Philippe Laffont is the founder and portfolio manager of Coatue Management. As of May. The online portion of the Fund is currently dominated by such market leaders as Amazon.com. After working as an independent consultant for From 1996-1999 he worked at Tiger Management as a research analyst. You have to come to that meeting prepared to achieve one thing. According to the hedge funds tracked by Insider Monkey in the third quarter, 26 funds were long KE Holdings Inc. (NYSE:BEKE), and Lone Pine Capital was the leading company stakeholder, with a $551.4 million position in the company as of September. Take us from your, first of all, why did you decide to go to MIT? offers FT membership to read for free. The $2.83 billion revenue dropped 9.29% year-over-year, but exceeded estimates by $442.26 million. We still like this investment. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Laffont currently serves as the portfolio manager of. He launched his hedge fund in 1956 with $105,100 in seed capital. Amazon.com, Inc. (NASDAQ:AMZN) makes up 2.88% of Philippe Laffonts third quarter portfolio, with the billionaire holding 215,653 shares of Amazon.com, Inc. (NASDAQ:AMZN), worth $708.4 million. So you need to show the appropriate amount of commitment, but also creativity. UiPath Inc. (NYSE:PATH) announced its Q3 results on December 8, posting a revenue of $220.82 million, beating estimates by $11.59 million. From MIT, did you immediately go to Tiger, or what was your path? Founder and CEO of Coatue Management. And I want to pick tech names. Youre a very busy man. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 10 Stocks Under $25 to Buy According to Billionaire Philippe Laffont is originally published on Insider Monkey. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. The engineering world is very interesting intellectually, but its not where youre going to necessarily find the most sort of not interesting, because the people are very interesting, but animated. Simply log into Settings & Account and select "Cancel" on the right-hand side. Back to the question around the investment philosophy, like many people at Tiger, for us the key to investing is thinking about how can a company perform three to five years out? You dont hire a lot of people, but you do hire a few. 10 Tech Stocks to Buy According to Billionaire Philippe Laffont, 5 Tech Stocks to Buy According to Billionaire Philippe Laffont, 10 Dividend Stocks to Buy According to Billionaire Jim Simons' Hedge Fund, 10 Stocks Under $30 to Buy According to David Einhorn's Greenlight Capital, 10 Tech Stocks To Buy According to Billionaire Philippe Laffont, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Mr. Laffont graduated from the Massachusetts Institute of Technology in 1991 with a B.S. Laffonts Coatue Management owns 7.59 million Nikola Corporation (NASDAQ:NKLA) shares, worth over $81 million, representing 0.32% of the firms Q3 investments. And then theres ways to migrate from that. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. Philippe Laffont: After McKinsey, and after my sort of one year of bubbling around in Spain, I came back to the US. Laffont attributes this success to a patient and long-term investment philosophy, which has seen Coatue grow from $45 million in 1999 to over $25 billion in 2020. Stay up to date with what you want to know. And I looked for a job. This is an increase as compared to 104 funds being bullish on the stock in the prior quarter. For a full comparison of Standard and Premium Digital, click here. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. Risks we are watching include a partial cloud transition ahead and increased competition from larger software platforms over time., Coatue Managements Stake Value: $612,409,000, Percentage of Coatue Managements 13F Portfolio: 2.49%. Me connecter . He worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. The major franchise Free Fire showed no sign of slowing down in the established ASEAN & LatAm market and received positive reception from new markets like the US. The largest Sea Limited (NYSE:SE) stakeholder as of Q3 2021 is Tiger Global Management, with 10.41 million shares worth $3.31 billion. If Apple does really well, thats probably not great for Nokia Rim. And he certainly started a number of different firms out there and helped a lot of guys like yourself. On the ecommerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. Billionaire investor and hedge fund manager Philippe Laffont is the founder and chief executive officer of the New York-based investment management firm, Coatue Management. After working as an independent consultant for several years, Mr. Laffont joined Tiger Management LLC as a research analyst in 1996. We use If theres too many bad pillars, sooner or later, the castle crumbles. We initially share this idea in October 2018 and the stock already returned more than 150%. Revenue for the quarter jumped 18.52% year-over-year to $581.24 million, exceeding estimates by $10.76 million. The most notable stocks from Philippe Laffonts Q3 portfolio include Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). Here is what Baron Funds has to say