Dan Sundheim on Public v. Private Markets, GameStop, and Taiwan

Описание: Patrick sits down with Dan Sundheim, Founder and CIO of D1 Capital Partners. They discuss Dan’s unique path from anonymous posting on Value Investors Club to managing one of the world's top crossover funds. The conversation covers the distinct dynamics between public and private markets, with deep dives into D1’s investments in SpaceX, OpenAI, and Anthropic. Dan offers his perspective on the future of AI scaling laws, the evolving landscape of software, and the enduring value of fundamental short selling. They also explore lessons learned from the GameStop era, the importance of resilience, and significant geopolitical risks facing the global economy.

Timestamps:
0:00 Intro
1:05 Public vs. Private Markets
9:10 LLMs as a Business Model
23:23 The Future of Hyperscalers
27:45 AI's Impact on Traditional Software
36:31 Surviving the GameStop Short Squeeze
49:54 Big Private Bets: Rivian and SpaceX
54:26 The Art of Short Selling
1:04:28 Early Career
1:17:11 Geopolitics and the Semiconductor Collision Course
1:22:05 Traits of Great Leadership
1:23:20 The Kindest Thing

#investing #hedgefund #D1Capital #DanSundheim #AI #SpaceX #stocks #finance #business #privateequity

Presented by Ramp:
https://ramp.com/

Sponsored by Vanta, WorkOS, Rogo, and Ridgeline:
https://www.vanta.com/invest
https://workos.com/
https://rogo.ai/invest
https://www.ridgelineapps.com/

******
Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc