Very impressed by FK Terminal and excited to try it! Quick question: do you see “capital repatriation to RoW” as a dominant driver right now? If not, what makes you skeptical?
The idea that trumps recent policies (Greenland, Venezuela etc.) are prompting countries and individuals to reassess an overweight to US equities seems plausible. South Korea even introduced tax incentives for capital repatriation. Cross-asset moves seem to confirm this: DXY looking weak and recent outperformance from equity markets with large net international investment positions versus the US. For example, VEU/SPX has shown notably bullish price action. Am looking to go long RoW here.
Great article! However, would caution against extrapolating your own high agency to rest of the world and the common person, there has always been tools available for those who have the will. Similarly, coding itself has never been the obstacle to the creation of a great (software) company...
Thank you for sharing your always thoughtful analysis and congratulations to both your performance as well as the FK Terminal. As a likewise bad cook and coder, where would you recommend even starting to set up something along those lines tailored to my needs ? Thank you
Interesting take - there's a similar curve to these though:
1. Explosion of content
2. Barbelling
3. Oligopoly
People find out the 'edges' of everything then relentlessly improve - it's the same for publishing as it is for websites and investments. Concentration is happening faster now.
What's interesting to me is you've 'buried the lede' in your blue collar roll-up.
That's what I want to hear more about... and maybe where the long term alpha is.
First, congrats on the process (foundation for the returns!)! Your piece made me prioritize learning this stuff as, being from Brazil, weak currency, having the BBG terminal I used to isn't possible anymore!
I want to build such platform to mentor some students... Ther 'portfolio management' has been implemented on XLS and I will use Lovable/Claude to build an app for broader use, but I have a few roadblocks I'd like to solve regarding market data and charting. Care to share a few nuggets of wisdom? Is there a way I could message you? Uerba2891@gma...
Tremendous work, Florian! Keep it up! Insightful substack you have!
Very impressed by FK Terminal and excited to try it! Quick question: do you see “capital repatriation to RoW” as a dominant driver right now? If not, what makes you skeptical?
The idea that trumps recent policies (Greenland, Venezuela etc.) are prompting countries and individuals to reassess an overweight to US equities seems plausible. South Korea even introduced tax incentives for capital repatriation. Cross-asset moves seem to confirm this: DXY looking weak and recent outperformance from equity markets with large net international investment positions versus the US. For example, VEU/SPX has shown notably bullish price action. Am looking to go long RoW here.
Thank you! ROW outperformance seems a bit stale short term, but may be multi quarter theme
Great article! However, would caution against extrapolating your own high agency to rest of the world and the common person, there has always been tools available for those who have the will. Similarly, coding itself has never been the obstacle to the creation of a great (software) company...
Good point, thank you
Thank you for sharing your always thoughtful analysis and congratulations to both your performance as well as the FK Terminal. As a likewise bad cook and coder, where would you recommend even starting to set up something along those lines tailored to my needs ? Thank you
Thank you, suggest starting w claude opus, codex, kimi etc
this is terrific, really looking forward to FK Terminal when you share! thank you!
Interesting take - there's a similar curve to these though:
1. Explosion of content
2. Barbelling
3. Oligopoly
People find out the 'edges' of everything then relentlessly improve - it's the same for publishing as it is for websites and investments. Concentration is happening faster now.
What's interesting to me is you've 'buried the lede' in your blue collar roll-up.
That's what I want to hear more about... and maybe where the long term alpha is.
Thank you- blue collar biz still humming along, slightly different topic though. Has no AI disruption risk, the new software for PE?
thank you, excellent and insightful as usual!
Thank you!
First, congrats on the process (foundation for the returns!)! Your piece made me prioritize learning this stuff as, being from Brazil, weak currency, having the BBG terminal I used to isn't possible anymore!
I want to build such platform to mentor some students... Ther 'portfolio management' has been implemented on XLS and I will use Lovable/Claude to build an app for broader use, but I have a few roadblocks I'd like to solve regarding market data and charting. Care to share a few nuggets of wisdom? Is there a way I could message you? Uerba2891@gma...
Tremendous work, Florian! Keep it up! Insightful substack you have!
Thank you! Email me by replying to the post email
Excellent article, can’t wait to use the product
Excellent, thank you! I stopped almost all my newsletters, except a few incl. this one, that I always read. Appreciate also having it for free.
Your FK Terminal looks absolutely incredible! Really motivating me to build my own terminal as well.
Which data source provider are you currently using and what's your estimated cost for running/maintaining the terminal each month?