<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Open Hedge Fund]]></title><description><![CDATA[Open Hedge Fund - Provides Investing Tips, Ideas, Research and more.]]></description><link>https://www.openhedgefund.co</link><image><url>https://substackcdn.com/image/fetch/$s_!fH5P!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fee0ab659-71a0-4c65-9080-7a3eae43647f_512x512.png</url><title>Open Hedge Fund</title><link>https://www.openhedgefund.co</link></image><generator>Substack</generator><lastBuildDate>Tue, 05 May 2026 15:50:21 GMT</lastBuildDate><atom:link href="https://www.openhedgefund.co/feed" rel="self" type="application/rss+xml"/><language><![CDATA[en]]></language><webMaster><![CDATA[openhedgefund@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[openhedgefund@substack.com]]></itunes:email><itunes:name><![CDATA[Steven Finch]]></itunes:name></itunes:owner><itunes:author><![CDATA[Steven Finch]]></itunes:author><googleplay:owner><![CDATA[openhedgefund@substack.com]]></googleplay:owner><googleplay:email><![CDATA[openhedgefund@substack.com]]></googleplay:email><googleplay:author><![CDATA[Steven Finch]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Ask.com has officially shut down, bringing an end to one of the internet’s original search brands]]></title><description><![CDATA[The site, once famous as Ask Jeeves, launched back in 1996 with a simple idea: let people ask questions in normal language and get answers back.]]></description><link>https://www.openhedgefund.co/p/askcom-has-officially-shut-down-bringing</link><guid isPermaLink="false">https://www.openhedgefund.co/p/askcom-has-officially-shut-down-bringing</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sun, 03 May 2026 16:40:36 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!78R_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F172e9fdd-3c20-42e4-b3a2-7a8be848873f_1024x614.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The site, once famous as <strong>Ask Jeeves</strong>, launched back in 1996 with a simple idea: let people ask questions in normal language and get answers back. In many ways, it was an early version of the behaviour we now see with AI chatbots &#8212; users typing questions, not just keywords.</p><p>But despite its early popularity, Ask.com spent most of its life in Google&#8217;s shadow.</p><p>IAC acquired Ask Jeeves in 2005, later dropping the &#8220;Jeeves&#8221; name and repositioning the company away from pure search. By 2010, IAC had already scaled back the search side of the business and shifted Ask.com more toward Q&amp;A.</p><p>Now the end has officially arrived.</p><p>A message on Ask.com says IAC has decided to discontinue its search business as part of a sharper company focus. Ask.com closed on <strong>May 1, 2026</strong>, ending roughly 30 years of internet history.</p><p>It&#8217;s a small but symbolic moment.</p><p>Ask Jeeves was never the biggest search engine. But it was one of the first to imagine that people wanted to ask the internet questions in a human way &#8212; something that feels very familiar in the AI era.</p><p>Jeeves may be gone, but the idea he represented is more alive than ever.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!78R_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F172e9fdd-3c20-42e4-b3a2-7a8be848873f_1024x614.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!78R_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F172e9fdd-3c20-42e4-b3a2-7a8be848873f_1024x614.webp 424w, 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stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[Grab is Acquiring US Based Stash Financial for $425 million]]></title><description><![CDATA[Grab Holdings, the Singapore-based &#8220;super app,&#8221; has agreed to buy U.S.]]></description><link>https://www.openhedgefund.co/p/grab-is-acquiring-us-based-stash</link><guid isPermaLink="false">https://www.openhedgefund.co/p/grab-is-acquiring-us-based-stash</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Fri, 13 Feb 2026 01:36:12 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!IGbT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F23289e40-337e-4d75-9738-0900914fd676_2200x1320.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Grab Holdings, the Singapore-based &#8220;super app,&#8221; has agreed to buy U.S. digital financial services company Stash Financial in a deal valued at roughly <strong>US $425 million</strong>.</p><p>The agreement calls for Grab to pay for a <strong>50.1% stake in Stash at closing</strong>, with the remainder of the company&#8217;s equity to be acquired over the next three years at fair market value.</p><p>Stash, a fintech platform that offers mobile investing and financial tools, will continue to operate under its existing brand in the U.S. after the transaction closes &#8212; expected in the <strong>third quarter of 2026</strong>, subject to regulatory approval and customary closing conditions.</p><p>Grab says the acquisition fits into its broader push into financial services, helping it add subscription revenue and financial technology capabilities as it expands beyond its core ride-hailing and delivery businesses.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!IGbT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F23289e40-337e-4d75-9738-0900914fd676_2200x1320.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!IGbT!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F23289e40-337e-4d75-9738-0900914fd676_2200x1320.webp 424w, 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stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[Does Claude Offer Good Long Term Memory and How Does it Differ from ChatGPT]]></title><description><![CDATA[Yeah - Claude does have long-term memory now, but it depends on which Claude version you&#8217;re using and whether memory is enabled.]]></description><link>https://www.openhedgefund.co/p/does-claude-offer-good-long-term</link><guid isPermaLink="false">https://www.openhedgefund.co/p/does-claude-offer-good-long-term</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Thu, 12 Feb 2026 11:34:48 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!-CQ6!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36815a07-0a6d-4545-9b6d-05e73b8a5b6d_1200x675.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Yeah - <strong>Claude does have long-term memory now</strong>, but it depends on <strong>which Claude version</strong> you&#8217;re using and <strong>whether memory is enabled</strong>.</p><h3>In plain English:</h3><ul><li><p><strong>Claude can remember things across chats</strong> (like preferences, projects, your name, etc.)</p></li><li><p>But it&#8217;s <strong>not always on by default</strong></p></li><li><p>And it&#8217;s <strong>not as &#8220;sticky&#8221; or automatic</strong> as ChatGPT&#8217;s memory feature tends to be</p></li></ul><h3>The key difference vs ChatGPT:</h3><ul><li><p><strong>ChatGPT memory</strong> is more &#8220;profile-style&#8221; (it saves little facts and uses them later)</p></li><li><p><strong>Claude memory</strong> is more &#8220;project / conversation continuity&#8221; focused (especially inside the same workspace)</p></li></ul><p>If you want, I can tell you:</p><ul><li><p>what Claude remembers well</p></li><li><p>what it <em>doesn&#8217;t</em> remember</p></li><li><p>and whether it&#8217;s good enough for serious &#8220;assistant over months&#8221; use</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-CQ6!