US Equities

“When we say a huge part of the portfolio, 50% or more has to be generic US equity risk. We invest on the behalf of a U.S. Institution. Their expenses are dollar-based. We don't want to have too much overseas risk.”

“There are already some perps on, so there are gold perps tokenized gold and there, I think the answer to when is probably in the next year, because HIP three I think is unlocking a lot of this. So basically letting, it lets anyone kind of come and deploy their…”

“We trade at, because of all the benefits of us growing faster and having better companies, bigger talent pool, that, that resulted in most of our equities trading at somewhere between five and seven turn multiples higher, multiple trillions of value.”

“And from 1966. Until 1984, you had a negative real return.”

“Shows that U.S. Equities have indeed crushed global equities in the last, call it, 30 years. Don't hold me to the exact numbers, but call it 80, 85% of that victory has been multiples going up. U.S. Started out cheaper and is now considerably more expensive in…”

“January first, 20, 24, expected equity returns are eight and a half percent nominal. You take out the inflation expectations. Your real equity returns are from the mid sixes, low to mid sixes. Not great, not compelling, but a heck of a lot better than Real thr…”

“More or less, the U.S. Return is about 10 and a half percent. Non-U.S. Developed market equities close to six percent. Emerging markets slightly above developed market equity at about six and a half percent. So that's a 400 basis point under performance during…”

“And that's why coin search wants to evolve from a crypto only company to a crypto first company today. Crypto is what we are known for, but tomorrow we want to add mutual fund stocks us equities bonds into our ecosystem, helping user diversify.”

“If you took what it would take to pay off the corporate debt plus the corporate equity value in U.S. Equities, you're talking about 26 years if it was like a family business and you're trying to pay off your parents as you inherit this business, it would take …”

“I do recommend owning as few US equities as you can face.”

“Because if Biden or Trump wins from a macro perspective, I think dollars going down, I think ten-year yields are going up. I think U.S. Equities are going to do well, but I think global equities are going to do better. Commodities are also going to do extremel…”

“There's this massive, massive, massive market of international investors, of small, of international retail investors who are now rushing into US equities.”

“You have pockets of assets that are richly valued. We think U.S. Equities, sovereign debt.”

“We've been talking about over the last year, and US equities have continued to do pretty well, but I think we're really pounding the table now that that's a place where we want to rebalance.”

“If I go by dollar count, it's much, much higher because many of our large public funds are passive in U.S. Equities and often running it internally for cost management purposes.”

“How many endowments are, you know, less than. 20% in U S equities. There are very few that have that exposure. You know, we have more emerging markets at frontier than the portfolio than we do there.”