Wall Street

“And also, they took the rare step of projecting 70% revenue growth for next fiscal year, ending Jan 20 28, way above the 44% street expected.”

“Which is really, I think the reason why the stock is up eight percent today is not just the great quarter, but the fact that they guided To 70% growth next year, whereas the street was only expecting around 45%.”

“I think if they had made that Communicate that more consistently. They would be in a better place generally from a PR perspective. They would have been a better place relative to Apple, and I think they would have an easier time right now convincing Wall Stree…”

“Wall Street big names join NVIDIA to build a five hundred billion dollar AI financing package, a landmark lending plan.”

“If you don't know somebody has to liquidate, the best thing for you to do, unfortunately, sadly, Darwinian, is to go sell all the positions you have in common, then go start shorting everything they have and it accelerates the sort of downfall as quickly as yo…”

“I think the most unexpected thing is it would be if we saw brand new all-time highs for the entire thing. I think almost everyone on Wall Street is skeptical this will happen, which means is it has a chance of happening.”

“We will let it simmer, she would routinely say. It was her standing counsel against deciding anything in haste, and John D. Rockefeller would use those exact words to outmaneuver and outweigh Wall Street tycoons and independent refiners for the next 70 years.”

“Eventually a bunch of these public market CFOs are going to show up to Wall Street and they will have missed earnings because they're up at some point if things are 21 xing every few months, somebody's going to miss a quarter.”

“The collapse in the SAS multiples, and you've said this, has happened because of the collapse in the SAS growth rate. I mean, we didn't just, you know, like the average company used to grow at 30%, and now it's what? It's sub 10. It's 10.”

“I would argue that those have started to flip now, whereas like Wall Street, because all these businesses have gone public you know, on Wall Street, you're comped on RSUs, and you're thinking like a firm, and you're, you know, maybe it's, especially at the top…”

“I've always thought of Wall Street as the buyer of the product that venture capitalists create because of the eventual liquidity is either an M&A or an IPO. And now the price is being set by that group and that institution. So if I know what they value, even i…”

“It is financially, if you look at it like with a Wall Street hat on, nonsense. Right? At a 1.75 trillion dollar valuation.”

“Because of Vanguard's relentless cost-cutting and low fees, Vanguard has saved investors over five hundred billion dollars in fees and trading costs since its founding in 1975, and as a recent book The Bogle Effect argues, Vanguard's actions also forced the ha…”

“9000 Banks failed after the Wall Street crash of 1929. Nine million individual family savings accounts were wiped out. Almost a 100,000 businesses failed. Unemployment reached 25%,”

“When wall street lets you spend, it doesn't punish your stock. You should spend every dollar on the balance sheet. They'll let you because you'll build it back up, but it's trapped when growth slows”

“When you're good at something you don't love, the golden handcuffs get tighter.”

“When nobody believes, that's when you know you're actually doing something interesting.”

“I think it's going to get worse before it gets better, because my guess is as open AI and anthropic IPO, wall street's going to scrutinize their unit economics. And it's probably going to ask them to raise prices, push them to raise prices on inference.”

“The feedback loop on Wall Street is massive. It's the quickest feedback. Your nervous system is getting attacked constantly. So I would have to tip my head to wall street traders and PMs. I think it's a little harder because you are dealing with massive uncert…”

“Before this war, markets were pricing in two rate cuts for 2026, and now Wall Street is pricing in zero cuts this year, and some are starting to whisper about rate hikes.”

“SF and Silicon Valley, like it's an elite dominated society, whether we like it or not. It's probably more akin to Wall Street in the 19 nineties than it is to what we want it to be, which is like, you know, a research lab in Cambridge in like the 19 fifties.”

“Based on my understanding of day trading in a Wall Street context, you know, prior to maybe the crypto world, I don't, I'm not aware of any signal that suggests that's a durable skill. And I think the data points the other way”

“AWS went up 24% in the fourth quarter, which is kind of astounding. But they said they were gonna spend two hundred billion dollars in CapEx. A 60% increase from last year and far above Wall Street expectations, obviously.”

“For people who are in the beginning of their financial journey, the hardest feeling is feeling like you don't have enough money, but once you get to that level, on Wall Street what I learned is people have a harder time finding opportunities to actually deploy…”

“We think that Wall Street is getting a little short on places to stick the stumps. They're coming up in special situations funds. They're coming up in interval funds. They're coming up in places that people may not appreciate what happens when you're not getti…”

“So the ability to move quickly because you're not managing billions, at least typically most of us aren't. And also the ability to have patience are two hugely underrated advantages that really can make you money as a small investor.”

“Board is telling me that, yeah, we are going to have to put a CEO here who looked like a wall street. Yeah. Acceptable CEO. Yeah. This is like a star from the central casting. So we hired, you know, this guy from HP as it was general manager of a division and …”

“The current financial markets, they don't relate to a lot of people like, you know, trading stocks or options or futures, like people don't really understand them. And the game is sort of rigged. It's rigged on behalf of like for Wall Street against Main Stree…”

“Silicon Valley loves to score on Wall Street for focusing on money. But honestly, most of the Silicon Valley is chasing the same thing.”

