Discover and read the best of Twitter Threads about #keepingitreal
Most recents (1)
1/If you owned growth stocks this year - like we did at Altimeter - you got your face ripped off. As a hedge fund we expect to lose less than the indexes on the way down - this year we have lost more. Our Big 4 - Snow, Meta, MSFT, and Uber are all down big. #keepingitreal
2/ Despite concerns about valuations - we didn’t hedge enough. We expected a gradual reversion to avg multiple as rates normalized, but we didn’t forsee a war in Ukraine or fears about hyperinflation /runaway rates. Markets moved fast- we moved too slow. cnbc.com/video/2021/10/…
3/ Stocks are now cascading lower. Growth multiples are near 10 year lows. And all the talk is of war, inflation, rates, and recession. We are likely already in a recession, demand is slowing, and inflation peaked in March. So what next? Key to have an operating framework.
