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← Nobody should take on a concentrated, illiquid asset that is…
17 connected korrents · 16 moments from 1 Aug 2021 to 25 Sept 2026.
Everything filed under investing
investing
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venture capital
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startups Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place. Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place. Last stated 2 weeks ago
22 Sept 2026
NM
Nick Maggiulli — holds since 2026-09-22 — tap for who they are
Same subject: Silicon Valley Bank failed because its deposits were concentrated, not because they were uninsured -- the usual account of it is a misstatement. — tap to centre the map on it Silicon Valley Bank failed because its deposits were concentrated, not because they were uninsured -- the usual account of it is a misstatement. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
Same subject: An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell. — tap to centre the map on it An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: There is far less trade-off than people assume between a safer AI race and widely shared gains: a big lead can be held by a widely owned public company. — tap to centre the map on it There is far less trade-off than people assume between a safer AI race and widely shared gains: a big lead can be held by a widely owned public company. Last stated 4 months ago
4 Jun 2026
PT
Phil Trammell — holds since 2026-06-04 — tap for who they are
Same subject: AI will not centralise the economy into a handful of companies; there are going to be many thousands of winners. — tap to centre the map on it AI will not centralise the economy into a handful of companies; there are going to be many thousands of winners. Last stated 2 months ago
31 Jul 2026
PC
Patrick Collison — holds since 2026-07-31 — tap for who they are
Same subject: Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. — tap to centre the map on it Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. Last stated 4 months ago
10 Jun 2026
RD
Ray Dalio — holds since 2026-06-10 — tap for who they are
Same subject: About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing. — tap to centre the map on it About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. — tap to centre the map on it At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk. Last stated a year ago
16 Jul 2025
JD
Jamie Dimon — holds since 2025-07-16 — tap for who they are
Same subject: Telling your investors after a Series A that you are going to vibe-code your own purchasing system is contrarian enough that any reasonable board would question it. — tap to centre the map on it Telling your investors after a Series A that you are going to vibe-code your own purchasing system is contrarian enough that any reasonable board would question it. Last stated 2 months ago
7 Aug 2026
MH
Max Hodak — holds since 2026-08-07 — tap for who they are
Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. Last stated a year ago
21 May 2025
EZ
Ed Zitron — holds since 2025-05-21 — tap for who they are
Same subject: A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. — tap to centre the map on it A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. Last stated 7 months ago
3 Mar 2026
SB
Sanjay Bakshi — holds since 2026-03-03 — tap for who they are
Same subject: A society's prosperity comes from its productivity, not from the financial system or stock market. — tap to centre the map on it A society's prosperity comes from its productivity, not from the financial system or stock market. Last stated a week ago
25 Sept 2026
MM
Mr. Money Mustache — holds since 2026-09-25 — tap for who they are
Same subject: A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. — tap to centre the map on it A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. Last stated 4 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. — tap to centre the map on it AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. Last stated 4 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: Burn rate is a measure of risk, and preemptive rounds push successful companies to raise it whether or not they need to. — tap to centre the map on it Burn rate is a measure of risk, and preemptive rounds push successful companies to raise it whether or not they need to. Last stated 4 months ago
9 Jun 2026
BG
Bill Gurley — holds since 2026-06-09 — tap for who they are
Same subject: A tracing requirement in an encrypted messenger gives up the confidentiality of who sent what, which is the part that protects the sender. — tap to centre the map on it A tracing requirement in an encrypted messenger gives up the confidentiality of who sent what, which is the part that protects the sender. Last stated 5 years ago
1 Aug 2021
MG
Matthew Green — holds since 2021-08-01 — tap for who they are
Same subject: Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on. — tap to centre the map on it Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on. Last stated 3 months ago
12 Jul 2026
BS
Balaji Srinivasan — holds since 2026-07-12 — tap for who they are
Same subject: Bitcoin's use as a medium of exchange will only grow at scale if it solves problems for spenders or recipients better than existing alternatives. — tap to centre the map on it Bitcoin's use as a medium of exchange will only grow at scale if it solves problems for spenders or recipients better than existing alternatives. Last stated a year ago
6 Jul 2025
LA
Lyn Alden — holds since 2025-07-06 — tap for who they are
At the centre
Nobody should take on a concentrated, illiquid asset that is correlated with their main source of income, because that same risk is why outsized rewards exist in the first place.
Holds Read this korrent →
Silicon Valley Bank failed because its deposits were concentrated, not because they were uninsured -- the usual account of it is a misstatement.
Holds
An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell.
Holds
There is far less trade-off than people assume between a safer AI race and widely shared gains: a big lead can be held by a widely owned public company.
Holds
AI will not centralise the economy into a handful of companies; there are going to be many thousands of winners.
Holds
Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little.
Holds
About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing.
Holds
At a market price-earnings ratio of twenty-three there is little upside and a long way to fall, where at fifteen there would be much less risk.
Holds
Telling your investors after a Series A that you are going to vibe-code your own purchasing system is contrarian enough that any reasonable board would question it.
Holds
A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price.
Holds
A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack.
Holds
A society's prosperity comes from its productivity, not from the financial system or stock market.
Holds
A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for.
Holds
AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them.
Holds
Burn rate is a measure of risk, and preemptive rounds push successful companies to raise it whether or not they need to.
Holds
A tracing requirement in an encrypted messenger gives up the confidentiality of who sent what, which is the part that protects the sender.
Holds
Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on.
Holds
Bitcoin's use as a medium of exchange will only grow at scale if it solves problems for spenders or recipients better than existing alternatives.
Holds