Incremental Insights #28
The best finance related content I read, watched, or listened to during the week
2035: An Allocator Looks Back Over the Last 10 Years
A satirical future letter from an endowment breaking down their allocation choices in 2025. A pre-mortem disguised as a letter from the future of what could potentially go wrong in their portfolio. Except for Fartcoin, nothing can go wrong with a cryptocurrency called Fartcoin.
Glass Still Half Full
KKR’s 2025 capital markets outlook.
Meta's Path to a $10 Trillion Market Capitalization: A Bold Thought Experiment?
Meta's potential path to $10T market cap relies on five key factors:
AR glasses dominance & platform ownership
Core ad business reaching $73B FCF by 2035
AI monetization with 600M MAUs
Multiple expansion potential
AI Eats the World
Benedict Evan's presentation on the key macro and strategic trends shaping the tech industry in 2025.
Morgan Housel on Writing
Morgan Housel discusses his writing process and how he comes up with ideas. This is more for those interested in creating financial content, but it is still good.
The article " Freakishly Strong Base " serves as the blueprint for Morgan’s process. (Collab Fund)