Raoul Pal Profile picture
23 Feb, 11 tweets, 3 min read
When @JuliaLaRoche discovered me on twitter languishing with less than 1000 followers I explained I was on a mission to democratise the kind of financial information only hedge funds and others got. The world I exclusively lived in.
But I felt people needed and wanted more. They wanted the paying field levelled so they could take control, with confidence and knowledge.
I didn't quite imagine it would blow up like this with 400,000 friends on Twitter. You helped create Real Vision and I can't thank you enough. Hopefully we've paid you back for being part of this incredible journey. Even if just on FinTwit.
RV now has nearly 100,000 subs, 500,000 subs to our YouTube channel, 1m monthly podcast downloads and we have the highest engagement rate of any media business in the world with 82% of people starting a video, watching it to the end (and they are around 60mins long).
We have a zero CAC too. Literally never had to pay for a customer. It has all been word of mouth. (We are building out marketing now, however with some amazing hires like @Cocopoppyhead )
We've been entirely funded by investments from our members with no VC or anyone else. Don't know any other company that can claim this, outside of crypto.

That is our special power.

I am honoured and humbled. We started creating content but what we built was a community.
RV Crypto is literally a game changer too as we've been able to offer it for free and entirely changed the quality of content in the space, with breadth and depth, free of biases.
I don't take the time to thank you all enough for helping me and @Damianhorner create something amazing and this beautifully crazy Fintwit community was the start of everything, and remains the core, whether you are an RV member or not)
I learned the way to interact with a community was to try to add as much value as possible. And that is what I try to do each and every day.
Real Vision has become another Super Massive Black Hole that sucks in everyone in the end...and that only happens because we work every day to add value extra to you.

We are busy building new member value from education to community tools and a lot more on top
Real Vision in 12 months time will be entirely different from today and that is for one reason only - we listen to what you need and want and try our damnedest to deliver it (and think up stuff you've never thought of too!).

Thank you, You 400,000 crazy Fintwit guys and girls!

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Raoul Pal

Raoul Pal Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RaoulGMI

22 Feb
Hopefully this is useful for people who struggle with BTC's price action. To most is looks like a bubble because we are trained in mean-reversion (i.e. this time is not different) of linear-trend assets. 1/
A classic example would be the 1980 silver bubble that eventually reverted back to price trend.
But digital assets are EXPONENTIAL trends driven by network effects. These are powerful long-term secular shifts are very different in nature to linear trends. As investors, we really aren't experienced in this, in general. So we apply our old bubble framework and it doesn't work
Read 12 tweets
16 Feb
Do we have the wrong denominator?

Many of us believe that Fed money printing is creating an asset bubble. But when we switch the denominator to the Fed balance sheet equities looks fairly priced...
When we look at SPX vs M2, the other measure people look at, equities are expensive but not wildly so...(its sort of just earning growth)
Gold has done less well but ok (sort of equities minus the earning growth). Here it is versus the Fed balance sheet:
Read 24 tweets
9 Feb
Still #irresponsbilylong but feeling rather responsible now!

Pro tip - scrunch the Y-axis for perspective 1/
And use regression channel for perspective...
And seasonality for conviction...
Read 7 tweets
8 Jan
There is a phenomena that I have observed over the last 30 years in markets...

The New Year Head Fake. 1/2
Hedge funds and asset managers start the year with zero P&L and new risk buckets to allocate.

After a 2-week break they want to get some trades on their shiny new books.

Wall St tends to publish a bunch of consensus Year Ahead trades. So, people pile in...
Then, once everyone is in, the trend often reverses or has a massive correction, taking everyone back to flat or negative on the year and they begin the P&L grind again...

I write about this almost every year in GMI to warn people not to pile into new risks in Jan and wait
Read 7 tweets
7 Jan
Ok, looks like I need to explain this tweet...
Its just a thought but...

Let's say there is a $100bn of institutional money ready to come into BTC in the next 6 months and $XX bn retail.

Crypto is impossible to buy for some and hard(ish) for others.
Then imagine an equity is launched that is worth $60bn on the grey market. If you are a fund manager, then why not just own Coinbase to get exposure? Easy.

No, it ain't bitcoin, but it will move sort of like it and you don't have to beg your investment committee or trustees.
Read 6 tweets
7 Jan
Crypto Bomb:

Ok, I'm leaking some GMI early... (not published yet - tomorrow a.m.)

I will eventually publish in Real Vision too (this article only). I push back strongly the Pfeffer view and the "shitcoin" view.

It's all Metcalfe's Law, baby... and ETH = BTC, like it or not.
You are your behavior....
Network value...(Metcalfe's Law)
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!