kind of edge on the thing and we look for that in either a technology change, usually a technology change or an economic change. which are often the same thing. And then the third is team. Is the team outstanding? And if you think about this as an entrepreneur, it becomes a question of the founding team. Some companies are solo founders and they can work, but generally most of us, like myself, we're human beings, we're mortal. You want to have a founding team of complementary skill sets. And so you want to have at least one super strong technologist, quite possibly more than one. Some of the best startups are actually more than one founding technologist and then it often helps to have somebody who's like a product or who's a market or sales person or has a sort of really good understanding of business on the team, certainly helps a lot. And so we sort of look at market, product, and team. And the reality is you need all three. I would say, interestingly, if you're going to compromise as an investor, if we're going to compromise on one of those, it would actually be the product. And the reason I say that is because a great market is a lot easier to make up for with iterative product execution than a poor market. Because the problem with a poor market, a small market, is even if you do a great job on the product, there just aren't that many customers. It's hard to ever get big."
2:15

Marc Andreessen explains the 3 Necessities for Start-up Success: "The general criteria for a successful high-tech startup, in my view, you see different sort of rules of thumb from different people. But the three big things you always come back to are, is there a big market? And by the way, that comes in two parts. Is there a big existing market that you think you can go after and sort of displace incumbents or do you believe there will be a new market that will be big? So big market. Is there a fundamental technology or economic change that causes you to basically justify having a new company? And that's really important. And the way I always think about that is, is there a 10X change happening in the technology landscape? Is something 10X faster or 10X cheaper or 10X better? And if it's not 10X, we as both VCs and entrepreneurs, we really have to ask ourselves like, is it really worth doing? Because it's really hard. I mean, it's really hard to start new companies. new companies generally shouldn't exist. Existing companies are usually pretty good at what they do. And so for a new company to exist, it not only has to like come in and go into business and bring a product to market, but it has to bring a product to market that's so much better than what already exists that it punches through the sort of status quo. And most customers in most markets are pretty happy buying from the current suppliers and so there has to be a real kind of edge on the thing and we look for that in either a technology change, usually a technology change or an economic change. which are often the same thing. And then the third is team. Is the team outstanding? And if you think about this as an entrepreneur, it becomes a question of the founding team. Some companies are solo founders and they can work, but generally most of us, like myself, we're human beings, we're mortal. You want to have a founding team of complementary skill sets. And so you want to have at least one super strong technologist, quite possibly more than one. Some of the best startups are actually more than one founding technologist and then it often helps to have somebody who's like a product or who's a market or sales person or has a sort of really good understanding of business on the team, certainly helps a lot. And so we sort of look at market, product, and team. And the reality is you need all three. I would say, interestingly, if you're going to compromise as an investor, if we're going to compromise on one of those, it would actually be the product. And the reason I say that is because a great market is a lot easier to make up for with iterative product execution than a poor market. Because the problem with a poor market, a small market, is even if you do a great job on the product, there just aren't that many customers. It's hard to ever get big."

Founder Mode

39,005 görüntüleme • 6 ay önce

Marc Andreessen says that America's strategic advantage lies not in mimicking China's centralized system but in doubling down on what we're good at: “What if we become more like us? And what if we lean even harder into innovation, and even harder into creativity, and even harder into entrepreneurship? And isn't there so much more that we could do if we got to be more like us?” Marc Andreessen 🇺🇸
0:30

Marc Andreessen says that America's strategic advantage lies not in mimicking China's centralized system but in doubling down on what we're good at: “What if we become more like us? And what if we lean even harder into innovation, and even harder into creativity, and even harder into entrepreneurship? And isn't there so much more that we could do if we got to be more like us?” Marc Andreessen 🇺🇸

a16z

252,198 görüntüleme • 8 ay önce

.Marc Andreessen 🇺🇸 on founders almost always being too early, not too late: "We almost never see a qualified founder fail because they're too late to market. It's almost always because they're too early to market." "The iPad was like this breakthrough product in 2009... well, there was this thing called the Newton twenty years earlier. It was the iPad twenty years earlier, and it was like virtually the same thing, and the world just wasn't ready yet." "I think that's the permanent curse of the entrepreneur." YC Startup School 2016, with Qasar Younis
1:05

.Marc Andreessen 🇺🇸 on founders almost always being too early, not too late: "We almost never see a qualified founder fail because they're too late to market. It's almost always because they're too early to market." "The iPad was like this breakthrough product in 2009... well, there was this thing called the Newton twenty years earlier. It was the iPad twenty years earlier, and it was like virtually the same thing, and the world just wasn't ready yet." "I think that's the permanent curse of the entrepreneur." YC Startup School 2016, with Qasar Younis

a16z

119,123 görüntüleme • 1 ay önce

Are Nigerians going to talk about how Igbo traders in Lagos molest Nigerian women when they go to the market . They often do this to women, that some now has phobia of going to the market . This happen often in Lagos and other Igbo dominated market .Do they do this in the north ?
0:39

Are Nigerians going to talk about how Igbo traders in Lagos molest Nigerian women when they go to the market . They often do this to women, that some now has phobia of going to the market . This happen often in Lagos and other Igbo dominated market .Do they do this in the north ?

