Some amazing content below - from the launch of a brand new, democratized hedge fund, to the public rollout of self-driving vehicles. These innovations and developments will dramatically reshape the world over the next decade...
“How did you go bankrupt? Two ways. Gradually, then suddenly.”” - Ernest Hemingway
Translation: While the quote literally applies to bankruptcy (and risk), it also more generally applies to how things change. Change tends to happen slowly, imperceptibly and often unnoticed - until all of a sudden you can’t imagine life any other way. Think about life without a smartphone - it only really rolled out a bit over a decade ago; now most people can’t function without it… and before that, the Internet. Recognizing inflections in change is critical - we remain focused on surfacing the most relevant...
Recap: Free, high quality interview between Keith and Liz Ann that drills down into critical current issues (COVID, election, fiscal, etc.), and offers useful investing principles to add to your framework.
Comment: Liz Ann debunks some long-held media 'beliefs' - from the flawed "growth vs. value" debate, to the difference between cash vs. cash flow. She’s sharp and worth a listen..
Recap: Numerai is now the first hedge fund to source original stock market signals, built from any dataset, from anyone in the world.
Comment: Provocative article that highlights the potential power of a 'decentralized' hedge fund. As you likely know, CrowdCent is focused on helping make that a reality - and @Jason (+CrowdCent) is actually referenced in this article - #1 on the leaderboard. Check it out!
Recap: Have you ever ridden in a vehicle with no human driver? Waymo, the leading self-driving vehicle startup in the US, just opened it's completely driverless ride-hailing service (Waymo One) to the public in Phoenix.
Comment: This is a huge step forward in the progression of autonomous vehicles. First Waymo completely removed the safety driver in late 2019, then they raised $3B+ in cash, and now they are opening their service to the public... think about all of the things that will change if you don't need a driver...
CrowdCent Thoughts & Predictions
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Look forward to more updates soon - the future is here...
Jason & Ryan