$120k is going to be an interesting psychological level for traditional capital allocators. 20% is a common target annual return for institutional commitments to private markets. Folks who noticed $100k (and still haven’t taken any action) are going look up, see a 20% move since 100k and start asking themselves what they are missing.

GM

GM time travelers.

That magical moment when the only thing between you and coffee is GN.

Welcome to my spaceship. You’re beautiful forever.

I’m spring cleaning my life.

#winestr

Bloomberg dropped “excess savings” into a sentence today. No such thing.

Money is a physics problem.

Choose again.

#winestr

That magical hour when GM Europe overlaps with GN North America.