Sublime
An inspiration engine for ideas
There are losses for hedge fund investors with large public portfolios at high-cost bases. An early-stage company whose public holdings fall 25% in value feels less pressure than a crossover firm when its portfolio falls from an 8X multiple-of-money to a 6X multiple-of-money. Public securities of such firms are underwater, and private holdings are ... See more
Sarah Guo • when the music stops
Wealthfront has stalled out around $21 billion in assets under management (AUM) as it faces stiff competition from well-funded incumbents, and it still loses a lot of money. It charges only 0.25% of every dollar it manages for accounts with over $5,000.
Benjamin Rollert • Not Boring Memo: Composer
‘S**t’s f**ked up. It’s going to get really bad’: Millionaire financial whizzkid on the economic disaster heading our way
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Patrick Johnson
pbj.me
On Information
the past, present, and future of how we find, monetize, and relate to information.
sari and • 126 cards

Yet in the US$32 billion industry for financial data, Bloomberg is the dominant player, with a third of the market. Its position has become even more entrenched over the past ten years, as those around it have lost market share.