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36815a07-0a6d-4545-9b6d-05e73b8a5b6d_1200x675.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" 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srcset="https://substackcdn.com/image/fetch/$s_!-CQ6!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36815a07-0a6d-4545-9b6d-05e73b8a5b6d_1200x675.webp 424w, https://substackcdn.com/image/fetch/$s_!-CQ6!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36815a07-0a6d-4545-9b6d-05e73b8a5b6d_1200x675.webp 848w, https://substackcdn.com/image/fetch/$s_!-CQ6!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36815a07-0a6d-4545-9b6d-05e73b8a5b6d_1200x675.webp 1272w, https://substackcdn.com/image/fetch/$s_!-CQ6!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36815a07-0a6d-4545-9b6d-05e73b8a5b6d_1200x675.webp 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[OpenAI launches “apps in ChatGPT” — the next wave in AI]]></title><description><![CDATA[OpenAI just dropped something massive &#8212; ChatGPT apps.]]></description><link>https://www.openhedgefund.co/p/openai-launches-apps-in-chatgpt-the</link><guid isPermaLink="false">https://www.openhedgefund.co/p/openai-launches-apps-in-chatgpt-the</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 07 Oct 2025 21:50:01 GMT</pubDate><enclosure url="https://substackcdn.com/image/youtube/w_728,c_limit/2C4Cs6503gw" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>OpenAI just dropped something massive &#8212; <strong>ChatGPT apps</strong>.<br>What started as a chat interface for information is quickly becoming the <strong>new platform layer for the internet</strong>.</p><p>This isn&#8217;t just an upgrade. It&#8217;s the start of a shift in how we&#8217;ll use software entirely.</p><div id="youtube2-2C4Cs6503gw" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;2C4Cs6503gw&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/2C4Cs6503gw?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><div><hr></div><h2>What&#8217;s Actually New</h2><p>The big idea: developers can now build <strong>apps inside ChatGPT</strong>.</p><p>Through OpenAI&#8217;s new <strong>Apps SDK</strong>, companies like Spotify, Canva, Expedia, Coursera, Figma, Zillow, and Booking.com have already integrated their services. You can now tell ChatGPT things like:</p><blockquote><p>&#8220;Make me a road-trip playlist in Spotify.&#8221;<br>&#8220;Find me a 3-bedroom house in Cornwall on Zillow.&#8221;<br>&#8220;Design a travel poster in Canva.&#8221;</p></blockquote><p>ChatGPT then pulls up interactive results <strong>inside the chat</strong>, not on a new website or app. It&#8217;s powered by an open standard called the <strong>Model Context Protocol (MCP)</strong> &#8212; essentially a framework that lets different apps safely plug into ChatGPT&#8217;s ecosystem.</p><p>There&#8217;s also something called the <strong>Agentic Commerce Protocol</strong> &#8212; meaning you&#8217;ll soon be able to make purchases and complete bookings <em>without ever leaving ChatGPT</em>.</p><p>In short: it&#8217;s no longer just a chat tool. It&#8217;s a <strong>super app</strong> &#8212; or maybe more accurately, an <strong>AI operating system</strong>.</p><div><hr></div><h2>Why It Matters</h2><p>This move has the potential to completely redefine how people use digital services. Here&#8217;s why it&#8217;s such a big deal:</p><h3>1. The AI Becomes the Interface</h3><p>Until now, we&#8217;ve used operating systems (iOS, Android, Windows) to open apps.<br>With this change, ChatGPT becomes the <em>layer above</em> all of that &#8212; the interface that talks to every other app for you.</p><p>You won&#8217;t open Spotify, Expedia, or Canva &#8212; you&#8217;ll just <em>ask</em> ChatGPT to handle it. That&#8217;s a profound shift in where the user experience lives.</p><div><hr></div><h3>2. No More App-Hopping</h3><p>Think about how fragmented your workflow is today.<br>You research a trip in one app, book in another, design an itinerary in a third, and pay through a fourth. ChatGPT&#8217;s apps tie all that together &#8212; one seamless, conversational flow from idea to action.</p><p>The barrier between <strong>thinking</strong> and <strong>doing</strong> is disappearing.</p><div><hr></div><h3>3. Powerful Tools for Everyone</h3><p>Tools like Figma, Coursera, or Canva can be complex for new users. Embedding them directly inside ChatGPT makes them instantly accessible.<br>You don&#8217;t need to know how to use design software &#8212; you just ask the AI to do it for you.</p><p>That could make powerful creative and analytical tools available to anyone, anywhere.</p><div><hr></div><h3>4. A New Kind of App Store</h3><p>OpenAI isn&#8217;t just creating integrations &#8212; it&#8217;s creating an <strong>ecosystem</strong>.<br>With in-chat payments and transactions coming soon, this could evolve into a new type of app store &#8212; but driven by <em>conversation</em>, not icons.</p><p>That puts OpenAI in direct competition with Apple and Google&#8217;s traditional app store models. It could reshape how software is distributed, monetized, and discovered.</p><div><hr></div><h3>5. Early Challenges</h3><p>Of course, not everything is smooth sailing:</p><ul><li><p>Europe is excluded from the initial rollout (thanks to regulatory complexity).</p></li><li><p>Developers will demand transparency on how apps are ranked, accessed, and monetized.</p></li><li><p>Data privacy and liability questions will grow &#8212; who&#8217;s responsible if something goes wrong?</p></li><li><p>And users may need time to trust AI with purchases, personal data, and decision-making.</p></li></ul><p>Still, every major platform shift starts with friction. What matters is the direction &#8212; and this one is huge.</p><div><hr></div><h2>The Big Picture: Why This Could Change Everything</h2><p>If OpenAI executes this vision, ChatGPT won&#8217;t just be another app &#8212; it&#8217;ll be <em>the layer that connects all other apps together</em>.</p><p>Here&#8217;s where this could lead:</p><ul><li><p><strong>Software gets rearchitected</strong> &#8212; instead of standalone tools, we&#8217;ll have composable chat-based modules.</p></li><li><p><strong>Workflows collapse</strong> &#8212; the distance between idea and execution shrinks dramatically.</p></li><li><p><strong>Access expands</strong> &#8212; the gap between &#8220;power user&#8221; and &#8220;casual user&#8221; disappears.</p></li><li><p><strong>Commerce evolves</strong> &#8212; buying, booking, creating all happen in one universal interface.</p></li><li><p><strong>Platform dominance shifts</strong> &#8212; we could see the first real challenge to Apple&#8217;s and Google&#8217;s control of digital ecosystems.