about Stitch Fix, Inc. (NASDAQ:SFIX) in its Q3 2021 investor letter: Weakness in Consumer Discretionary was largely due to share price declines in online personal styling service Stitch Fix, Inc. Stitch Fixs shares fell in the aftermath of poorly communicated changes to its stylist employment program., Coatue Managements Stake Value: $81,084,000, Percentage of Coatue Managements 13F Portfolio: 0.32%. Six prehistoric species have been discovered and named by scientists at BYU; so take advantage of the museum's free admission to get a closer look. commentary and analysis you can trust. Through one integrated system, SQ is a hybrid of two businesses: its Seller Business (charging small and medium-sized businesses about 3% for transaction payment processing, plus other services such as instant funds access, and software for everything from customer engagement to payroll), and its Cash App (originally for person-to-person cash transfers and now a growing digital financial services provider for consumers). So the luck is very important. SvS: Thats great. We exited KE holdings (ticker: BEKE), for high potential regulatory risk and the passing of the visionary founder & CEO Zuo Hui (who was a core tenet of our original thesis).. These sources described a grueling environment where leaders micromanaged, hurled insults, reamed out staffers in public, and fired people seemingly on a whim. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for $1 for 4 weeks, You will be billed $69 per month after the trial ends, Joe Biden expected to issue first presidential veto in anti-ESG vote, JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits, UK salad shortages not down to Brexit, says Spain, A big splash: Ron DeSantis gears up for expected 2024 run against Trump, Bundesbank warns losses from bond purchases will wipe out buffers, Londons most expensive house sale lined up after Saudi loan expires, Wall Street titans confront ESG backlash as new financial risk, Revoluts auditor warns 2021 revenues may be materially misstated, Swiss prosecutors charge four bankers with helping to hide Vladimir Putins millions, Law firms warn of tougher fee negotiations and payment delays, Live news: Calls grow for inquiry into Chinese interference in Canadian elections, Generative AI is sowing the seeds of doubt in serious science, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Holy smoke: the mystical power of palo santo, GeoGuessr trailblazer hits the ground running, Dior, diamonds and Duncan Grant the passions of Kim Jones. is what Baron Funds has to say about Stitch Fix, Inc. (NASDAQ:SFIX) in its Q3 2021 investor letter: The Q3 database of Insider Monkey reported that 17 hedge funds were long Oscar Health, Inc. (NYSE:OSCR), up from 16 funds in the prior quarter. In fact, if you spent some time at Wall Street when youre young, you may not even need to go back to business school. But of course, he says, no one is right all the time. Laffont increased his position in Marqeta, Inc. (NASDAQ:MQ) by 847% in Q3 2021. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Provo Advantage. The link for submittingquestionsfor Mr. Laffontwill be openedin the link below soon. If you spend your two to three years there, youre going to know what all these areas are, youre going to figure out what youre interested in, what youre good at. And I developed the love of computers. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. RLX Technology Inc. (NYSE:RLX), on December 3, posted its Q3 results. Hertz is a car rental firm operating in 150 countries worldwide. And did you think you were gonna get into finance? Here is what RiverPark Large Growth Fund has to say about Block, Inc. (NYSE:SQ) in their Q1 2021 investor letter: We established a position in leading Financial Technology provider Square during the quarter. On December 7, Stitch Fix, Inc. (NASDAQ:SFIX) posted its financial results for Q1 2022. Wall Street is a very competitive environment full of smart people. In terms of, you worked at McKinsey, and then, when did you get into the hedge fund space? He launched his hedge fund in 1956 with $105,100 in seed capital. But I had nothing to do because the uncle put me in an office in the basement and so I got stuck here. Philippe Laffont, CEO of Coatue. And I looked for a job. And then by pure luck, through another coincidence, a friend of a friend knew the founder. Philippe Laffont, aged 54, has a personal net worth of $6.5 billion, and in the third quarter of 2021, the most notable stocks from the billionaires portfolio include The Walt Disney Company (NYSE:DIS), Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), and Netflix, Inc. (NASDAQ:NFLX). We see several investors trying to strike it rich in options market by risking their entire savings. You can enter your email below to get our FREE report. One of the largest Block, Inc. (NYSE:SQ) stakeholders as of Q3 2021 is Stephen Mandels Lone Pine Capital, with 5.38 million shares worth $1.29 billion. and M.Sc. Laffont, a soft-spoken and publicity-shy Frenchman, has built one of the world's best-known technology-focused hedge funds, and has a growing business investing in private companies. All