Hide Not Slide

Going to try something new today. Will do a Q&A with @HideNotSlide, an insider in the world of exchanges. It's like a short interview you can watch in real-time (inspired by @ShitFund and @SirBaby6) If you have any good questions you can DM me and I will add if there is time.

Without compromising your anonymity, what brought you into the exchange space and how do you think about it as an investor?

I spent a number of years on Wall Street in close proximity to exchanges, where I witnessed first hand how much power they control & how attractive they are as an asset class. Many are unaware how much of the financial system relies heavily on just a few exchange companies.

As an investor I view exchanges as: A cheap call option on surprise volatility Counter-cyclical, asset-light financial toll-roads Clear winners of the global "analog-to-digital" transition I've been a happy owner of exchange stocks for many years now.