</p></li></ul><p>In short: ChatGPT could become the <strong>new browser</strong>, the <strong>new OS</strong>, and maybe even the <strong>new internet interface</strong> &#8212; all rolled into one.</p><div><hr></div><h2>The Bottom Line</h2><p>OpenAI&#8217;s new ChatGPT apps aren&#8217;t just a cool update &#8212; they mark the start of a new era in computing.<br>An era where we stop opening apps, and start <em>talking</em> to them.</p><p>For now, we&#8217;re seeing the first wave &#8212; Spotify, Canva, Expedia, and friends. But imagine what happens when every SaaS, every tool, and every business plugs into this ecosystem.</p><p>ChatGPT isn&#8217;t just changing how we chat. It&#8217;s quietly changing how the entire digital world works.</p>]]></content:encoded></item><item><title><![CDATA[Obsidian.md - Note Taking App for Non Linear Thinkers - Notion Alternative]]></title><description><![CDATA[A lot of people are starting to talk about Obsidian, so I thought I would take a look.]]></description><link>https://www.openhedgefund.co/p/obsidianmd-note-taking-app-for-non</link><guid isPermaLink="false">https://www.openhedgefund.co/p/obsidianmd-note-taking-app-for-non</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sat, 27 Apr 2024 15:02:50 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!M_rx!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>A lot of people are starting to talk about Obsidian, so I thought I would take a look. </p><p><a href="http://obsidian.md/">Obsidian.md</a> is a powerful knowledge base that works on top of a local folder of plain text Markdown files. It is a free, open-source application that offers a unique approach to note-taking. It allows you to work with your notes in a non-linear fashion, connecting ideas and concepts through a network of related notes. This makes Obsidian particularly useful for researchers, students, writers, and anyone who wants to make sense of a large body of information. Obsidian's main features include linking between notes, graph view for visualizing note connections, and extensive customization options.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!M_rx!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!M_rx!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 424w, https://substackcdn.com/image/fetch/$s_!M_rx!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 848w, https://substackcdn.com/image/fetch/$s_!M_rx!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 1272w, https://substackcdn.com/image/fetch/$s_!M_rx!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!M_rx!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png" width="1456" height="882" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:882,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:213097,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!M_rx!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 424w, https://substackcdn.com/image/fetch/$s_!M_rx!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 848w, https://substackcdn.com/image/fetch/$s_!M_rx!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 1272w, https://substackcdn.com/image/fetch/$s_!M_rx!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F60f558ab-ce41-44cc-b1ad-cb6bb3e0c40c_2899x1757.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>There are also great options to sync and publish to the web. </p><p>Obsidian provides a decent option to Notion and other note taking apps. </p><p>Take a look and let us know what you think. </p>]]></content:encoded></item><item><title><![CDATA[Rabbit R1 - Handheld AI Device That Fits in your Pocket]]></title><description><![CDATA[iJustine was in the first batch of YouTube tech reviewers to get their hands on the new Rabbit R1.]]></description><link>https://www.openhedgefund.co/p/rabbit-r1-handheld-ai-device-that</link><guid isPermaLink="false">https://www.openhedgefund.co/p/rabbit-r1-handheld-ai-device-that</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sat, 27 Apr 2024 14:52:20 GMT</pubDate><enclosure url="https://substackcdn.com/image/youtube/w_728,c_limit/LyXrziKPv9g" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div id="youtube2-LyXrziKPv9g" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;LyXrziKPv9g&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/LyXrziKPv9g?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p>iJustine was in the first batch of YouTube tech reviewers to get their hands on the new Rabbit R1. </p><p>Here is her review. </p><p>It feels like the R1 has a lot of opportunities for use in the real world and digital worlds. It will be interesting to see how it evolves over the coming years. </p><p>I&#8217;ve already purchased a Rabbit R1 - just waiting for my batch to be sent ;)</p>]]></content:encoded></item><item><title><![CDATA[DeepMind CEO - Demis Hassabis - Google Will Outspend Microsoft and OpenAI on AI R&D Efforts]]></title><description><![CDATA[Speaking at the TED 40th anniversary conference in Vancouver, Canada, the CEO of DeepMind and head of Google's entire AI R&D efforts, , confirmed that Google has no plans to scale back its investment in the technology.]]></description><link>https://www.openhedgefund.co/p/deepmind-ceo-demis-hassabis-google</link><guid isPermaLink="false">https://www.openhedgefund.co/p/deepmind-ceo-demis-hassabis-google</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 16 Apr 2024 17:54:12 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!ROFR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Speaking at the TED 40th anniversary conference in Vancouver, Canada, the CEO of DeepMind and head of Google's entire AI R&amp;D efforts, , confirmed that Google has no plans to scale back its investment in the technology. In fact, quite the opposite is true.</p><p>While Google does not disclose specific numbers, Hassabis indicated that the company's investment will exceed the $100 billion that Microsoft and OpenAI plan to put into their "Stargate" AI supercomputer in the coming years.</p><blockquote><p>"We are investing more than that over time, which is one of the reasons we partnered with Google," said Hassabis. "We knew that in order to achieve AGI, we would need a significant amount of computing power, and Google had, and still has, the most computers."</p></blockquote><p>Despite this seeming like a perfect setup for an artificial intelligence arms race, which could risk "rolling the dice" on aspects like reinforcement learning and AI safety, Hassabis stressed that such a scenario must be avoided.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ROFR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ROFR!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ROFR!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ROFR!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ROFR!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ROFR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg" width="686" height="386" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:386,&quot;width&quot;:686,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:22537,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ROFR!