Hi Doug, hope this finds you well. I am a big fan of your analysis and what you are doing with Gene since founding what is now known as Deepwater AM. I wanted to double check with you the $1t reference to the S&P 500 as this number appears to be far larger according to S&P as you can read here https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview. BTW, I completely agree with your hypothesis about how Generative AI will impact (I say disrupt) the indexing industry, and I also reckon the asset management industry more broadly. The manufacturing of investment strategies have been historically controlled by asset management companies and this - I believe - will no longer hold true in its entirety when crowd-sourced marketplaces flourish, and this is the case with CrunchDAO (https://www.crunchdao.com) which I am advising to be transparent. Thanks for your everything you do, it has been particularly helpful and welcoming! Rafael
Thanks Doug. Would you consider continuing the research on the disruption around indexing? I see the traditional players (i.e.: MSCI, S&P, etc) with tech debt that makes them slow to market and lethargic when attempting to innovate or lack thereof; nonetheless, their multiples continue to be rich such as those in the capital markets focused information providers category with 35.2x PE multiples. Best and feel free to reach out at rfebrescordero@waldenpondventures.com. Rafael
Hi Doug, hope this finds you well. I am a big fan of your analysis and what you are doing with Gene since founding what is now known as Deepwater AM. I wanted to double check with you the $1t reference to the S&P 500 as this number appears to be far larger according to S&P as you can read here https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview. BTW, I completely agree with your hypothesis about how Generative AI will impact (I say disrupt) the indexing industry, and I also reckon the asset management industry more broadly. The manufacturing of investment strategies have been historically controlled by asset management companies and this - I believe - will no longer hold true in its entirety when crowd-sourced marketplaces flourish, and this is the case with CrunchDAO (https://www.crunchdao.com) which I am advising to be transparent. Thanks for your everything you do, it has been particularly helpful and welcoming! Rafael
Thanks Doug. Would you consider continuing the research on the disruption around indexing? I see the traditional players (i.e.: MSCI, S&P, etc) with tech debt that makes them slow to market and lethargic when attempting to innovate or lack thereof; nonetheless, their multiples continue to be rich such as those in the capital markets focused information providers category with 35.2x PE multiples. Best and feel free to reach out at rfebrescordero@waldenpondventures.com. Rafael