Nononsense

61,161 görüntüleme • 3 yıl önce

Chamath and Larry Summers Debate the Market Reaction to Trump's Tariffs Lawrence H. Summers: "If this is such a terrific thing, why do markets think it's so terrible for the American economy?" "Maybe the market's just completely wrong ... but the job of markets is to look forward." "It's to look passed the immediate." "It's to see what the long run consequences are going to be." "And markets are making a pretty devastatingly negative judgment on this step." Chamath Palihapitiya: " Larry, that's not true." " So let's just establish a couple facts about 'the markets.'" "Number one, there are two markets and they behave totally differently, and sometimes inversely to each other." "There's the stock market and there's the bond market." 1) Stocks: mean reversion "With respect to the stock market, what they are debating, and you're right Larry, is what is the effective long-term rate of return a dollar needs to generate in order to pay me back that dollar?" "That is what the fundamental stock market does." "And what we've seen for many years with trade imbalances, trade deficits, and close-to-zero interest rates, of which more of that happened under Democrats than Republicans, we have allowed the stock market to inflate past historical averages." " What we've actually seen happen in the last week is what most people would call mean reversion." "The stock market is still way above where it was last year, two years ago, three years ago." "What has happened is that the forward multiples have compressed. So that's number one. That's a fact." 2) Bonds: it's possible a major trade blew up "And then with respect to bonds, what we are seeing now is there are two very complicated issues." "In the last two days, we saw one part of the bond market totally get out of whack." "And what we know is that the yields changed materially in a very acute way, which is atypical of how the bond market typically digests a philosophical change in approach to policy." " What we heard in the last 24 hours is a lot of this move may have been attributed to an enormous levered bet on US treasuries by a Japanese hedge fund." " It will take three, and four, and five, and six weeks for us to really know." 3) Private credit: something to watch closely " Separately, what we do know, though, where the structural complexity of the market — and this is where, Larry, I agree with you — is acute and important to observe is in the credit markets for private companies." "And that is where you have to pay a lot of attention."
2:18

Chamath and Larry Summers Debate the Market Reaction to Trump's Tariffs Lawrence H. Summers: "If this is such a terrific thing, why do markets think it's so terrible for the American economy?" "Maybe the market's just completely wrong ... but the job of markets is to look forward." "It's to look passed the immediate." "It's to see what the long run consequences are going to be." "And markets are making a pretty devastatingly negative judgment on this step." Chamath Palihapitiya: " Larry, that's not true." " So let's just establish a couple facts about 'the markets.'" "Number one, there are two markets and they behave totally differently, and sometimes inversely to each other." "There's the stock market and there's the bond market." 1) Stocks: mean reversion "With respect to the stock market, what they are debating, and you're right Larry, is what is the effective long-term rate of return a dollar needs to generate in order to pay me back that dollar?" "That is what the fundamental stock market does." "And what we've seen for many years with trade imbalances, trade deficits, and close-to-zero interest rates, of which more of that happened under Democrats than Republicans, we have allowed the stock market to inflate past historical averages." " What we've actually seen happen in the last week is what most people would call mean reversion." "The stock market is still way above where it was last year, two years ago, three years ago." "What has happened is that the forward multiples have compressed. So that's number one. That's a fact." 2) Bonds: it's possible a major trade blew up "And then with respect to bonds, what we are seeing now is there are two very complicated issues." "In the last two days, we saw one part of the bond market totally get out of whack." "And what we know is that the yields changed materially in a very acute way, which is atypical of how the bond market typically digests a philosophical change in approach to policy." " What we heard in the last 24 hours is a lot of this move may have been attributed to an enormous levered bet on US treasuries by a Japanese hedge fund." " It will take three, and four, and five, and six weeks for us to really know." 3) Private credit: something to watch closely " Separately, what we do know, though, where the structural complexity of the market — and this is where, Larry, I agree with you — is acute and important to observe is in the credit markets for private companies." "And that is where you have to pay a lot of attention."

The All-In Podcast

98,290 görüntüleme • 1 yıl önce