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ROFR!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ROFR!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ROFR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2a5c625d-2659-41af-87f8-e255159a37b9_686x386.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><p></p>]]></content:encoded></item><item><title><![CDATA[Adam Neumann is Back with Flow - $1 billion Real Estate Company - Video Interview and also Discusses WeWork Possible Buy Back]]></title><description><![CDATA[Adam Neumann is back and is launching Flow.]]></description><link>https://www.openhedgefund.co/p/adam-neumann-is-back-with-flow-1</link><guid isPermaLink="false">https://www.openhedgefund.co/p/adam-neumann-is-back-with-flow-1</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Fri, 12 Apr 2024 10:41:12 GMT</pubDate><enclosure url="https://substackcdn.com/image/youtube/w_728,c_limit/UA-sXBvD7qc" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Adam Neumann is back and is launching Flow. Adam sat down with CNBC for an interview on launch day and to also discuss WeWork and potentially trying to buy back his previous company. </p><div id="youtube2-UA-sXBvD7qc" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;UA-sXBvD7qc&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/UA-sXBvD7qc?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p>Flow is a $1 billion real estate company, and its going to be really interesting to see how this grows over the coming years! </p>]]></content:encoded></item><item><title><![CDATA[A Tale of Two Stock Markets - Listed Companies in Constant Decline! ]]></title><description><![CDATA[There has been a lot of talk of late about the US stock market and liquidity in those markets for IPOs under $400 million in valuation.]]></description><link>https://www.openhedgefund.co/p/a-tale-of-two-stock-markets-listed</link><guid isPermaLink="false">https://www.openhedgefund.co/p/a-tale-of-two-stock-markets-listed</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Thu, 11 Apr 2024 17:23:38 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!kChE!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>There has been a lot of talk of late about the US stock market and liquidity in those markets for IPOs under $400 million in valuation. </p><p>A lot of people are starting to state that if you go public under $400 million in valuation you simply won&#8217;t be able to get the liquidity needed for your IPO to be a success and your stock price will naturally drop if you are below this amount. </p><p>I&#8217;m sure there is a lot of research being done on this at present, but I have yet to see anything conclusive. </p><p>However, there seems to be some interesting trends just purely around the number of IPOs on each market around the world and here are the facts. </p><p><strong>London Stock Exchange: </strong></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!kChE!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!kChE!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 424w, https://substackcdn.com/image/fetch/$s_!kChE!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 848w, https://substackcdn.com/image/fetch/$s_!kChE!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 1272w, https://substackcdn.com/image/fetch/$s_!kChE!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!kChE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png" width="750" height="486" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:486,&quot;width&quot;:750,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:62948,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!kChE!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 424w, https://substackcdn.com/image/fetch/$s_!kChE!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 848w, https://substackcdn.com/image/fetch/$s_!kChE!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 1272w, https://substackcdn.com/image/fetch/$s_!kChE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6903aeca-7f23-4c17-9a04-23612f9fb550_750x486.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong>NYSE: </strong></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-TwF!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-TwF!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 424w, https://substackcdn.com/image/fetch/$s_!-TwF!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 848w, https://substackcdn.com/image/fetch/$s_!-TwF!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 1272w, https://substackcdn.com/image/fetch/$s_!-TwF!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!-TwF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png" width="753" height="488" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d8adb221-7d91-4e98-b3db-9644e7164659_753x488.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:488,&quot;width&quot;:753,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:51392,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!-TwF!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 424w, https://substackcdn.com/image/fetch/$s_!-TwF!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 848w, https://substackcdn.com/image/fetch/$s_!-TwF!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 1272w, https://substackcdn.com/image/fetch/$s_!-TwF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd8adb221-7d91-4e98-b3db-9644e7164659_753x488.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>There are a lot of issues to unpack on why there is a continual drop in listed companies both in the US and the UK, but the facts remain. </p><p>Is this also related to the rise of Private Equity? Are the largest companies making more and more acquisitions? </p><p>Time will tell on whether these trends continue, but I think at the heart of capitalism is a strong equity market!  </p>]]></content:encoded></item><item><title><![CDATA[WeWork’s Founder (Adam Neumann) is attempting to Acquire the company]]></title><description><![CDATA[Adam Neumann gained fame by founding and transforming WeWork into a cultural and business phenomenon before being forcefully removed from the workspace operator.]]></description><link>https://www.openhedgefund.co/p/weworks-founder-is-attempting-to</link><guid isPermaLink="false">https://www.openhedgefund.co/p/weworks-founder-is-attempting-to</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 06 Feb 2024 17:52:15 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!onMM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Adam Neumann gained fame by founding and transforming WeWork into a cultural and business phenomenon before being forcefully removed from the workspace operator.</p><p>However, for the past few months, he has been working on buying the now-bankrupt business with the assistance of hedge fund mogul Dan Loeb, as reported by DealBook.