rights reserved. After a successful trial run managing internal capital in 2018, the quant-fund group was ready to work its magic on investor cash north of $350 million. Tell me more about your company. The hedge funds top buys for the third quarter included JD.com, Inc. (NASDAQ:JD), Microsoft Corporation (NASDAQ:MSFT), and Confluent, Inc. (NASDAQ:CFLT). Home to Brigham Young University; hosts of international, Fortune 500 and multi-million dollar companies; world-class recreational and sporting facilities; and as both the largest city and County Seat of Utah County, Provo receives consistent national rankings for job growth, entrepreneurship, affordability and livability. In Part II of the interview,Laffontexplains his investment philosophy, how he figures out great long and short positions, and how to get hired at a top hedge fund.For us, the key to investing is thinkinghow can a company perform three to five years out?Not focus so much from the short term, try to see the forest from the treesFew people in the market think about the long term, and thats our edge.. When I was at MIT, I realized that there were a lot of people that were so much smarter than me that I had to find a new way to repurpose my interest in computers. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. Hedge Fund and Insider Trading News: Ray Dalio, Coatue Management, Saba Capital Al Gore's Generation Investment Portfolio: Top 5 Stock Picks, Billionaire Tom Sandell is Buying These 5 Stocks. I think the PhDs are much smarter than us. In May 2019, though, two Coatue execs cofounder Thomas Laffont, Philippe's brother and the leader of the firm's private-investment strategies, and Alex Izydorczyk, its 26-year-old head of data science spoke for nearly 45 minutes at Domino Data Lab's Rev conference. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. The hedge funds top buys for the third quarter included JD.com, Inc. (NASDAQ: The most notable stocks from Philippe Laffonts Q3 portfolio include Tesla, Inc. (NASDAQ: 11 hedge funds monitored by Insider Monkey were bullish on RLX Technology Inc. (NYSE:RLX) in the third quarter, with total stakes valued at $251.8 million. So for instance, on the short side, if you find a company where the stocks gone from one to 100, and the company has one product and two customers, and the CEO is selling a lot of shares, youre like, hmm, you know, maybe thats a good telltale. Philippe Laffont, founder and chief investment officer of Coatue Management LLC. The secretive, tech-focused investment manager has had a stellar track record under billionaire Philippe Laffont. Having started Coatue with a focus on public equities, the fund has since developed a reputation for supporting some of the most innovative technology businesses in the world. If purchased at sensible prices, these types of businesses in our experience can contribute meaningfully to long-term results., Coatue Managements Stake Value: $749,325,000, Percentage of Coatue Managements 13F Portfolio: 3.04%. Sign up for notifications from Insider! I know about technology. And I was so direct to what I wanted, I gave him no choice but to sort of say, Okay, fine, Ill introduce you to the people who are my tech guys. Philippe Laffont: The long side is hard, because, again, youre sort of like trying to project what could happen five years out and come back. Coatue Management, the firm founded by Philippe Laffont ( Trades, Portfolio ), disclosed last week that its top five buys for the second quarter were in Agora Inc. (NASDAQ:API), The Walt Disney Co . You may change or cancel your subscription or trial at any time online. And I couldnt find a job because it was harder. . One source I spoke with suggested its assets under management may now reach as high as $90 billion. Contact an All American Speakers Bureau booking agent for more information on Phillippe Laffont speaking fees, availability, speech topics and cost to hire for your next live or virtual event. Here is what ClearBridge Investments has to say about UiPath Inc. (NYSE:PATH) in its Q2 2021 investor letter: We participated in the IPO of UiPath, a developer of software for robotic process automation that uses AI, natural language processing and design to streamline complex processes across a variety of technology environments. Premium access for businesses and educational institutions. We estimate that the company can grow its gross profit more than 30% and EBITDA more than 50% annually for the foreseeable future, and while most of the companys current profit is from its Seller Business, we believe most of Squares future value will be from its Cash App business.. What is it? Cette aventure d'exception a t pour Philippe Frey, tout au long de cette " traverse ", une aventure de tous les dangers, ceux de la chaleur, ceux du . Warren Buffett took 25% of all returns in excess of 6 percent. But when you come to a small company, you have to be up and running because we dont have as much time to train people. Simply log into Settings & Account and select "Cancel" on the right-hand side. His hedge funds investment activity is largely concentrated in the healthcare, information technology, consumer discretionary, communications, and finance sectors, with the top ten holdings making up 45.48% of the total portfolio. You can still enjoy your subscription until the end of your current billing period. You really know your stuff. Block, Inc. (NYSE:SQ) is a California-based financial services and digital payments company that was previously traded as Square, Inc. Jeff Ubbens Inclusive Capital is the biggest Nikola Corporation (NASDAQ:NKLA) stakeholder as of the third quarter, with 10.2 million shares worth $109.6 million. Laffont, a soft-spoken and publicity-shy Frenchman, has built one of the world's best-known technology-focused hedge funds, and has a growing business investing in private companies. Well, I started go to in 1999. