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 11 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
Philippe Laffont: ChatGPT subscribers reduce Google page views by 8% to 11%
“Absent chat GDP chat GPT, maybe Google page use for particular user growing four percent per year. So we are consuming more Google. Then we get a subscription to chat GDP, which we Chad, Jesus Christ, I confused GDP and GPT. We get a subscription and now we're…”
Lafont: Government tech M&A blocks backfire and harm small companies
“What's weird to me is that the government By trying to protect small companies and not allowing big companies to buy small companies. So big companies get bigger. I think it's got the reverse effect where now small companies have one less chance of winning. An…”
Philippe Laffont: Investors can no longer afford to ignore Bitcoin
“And I don't think we can afford to ignore it anymore. So it doesn't mean like we don't really know exactly when and how to own it.”
Laffont: AI compute tokens will outweigh the economic impact of trade tariffs
“I like to say that tokens trump tariffs.”
Laffont: 2.5%–3.5% Productivity Growth Can Lower US Debt-to-GDP
“If productivity for the next decade or so was about two and a half to three and a half percent per year, we could achieve substantial reductions in this key ratio Of debt to GDP.”
Lafont: Large unicorn IPOs require $1B in revenue and breakeven path
“There's two criteria as one is, can you get to a billion of revenue? Open AI would be check, check, check the box. But the second one is, do you have a sort of a break even or a path to break even?”
Lafont: VC will face fewer but bigger exits, increasing risk
“There's gonna be less exits and bigger exits. So it's gonna make the business that much more risky.”
Philippe Laffont: Consumers will soon be able to automatically invest in bonds
“So I bet you that in the not too distant future, people will be able to automatically invest in bonds.”
Philippe Laffont: Cloud computing could see a dozen hyperscalers emerge
“You could have a world with more like a dozen hyperscalers than like the two or three that we've had before.”
Laffont: Large private companies avoiding public markets will face heavy regulation
“I just think that these super, super large private companies, if you're not willing to submit yourself to sort of the sunshine and the ray of light of the public markets, you're going to get it through a regulatory agency. So pick your poison and be careful th…”
Philippe Laffont: Coatue processes 100 million credit card receipts daily
“As part of the data science that we do, we process probably a hundred million credit card receipts a day. So we have a very fine view of what the US consumer does. And we have another data set where we know what consumers do based on their email receipts.”