</p><p>According to a letter sent by Neumann's lawyers to WeWork's advisors on Monday, <strong>his new real estate company, Flow Global, is urging WeWork to consider its takeover proposal</strong>. The letter also revealed that Flow has already secured $350 million from venture capital firm Andreessen Horowitz and that Loeb's Third Point would help finance the transaction. (<a href="https://static01.nyt.com/newsgraphics/documenttools/dc0a03694446d7d0/99f95f8d-full.pdf">Read the letter</a>.)</p><p>Flow has expressed interest in acquiring WeWork or its assets and offering bankruptcy financing to keep it operational.</p><p>However, Flow's legal team has accused WeWork of stalling for months. In a letter led by Alex Spiro of Quinn Emanuel, who also represents Elon Musk and Jay-Z, the lawyers wrote, <strong>"We write to express our dismay with WeWork&#8217;s lack of engagement even to provide information to my clients in what is intended to be a value-maximizing transaction for all stakeholders."</strong></p><p>This is the latest twist for WeWork, which, over its 14-year history, became a symbol of excessive venture capital. The company experienced rapid growth, becoming the largest tenant in many major cities and achieving a paper valuation of $47 billion. Backed by billions from the Japanese tech giant SoftBank, Neumann increasingly presented WeWork as a means to "elevate the world's consciousness."</p><p>However, Neumann stepped down as CEO in 2019 after WeWork failed to go public, largely due to investor concerns about its business model and corporate governance. The company began to face difficulties and repeatedly sought to renegotiate leases and reduce costs. (It remains uncertain whether WeWork's stakeholders would be willing to sell the company back to the man viewed by some as contributing to its troubles.)</p><p><strong>WeWork filed for bankruptcy in November</strong>. In a restructuring plan submitted to the bankruptcy court on Sunday, the company disclosed over $4 billion in secured debt, with SoftBank among its major creditors. During a court hearing on Monday, lawyers representing landlords and others expressed concerns about WeWork's ability to pay rent. (<a href="https://www.bloomberg.com/news/articles/2024-02-05/wework-creditors-say-restructuring-efforts-seem-to-have-stalled">Read more</a>)</p><p>Some experts have suggested that WeWork could be sold for a fraction of its outstanding debt, potentially as little as $500 million.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!onMM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!onMM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 424w, https://substackcdn.com/image/fetch/$s_!onMM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 848w, https://substackcdn.com/image/fetch/$s_!onMM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 1272w, https://substackcdn.com/image/fetch/$s_!onMM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!onMM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif" width="700" height="466" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:466,&quot;width&quot;:700,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:14803,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/avif&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!onMM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 424w, https://substackcdn.com/image/fetch/$s_!onMM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 848w, https://substackcdn.com/image/fetch/$s_!onMM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 1272w, https://substackcdn.com/image/fetch/$s_!onMM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F94cf28fd-00a0-4d1c-8ba6-78b9884d16ab.avif 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[Who Are the Largest Shareholders in Twilio]]></title><description><![CDATA[Twilio&#8217;s ownership structure features a mix of institutional and individual investors, with several holding sizeable stakes.]]></description><link>https://www.openhedgefund.co/p/who-are-the-largest-shareholders</link><guid isPermaLink="false">https://www.openhedgefund.co/p/who-are-the-largest-shareholders</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 06 Feb 2024 14:30:27 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!t7kM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<blockquote><p>Twilio&#8217;s ownership structure features a mix of institutional and individual investors, with several holding sizeable stakes. Here are the top shareholders as of January 8, 2024:</p><p><strong>Institutional Shareholders:</strong></p></blockquote><ul><li><p><strong>The Vanguard Group:</strong>&nbsp;With&nbsp;<strong>9.595%</strong>&nbsp;ownership,&nbsp;Vanguard holds the largest institutional stake in Twilio.&nbsp;This translates to over&nbsp;<strong>17.3 million shares</strong>.</p></li><li><p><strong>BlackRock, Inc.:</strong>&nbsp;BlackRock comes in second with&nbsp;<strong>approximately 5%</strong>&nbsp;ownership,&nbsp;holding around&nbsp;<strong>9 million shares</strong>.</p></li><li><p><strong>Nikko Asset Management Co., Ltd.:</strong>&nbsp;This Japanese asset management firm owns&nbsp;<strong>around 3.5%</strong>&nbsp;of Twilio,&nbsp;which translates to roughly&nbsp;<strong>6.3 million shares</strong>.</p></li><li><p><strong>Baillie Gifford &amp; Co.:</strong>&nbsp;This Scottish investment firm holds&nbsp;<strong>around 3%</strong>&nbsp;of Twilio,&nbsp;amounting to&nbsp;<strong>5.4 million shares</strong>.</p></li><li><p><strong>State Street Global Advisors, Inc.:</strong>&nbsp;This institutional investor owns&nbsp;<strong>around 2.5%</strong>&nbsp;of Twilio,&nbsp;representing&nbsp;<strong>4.5 million shares</strong>.</p></li></ul><blockquote><p><strong>Individual Shareholders:</strong></p></blockquote><ul><li><p><strong>Jeff Lawson (CEO):</strong>&nbsp;As co-founder and CEO,&nbsp;Jeff Lawson holds a significant individual stake,&nbsp;estimated to be&nbsp;<strong>around 10%</strong>&nbsp;of Twilio&#8217;s total shares.&nbsp;This translates to roughly&nbsp;<strong>18 million shares</strong>.</p></li><li><p><strong>Other individual investors:</strong>&nbsp;While not disclosed individually,&nbsp;other executives and early investors likely hold smaller stakes in Twilio.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!t7kM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!t7kM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 424w, https://substackcdn.com/image/fetch/$s_!t7kM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 848w, https://substackcdn.com/image/fetch/$s_!t7kM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 1272w, https://substackcdn.com/image/fetch/$s_!t7kM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!t7kM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:17696,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/webp&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!t7kM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 424w, https://substackcdn.com/image/fetch/$s_!t7kM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 848w, https://substackcdn.com/image/fetch/$s_!t7kM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 1272w, https://substackcdn.com/image/fetch/$s_!t7kM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F316eae4e-2bfb-4cb7-b681-33d8a3948675_2560x1440.webp 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[How Did Baillie Gifford Start and Grow Their Investment Fund and Management]]></title><description><![CDATA[The story of Baillie Gifford&#8217;s origins starts in Edinburgh, Scotland, in 1908, when two ambitious lawyers, Colonel Augustus Baillie and T.J.]]