Dan Loeb
Dan Loeb is the founder and chief executive officer of Third Point LLC, a New York-based investment firm he established in 1995. He is best known as a prominent activist investor who takes significant stakes in underperforming companies and advocates for operational and management changes, targeting firms such as Yahoo, Sony, and Disney. Third Point invested in Upstart, the AI-powered lending platform, consistent with Loeb's active interest in artificial intelligence and emerging technology.
“You could be technologically illiterate or just say, I don't do it. But – and you could also be even more or less – you know, up until the GFC, I think you could be more or less economically illiterate and make a lot of money.”
Source→“There's a woman I met through Intel named Riva Tez who alerted me to this. She's friends with Olaf, Carlson Wee, and sort of the crypto insiders.”
Source→“Charlie also had an attorney named David Warrington... Charlie really embraced this and embraced this individual as someone who had been... unfairly sentenced. He took it to the president... This was his only ask of the president.”
Source→“We have a company in our portfolio called Atom Computing that, with many other quantum companies, has gotten money from the government... they drove a really tough bargain. The government, the taxpayers are going to make a ton of money on this. And their involvement also will contribute meaningfully to the value of this business.”
Source→“My clients were people like David Tepper, who had not yet started Appaloosa, but started Appaloosa.”
Source→“Brad Gerstner talks about this book, Essentialism. And I think we also have to adopt this idea of essentialism because you can't do it all.”
Source→“We brought in a guy named Tad Smith who was terrific from MSG, cleaned up the operations, improved the technology. They sold the company.”
Source→“We brought in a guy named Tad Smith who was terrific from MSG, cleaned up the operations, improved the technology. They sold the company.”
Source→“I think that all that stuff is trumped right now by two things. Where's oil? And that's going to be dictated by what happens in the war, geopolitics, and what's happening with AI, both on the spending front, infrastructure, and what's the impact of that going to be on society, and on the economy.”
Source→“Casey's General Stores. Why was this one of the best performing stocks?... They were not a convenience store chain. They were a pizza chain masquerading as convenience stores.”
Source→“Jensen has laid out well, and everybody talks about the AI stack, starting with power and energy at the bottom, and chips and infrastructure and moving up through the LMs and software and applications and how that plays through.”
Source→“Dan Loeb - Lessons from 30 Years of Investing - [Invest Like the Best, EP.475]”
Source→“If he hadn't ended up being a crook or very sloppy, the venture investments he made would have... Cursor, Anthropic, Solana, everything he did. I mean, the guy had a great nose for value.”
Source→“Third Point's journey from event-driven/distressed credit (1995–2013), to quality/thematic investing, to a now-dominant $15B+ credit complex is a deliberate and ongoing evolution.”
Source→“He said to the room, it will be your natural tendency to think that this increase in technological innovation and disruption and change that we've been experiencing for the last couple of years is an anomaly... But hold on to your seats because things are only going to accelerate from here.”
Source→“You see Anthropic's revenue growth and the adoption and the usefulness of its products and the anecdotes that you hear about the next generation mythos and what that's going to do. We're barely scratching the surface.”
Source→“Investing in Danaher has been the most instructive because it really is truly one of the best run businesses... when they found someone that was underperforming, it was celebrated because instead of shamed... We can fix those.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.