The Compound and Friends Tom Lee Says It's Still Early
175 snips
Aug 22, 2025 
Tom Lee, CIO and Portfolio Manager at Fundstrat Capital, shares his bullish market insights. He discusses the potential for a V-shaped recovery and the unique opportunities in an AI-driven economy. The conversation also covers the generational divide in cryptocurrency investment, particularly regarding Ethereum. Additionally, they analyze current economic indicators and the implications of the Federal Reserve's decisions at Jackson Hole. Lee's investment philosophies and strategies, including his thoughts on navigating a stock-picker's market, add to this engaging dialogue.
AI Snips
Chapters
Transcript
Episode notes
BitMine Pivoted From Mining To Treasury
- Tom described BitMine's pivot from Bitcoin mining to holding Ethereum as a treasury strategy.
- He explained the move cuts capex and turns the company asset-light while holding ETH as the primary asset.
Banks Could Become Tech-Like Winners
- Tom argued financial firms could re-architect into tech-like businesses and trade at growth multiples.
- He said big banks can capture value via power laws and reduce staffing while increasing 'rake.'
Fast Declines Tend To Produce Fast Bounces
- Tom observes market declines and recoveries are symmetric: fast falls lead to fast bounces.
- He quantified the typical recovery takes ~1.4x to 1.7x the time of the decline.