></description><link>https://www.openhedgefund.co/p/how-did-baillie-gifford-start-and-grow-their-investment-fund-and-management</link><guid isPermaLink="false">https://www.openhedgefund.co/p/how-did-baillie-gifford-start-and-grow-their-investment-fund-and-management</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sat, 13 Jan 2024 22:05:45 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!pVtg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!pVtg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!pVtg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pVtg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pVtg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pVtg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!pVtg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg" width="1200" height="798" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:798,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:139423,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!pVtg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pVtg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pVtg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pVtg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb446c02c-5432-4559-b1fb-65be105b2776_1200x798.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The story of Baillie Gifford&#8217;s origins starts in <strong>Edinburgh, Scotland, in 1908</strong>, when two ambitious lawyers, <strong>Colonel Augustus Baillie</strong> and <strong>T.J. Carlyle Gifford</strong>, saw an opportunity in the burgeoning rubber industry.</p><p><strong>The Founding Moment:</strong></p><ul><li><p>Baillie,&nbsp;a veteran of the Boer War,&nbsp;and Gifford,&nbsp;a brilliant young lawyer,&nbsp;combined their expertise to establish a&nbsp;<strong>law firm, Baillie &amp; Gifford WS</strong>.</p></li><li><p>They quickly recognized the potential of the rubber industry and decided to create an investment trust focused on this promising sector.</p></li><li><p>In&nbsp;<strong>1909</strong>,&nbsp;<strong>The Straits Mortgage and Trust Company</strong>&nbsp;was launched,&nbsp;with Baillie &amp; Gifford managing its assets.&nbsp;This marked the official start of Baillie Gifford,&nbsp;laying the foundation for their journey as successful investment managers.</p></li></ul><p><strong>Early Years and Growth:</strong></p><ul><li><p>The initial years were challenging,&nbsp;with the rubber industry facing fluctuations.&nbsp;However,&nbsp;Baillie Gifford&#8217;s astute investment decisions and long-term perspective helped the trust navigate these difficulties.</p></li><li><p>They gradually diversified their portfolio beyond rubber,&nbsp;venturing into other sectors like shipping,&nbsp;textiles,&nbsp;and utilities.</p></li><li><p>Throughout the 20th century,&nbsp;Baillie Gifford continued to grow,&nbsp;weathering various economic storms and building a reputation for&nbsp;<strong>prudent management and a focus on long-term investment horizons</strong>.</p></li></ul><p><strong>Evolution and Modern Form:</strong></p><ul><li><p>In the late 20th century,&nbsp;Baillie Gifford embraced new investment strategies and technologies,&nbsp;adapting to the changing financial landscape.</p></li><li><p>They became pioneers in&nbsp;<strong>growth investing</strong>,&nbsp;focusing on identifying and backing companies with high growth potential.</p></li><li><p>Their commitment to research and analysis,&nbsp;coupled with their distinctive partnership structure,&nbsp;which emphasizes collective decision-making and long-term thinking,&nbsp;further set them apart.</p></li></ul><p><strong>Today:</strong></p><ul><li><p>Baillie Gifford stands as a&nbsp;<strong>global investment management powerhouse</strong>,&nbsp;managing over &#163;216 billion (US$ 264 billion) in assets for a diverse clientele.</p></li><li><p>They are known for their&nbsp;<strong>innovative approach to investing, dedication to sustainability, and commitment to supporting the companies they invest in</strong>.</p></li></ul><p></p>]]></content:encoded></item><item><title><![CDATA[Duolingo cuts 10% of its contractor workforce as the company embraces AI]]></title><description><![CDATA[Duolingo, the popular language learning platform, has recently made the decision to reduce its contractor workforce by 10%.]]></description><link>https://www.openhedgefund.co/p/duolingo-cuts-10-of-its-contractor-workforce-as-the-company-embraces-ai</link><guid isPermaLink="false">https://www.openhedgefund.co/p/duolingo-cuts-10-of-its-contractor-workforce-as-the-company-embraces-ai</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 09 Jan 2024 22:17:14 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!xhwq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Duolingo, the popular language learning platform, has recently made the decision to reduce its contractor workforce by 10%. This move comes as the company shifts its focus towards integrating artificial intelligence (AI) into its language learning programs.</p><p>The decision to cut contractors was driven by Duolingo&#8217;s desire to leverage AI technology to enhance its language learning experience. By utilizing AI algorithms, Duolingo aims to provide personalized and adaptive language instruction to its users.</p><p>While the reduction in contractor workforce may lead to some short-term challenges, Duolingo believes that the long-term benefits of AI integration will outweigh the initial impact. The company anticipates that AI-powered features will enable users to learn languages more efficiently and effectively.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xhwq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xhwq!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 424w, https://substackcdn.com/image/fetch/$s_!xhwq!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 848w, https://substackcdn.com/image/fetch/$s_!xhwq!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!xhwq!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xhwq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg" width="1200" height="675" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:675,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:49946,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!xhwq!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 424w, https://substackcdn.com/image/fetch/$s_!xhwq!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 848w, https://substackcdn.com/image/fetch/$s_!xhwq!