Garry Tan+ Your Authors @garrytan Cofounder @Initialized —Designer/eng turned VC investor in startups now worth over $36B — New YouTube videos every week — DM me on Instagram for startup advice Jun. 09, 2019 1 min read + Your Authors

Can $AMZN make money? Bezos says yes, they have profitable lines that subsidize reinvestment

The frame of Wall Street is short term

The frame of true reinvestment is long term

The latter is rare. Most just do buybacks because they are out of ideas or can’t hire/manage/ship

A lot of gems in this interview with @hblodget from 2014  https://youtu.be/Ue9uW1K_RJw 

My favorite is how you shouldn’t market a rock concert to people who want to go to the ballet 😂

Hedge funds/equity managers have short term quarterly goals. But 84% of stocks are held by multi family office, endowments, pensions, sovereign wealth, all of whom typically are long term oriented (20+ year horizon)

Incentive mismatch on Wall Street

 https://www.nytimes.com/2018/02/08/business/economy/stocks-economy.html 


You can follow @garrytan.



Bookmark

____
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Sign up.

Since you’re here...

... we’re asking visitors like you to make a contribution to support this independent project. In these uncertain times, access to information is vital. Threader gets 1,000,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Your financial support will help two developers to keep working on this app. Everyone’s contribution, big or small, is so valuable. Support Threader by becoming premium or by donating on PayPal. Thank you.


Follow Threader