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 1 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
Vasavada: Tech billionaires' 'all-cash' mega-mansions are actually financed by margin loans
“So like when you read those stories of like, I'm sure you've, Read a bunch of them of like, blah, blah, blah. Tech billionaire buys fifty million dollar house, a hundred million dollar house, all cash paid. They're not paying in all cash. What they're doing is…”
Vasavada: Pension Funds and Endowments Are Overallocated to Venture
“So if you look at the side of the managers, most managers are tapped out on LPs.
So if you go, if you're starting a venture fund tomorrow or you're starting a new middle market private equity fund and you're going to go pitch the traditional pension funds, end…”
Vasavada: Sub-2% of $83T Retail Wealth Is in Alternatives
“There's 83 trillion dollars and sub three percent of it, sub two percent of it is like less than, you know, two trillion dollars is in kind of what you would call alternative assets today, which means there's a massive, massive opportunity to sell alternatives…”
Vasavada: Vise's largest client manages more than two years of VC deployment
“Like our biggest client has more AUM than the entire venture industry deployed over the last two years. And they're an RIA.”
Vasavada: 60% chance of a recession in late 2025 or early 2026
“If it's not this year, it would be late, like Q-three, Q-four it'll probably be early next year.
What do you think the current odds are on that?
I would say, 60% chance of a recession.”
Vasavada: Enterprise RIA assets will hit $10 trillion by 2032
“Over the next five to seven years, that market will go from two trillion dollars in assets to 10 trillion dollars in assets.”
Vasavada: Capital is moving out of Hong Kong into Singapore
“It's the same thing in Hong Kong. Everyone's moving money from out of Hong Kong into Singapore.”
Vasavada: Most multi-billion-dollar single family offices outsource investment management
“Most single family offices that have clients with a few billion bucks are typically outsourcing the actual core investment management to an RIA firm.”
Vasavada: Vise went from seed to unicorn in 18 months via Sequoia
“So we went from seed to unicorn in like 18 months, which was kind of insane. Now it's happened a couple of times with, you know, these AI companies, but at the time it was kind of unheard of, especially for one company to raise continuous back to back financin…”
Vasavada: Vise scaled to around 150 employees before downsizing
“So we actually scaled the company to like a 150 people or something. It was way more than 70 people, but we hired a lot of managers, like senior executives, people that had come from companies like Meta or Dropbox or others where they'd been used to having 102…”