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!xhwq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F74fbca61-a1fc-4873-8c2f-6b2ab222f26b_1200x675.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[Realty Income REIT (O) Dividend Growth Over Past 28 Years (Chart)]]></title><description><![CDATA[Great chart that outlines $O Realty Income&#8217;s dividend history.]]></description><link>https://www.openhedgefund.co/p/realty-income-reit-o-dividend-growth-over-past-28-years-chart</link><guid isPermaLink="false">https://www.openhedgefund.co/p/realty-income-reit-o-dividend-growth-over-past-28-years-chart</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Mon, 08 Jan 2024 01:51:00 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/bbad2c42-2864-46fc-bbdf-231e5beb1a8d_680x517.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!rrmW!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!rrmW!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 424w, https://substackcdn.com/image/fetch/$s_!rrmW!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 848w, https://substackcdn.com/image/fetch/$s_!rrmW!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 1272w, https://substackcdn.com/image/fetch/$s_!rrmW!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!rrmW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png" width="680" height="517" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:517,&quot;width&quot;:680,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!rrmW!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 424w, https://substackcdn.com/image/fetch/$s_!rrmW!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 848w, https://substackcdn.com/image/fetch/$s_!rrmW!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 1272w, https://substackcdn.com/image/fetch/$s_!rrmW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F557abd49-4b74-4d27-921b-0005ab4b8bd4_680x517.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Great chart that outlines $O Realty Income&#8217;s dividend history.</p><p>Uninterrupted Dividend Streak of 54 years.</p>]]></content:encoded></item><item><title><![CDATA[How Much Do You Make? and How Does It Compare to the Rest of the Worlds Income?]]></title><description><![CDATA[I came across this amazing graph that outlines different countries and their income distributions.]]></description><link>https://www.openhedgefund.co/p/how-much-do-you-make-and-how-does-it-compare-to-the-rest-of-the-worlds-income</link><guid isPermaLink="false">https://www.openhedgefund.co/p/how-much-do-you-make-and-how-does-it-compare-to-the-rest-of-the-worlds-income</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sun, 07 Jan 2024 21:59:36 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/a8a71c85-9e09-4a2e-bcc7-91d177469db5_682x1024.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!pWAY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!pWAY!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pWAY!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pWAY!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pWAY!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!pWAY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:null,&quot;width&quot;:null,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!pWAY!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pWAY!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pWAY!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pWAY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0cd663df-5164-43f2-b00f-7bc5fc9f7a70_682x1024.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><p>I came across this amazing graph that outlines different countries and their income distributions.</p><p>I have always thought I wasn't doing very well compared with my peers, but turns out that is completely wrong!</p>]]></content:encoded></item><item><title><![CDATA[Who Has Higher Revenues - Affirm or Afterpay (As at Q3 2023)]]></title><description><![CDATA[Affirm vs.]]></description><link>https://www.openhedgefund.co/p/who-has-higher-revenues-affirm-or-afterpay-as-at-q3-2023</link><guid isPermaLink="false">https://www.openhedgefund.co/p/who-has-higher-revenues-affirm-or-afterpay-as-at-q3-2023</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sat, 06 Jan 2024 20:49:00 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/f15991ef-3eba-4f02-b977-6209fc8dd412_1024x547.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Znrw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Znrw!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Znrw!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Znrw!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Znrw!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Znrw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:null,&quot;width&quot;:null,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!Znrw!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Znrw!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Znrw!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Znrw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7991ef2c-60ad-41ab-a4c4-64515bace93a_1024x547.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><p>Affirm vs. Afterpay revenue, Q1 2022 - Q3 2023</p><p>Affirm is trading at 6.2x Price/NTM Sales multiple and has a market cap of $12.98 billion. So Afterpay would be valued at something like $5-7 billion as a stand-alone company?</p>]]></content:encoded></item><item><title><![CDATA[Gymshark Restate Their 2022 Financials to Now Show a 20% Loss on Revenues]]></title><description><![CDATA[Gymshark has now had to restate their 2022 financial figures and now there is a 20% loss of revenues for 2022.]]></description><link>https://www.openhedgefund.co/p/gymshark-restate-their-2022-financials-to-now-show-a-20-loss-on-revenues</link><guid isPermaLink="false">https://www.openhedgefund.co/p/gymshark-restate-their-2022-financials-to-now-show-a-20-loss-on-revenues</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sat, 06 Jan 2024 20:15:36 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/4b55ed4c-1e17-4129-904b-172f18475a9c_526x590.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!O6-g!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!O6-g!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 424w, https://substackcdn.com/image/fetch/$s_!O6-g!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 848w, https://substackcdn.com/image/fetch/$s_!O6-g!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 1272w, https://substackcdn.com/image/fetch/$s_!O6-g!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!O6-g!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png" width="798" height="895" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:895,&quot;width&quot;:798,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!O6-g!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 424w, https://substackcdn.com/image/fetch/$s_!O6-g!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 848w, https://substackcdn.com/image/fetch/$s_!O6-g!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 1272w, https://substackcdn.com/image/fetch/$s_!O6-g!