SNL is over, Elon bombed, and probably media attention will fade from DOGE over the next few days, dragging buying pressure down. What next?

Seeing what is happening with $GME, I can’t help but thinking that this will fundamentally alter the way tail risks are modelled. Investment decisions will now need to include “community-driven risks”

Asset management is a topic that people find less exciting than mushy peas. But it’s a big topic - *80 trillion dollars* big. A few thoughts on trends in asset management that will persist in the coming years 🧵

⏫ The big get bigger. Similar to what is happening in the startup space tech companies, and in the stock market, the bigger fish are getting bigger. Most new inflows go to established, large asset managers, which can achieve even better economies of scale.

Great conversation right now on network effects, crypto and the Ethereum ecosystem by @balajis, @shl, @pmarca on @joinClubhouse