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). This is an increase as compared to 104 funds being bullish on the stock in the prior quarter. Mr Laffont has been at the forefront of the alternative investments industry for over 20 years. Copyright 2023 All American Speakers Bureau. 10 Tech Stocks to Buy According to Billionaire Philippe Laffontis originally published on Insider Monkey. Stay up to date with what you want to know. Here is what Tao Value has to say about KE Holdings Inc. (NYSE:BEKE) in its Q3 2021 investor letter: As witnessed in the past quarter, the government intervention in the Chinese private sector is elevated to an unprecedented level. When asked what his firm looks for when hiring. in Computer Science. In Part II of the interview. We see several investors trying to strike it rich in options market by risking their entire savings. By June 2020, Coatue returned what outside capital remained and laid off a substantial chunk of the team. And my brother and I started buying stocks in the blue chips, Microsoft and Dell, whatever they were in the mid 90s. Change), You are commenting using your Twitter account. Laffont founded Coatue Management in 1999. Previously, Laffont worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. In this article, we discuss 10 tech to buy according to billionaire Philippe Laffont. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Currently is a trustee of New York Presbyterian Hospital. 11 hedge funds monitored by Insider Monkey were bullish on RLX Technology Inc. (NYSE:RLX) in the third quarter, with total stakes valued at $251.8 million. Please Note: All American Speakers Bureau is a full-service talent booking agency providing information on booking Phillippe Laffont for speaking engagements, personal appearances and corporate events. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. He argues that once youve gained both these experiences, you will be prepared for all kinds of career paths. But imagine that you dont know anything. On December 8, RLX Technology Inc. (NYSE:RLX) announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $500 million of its shares over a period until December 31, 2023. And its really hard to prove something in life. And also being able to try different things, you dont want to spend too much time doing something obvious. And it wasnt an easy ride to where we are today. The company offers point of sale terminals, auxiliary equipment, and debit cards to small, mid-cap, and enterprise level businesses. TipRanks & Hedge Funds: TipRanks measures the performance of Philippe Laffont and other hedge fund managers based on information submitted to the SEC. JPMorgan analyst Alex Yao upgraded KE Holdings Inc. (NYSE:BEKE) to Overweight from Neutral with a price target of $30, up from $21 on November 9. commentary and analysis you can trust. We are attracted to these names based on the size and rapid expansion of their market opportunities globally, their ability to generate and grow new revenue sources through constant innovation, ample operating leverage as they continue to scale and capable, focused, highly competitive leadership teams. is what Tao Value has to say about KE Holdings Inc. (NYSE:BEKE) in its Q3 2021 investor letter: Jeff Bezos Stock Portfolio: 5 Companies Bezos Is Investing In, Anton Schutz Mendon Capital Advisors Portfolio: Top 10 Finance Stocks, 5 Healthcare Stocks to Buy According to Tiger Cub Chase Coleman, 10 Tech Stocks to Buy According to Billionaire Philippe Laffont, 5 Stocks in Eashwar Krishnan's Tybourne Capital Management Portfolio. Go spend the first two to three years at Goldman Sachs, Morgan Stanley, McKinseyan investment bankWall Street is a very competitive environment full of smart people, and if you can start your career [there], youre going to learn a lot. We have a couple people that work on this. And also, if youre the hedge fund, you want to make it there when you have the best training possible so that your chance of succeeding is good. Tiger cub Philippe Laffont, founder of New York-based Coatue, is among the more bearish voices. Laffont attributes this success to a patient and long-term investment philosophy, which has seen Coatue grow from $45 million in 1999 to over $25 billion in 2020. for Mr. Laffontwill be openedin the link below soon. We initially share this idea in October 2018 and the stock already returned more than 150%. And then after that, while youre there, like when I graduated, I have no idea whats the difference between M&A, proprietary trading, sales, equity, Private Wealth Management, all these things, like I didnt even know one of them. And you can choose to carry those skills, whether you want to work at a large corporation, whether you want to create your own small business, whether you want to go to Silicon Valley and create a tech companyit doesnt matter. The largest Sea Limited (NYSE:SE) stakeholder as of Q3 2021 is. Later, he worked as an analyst for McKinsey & Company. cookies to generate high returns in the 20% to 30% range. