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
Derek Capo: Activist hedge fund strategies harm businesses long-term
“And the thing is that actually hurts the businesses in the longterm, like really hurts the businesses in the longterm. And I think yeah, you know, makes their investors money and stuff. But at the end of the day, it actually hurts future shareholders.”
Capo: Hedge fund got repeatedly stopped out shorting housing stocks before crash
“What ended up happening was the last year I was there, we were shorting housing stocks. We were shorting mortgage insurance companies. It just kept going up. They just, they kept on going up on us. We kept on getting stopped out”
Capo: Working at a hedge fund cost him early internet marketing opportunities
“Because I worked at the hedge fund, I built up business skills, and I didn't build up marketing and kind of hustle skills. I missed out on a lot of ways to make money”
Capo: JetBlue trade netted $3M to $4M in two weeks
“My biggest win, ah, was I think buying JetBlue. It was actually, ah, it was actually early in, in the time when they were still growing, and I think I made them within, I think in about a week or two, I made them like three or four million dollars.”
Capo: Peregrine Software holding produced $9M to $10M profit
“There was another one called Peregrine Software, where my boss had had the position for a long time, and I had been in charge to start monitoring the company. I went over to meet the CEO in Atlanta and I came back and I said, no, we're not selling the position…”
Derek Capo: Hedge fund trades depend on 3-to-6-month catalysts
“Well, usually whenever we make investments we always try to look for a catalyst that's going to happen within the next three to six months. It's going to get the stock to move higher, whether it's a corporate event whether it's earning surprises, whether it's …”
Derek Capo: Everest Capital Main Fund Managed $300M-$400M Around 2004
“The main fund at that time, I think, was about 300 or four hundred million dollars, and we put about a one or two percent position, which basically means two percent of the entire fund was invested into buying shares of the company, and so two percent of like …”
Derek Capo: Starting base salary at Everest Capital was $30,000
“Oh, at that time, it was 30,000 dollars.”
Capo: Top-school peers at Everest Capital made $100k+ base plus 2-3x bonuses
“Everybody that was my co-worker were basically people from Stanford, Columbia, Harvard, you know, UPenn, you name it. They got paid a hundred and something thousand dollars a year, and then they were paid the bonuses, and the bonuses could have been a certain …”
Capo: China study abroad business generated $2.2M+ from 300+ customers
“So the average, yeah, the average is about seven or eight. I'm saying in the summers, we would have kids that would pay us like four or five grand, and then we would have in the fall, we would have people that would pay us between seven to 12,000 dollars on av…”