ACQ2 by Acquired The Idea Dinner #1 (with Mario Gabriele and Packy McCormick)
Feb 26, 2021
Join Mario Gabriele, the founder of The Generalist, and Packy McCormick, author of Not Boring, as they share unique investment insights over their favorite drinks. They dive into the buzz around SPACs, tech investing strategies, and the dynamics of 'idea dinners.' Hear thoughts on Bitcoin's supremacy as a reserve currency compared to traditional assets and their intriguing take on the New York Times' digital evolution. With laughs and lively discussions, they navigate the cutting-edge landscape of modern investment opportunities.
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Episode notes
Square Sale Regret
- David Rosenthal's biggest investment mistake during the pandemic was selling Square at $60/share.
- He underestimated Cash App and the resilience of small businesses, a costly misjudgment.
Pandemic Investing Lessons
- Investing during the pandemic taught David Rosenthal two lessons.
- First, avoid overthinking; second, winning companies can exceed expectations.
Bitcoin Upside
- Bitcoin's potential 10x growth is tied to the gold market cap comparison.
- Further upside exists if Bitcoin becomes a reserve currency, adding another 10x.