“In this market, it's been fun because we are viscerally exploiting or have been the specialist trap, where if you're an industry Wall Street specialist, you've looked at the same industry for 15 years, you're in an echo chamber talking about Peer analysts, man…”

“So if you look at that estimate, you know, starting in 20, 27, it basically flatlines 27 through 29 for Nvidia. Right? Less than 10% CAGR in terms of the growth for NVIDIA. They have by 20 29, them doing three hundred and sixty billion in revenue compared to t…”

“When I first joined Shopify in 2019, I think it was among the highest, most shorted stocks on Wall Street. Because people made a category mistake about Shopify.”

“In 1987, Peterfi achieved what he had first dreamed of in 1971, so that's 16 years of trial and error. The first fully automated trading system in Wall Street history. His machines could now place trades without human intervention.”

“But of the 25 sell-side analysts on Wall Street who cover your stock, if I look at the consensus estimate, it basically has your growth flatlining starting in twenty-twenty-seven. Eight percent growth twenty-twenty-seven through twenty-thirty, ok?”

“And what it shows me is still, even though we're two and a half years into the age of AI, a massive divergence of belief between what we hear Sam Altman saying, you saying, Sundar saying, Satya saying, and what Wall Street still believes.”

“The consensus for the banks is three hundred and sixty billion dollars of spend next year across all of them.”

“What's going to happen is you're going to have a bunch of people who are just going to, who have no business, you know, building in that space, go into an extremely competitive space with, by the way, a bunch of sharks. There's like a bunch of like, Oh yeah. W…”

“I remember five years ago, one of my companies was going public and the rage on Wall Street was net retention. I was picking a random one. I was already at my 11th grade math. So I'm like, this is one of the least informative numbers I could think of. And yet …”

“And I think that's actually what's going on in the Valley right now is like, things are moving so quickly. AI is so disruptive. There's all this stuff going on. You know, there's super empowered individuals coming out. It's just crazy. And so I think everyone …”

“I actually think that venture capitalists are probably the least sophisticated financiers, like on the planet. They just have hope, right? Like it's the only hopeful version of finance, right? Because it is like, you know, you're basically investing in people …”

“JP Morgan himself warned a colleague, watch out for this fellow mayor, because if you don't, he'll end up having all the money on Wall Street.”

“Revenue in the June quarter was roughly flat at 12.9 billion, beating Wall Street's expectations. The quarterly loss, though, widened to 2.9 billion for the quarter from a 1.6 billion loss in the year earlier period. The results represent the company's sixth c…”

“Like in oh seven, the bridge book of Wall Street was four hundred and fifty billion dollars. Today it's forty billion.”

“We've bought back let's see, we were, I think we peaked at a hundred and fifty-five million shares, and we're at a 133 and change, so we've bought back a lot of stock. All the stock that we went public with at 31, we bought back at a lower price, if you want t…”

“Pressure the top performers to go into two of the most uncreative jobs out there, Wall Street and consulting, or idealized startups that will require sleeping on floors.”

“And there's more than enough, like, in certain asset classes, right? Community, solar, commercial solar assets, multifamily energy efficiency, the volume of deals has been done, but can we bundle them together, find somebody who's willing to warehouse and be i…”

“If you're a founder and you like big teams and you like scaling, but you don't want to do the IPO, leaving 12 months before the IPO is the right time, right? The market's not going to be shocked, and you like scaling, you like people, you just don't want to de…”

“One thing I'll add is like, there's kind of been this like Wall Streetification of VC”

“When The core strategists inside of MAGA figure this out. One of the big takeaways is that they're not going to care about the stock market in Wall Street. And a lot of the policies will be viewed through the lens of Main Street.”

“I put those people in the same category of humans that are in the rat race on wall street. It's the same thing. It's just a different industry. You know, you're still trying to climb the biggest mountain and do it the fastest and be out there. And You know, it…”

“I think that it won't be so easy also for, as I noted, for all these companies to pull back spend because they've already committed to buying X number of H. 200 chips, and then soon enough, we'll get the next iteration, you know, announced down the road, and s…”

“We asked Pat Gelsinger, who was asked to leave in Intel. And I said, is it, was it the permitting reform? And he said, no, it's that the capital expenditures to make Wall Street's numbers were, was very high and there was no, no procurement.”

“In 20, 23, you had 26 analysts on Wall Street covering NVIDIA. And the consensus forecast of all 26 of them missed by 80%.”

“We shouldn't be just comped to dating apps when they talk about kind of what the multiple on the stock should be. That we should be comped as much as to social network products and comps as much as we're comped to dating products.”

“So corporate carve outs are always been our classic example, where on the other side was a big public conglomerate, new CEOs installed, wants to divest from a particular business unit that's underperforming. That's a great setup. They typically have a time clo…”

“In the finance world, especially at that time, it was very common to do three or four work dinners a week, and steakhouses, boozy dinners, and Inevitably, it was probably almost a 150 to 200 work dinners a year.”

“Wall Street was definitely this idea that you could go to Wall Street and finance in New York and in your twenties, make it to the top. And that's at 100% true in Silicon Valley in tech, even today. But I don't think it's been true in Manhattan finance for dec…”

“Zoom says they're almost stopping issuing follow on grants because Wall Street won't let them do it.”

“I believe that in 2012, Wall Street, which I think Wall Street fundamentally has been the main beneficiary of globalization, of a lot of the policies that I pushed back against and criticized over the last 30 years, Wall Street went three to one for Romney ove…”

“We're not a subscription business. It's harder to understand what's going to happen, especially when, like, You're completely turning over the inventory of your website every single day with completely new stuff. So, so I think we were like difficult for wall …”