Leigh Drogen, founder and CIO of Starkiller Capital, describes his primary professional influences to Ted Seides.
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“We try and pattern ourselves off of some mix of AQR and Tiger Global, and I think he's done it right, and he's taken his lumps along the way sometimes, but Times like this, he gets to come back and say, Hey, look, you know, the process works.”
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More from Leigh Drogen
Opinion
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“The biggest thing that coming into this world, even being a Geller, That I learned at Estimize in talking to so many of these firms about their process for generating trading ideas and fundamental estimates and all of this stuff is really that at the end of th…”
Leigh DrogenJun 2, 2022▶ 21:57Leigh Drogen – Quantamental Approach to Crypto at Starkiller Capital (Manager Meeting, EP.32)
Opinion
Drogen: Bitcoin is an investable global digital religion and Ponzi scheme
“This stuff was just religious proselytization as a financial asset. Like if you could own a digital religion, would you want to? Yes, absolutely. The first global digital religion that is basically a Ponzi scheme But you can own it. And that seems like a great…”
Leigh DrogenJun 2, 2022▶ 24:09Leigh Drogen – Quantamental Approach to Crypto at Starkiller Capital (Manager Meeting, EP.32)
Opinion
Drogen: Anyone claiming to know which crypto tech wins is lying
“My hypothesis here in this entire technology ecosystem, and this goes back to the mistakes that I made in 13 and 15, is I don't think anybody understands which one of these technologies is going to win long term. And if they tell you they do, I think they're f…”
Leigh DrogenJun 2, 2022▶ 29:27Leigh Drogen – Quantamental Approach to Crypto at Starkiller Capital (Manager Meeting, EP.32)
PredictionNot checkable as stated
Drogen: Bitcoin will not become a global reserve currency or inflation hedge
“The techno libertarians who felt that this could be a new global reserve currency, that it was an inflation hedge, that you could extricate yourself from holding fiat government currency and things like that. I think a lot of people drank that Kool-Aid, and it…”
Leigh DrogenJun 2, 2022▶ 52:35Leigh Drogen – Quantamental Approach to Crypto at Starkiller Capital (Manager Meeting, EP.32)
Opinion
Drogen: Liquid crypto token quality is worse than dot-com bubble equities
“Now, unlike the public equity markets back then, even through the tech bubble, where there was a lot of shenanigans and bad companies that went public, it's not even close to the number of terrible projects and things that are tokens today. Like the percentage…”
Leigh DrogenJun 2, 2022▶ 37:53Leigh Drogen – Quantamental Approach to Crypto at Starkiller Capital (Manager Meeting, EP.32)
Insight
Drogen: Crypto investors must avoid cynical 'midwit' overanalysis to succeed
“The goal in crypto is simply don't be the midwit. That's it. Just don't be the midwit, because there are a million reasons why a marginally smart person would look at all of this stuff and say, that's ridiculous. That that is never going to work. That there's …”
Leigh DrogenJun 2, 2022▶ 49:09Leigh Drogen – Quantamental Approach to Crypto at Starkiller Capital (Manager Meeting, EP.32)
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