I am free market champion (abhoring corrupting crony ‘capitalism’) + I believe in path dependence from circumstances NOT of one’s choosing, misfortune and moral obligation to help.
How have pure LIBERTARIAN addressed this?
1st w/ indifference, 2nd fleeing?
2/ This was way too snarky from 1.5 yrs ago but where is the outpouring of compassionate community can-do-anything problem-solving love from this network?
It may be factor rotation out of GROWTH (FAANG which may trade range bound after tractor beaming future growth to present) as well as less concentrated longer tail of broader overvaluation in Russell 2000 (all can’t be the next FAANGs)...
2/ A shift from NARRATIVE driven motivated buying to fundamentals (notably even classic metric driven discounted cash flow & equity risk premia (Damodaran)+ CAPE (Shiller) have shifted focus to explain investor behavior to STORIES over STORES (of value)...
3/ The 10:1 leverage driving SPAC arb participants maybe gets reduced a bit and PIPE players get reduced alot (and we go thru phase of more signal and less noise aka more quality and less crap)...
1/ In preview: FLORIDA is utterly + completely ABSURD.
(as every ‘Florida Man’ meme account or Carl Hiaasen novel shows).
It’s why all the eye-rolling criticism is totally justified—
—BUT misses that entrepreneurial surprise (entropy)
is nearly 100% ASSURED.
I predict...
2/ A FL-native Latinx tech-scene billionaire in the next 4 years...
The SF tech + VC scene that has moved GIVES more proximate + more frequent chance of encounters and more access to capital + fluid connections + intros—aka R&O (“randomness + optionality”)
But most importantly—
3/ All the connections in FL are fresh + NEW.
Consider this excerpt from a brilliant SFI + Princeton researcher Simon Levin.
Captured in #3D with more than 1,200 scan points, the outdoor exhibition of @Orticolario "The Origin" teleports the viewer to any place in the garden so they might undertake a journey between gardening, landscape, art and design. bit.ly/3ayM787
3/...to the heights of Tarragona, Spain🇪🇸—down the Mediterranean coast from Barcelona—to explore the hidden gem of @UNESCO World Heritage site, @ctarraconense photographer Pierre Grubius walks us through this historical place. bit.ly/2JeKUaw