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: AI disparity will force NYC luxury apartments to hire armed guards
“The wealth disparity that's already extreme in the US is going to become even more extreme, and one of the first effects of that is just going to be that we're going to live in a less safe society, where in your New York Fancy apartment where you have your doo…”
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: AI will inevitably replace human financial advisors' advice and emotional support
“And AI, if you look at like agents what we've launched, that does number one now. And so two and three is going to be replaced as well. It's just a matter of time”
Abraham: Securities prediction markets will dramatically surpass US sports betting volumes
“My hunch would be that the volumes around that in the long term will be dramatically higher than what the market of sports betting is in the US.”
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: Highest-multiple public companies are story stocks with high retail ownership
“If you look at the companies that are trading at the highest revenue multiples, they're all companies that are like story stocks with a high retail ownership.”
Abraham: Charles Schwab hasn't been disrupted because it doubled in five years
“Schwab hasn't actually been disrupted yet, really, because that company actually, you know, still doubled in the last five years.”
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: 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: Average financial advisor age is roughly 60 and rising yearly
“The average age of financial advisor goes up by, you know, a year every year. I think the average age is actually roughly 60 or so already, you know”
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 …”