Private Marks
topic on 2 shows · 2 statements across 2 episodes
2 statements about Private Marks, every show
Lessin: Private Tech Marks Are Mostly Bullshit and Will Break the Market
“It's more complicated than this, but I actually think the way it breaks is when people realize that most of the private marks on most of this stuff is all bullshit. That may take a long time for anyone. It may be a game that everyone just plays, just agrees to…”
Gurley: Staying private indefinitely will trigger sudden, severe valuation write-downs
“That staying private forever has consequences. And unfortunately, the way it'll show up is some people will have kept some private marks in their very large positions and very large portfolios for a very long time, and then they'll be corrected all at once.”