All right, the debate over whether public companies should issue quarterly results is back. This topic reignited by a recent truth social post from President Trump, who says that a change to reporting to every six months instead of every three months would let managers better focus on running their businesses. The SEC says that it will prioritize the president's proposal, which he first pushed during his first term back in 2018.The topic was addressed in an op-ed around that same time by Warren Buffett and ...

Private Equity Market Trends - Private equity firms face concerns about selling previous investments at good prices due to liquidity issues [1][2] - Public markets are trading at all-time highs, but private markets are not seeing the same success, partly due to timing and high purchase prices [2] - Prices of companies typically bought by private equity firms have deflated significantly, with trading multiples decreasing from 17-20x to 7-8x [3][4] - Lower asset prices create opportunities for fund managers to buy at attractive prices, but also make it harder to get liquidity [6] Alternative Investments in Retirement - Deploying capital is easier than realizing capital gains in the current market [7] - The US 401k market, a primary savings tool for Americans, has been largely locked out of private market investments [8] - Inclusion of private markets in 401ks requires regulatory changes [8][9] - Diversification through private markets is essential for a better retirement portfolio, especially given the concentration in public markets [10] Portfolio Construction and Risk Management - Pensions have driven returns through private markets [13] - A portfolio construction strategy involving heavier weighting in private markets for younger savers, gradually shifting to more liquid assets over time, is suggested [14][15] - Illiquidity of alternative investments is a concern, especially during market downturns, but can be managed through appropriate portfolio construction [11][12][14]

Company Overview - Chime CEO 将在公司 IPO 前接受 CNBC 的 David Faber 采访 [1] - 讨论内容包括对公开市场的预期、商业模式以及客户群体在当前经济形势下的表现 [1] IPO & Market - Chime 关注 IPO 前的市场预期 [1] Business Model - Chime 的商业模式是讨论重点之一 [1] Customer Base & Economy - Chime 关注其客户群体在当前经济形势下的表现 [1]