+0.0
net board stance
what this means
20.6
-0.0% · close 2026-09-08
+1% / +2% / +5%
1m / 3m / 12m
-75%
vs SPY since 2022-06-30
100%
of 52w range · -0.0% off high
—
hit rate as primary
Where we stand — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 60 EPISODES —
rising = the besties are building this position, falling = abandoning it. Replayed from
score_events; an idea counts from birth until its window closes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on BKLN
No closed window has used this ticker as its primary play, so there is no scored record here yet. Adjacent plays are listed but never scored.
| idea | call | play | verdict | R | α | closed |
|---|---|---|---|---|---|---|
| 🏦 Own the debt, not the equity, of the tech survivors | ▲ LONG | adjacent | PARTIAL | +7.9% | -11.6 | 2023-06-30 |
| 🏦 Levered pension unwind spills into US credit | ▼ SHORT | adjacent | MISS | -7.8% | -30.4 | 2023-10-14 |
The tape — what was actually said
every capture on any idea holding BKLN, newest first · quotes verbatim, timestamps deep-link into the episode
Sacks
support ×2
▲ on
🏦 Own the debt, not the equity, of the tech survivors
E103 · 2022-11-05
▶ 34:09
it's like if you're willing to take tech risk, then why wouldn't you buy a bond at 10%? Meaning the equity always has to beat that threshold return.
Chamath
support ×2
▲ on
🏦 Own the debt, not the equity, of the tech survivors
E103 · 2022-11-05
▶ 30:05
So David, to your point, the current three-month T-bill rate is 4%. You know, you can buy munis now between 4% and 5% that are triple tax advantaged, right? You can buy high quality corporate bonds that are 6%, 7%, 8%.
If I was a betting man, I spent the, I would guess that the next half a trillion to a trillion dollars that is spent in Western world economies will be to subsidize something that's broken internally inside of one of our countries, whether it's the UK pension system or whether it's the high yield credit markets and it will not be to finance military adventurism in Russia.
Chamath
support ×3
▲ on
🏦 Own the debt, not the equity, of the tech survivors
E85 · 2022-06-30
▶ 1:03:24
I've transitioned most of my public markets time to focus on debt. ... But what is really juicy is the few companies that you think will survive and specifically making sure you're protected in the capital structure, which means to own the debt because the debt is always senior to the equity.