The Compound and Friends

Trading the Election

18 snips
Nov 1, 2024
Jack Raines, associate editor at Sherwood and former editor of Exec Sum, dives into the complexities of betting on the upcoming election and the impact of prediction markets. He discusses the stark contrast between investor confidence and public sentiment regarding the economy. The conversation also touches on social media biases and their influence on trading trends, as well as MicroStrategy’s ambitious Bitcoin strategy. Humor lightens the mood as they share experiences of living expenses in New York City, providing a blend of serious insights and entertaining anecdotes.
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ANECDOTE

Masayoshi Son's NVIDIA Bet

  • Masayoshi Son, a prominent tech investor, claims NVIDIA is undervalued.
  • He's known for making and losing fortunes, previously investing in Alibaba, WeWork, and ARM.
INSIGHT

Tech Sell-Off

  • Microsoft's performance has mirrored the S&P 500 since October 2021.
  • Despite good earnings, recent tech stock reactions suggest investors now want exceptional results or are selling the news.
INSIGHT

Election Betting

  • Despite close polls, many want to bet money on the election outcome.
  • This behavior is driven by strong personal convictions, not necessarily rational financial expectations.
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