Contents:

1. Market Outlooks
   • 2024 Secondaries Market Review
   • 2025 Market Outlook: Trump 2.0, Secondaries, Fintech, Technology
2. Reading Notes
   • Liar’s Poker by Michael Lewis
   • Running Money by Andy Kessler
   • Out of Gobi by Weijian Shan
3. Fundamental Analysis
   • Meta Platforms (META)
     • Fundamentals
     • How their strategy could harness growth in AI-enabled digital advertising
   • dLocal Limited (DLO)
   • NCR Voyix (VYX)
   • Intel Corporation (INTC)
   • Mobileye Global Inc. (MBLY)
   • Reddit, Inc. (RDDT)
4. Industry Value Chains
   • Payments
   • Self-Driving
   • LLM Training
5. Transactions
   • Intel’s Mobileye Spin-Off and IPO