What If This is Goldilocks?
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
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To nonconsensus investing. I'm Ram Alawwalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through this podcast, we draw back the curtain to reveal the strategies employed by the best in the business for their clients so that you too can invest beyond the ordinary.
Hello, everyone. Hope everyone is well. It's our next episode of limited nonconsensus investing. It's Friday, 2PM Eastern Time. I'll be at Monday 2020 this Sunday through Wednesday of next week. So if you're around, let me know. I've got a lot of time Sunday afternoon where I'm not booked, but I'm looking forward to being there really is the epicenter of where payments technology converges. So I'll be doing a few live streams there. So holler out if you are there. I've been busy, been a lot of travel the last few weeks. We were in Puerto Rico looking at some of the opportunities in that market
The capital asset pricing model and people figured out that this is I don't think venture is an asset class. Why not? It doesn't support the numbers. There was a lot of analysis back in the nineteen seventies and eighties with the capital asset pricing model, and people figured out that there's this asset class that supposedly has uncorrelated returns. And a bunch of asset managers deemed that they need to invest a certain percentage of their endowment of foundation or pension fund into this thing called venture capital. If you look at the data, they're basically 20 companies per year on avera
Yes.
Just think about that for a second. Where is that coming from? Figma is worth what? It's a lot. 40 ish billion. Let's say it's worth $030,000,000,000.00. If you start thinking in trillions and Figma gets you point o 3,000,000,000,000, you need thirty, forty, 50 Figma's every year. That's wild.
That's wild. Did guys know that? To justify the return on venture capital, you need 30 to 40 Figma's per year. By the way, he quoted Figma as a 40 doing evaluation. Guess what it has now? It's dropped. It is a valuation of 26,000,000,000. 26,000,000,000. It's like an IPO pop that burst. Right? So I think there's gonna be softness in the IPO market, animal spirits for a bit. I think digital assets can actually run, But these are, like, subtle distinctions and yet to be on the ball. We'll see what happens when, say, Bitcoin gets a 125 k. Can it get through there or these OG whales just sell, whi
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