I was reading Morgan Housel’s latest book and the chapter on data gave me a shakeout
“The concept of economic value is simple: If someone wants it there’s value (independent of the motif)” - Per Bylund
Analyzing data is insightfully for the present, but you need to analyze stories for the future
Hedgefunds:
Starting with $ 100k
Trad: 80% stocks / 20% bonds
Exposure = $ 100k
Hedged: Borrows $ 100k, longs $ 130k and shorts $ 70k of bad stocks
Exposure = $ 130k - $ 70k = $ 60k
—
Bull (+30%):
Trad: +$ 24k Hedged: +$ 32k
Bear (-10%):
Trad: -$ 8k Hedged: +$ 8k
—
Note: If picks are wrong, it might amplify a loss
What’s coming on @lensprotocol is a game changer for web3 social monetization
Validium tech allows micropayment monetization based on engagement events i.e.: screen time, amount scrolled
Say goodbye to subscriptions for revenue
🦉Duolingo:
- MAUs 24M -> 85M since IPO
- DAU/MAU 23% -> 30%
- Premium subs 3% -> 7%
- 500M in ARR, 75% subscription, 25% ads and virtual goods
- $ 80/yr subscription in the US (changes by region)
A story of how a “silly app” becomes a great enterprise
Great tips on building product
1/ Ideating and executing horizon 1, 2 and 3 bets
2/ Examples of great horizon 3 bets
3/ Shipping faster with the same headcount
Sharing one of my favorite poems:
“Ten thousand flowers in spring, the moon in autumn, a cool breeze in summer, snow in winter.
If your mind isn’t clouded by unnecessary things, this is the best season of your life.”
Wu Men
Orb v2 interactions are smooth!
Headwinds:
- Easy way to browse between media types, I love being able to see Videos or discover music
- Communities is similar to Farcasters’
Tailwinds:
- Not as smooth, response time to load feeds and screen are high
- Not sure the For You feed feels like it’s “for me”, wondering how this algo works
Heard Acquired’s Charlie Munger episode on what would be his 100 birthday.
“You may find out 5 yrs after you bought it. But when you know you have an edge, you should bet heavily. Most don’t teach that in business school. It’s insane.”
Extrapolate not only on investing