Tap a claim on the ring to put it at the centre.
← The capital stock can grow quickly while the capital share falls,…
17 connected korrents · 15 moments from 8 Jun 2019 to 8 Oct 2026.
Everything filed under market efficiency
market efficiency
Everything filed under stock market
stock market
Everything filed under startups
startups
Everything filed under investing
investing
Everything filed under value investing
value investing
Everything filed under venture capital
venture capital 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: The capital stock can grow quickly while the capital share falls, because the price of capital goods relative to consumption goods can drop faster still. The capital stock can grow quickly while the capital share falls, because the price of capital goods relative to consumption goods can drop faster still. Last stated 5 months ago
4 Jun 2026
PT
Phil Trammell — holds since 2026-06-04 — tap for who they are
Same subject: If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding. — tap to centre the map on it If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding. Last stated 5 months ago
4 Jun 2026
AI
Alex Imas — holds since 2026-06-04 — tap for who they are
Same subject: Over the long term a stock is hard put to earn a much better return than the business underneath it earns — tap to centre the map on it Over the long term a stock is hard put to earn a much better return than the business underneath it earns
CM
Charlie Munger — holds since c. 1994 — tap for who they are
Same subject: Whoever fails to satiate in capital rationally saves more, and therefore ends up holding most of the wealth in the long run. — tap to centre the map on it Whoever fails to satiate in capital rationally saves more, and therefore ends up holding most of the wealth in the long run. Last stated 5 months ago
4 Jun 2026
PT
Phil Trammell — holds since 2026-06-04 — tap for who they are
Same subject: Raising too much startup capital too early can reduce innovation rather than help it. — tap to centre the map on it Raising too much startup capital too early can reduce innovation rather than help it. Last stated 7 years ago
8 Jun 2019
TG
Tren Griffin — holds since 2019-06-08 — 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 8 months ago
3 Mar 2026
SB
Sanjay Bakshi — holds since 2026-03-03 — tap for who they are
Same subject: The value-versus-growth distinction does not serve investors well in a fast-changing world. — tap to centre the map on it The value-versus-growth distinction does not serve investors well in a fast-changing world. Last stated 6 years ago
11 Jan 2021
HM
Howard Marks — holds since 2021-01-11 — tap for who they are
Same subject: Customers leave faster when prices rise than they come back when prices fall, which is why sellers hold prices as long as they can. — tap to centre the map on it Customers leave faster when prices rise than they come back when prices fall, which is why sellers hold prices as long as they can. Last stated 12 months ago
25 Oct 2025
JC
John H. Cochrane — holds since 2025-10-25 — tap for who they are
Same subject: Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic. — tap to centre the map on it Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic. Last stated 2 years ago
1 Oct 2024
TG
Tren Griffin — holds since 2024-10-01 — 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 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 4 weeks ago
25 Sept 2026
MM
Mr. Money Mustache — holds since 2026-09-25 — tap for who they are
Same subject: AI stocks are behaving as if they are insensitive to interest rate changes. — tap to centre the map on it AI stocks are behaving as if they are insensitive to interest rate changes. Last stated 2 weeks ago
8 Oct 2026
BD
Brad DeLong — holds since 2026-10-08 — tap for who they are
Same subject: A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. — tap to centre the map on it A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. Last stated 4 months ago
14 Jun 2026
MP
Mark Pincus — holds since 2026-06-14 — 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 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. — tap to centre the map on it About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. Last stated 3 months ago
18 Jul 2026
PL
Pieter Levels — holds since 2026-07-18 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated a month ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
Same subject: A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. — tap to centre the map on it A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. Last stated a year ago
2 Sept 2025
BE
Benedict Evans — holds since 2025-09-02 — tap for who they are
At the centre
The capital stock can grow quickly while the capital share falls, because the price of capital goods relative to consumption goods can drop faster still.
Holds Read this korrent →
If people become satiated with capital, the returns to accumulating it fall and the rich start consuming again instead of compounding.
Holds
Over the long term a stock is hard put to earn a much better return than the business underneath it earns
Last stated c. 1994
Holds
Whoever fails to satiate in capital rationally saves more, and therefore ends up holding most of the wealth in the long run.
Holds
Raising too much startup capital too early can reduce innovation rather than help it.
Holds
A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack.
Holds
The value-versus-growth distinction does not serve investors well in a fast-changing world.
Holds
Customers leave faster when prices rise than they come back when prices fall, which is why sellers hold prices as long as they can.
Holds
Selling an undifferentiated product while expecting returns above the cost of capital is unrealistic.
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 society's prosperity comes from its productivity, not from the financial system or stock market.
Holds
AI stocks are behaving as if they are insensitive to interest rate changes.
Holds
A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit.
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
About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out.
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds
A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.
Holds