Markets

This piece was initially published on Doug’s blog, Contrarian Mindset. Capital allocation is the most important job of every CEO, from startup to public company. This is contrary to the belief that being a good operator is the most important…

This piece is from Doug’s blog, The Contrarian Mindset.  From the age of 5 to about 20, I worked at my family’s auction house. We sold collections of all kinds, from Nakashima furniture to Lladro figures to Belleek china to…

Gene and Doug frame in the basics of the contrarian mindset and why it’s critical for better than market returns. For more check out Doug’s blog, the Contrarian Mindset. Disclaimer

This post is from Doug’s blog, the Contrarian Mindset. We’re sharing it here because it forms an important part of our investment philosophy at Loup.  All investing explores a simple question: What is going to happen? Investors attempt to allocate…

Gene and Doug discuss the direct listing of Roblox, its goal of building out the metaverse, and what it means for today’s youth that spend 2.5 hours a day playing it.

SPACs should be thought of as venture capital in public markets, and we have data to support that thesis. First, a primer on venture returns. Venture returns typically follow a power law, or 80-20 rule, in which a small number of winners…

Gene is joined by Saint John’s University professor, Louis Johnston, to assess the current market situation and give a sense of Fed Chairman Powell’s approach to regain the bond market’s confidence. Spoiler alert: he has a prediction, rates are likely…

Doug and Gene discuss both sides of the SPAC coin: what investors should be looking for in a company, and what a company should be looking for in a sponsor.

The success of a SPAC, as defined by investing in a good company that offers strong long-term returns on capital, depends entirely on the sponsor. In our current market, it seems like any sponsor can raise a few hundred million…

We should stop thinking of SPACs only as an IPO alternative and think of them more as a venture capital alternative. A SPAC isn’t just a vehicle to go public, it’s a vehicle for a company to raise a substantial…