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 13 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
Abraham: Public has virtually zero churn and 25-year expected user lifetimes
“Because we're also building for portfolio builders, so people that actually just compound wealth over time, we essentially have no churn. Like, our lifetimes are like, 25 years plus. They literally, like, that, that line is just straight at some point, and jus…”
Abraham: Closed-end funds are a flawed instrument for retail private access
“We haven't found the instrument yet to really open up, you know, like private companies to retail investors. And so if close-time fund is the best thing we got going so far, okay, there's some exposure there that people can take advantage of, but I still think…”
Abraham: Public plans to launch prediction markets and event contracts
“No, I think prediction markets or event contracts, but as I said are a very powerful tool. We're going to go into that at some point ourselves”
Abraham: Public's incoming account transfers primarily come from legacy incumbent brokerages
“Actually if you look at where people ACAT accounts from, You know, where they like consolidate brokerage accounts from for us. It's Schwab, Fidelity, E-Trade, Vanguard, and then Merrill and Robinhood. So, so we are much more competing with the incumbents than …”
Abraham: Public abandoned its democratization mission to focus on top-quartile investors
“When we launched the company, we were much more on this mindset of like democratization, public for everyone, you know, no, no, no. Then we were, as we then built through it and kind of made our learnings and we're like, you know what, we've got to focus on th…”
Abraham: Public's top AI-generated asset basket is defense stocks, up 350%
“The, I think the best performing generated asset on the platform right now is defense and Weapons manufacturers. One that is like up 350% in the last month. Or something, you know.”
Abraham: Public is refusing to build a general money super app
“And so we're not going to build the money super app, you know, we're rather going to be the investing super app, for lack of better wording because our types of customers, you know, that is where their financial lives really are centered around”
Abraham: Public's internal AI agent autonomously converts Jira tickets into frontend code
“There's one agent called Cody, which is like, basically like a frontend engineer that we have that can literally turn a Jira ticket into perfect code that just, it's, you know, sets for an engineer to review and merge, and like, it's autonomously just working …”
Abraham confirms Public has billions in assets and doubling revenue
“I think I asked you, and I was wondering what your numbers were, and you said millions of users, billions of assets, billions of trading volume, and revenue doubling every year.
[916] Molly O'Shea: So is that
[917] Leif Abraham: That is accurate.”
Abraham: Going public was one of Robinhood's best strategic decisions
“Even for Robinhood, I think one of the best things I've ever done is to become public. Because you suddenly can build a retail base of followers that own your stock, that will root for you. And I think that today that is a very powerful thing.”
Abraham: The top 25% will inherit 85% of the great wealth transfer
“85% of that money will be inherited by the top Quarter over the top 25%, and so that's literally where the money is at in our space”
Abraham: The average age of a Public investing user is 38
“Average age in public is 38, so call it like mid-millennial kind of thing, I would call it.”
Abraham: Public launched AI agents to automate users' brokerage account workflows
“So we just lost agents for investing. And what that helps you do is to essentially automate any type of workflow in your brokerage account. That could be a trading strategy, that can be money movements, that can be alerts you want to set up to some regard.”