The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Laffont: AI market shifts signify the end of the Magnificent Seven
“To me, it's a little bit like the end of the Mac seven.”
Laffont: Blocking big tech M&A eliminates vital startup exits for VCs
“There's such a view that, like, large companies are bad, and we gotta bust them, and we're not gonna let them do any M&A. And as a result of that, small companies no longer get bought by big ones. And for me, it's a disaster, because if I fund small companies,…”
Laffont: Retailers pass only 50% of tariff costs to consumers
“And there's this sort of false narrative that when you have tariffs, like a hundred percent of tariffs are going to get passed through in pricing and therefore tariff is like a tax, right? That retailer told us that they think only about 50% of the tariff gets…”
Laffont: Tech companies harvesting cash cows and buying back stock fail
“I find these companies that decide to harvest, you know, the cash cow and buy all their shares back, you know, it never really works.”
Laffont: Tech companies face a widespread shortage of AI chips
“Everybody has a gigantic shortage of chips right now. That I know for sure from all of our private companies, public companies, there's a shortage of chip, a shortage of compute power.”
Laffont: Concentrating 80% of portfolio in five stocks is excessive risk
“If you think there's only five, and all these money managers, you know, they have like five stocks that represent 80%, I feel the level of risk that you're taking is too high”
Laffont: Coatue interval fund charges 1.25% management fee and 12% incentive fee
“These are things called interval funds, and it seems like the fees were more like 1.25 and 12. And so we're like, well, can we live at 1.25 and 12? And I was like, yeah, you know, it's a really good deal for other people”
Laffont: Bezos and Dell families provided $1B to launch Coatue fund
“So I went to see the family offices. I didn't quite see the founders directly, but the family offices for both the Bezos family and then the Dell family. And I sort of pitched them the idea. They liked the idea. Then we pitched it to the founders and then we g…”