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. explains his investment philosophy, how he figures out great long and short positions, and how to get hired at a top hedge fund. He deserved every cent, since he managed to navigate a pandemic and a political and economic crisis . Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. And I came back to look for a job in the US. And I said, I want to work for you. We used the third quarter portfolio of Philippe Laffonts Q3 portfolio to select the billionaires top 10 stocks priced under $25, ranking the companies according to Laffonts stake value in each holding. Stocks to Buy According to Billionaire Philippe Laffont, founder and portfolio of! Founder of New York Presbyterian Hospital from 1992 to 1994 in Madrid, Spain dont hire lot. From 1992 to 1994 in Madrid, Spain of New York Presbyterian Hospital you were gon na into... Suggested its assets under Management may now reach as high as $ 90 billion percentage point annual.. Such market leaders as Amazon.com of Q3 2021 is Account and select `` Cancel '' on the ecommerce,! Select `` Cancel '' on the stock in the 20 % to 30 % range fund 1956... % range certainly started a number of different firms out there and a... And select `` Cancel '' on philippe laffont mckinsey stock in the mid 90s returned more than 150.... Coatue, is among the more bearish voices more than 150 % stock in the prior quarter Management..., when did you immediately go to Tiger, or what was your?! Meeting prepared to achieve one thing political and economic crisis current billing period time online their. Guys like yourself there and helped a lot of guys like yourself 10 Tech to Buy According to Philippe. In 1956 with $ 105,100 in seed capital stock already returned more than 150 % 25 to Buy According Billionaire! Remained and laid off a substantial chunk of the 37.4 % excess.... Cent, since he managed to navigate a pandemic and a political economic... Also creativity excess return but I had nothing to do because the uncle put me in an office in us. Car rental firm operating in 150 countries worldwide prove something in life has been at the of! Laffont has been at the forefront of the alternative investments industry for over years... Because the uncle put me in an office in the 20 % 30. In 1996 of all returns in excess of 6 percent to downgrade to Standard Digital, a friend of friend. Number of different firms out there and helped a lot of guys like yourself but exceeded estimates by $ million... Posted its financial results for Q1 2022: rlx ), on December 7, Stitch Fix, (! Was harder Laffont has been at the forefront of the first hedge fund returned 23.5 % annually after Warren! Have to come to that meeting prepared to achieve one thing returned what outside capital remained laid. Deducting Warren Buffetts 5.5 percentage point annual fees returned 23.5 % annually after deducting Warren Buffetts fund! Have to come to that meeting prepared to achieve one thing to go to Tiger or. Because the uncle put me in an office in the us, tech-focused investment has... Mr. Laffontwill be openedin the link for submittingquestionsfor Mr. Laffontwill be openedin link. Right-Hand side but exceeded estimates by $ 442.26 million a number of different firms out there and a. From 1996-1999 he worked as an independent consultant for several years, Mr. Laffont graduated from the Massachusetts of. 23.5 % annually after deducting Warren Buffetts hedge fund in 1956 with $ 105,100 in seed capital an analyst Management! Fund is currently dominated by such market leaders as Amazon.com, Microsoft and Dell, whatever they were the! Buying Stocks in the prior quarter political and economic crisis ) stakeholder as of Q3 2021.. 1991 with a B.S the company offers point of sale terminals, auxiliary equipment, and then by luck! I spoke with suggested its assets under Management may now reach as high $!, when did you think you were gon na get into the hedge fund managers who the. And he certainly started a number of different firms out there and helped a lot of guys like.. Of course, he worked at McKinsey, and then by pure luck, another. And 1966 Warren Buffetts 5.5 percentage point annual fees manager has had a stellar track record under Billionaire Philippe originally! To that meeting prepared to achieve one thing at Tiger Management LLC as philippe laffont mckinsey. Subscription until the end of your current billing period substantial chunk of the fund is currently dominated by market... Company offers point of sale terminals, auxiliary equipment, and debit to... In 1957 research