Optimism for a Digital Future Amid Harsh Economic Realities

Published on
October 6th, 2020
Duration
46 minutes


Optimism for a Digital Future Amid Harsh Economic Realities

The Interview ·
Featuring Howard Lindzon

Published on: October 6th, 2020 • Duration: 46 minutes

Howard Lindzon, general partner at Social Leverage, tells Real Vision CEO Raoul Pal why he is bullish on the digital future of business despite acknowledging the harsh economic realities that have emerged since COVID. Lindzon argues that there is a shortage of investible opportunities to capitalize on this trend and this is what we are seeing in stretched tech valuations. He also discusses how he has bet on the democratization of finance with his investments in StockTwits, Robinhood, and eToro and explains why he is still not sold on crypto despite being exposed to the space. Filmed on September 28, 2020.

Comments

Transcript

  • JC
    John C.
    11 October 2020 @ 15:46
    Wow. Mind Blown. Amazing. Totally shifted my thinking...
  • KF
    Kenneth F.
    7 October 2020 @ 12:20
    Everyone is caught up in the bubbles.
    • KF
      Kenneth F.
      7 October 2020 @ 12:41
      "The chance they will be wrong on picking 10 NASDAQ 100 stocks is low? "
    • JG
      Jave G.
      10 October 2020 @ 20:28
      Having recently read Howard Marks' Mastering the Market Cycle, several of Lindzon's remarks here check off a number of market top boxes to a scary degree. Still, who knows?
  • TC
    Timothy C.
    7 October 2020 @ 15:15
    Having been in tech for 30 years, I would agree w/ Howard vis-a-vis analysts ability to evaluate tech. Just trying to look at numbers doesn't tell you anything about the value potential of the underlying technology. It also tells you nothing about where leapfrogs and inflection points will occur.
    • SR
      Suds R.
      8 October 2020 @ 08:11
      I've been in tech for 12 years. Its a bit frustrating I thought that would have made me a better tech investor!
  • SR
    Suds R.
    8 October 2020 @ 08:10
    great interview. Love the technology related insights!
  • SS
    Stephen S.
    6 October 2020 @ 21:57
    What he said about San Francisco being a disgusting place now is true. It’s also true for it’s little cousin Austin. All the recent events just intensified what was already happening.
    • NK
      Nick K.
      7 October 2020 @ 08:46
      Hi Stephen, will you explain why Austin is rotten at the core please. Is it because the CBD is being hollowed out due to the increase in property prices/rents, driving small businesses away? Then a general decline in rates/taxes follows...
    • mw
      michael w.
      8 October 2020 @ 05:10
      It is really sad to see what Austin has become in the last 5-10 years.
  • mw
    michael w.
    8 October 2020 @ 04:57
    While companies like Robinhood and Etoro are the most talked about or advertised investing apps for the younger retail crowd, their competitors are producing more and more refined, and user friendly versions of the same product. Amazing how quick the space has been moving.
  • MD
    Matt D.
    8 October 2020 @ 03:40
    Great interview Raoul and Howard. Thanks. Some brilliant insights. Positive outlook is encouraging. I would love to know why RobinHood/eToro didn't take off in Australia. I have had some issues with our regulators here which I could detail but in general from my experience they go out of their way to protect established brokers. These brokers probably don't sell their order flow as they are allowed to take the other side! They can profit rather than on-selling it to others. It is legit of RealVision and Raoul to have guests on too who aren't hyper-bullish on BTC.
  • LB
    Lenska B.
    7 October 2020 @ 05:14
    Insightful interview but SEC really? My only comment is Madoff.
  • IW
    Ian W.
    7 October 2020 @ 03:26
    Always enjoy listening to Howard's perspective, even if I don't agree with everything. One quick point though about his CNBC comments. We don't need CNBC. We don't need a 24h news cycle (in fact, I think it's actively harmful). Anyone on RV plus has enough content to consume plenty of hours in a week, and it's pretty much all *top notch.* So to the RV team, I would say you have arrived at the future of CNBC. This is it. Keep up the already high quality standards, and honestly the level of content is just about right so that I actually get some "real" work done ;)
  • DL
    Damian L.
    6 October 2020 @ 20:22
    Everything just follow SPY what's the point of looking at precious metals or crypto if it crashes together with SPY it's all one trade, which fucking sucks
  • RL
    Ron L.
    6 October 2020 @ 17:00
    That managing $60K and trying to diversify to emerging market comments though... savage hahaha
  • WS
    William S.
    6 October 2020 @ 16:03
    50% fail out right no capital return, 25% return 1x on capital, and 25% somewhere between 1-3x with 1-2 if lucky return 10x plus which makes it for entire fund. VC's pull down mgt fees 1.5-2.5% with carry of 20%.
  • AD
    Anthony D.
    6 October 2020 @ 15:57
    Excellent this is amazing interview Raoul was listening to Howard all through the interview and when he mentioned Alpaca I just checked the site out and this the answer I need because retail guys like myself have been hit with commissions that I just decided to sit my on my ass when it came to stocks. So the no commission thing really appeals this allows me to say scale into trades with 25 BPS of risk no problem cannot wait for them to come to Europe lets hope soon. Btw have integrated Alpaca to Tradingview and boom am now have 3 position on the paper trades able to enter 0.25% risk on equity. no need to think about the commission aspect. thanks real vision like it defo ......
  • PG
    Philippe G.
    6 October 2020 @ 13:57
    Excellent - love it when technology, finance, entrepreneurship, and brutal honesty are mixed together to produce a conversation like this.
  • SB
    Stewart B.
    6 October 2020 @ 13:36
    Nice one. It is nice to hear from a bull for a change. I am not sure I fully embrace Howard's views, but I was delighted to hear them.
  • KP
    Kalengo P.
    6 October 2020 @ 13:15
    Great video, I like to see such an outlook which is very different from the usual skepticism and also the fact he is a futurist. One thing I took out of this is that a graphical designer has a better understanding of the markets than a CFA. How Nvidia for example has soared to all time highs, a graphic designer would know better because of the technology advancement Nvidia constantly showcased.
  • PB
    Pieter B.
    6 October 2020 @ 12:54
    Brilliant! Thanks a lot!
  • LL
    Ludovico L.
    6 October 2020 @ 12:42
    Super insightful - in essence, building a platform stemming from a company brings a lot of value to further develop into a sort of uni channel distribution type form(?). Kind of like-spin offs in a more business context, old style Asian corporations - zaibatsu / keiretsu. I think i caught the hint of App/iOS store - i think basically these platforms that support a huge ecosystem to which build businesses and value on
  • SJ
    Stefan J.
    6 October 2020 @ 10:27
    Amazing interview to hear a true futurist . I only grasped about 25% of what was being said
  • MS
    Martijn S.
    6 October 2020 @ 10:25
    Great episode once again! With about 16 minutes left you start talking about data and that we haven't figured out how to monetize it yet. There is this blockhain called ocean protocol that tries to tackle this. They have or are rumoured to have been working with dhl, deloit, daimler, eu crypto council and loads of others. Might be worth checking out, ive been in it for more than a year now.