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- Sunday Reads and Listens - Unicorns Then and Now and The Future... and The Mr. Beast of Stock Picking Is Coming...
Sunday Reads and Listens - Unicorns Then and Now and The Future... and The Mr. Beast of Stock Picking Is Coming...
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Good Sunday Morning…
The weather is fantastic right now in Phoenix and after sending this newsletter I am heading out for a ride.
With AI still dominating the headlines in technology, I wanted to shares some good reads.
First Michael Parekh summarizing Sam Altman’s new ‘vision’ /strategy for raising $7 trillion.
Welcome Back to The Unicorn Club - 10 years later from Aileen Lee is a good read.
While ZIRP gave every startup the ‘false’ hope that they too could be Unicorns, the Nasdaq 100 was home to 14 ten baggers over the last 10 years.
How many 10-baggers from the last 10 years are in the Nasdaq 100??
The answer is 14, here are the CAGRs:
$NVDA 65%
$AMD 44%
$AVGO 38%
$CDNS 34%
$TSLA 34%
$LRCX 32%
$MELI 32%
$PANW 32%
$FTNT 30%
$KLAC 30%
$DXCM 30%
$MSFT 29%
$SNPS 29%
$CTAS 27%— Koyfin (@KoyfinCharts)
3:47 PM • Jan 18, 2024
In the opposite thinking of being a Unicorn, I always subscribed to ‘do things that don’t scale’ and Beehiiv founder Tyler Denk talks about the same thing.
My friend Barry interviewed David Einhorn on his ‘Masters In Business’ podcast. It was great. David riffs on why market structures are broken and value investing is dead. I am not one to disagree with David Einhorn , but I think AI with tools like finchat.io, the social web and newsletter products a new group of storytellers will bring back the idea of value stocks. The ‘Mr. Beast’ of value stock picking will emerge. Time will tell, but the stories are out there to be discovered and told.
Have a great Sunday.
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