"My guest today is Dan Sundheim, the founder and CIO of D1 Capital Partners. Anyone that loves investing in markets has surely heard Dan's name before. I think you'll very quickly realize that he is on..."

"I want to spend a bunch of time talking about public versus private. You do both. You started investing in privates more than 10 years ago. You were kind of one of the pioneers of this. You've got som..."

"If you think about the key companies in your private portfolio today, Anthropic, OpenAI, companies like SpaceX, Ramp, et cetera. What does that group teach you? Like, what do you think you see coming ..."

"When you first were considering your initial investments in OpenAI and Anthropic, did you pattern match their businesses or their business models on anything that you had seen historically? Did they r..."

"How would you frame the debate today about LLMs as a business model? Now that we know a bit more. Back then it was like, are these businesses going to ever generate an economic return? Like, I think o..."

"I think people have thought of it as pretty damn good at the hyperscalers, do you think the future is different as a result of AI? I do. I mean, I've kind of thought this for probably about a year now..."

"If you were giving advice to the executives at these companies and telling them what to lean into and what to look out for over the next five years, I'm curious what you would say because The scaling ..."

"we, as humanity, I just think we've never encountered something that we're about to encounter. And so with that kind of profound change, like we're going from the smartest animals on the planet, we we..."

"One of the most interesting stories you've told me before was this time when you made, I think, similarly sized investments in Rivian and SpaceX at the same time. Can you tell that story, both big, bi..."

"SpaceX was pretty obvious to me that the launch business, at a minimum, was going to be a very good business. What they had achieved, I thought, was just like from an engineering perspective, like ins..."

"What that means, very simply, is that the cost of launching everything goes down dramatically. And the engineering that they've done with the satellites to harness solar power and be able to deliver r..."

"Why do you think markets are less efficient now? I think it's just the people transacting in the market or the nature of the institutions transacting in the market. So if you go back 10, 20 years ago,..."

"For me at this point, I don't, like most of you, like, I don't know. Like, do they nice to me because, you know, they think I can do something for them. You know, there are a group of people in my lif..."

"Look, when you're investing in a company privately, there is obviously a financial aspect to it that's the driver. But there's also a relationship part of it, in that you are signing up to hopefully h..."

"It was 2002. I was working at a private equity group within Bear Stearns. I always had an interest in stocks, but I didn't have the tool set to analyze stocks until I got there and I kind of deeply un..."

"One of the hedge funds I went to interview at was a spinoff of SAC that did healthcare. I had no particular interest in healthcare, but it was just where I got an interview. Back then, hedge funds wer..."