I’m on a Top Secret mission to Boston today and then back to New York tonight, so with all the running around, posting will be light.
I did want to point out some stuff that you absolutely must not miss.
Barry’s interview with Marc Andreessen this weekend for Bloomberg Radio’s Masters In Business is drawing all kinds of rave reviews, from the Valley to NYC and everywhere between. It’s a great conversation between a public markets investor and perhaps one of the most important figures in the history of the internet.
Marc talks about the qualities he is looking for among the thousands of entrepreneurs who pitch the A16Z team each year and goes through the story of Mark Zuckerberg “the learning machine.” He tackles tech company valuations and the truth about the future of cars and driving. You cannot miss even a second of this.
My friend Morgan Housel did this really great thing about the absurdity of the 40 hour work week and how utterly incompatible it is for the knowledge economy. People need time to think quietly or wander, mentally and physically, in order to do work that is mentally taxing. Inhabiting a sedentary workspace and being belted into a chair is very 20th century and literally counterproductive.
This is so good:
Linette went back to SALT this year – the Skybridge Alternatives conference that was once the Catalina Wine Mixer for the hedge fund space. Maybe it still is, but boy was she seeing a different vibe there in 2017 than she’s seen in years past. Linette and I were at SALT 2014 together and it probably the pinnacle of the annual event. Everyone was there, money was being made and egos were fully intact. You can read my account here.
Now go and read the estimable Ms Lopez on where things stand currently:
Lastly, before you panic about this week’s Wall Street story about how Quants are taking over Wall Street and you’re not a part of it so you’re a loser sitting at the loser table at lunch time, you gotta read Ben Carlson’s take. I’ve done a post here before about how the more people now chase quantitative strategies, the worse everyone’s forward returns will be in the space, but Ben’s version is very different.
Read this today: