It is April 1 so I will lead with my foolish merger idea of the year….

Netflix will buy Peloton!

Actually I do think a merger like this will happen one day soon and it could end up being a bidding war between Apple, LULU, Amazon and Netflix.

Onwards…

Knut and I added 4 new ‘Panic With Friends’ to the lineup yesterday and you can listen to all of them – now 36- right HERE.

I was reading Howard Marks excellent monthly letter yesterday (it was sent to me a bunch of times by friends). His trader telling him he never would have thought he would use the terms ‘FOMO” and ‘Panic’ within two weeks of each other rings so true. It was dizzying. I like how Howard lays out how he is thinking about the markets with his bias of being a ‘worrier’ not a ‘dreamer’.

If you want to talk to my partner Charlie at Compound Advisors about your portfolio or allocations or how we do things just hit me up and I will intro you or head to the site and ping him directly.

Next and most importantly to me at least….

The most interesting chart I have seen in a while was shared by David via Ian comparing a chart of financials to technology:

It is at this intersection that I have spent the last 14 years of my life.

From this chart, in hindsight, I would say my timing was pretty pretty pratttttty good.

While last month before the crash I wondered out loud if Fintech was in a Bubble…we now know that at least valuations and companies are indeed fragile.

The next phase in fintech will not be for ‘warriors’ not ‘worriers’. I think dreamers are being washed away in most of startup land right now. I am hoping that the dreamers don’t slow down in science and medicine.

Over the next 15 years it will not get any better for financials versus technology.