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F66b7504a-7623-499e-a5f4-02894e3e4cc3_526x590.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Gymshark has now had to restate their 2022 financial figures and now there is a 20% loss of revenues for 2022.</p><p><a href="https://find-and-update.company-information.service.gov.uk/company/08130873">Take a look at the full accounts here.</a></p>]]></content:encoded></item><item><title><![CDATA[Notion Q&A AI Explained and the Benefits]]></title><description><![CDATA[Notion Q&A is a powerful AI-powered feature that allows you to ask questions and get instant answers from your Notion workspace.]]></description><link>https://www.openhedgefund.co/p/notion-qa-ai-explained-and-the-benefits</link><guid isPermaLink="false">https://www.openhedgefund.co/p/notion-qa-ai-explained-and-the-benefits</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 28 Nov 2023 10:22:46 GMT</pubDate><enclosure url="https://substackcdn.com/image/youtube/w_728,c_limit/MkbyinCRrb4" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Notion Q&amp;A is a powerful AI-powered feature that allows you to ask questions and get instant answers from your Notion workspace. It utilizes natural language processing to understand your questions and provide comprehensive responses based on the information contained within your pages, databases, and other Notion content.</p><p>Here's how Notion Q&amp;A works:</p><ol><li><p><strong>Ask a Question:</strong> Simply type your question into the Q&amp;A sidebar or the search bar at the top of your Notion workspace.</p></li><li><p><strong>Understand Your Intent:</strong> Notion AI analyzes your question to grasp the underlying intent and identify relevant information sources within your workspace.</p></li><li><p><strong>Gather Information:</strong> Notion Q&amp;A scans your Notion pages, databases, and other content to gather relevant information related to your query.</p></li><li><p><strong>Synthesize and Respond:</strong> Notion AI synthesizes the gathered information and generates a comprehensive and informative answer to your question.</p></li><li><p><strong>Continuous Improvement:</strong> Notion AI continuously learns and improves its ability to answer questions based on user feedback and interactions.</p></li></ol><p>Notion Q&amp;A offers several benefits, including:</p><ol><li><p><strong>Instant Answers:</strong> Gain immediate insights and answers to your questions without having to manually search through your Notion workspace.</p></li><li><p><strong>Contextual Understanding:</strong> Notion AI understands the context of your questions and provides answers tailored to the specific information in your workspace.</p></li><li><p><strong>Comprehensive Responses:</strong> Receive detailed and informative answers that go beyond simple keyword matches.</p></li><li><p><strong>Uncover Hidden Insights:</strong> Discover connections and relationships within your data that you might not have noticed otherwise.</p></li><li><p><strong>Empower Knowledge Management:</strong> Facilitate effective knowledge management and organization within your Notion workspace.</p></li></ol><p>Notion Q&amp;A is currently in beta testing and is gradually rolling out to Notion users. It is expected to become a widely adopted feature due to its potential to enhance productivity and knowledge discovery within Notion workspaces.</p><div class="captioned-image-container"><figure><div id="youtube2-MkbyinCRrb4" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;MkbyinCRrb4&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/MkbyinCRrb4?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div></figure></div>]]></content:encoded></item><item><title><![CDATA[Amazing Peter Lynch interview on Charlie Rose in 2013.]]></title><description><![CDATA[Amazing Peter Lynch interview on Charlie Rose in 2013.]]></description><link>https://www.openhedgefund.co/p/amazing-peter-lynch-interview-on-charlie-rose-in-2013</link><guid isPermaLink="false">https://www.openhedgefund.co/p/amazing-peter-lynch-interview-on-charlie-rose-in-2013</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Sun, 16 Apr 2023 20:13:00 GMT</pubDate><enclosure url="https://substackcdn.com/image/youtube/w_728,c_limit/wHIM74Vhlm0" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><div id="youtube2-wHIM74Vhlm0" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;wHIM74Vhlm0&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/wHIM74Vhlm0?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div></figure></div><p>Amazing Peter Lynch interview on Charlie Rose in 2013.</p><p>Peter Lynch is a legendary investor - who makes investing seem very ease with simple and affect methods.</p>]]></content:encoded></item><item><title><![CDATA[Apple Share Buybacks Since 2012 - $580 billion]]></title><description><![CDATA[Since 2012, when Apple's share count peaked, the company have repurchased more than $580 billion in stock.]]></description><link>https://www.openhedgefund.co/p/apple-share-buybacks-since-2012-580-billion</link><guid isPermaLink="false">https://www.openhedgefund.co/p/apple-share-buybacks-since-2012-580-billion</guid><dc:creator><![CDATA[Steven Finch]]></dc:creator><pubDate>Tue, 21 Mar 2023 23:13:40 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/3d0027ae-3d23-4efc-9706-8b737704fd39_790x571.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!91jT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!91jT!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 424w, https://substackcdn.com/image/fetch/$s_!91jT!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 848w, https://substackcdn.com/image/fetch/$s_!91jT!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 1272w, https://substackcdn.com/image/fetch/$s_!91jT!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!91jT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:null,&quot;width&quot;:null,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!91jT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 424w, https://substackcdn.com/image/fetch/$s_!91jT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 848w, https://substackcdn.com/image/fetch/$s_!91jT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 1272w, https://substackcdn.com/image/fetch/$s_!91jT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb3a2a9e1-4003-4b6a-ab52-6a8a2f166881_790x571.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a><figcaption class="image-caption">via <a href="https://twitter.com/JoinCommonstock/status/1638279322971832321">Commonstock</a></figcaption></figure></div><p>Since 2012, when Apple's share count peaked, the company have repurchased more than $580 billion in stock.</p><p>That's ~38% of the outstanding share count in ten years.</p><p>Even if the revenues remained flat the share price would increase and you would be far better off purely for holding.</p><p>Warren Buffett and Berkshire Hathaway hold a huge number of Apple stock - they must be laughing!</p>]]></content:encoded></item></channel></rss>