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← When trillions of dollars are managed by high-fee Wall Street…
17 connected korrents · 14 moments on record from 28 Feb 2014 to 4 Sept 2026. Nearly all of them are about stock market .
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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: When trillions of dollars are managed by high-fee Wall Street managers, it is the managers who reap the outsized profits, not their clients. When trillions of dollars are managed by high-fee Wall Street managers, it is the managers who reap the outsized profits, not their clients. Last stated 10 years ago
25 Feb 2017
WB
Warren Buffett — holds since 2017-02-25 — tap for who they are
Same subject: His advice to his own estate's trustee is the same advice he gives everyone: almost all of it into a low-cost S&P 500 index fund, not with a high-fee manager. — tap to centre the map on it His advice to his own estate's trustee is the same advice he gives everyone: almost all of it into a low-cost S&P 500 index fund, not with a high-fee manager. Last stated 13 years ago
28 Feb 2014
WB
Warren Buffett — holds since 2014-02-28 — tap for who they are
Same subject: Shareholder activism restored the balance of power between a company's owners and its managers, and that has been good for the US stock market. — tap to centre the map on it Shareholder activism restored the balance of power between a company's owners and its managers, and that has been good for the US stock market. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. — tap to centre the map on it Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: An investor's starting point should be the portfolio that is best to hold independent of any tactical market view — tap to centre the map on it An investor's starting point should be the portfolio that is best to hold independent of any tactical market view Last stated 2 weeks ago
25 Aug 2026
RD
Ray Dalio — holds since 2026-02-19 — tap for who they are
NM
Nick Maggiulli — holds since 2026-08-25 — tap for who they are
Same subject: Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall. — tap to centre the map on it Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: Investors do better over time in a low-cost index fund than in a group of hedge funds, on average. — tap to centre the map on it Investors do better over time in a low-cost index fund than in a group of hedge funds, on average. Last stated 10 years ago
25 Feb 2017
WB
Warren Buffett — holds since 2017-02-25 — tap for who they are
Same subject: There is no average year in the stock market; the long-run average only shows up over a very long horizon. — tap to centre the map on it There is no average year in the stock market; the long-run average only shows up over a very long horizon. Last stated 2 weeks ago
27 Aug 2026
BC
Ben Carlson — holds since 2026-08-27 — tap for who they are
Same subject: A few larger teams under experienced engineering managers outperform many tiny teams each led by a working tech lead. — tap to centre the map on it A few larger teams under experienced engineering managers outperform many tiny teams each led by a working tech lead. Last stated 3 years ago
5 Jan 2024
CM
Charity Majors — holds since 2024-01-05 — tap for who they are
Same subject: Technology has made markets less efficient at long horizons rather than more efficient. — tap to centre the map on it Technology has made markets less efficient at long horizons rather than more efficient. Last stated 2 years ago
3 Sept 2024
CA
Cliff Asness — holds since 2024-09-03 — tap for who they are
Same subject: The efficient market hypothesis is at best a very lossy heuristic — tap to centre the map on it The efficient market hypothesis is at best a very lossy heuristic Last stated 4 days ago
4 Sept 2026
NF
Nat Friedman — holds since 2026-09-04 — 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 3 months ago
10 Jun 2026
RD
Ray Dalio — holds since 2026-06-10 — 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 2 months ago
18 Jul 2026
PL
Pieter Levels — holds since 2026-07-18 — 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 3 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: Nine of every ten companies he backed changed their business plan halfway through, because the market changed under them. — tap to centre the map on it Nine of every ten companies he backed changed their business plan halfway through, because the market changed under them. Last stated 3 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: “Why now?” is the wrong question to make a founder answer — the honest answer can simply be that you started now. — tap to centre the map on it “Why now?” is the wrong question to make a founder answer — the honest answer can simply be that you started now. Last stated a month ago
28 Jul 2026
BS
Blake Scholl — holds since 2026-07-28 — tap for who they are
Same subject: A belief nobody else shares is a warning, and a belief everybody shares is also a warning; the right number of people who agree with you is small but not zero. — tap to centre the map on it A belief nobody else shares is a warning, and a belief everybody shares is also a warning; the right number of people who agree with you is small but not zero. Last stated a month ago
28 Jul 2026
SA
Sam Altman — holds since 2026-07-28 — tap for who they are
Same subject: A founder cannot delegate judgment: the chief executive has to make the decision that makes sense to them, however much momentum the alternative has. — tap to centre the map on it A founder cannot delegate judgment: the chief executive has to make the decision that makes sense to them, however much momentum the alternative has. Last stated a month ago
7 Aug 2026
MH
Max Hodak — holds since 2026-08-07 — tap for who they are
At the centre
When trillions of dollars are managed by high-fee Wall Street managers, it is the managers who reap the outsized profits, not their clients.
Holds WB Warren BuffettRead this korrent →
His advice to his own estate's trustee is the same advice he gives everyone: almost all of it into a low-cost S&P 500 index fund, not with a high-fee manager.
Holds WB Warren Buffett
Shareholder activism restored the balance of power between a company's owners and its managers, and that has been good for the US stock market.
Holds BA Bill Ackman
Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund.
Holds BA Bill Ackman
An investor's starting point should be the portfolio that is best to hold independent of any tactical market view
Holds NM Nick Maggiulli
Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall.
Holds BA Bill Ackman
Investors do better over time in a low-cost index fund than in a group of hedge funds, on average.
Holds WB Warren Buffett
There is no average year in the stock market; the long-run average only shows up over a very long horizon.
Holds BC Ben Carlson
A few larger teams under experienced engineering managers outperform many tiny teams each led by a working tech lead.
Holds CM Charity Majors
Technology has made markets less efficient at long horizons rather than more efficient.
Holds
The efficient market hypothesis is at best a very lossy heuristic
Holds NF Nat Friedman
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 5% is the most common final ownership stake for the founder of a VC-funded startup that works out.
Holds
AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them.
Holds LT Lip-Bu Tan
Nine of every ten companies he backed changed their business plan halfway through, because the market changed under them.
Holds LT Lip-Bu Tan
“Why now?” is the wrong question to make a founder answer — the honest answer can simply be that you started now.
Holds BS Blake Scholl
A belief nobody else shares is a warning, and a belief everybody shares is also a warning; the right number of people who agree with you is small but not zero.
Holds
A founder cannot delegate judgment: the chief executive has to make the decision that makes sense to them, however much momentum the alternative has.
Holds MH Max Hodak