Sunday Finds

Sleepwell Capital, Ubiquiti, Evolus

From Us:

• Episode 120: Spotify and the Audio Opportunity With Sleepwell Capital

• Deep Dive: Ubiquiti

• Deep Dive: Evolus

Other Stuff:

• Ted Weschler Roth IRA

• The Great Resignation

• Interview with Marc Andreessen

• Four Separate Americas

• Housing and Demographics

• Interview With Steve Cohen

• A Drunken Saylor

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*Chit Chat Money is sponsored by Potential Multibaggers, an investing service looking to find stocks that can go up 10x in 10 years. Find the service on Seeking Alpha or check out its Twitter account here.

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Smart and Funny Tweets:

Joe Frankenfield @SagaPartners

There are ~50 U.S. companies publicly traded today that provided a 15 yr IRR > 20% vs. the S&P's 8% IRR. A couple interesting things to note:

Conor Sen @conorsen

Late to this but it’s worth having on your long-term radar. There will be a big tiering between: -“Pasadena” (quickly snapped up by rich Millennials) -“Cobb/Gwinnett” (potential for transformative redevelopment) -rural Midwest/Northeast (abandoned)

Bill McBride @calculatedrisk

Housing and Demographics: The Next Big Shift https://t.co/vMy6TTScOy https://t.co/rS9cUxWwRP

Christopher Bloomstran @ChrisBloomstran

I’d add that return assumption surveys at the end of the 1982-2000 bull market were also 17%. Since yearend 1999 the S&P 500 compounded at 7.6% nominal and 5.4% real. It’s taken the returns of the past few years to get up to these numbers. Most of the past two decades were lower.

Michael Batnick @michaelbatnick

I too, expect 17% real returns over the long term. https://t.co/zhMwJLcdJY

Sujeet Indap @sindap

tfw when protected weekend at GS kicks off

Ramp Capital @RampCapitalLLC

*dials 911* <operator answers> Me: Yes, I’d like to report a crime. https://t.co/lY4Js8aIcr

Holger Zschaepitz @Schuldensuehner

The S&P 500 may have hit a new ATH today at 4,277 points, +13.8% YTD, but if you put the index in relation to Fed's balance sheet, it is trading at the same level as in 2008, so equities have traded sideways since 2008, basically counteracting balance sheet expansion. https://t.co/kt8W7R1M2H

shalabh @shalabh_

@ByrneHobart from "The Snowball: Warren Buffett and the Business of Life"

Deva Hazarika @devahaz

@Post_Market @TurnerNovak If this isn’t a solid portfolio, I don’t know what is

Willis Cap @willis_cap

You're on a first date with someone and they tell you their favorite company. You leave immediately. What's the ticker?

Exec Sum @exec_sum

You’re on a first date with someone and they tell you their favorite hobby. You leave immediately. What’s the hobby?

Joe Weisenthal @TheStalwart

omggg @morganhousel