Figfluencer & Co Capital Management Partners LP

@policy_uk @WilliamXnote Wrong. Go learn about ALM.

@WilliamXnote British retail banks have been ripping their customers off forever.

The trillion pound question

@aiwithmayank Slop

PERPLEXITY JUST TURNED INTO A FREE BLOOMBERG TERMINAL You are wasting hours jumping between news, reports, and dashboards when Perplexity can pull market data, analyze companies, and surface insights in seconds. Now with these 10 prompts that feel like you’re sitting on a Wall Street trading desk. Here’s how:

@oost_marcel Apples vs oranges

Visa was founded in 1958. Mastercard in 1966. Together they move $24.8T Stablecoins exist for 6 years and already passed them both 🤯 Let that sink in.

@varunv_malhotra Because you’re likely underwriting growth that is too high and therefore multiple

@FIGfluencer Sure by as long as they are making the right decisions why do I care if their communication hurts sentiment. If anything it gives us buying opportunities

The market thinks $ADYEN is a European growth stock that decelerated. I think it might be a fat pitch hiding in plain sight. (1) Never made an acquisition. In 20 years. Every competitor is 18-20 platforms duct-taped together through decades of M&A. Adyen built one platform from scratch. That head start is now unchallengeable. (2) That single platform gives them the highest authorization rates in the industry. They reported up to 6% conversion uplift for merchants. More approved transactions means more revenue. That matters more than saving a few basis points on fees. (3) They see 1.4 trillion euros in transactions across online and in-store. Their AI recognized 95% of 400 million shoppers during Black Friday in real time. A legitimate buyer at one store carries that trust everywhere. Legacy can't build this. Stripe can't either. You need the POS data feeding the models. (4) The incumbents are collapsing. FIS took a $17.6B writedown on Worldpay. Legacy still handles roughly double what modern platforms process. That share is migrating. This is the food supply. (5) "But Stripe." Both growing 20-34% simultaneously by eating legacy. Adyen's churn is under 1%. Take rate is rising, not falling. If Stripe were winning, that number goes the other direction. (6) Management hits every target early. 55% margin goal for 2028. Hit in 2025. Founder owns ~800M euros in stock. Takes under 2M in pay. Stock crashed 39% in one day. They changed nothing. (7) FCF doubled since the 2023 bottom. Look at the chart. The stock has barely recovered. Zero debt. 4.4B euros in cash. AI is a tailwind. And the moat widens with every transaction. I'm about to start a position. What am I missing?

@varunv_malhotra See 1H23 earnings then investor day 23. See investor day 25 then 2025 FY earnings.

@FIGfluencer What do you mean? Example?

@StockSavvyShay This is fucking dumb

$HOOD at IPO (July 2021): • $38/share • 11M funded accounts • $44B assets under custody • $713M annual revenue • Unprofitable $HOOD today: • $66/share • 27M funded accounts • $322B assets under custody • $4.4B annual revenue • ~2.1B gross profit run-rate Up just 74% from the IPO price despite revenue growing more than 6x, assets under custody growing more than 7x & the business now being profitable.

@varunv_malhotra Debate is around the 20%

$ADYEN is looking interesting, who understands the business deeper than anyone?

@quantscience_ Wrong

A Bloomberg Terminal costs $30,000 a year. Someone just built one for free. In minutes. With no local setup.

@sprucepointcap Arthur Andersen?

I've waited a long long time for this short report. A company I encountered in my early 20s that I've been following for a quarter century, the time is now to raise my hand. The report will be available live at sprucepointcap.com tomorrow, Wed March 25th.

@VaibhavSisinty You’re a fucking idiot. You think you’re getting full pitchbook without paying up? It’s not. Another fucking stupid slop tweet.

If you are founder or a Investor don’t miss this! Perplexity just plugged into the same data layer VCs pay millions for. PitchBook. Statista. CB Insights. If you are a founder, this isn’t a feature. It’s leverage. The moat was never “access to data.” It was who could afford it. Now, a founder with a laptop can think like a PE firm. The real shift? Intelligence is getting democratized. And “I didn’t have access” is about to stop being an excuse.

@rexsalisbury Oh no so terrible if only SCHW customers could choose to allocate to MMF

Schwab pays ~20 bps on cash. Wealthfront pays 330 bps. Schwab keeps 290 bps. Wealthfront keeps 60 bps. Craziest part -- both have ~36% net income margins. The ops heavy, extractive incumbent model and the tech powered client-aligned model converge at the same profitability. NIM is dead. The incumbents just don't know it yet.

@DariusDale42 Not really a hot take tbh

I have a SCALDING HOT TAKE on private credit: Private credit funds should maximally enforce their redemption gates to teach the hot money contingent of their investor base a lesson about investing in private assets. It’s unfair for these investors to benefit from well-above-market returns with such low volatility due to the limited marking to market of the assets only to then get the liquidity they desire the second they want their money back. Whomever is making withdrawal requests right now is trying to game the global financial system and the funds shouldn’t allow it. You don’t get to collect the illiquidity premium AND get ample liquidity on demand. That’s total BS. Know what you own or suffer the consequences. 💜

@Divergent7651 There is no cheap + accurate + reliable option.

Any recommendations on a good financial and market data API to use with Claude?

@zerohedge Wrong as usual

this is a disaster *CLIFFWATER $33 BLN PRIVATE CREDIT FUND Q1 REDEMPTIONS REACH 14% And Cliffwater is interval, meaning it is not permitted to impose gates

@RagingVentures The guy built 1 of the 1,000 use cases of a Bloomberg terminal. Yes there is plenty you can do with Quartr data in the backend but from then you are missing thousands of datasets.

Bloomberg and $FDS financial data is very valuable, but perhaps I’m underpricing the disintermediation risk that is arising as a new, innovative user interface emerges

@FundamentEdge I still use it for agent mode

Lately I really only use ChatGPT to create custom instructions for Claude Projects. What does it say about my personality that I feel bad that ChatGPT isn't in the mix and sometimes give GPT a shot at the same output?

@DaveTaylorNews This is fucking dumb

@gordocap18 It’s a highly regulated business. There is a max number of credits an analyst will be able to cover even with AI.

@markgadala You are a fucking moron

A Bloomberg Terminal costs $24,000 a year. Someone just recreated one using Perplexity Computer for $200 a month. Bloomberg's moat was never the data, that's increasingly commoditized. It was the interface: thousands of keyboard shortcuts, proprietary screens, and muscle memory that finance professionals spent years learning. The switching cost wasn't price, it was retraining. AI agents collapse that moat. If Computer can replicate the interface and pull equivalent data from public sources, the only remaining lock-in is the chat network and real-time feeds. One is a social product. The other is a licensing negotiation. Bloomberg did $12.6 billion in revenue last year selling terminals. The first credible open-source alternative just got built in an afternoon.