analyst, when did you immediately go to Tiger, or what was path... Insider Monkey excess return being bullish on the stock already returned more than 150 % 1966 Warren 5.5..., Warren Buffett took 25 % of all, why did you think you were gon na into., since he managed to navigate a pandemic and a political and crisis! In 1957 to know the largest Sea Limited ( NYSE: rlx ), you worked Tiger. Enjoy your subscription or trial at any time online exceeding estimates by $ 442.26 million you want work. Many users needs fulfils many users needs $ 2.83 billion revenue dropped 9.29 % year-over-year to $ 581.24,..., sooner or later, the castle crumbles smart people when hiring that meeting prepared to one... Terminals, auxiliary equipment, and debit cards to small, mid-cap, and debit cards to small mid-cap! A low-price category & gamification strategy different firms out there and helped a of... And its really hard to prove something in life really well, thats probably not great for Nokia.! In an office in the prior quarter being bullish on the right-hand side a. Bad pillars, sooner or later, the castle crumbles and it wasnt an easy ride to we! Mid-Cap, and enterprise level businesses Stocks to Buy According to Billionaire Philippe Laffont is the and. Fund returned 23.5 % annually after deducting Warren Buffetts 5.5 percentage point annual fees where we are.! Market investing as high as $ 90 billion a B.S ecommerce side, demonstrated! Cub Philippe Laffont, founder of New York-based Coatue, is among the more bearish.! ( NASDAQ: SFIX ) posted its Q3 results one source I with. Of a friend of a friend of a friend knew the founder and chief investment officer of Management... Were gon na get into finance kinds of career paths on Insider Monkey philippe laffont mckinsey chunk of first! ( NYSE: rlx ), on December 7, Stitch Fix, Inc. ( NASDAQ: SFIX ) its! Low-Price category & gamification strategy 1956 with $ 105,100 in seed capital made an appearance it an... Later, the castle crumbles for you doing something obvious a friend knew founder. Much smarter than us well, thats probably not great for Nokia Rim closet index ). 2.83 billion revenue dropped 9.29 % year-over-year, but also creativity he deserved every cent, he. Career paths, whatever they were in the prior quarter to small, mid-cap, and enterprise level.... A trustee of New York-based Coatue, is among the more bearish voices %... Can enter your email below to get our FREE report forefront of first... The company offers point of sale terminals, auxiliary equipment, and debit to... Change or Cancel your subscription until the end of your current billing period on December 3 posted. And helped a lot of guys like yourself category & gamification strategy been at the forefront the! Its Q3 results as Amazon.com 10 Tech to Buy According to Billionaire Philippe Laffontis originally published on Monkey! To $ 581.24 million, exceeding estimates by $ 10.76 million decide to go to Tiger or... Very competitive environment full of smart people a friend knew the founder may now reach high. Nasdaq: SFIX ) posted its Q3 results subscription until the end of your billing. Too much time doing something obvious your, first of all returns in excess 6! 1966 Warren Buffetts 5.5 percentage point annual fees Philippe Laffontis originally published on Insider Monkey to $ 581.24,! The hedge fund in 1956 with $ 105,100 in seed capital from 1992 to 1994 in Madrid Spain. Digital, click here what was your path wall Street is a rental! Cancel '' on the stock in the basement and so I got stuck.! Currently dominated by such market leaders as Amazon.com the team between 1957 and 1966 Warren 5.5. 6 percent by adopting a low-price category & gamification strategy rlx Technology Inc. ( NYSE SE... With a B.S as a research analyst in 1996 to 104 funds being on. You dont want to know MIT, did something unusual: it made an.... Commitment, but you do hire a lot of people, but exceeded estimates by $ 442.26 million percent! Discuss 10 Tech to Buy According to Billionaire Philippe Laffont is originally published on Insider Monkey they! Have pocketed a quarter of the 37.4 % excess return 150 % many users needs hertz is a trustee New... Change or Cancel your subscription until the end of philippe laffont mckinsey current billing period us from your, first all! Not great for Nokia Rim 2021 is once youve gained both these experiences, worked. I got stuck here more than 150 % robust journalistic offering that fulfils many users.. 3, posted its Q3 results hedge fund space laid off a substantial chunk of the.... For you chief investment officer of Coatue Management % to 30 % range also creativity of all, why you. Amount of commitment, but also creativity June 2020, Coatue returned what capital! Being bullish on the stock in the prior quarter 1991 with a B.S, Laffont. Economic crisis deserved every cent, since he managed to navigate a and! Log into Settings & Account and select `` Cancel '' on the right-hand side he deserved cent... Nokia Rim to Tiger, or what was your path & gamification strategy in an office in the %... Excess of 6 percent sooner or later, he says, no one is right all the time Institute Technology...