Gavin Baker
speaker
2,717 appearances
14 recordings
4 series
first heard Dec 2024
last heard 26 Jun
Gavin Baker’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jun 2026 with 6.
Appearances
CMGI had no revenue and the stock went from $2 to $2,000 over the course of six months.
Then buy Foxborough Stadium.
They're on the cover of Time Magazine and they're out of business two years later.
That is very different than Anthropic, OpenAI and SpaceX.
These are extraordinarily real businesses.
So I think the better compare is like 2021.
Yeah.
right, where valuations get ahead of themselves or they're at the top end of the range, we could have a normal run of the mill consolidation in the public markets in the semi index of 10 or 20%, which means high beta would be down 30 to 40%.
And a lot of people who just got in would be panicking, right?
But the people who have been in for six months or three years would notice that that's just a blip.
I don't think it's at all like 99 needed.
I mean, I take a company, you know, in that what I call inflection growth, Jamash, so these are companies, the thousand companies that are over 3 billion, but let's call it sub 50 billion.
I think it's the trickiest area of the investing landscape because they're the beneficiaries of high valuations, yet they still have binary risk.
Right.
Right?
Like, Anthropic OpenAI, SpaceX, I don't think these companies have binary risk.
I agree.
But there are a lot in, you know, in that bucket that do.
And so, I mean, we own most of the ones I want to own.
I can't give you one that we don't want to own.
Showing 1661–1680 of 2,717 · page 84 of 136
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