tech market

“I believe it is, but I also believe, so what if it is or it isn't, you know, what really matters is your one company. Not the big picture.”

“I think in really good times, you feel extremely, you know, probably People feel a little overconfident. Right now, it's probably one of those times”

“In addition to that, this is an asset class that's not correlated with the overall economy and has half the volatility of the tech market.”

“Compared where we were to the dot-com bubble five years ago, and I have a little bit of a chicken little reputation issue here, but things are clearly more like 99 today than they were five years ago”

“In the lead up to the great financial crisis mortgages were going bananas. You had LBOs going bananas. Investors and venture weren't to the same degree. You didn't see companies in the public markets in tech or the privates trading at You know, hundreds of tim…”

“We actually think most many or most tech markets play out in market cap in a similar way where the leader captures the vast majority of the market cap creation.”

“And don't get me wrong, I'm still, like, incredibly bullish on the market and AI. I think we're much more at, like, 96 or 97”