Transcript
A (0:00)
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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. Today's discussion is Circle Internet surges and and I guess the tagline is even a blind squirrel finds a nut once in a while. So, so here's the deal with Circle Internet. Circle Internet today is up literally 30%. It's still a relatively, I guess you'd think of it as a not, not a small cap company at 20 billion in market cap. It's, it's driving today based on Crypto great quarter Q4 crypto earnings, but literally up 30%. So when I say even though Blind Squirrel gets nut once in a while, I happen to be an investor individually in Circle Internet and again for no other reason. That was distributed to me by an investment vehicle, a hedge fund that I invested in. So I ended up owning some Circle Internet. When I get distributions from this hedge fund, I tend to keep the stocks because I don't really know what to do with them. I don't know how to judge them. I have no idea if they're good or bad investments. This goes against all my investing logic that you better really know about what you earn and have a conviction around it. I don't. I have no idea what Circle Internet really group is. I just know it's up 29% on Wednesday and not doing any great prognosis by myself. Anything at all but up. But this is in contrast, I'm generally an index fund investor. A couple of the big positions I have that are individual stocks are getting crushed. It seems like all of my individual stocks that have large positions are getting crushed. So I own part of, you know, Microsoft, part of Amazon, all struggling. Everything I invested in more recently just trying to catch the wave. Of course not doing great. But, but the one sort of the one win, the one nut for this blind squirrel has gotten is Circle Internet Group which is up 30% today. We'll see if that last year to date it's even. It's basically literally even. So it's not been this great home run this great winter. But today I'm a winner. So we'll take it. Thank you for listening to the Becker Business, the Becker Private equity podcast. Thank you very, very much.