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.. Not focused so much on the short term. 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Theres too many ways that he can just brush you out. What can be great investments over three to five years? Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Oscar Health, Inc. (NYSE:OSCR) is an American health insurance company from New York, priced at $7.26 as of January 12, which made it to our list of the best stocks under $25 to buy according to billionaire Philippe Laffont. That would have been 9.35% in hedge fund fees. So February 1, 2000, the NASDAQ was at 5000. I think its much better to prepare yourself in a large company, so that the smaller the company is and the more entrepreneurial it is, the more incredible the opportunity is, but the most prepared you have to be. These sources described a grueling environment where leaders micromanaged, hurled insults, reamed out staffers in public, and fired people seemingly on a whim. 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. We initially share this idea in October 2018 and the stock already returned more than 150%. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Access your favorite topics in a personalized feed while you're on the go. The hedge fund also led a funding round for Rec Room, a Seattle-based company which allows users to create customizable and interactive gaming rooms, benefiting from the pandemic-fueled rise in digital entertainment. Its that good of a training. And so I started buying the Herald Tribune and reading stocks. Compare Standard and Premium Digital here. Philippe Laffont, founder and chief investment officer of Coatue Management LLC. The BYU Museum of Paleontology is an active fossil repository and research space for students and paleontology professionals. And if you can start your career in a competitive environment full of smart people, youre gonna learn a lot. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. Revenue over the period totaled $260.2 million, down 34% year-over-year, owing to the COVID-19 restrictions in China, which had a negative impact on sales and channel inventory management. In Part II of the interview, Laffont explains his investment philosophy, how he. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. On November 15, Mizuho analyst Dan Dolev raised the price target on Marqeta, Inc. (NASDAQ:MQ) to $27 from $25 and kept a Neutral rating on the shares. A total of 30 hedge funds reported owning stakes worth $600.6 million in Stitch Fix, Inc. (NASDAQ:SFIX) during Q3 2021, as compared to 35 funds in the preceding quarter, holding stakes in the company amounting to $702.7 million. In this article, we discuss 10 tech to buy according to billionaire Philippe Laffont. 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. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. And it wasnt an easy ride to where we are today. Revenues are $9 billion. When asked what his firm looks for when hiring,Laffontemphasizes the importance of a strong education and solid on-the-job training. And somehow I managed to get the job. And I just say that and Ill get back to the investment philosophy, because in your professional life, youre gonna more than once come across something that goes absolutely the opposite way of what you were hoping and the only people who, sort of things go their way all the time, is the sort of the one in the million guy who also wins 300 million bucks in the lottery. Coatue Management, a technology-themed investment management company, was founded by Philippe Laffont in 1999. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. The largest Sea Limited (NYSE:SE) stakeholder as of Q3 2021 is. So thats the sort of the thesis anti-thesis, winner loser. Take us from your, first of all, why did you decide to go to MIT? Warren Buffett has been investing and compounding for at least 65 years. Click to continue reading and see 5 Stocks Under $25 to Buy According to Billionaire Philippe Laffont. If you want to skip our detailed analysis of these stocks, go directly to 5 Tech Stocks to Buy According to Billionaire Philippe Laffont. Ivan Levingston. Whats the DNA of somebody that you sit there and say, you know, this guy is perfect, this womans perfect, gotta hire her. The investment is in line with Laffonts technology-focused hedge fund, and the funds representatives said that they were very impressed by the quality of Airbytes team and developer traction. The largest Sea Limited (NYSE:SE) stakeholder as of Q3 2021 is Tiger Global Management, with 10.41 million shares worth $3.31 billion. Coatue famously is very private, but with Philippe sending out his first Tweet (not a comment), I figured it would be a good time to resurface this video and share the transcription I made of it back in 2013. The IT department said they dont need me. 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. Philippe Laffont: I was there for three and a half years. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. The second one is that on Wall Street, theres sort of a true and proven way to succeed when youre young. It wasnt immediate. Or watch Part I here. All rights reserved. What is Philippe Laffont Net Worth? And then one month later, it was at 5000. After the market downturn earlier this year, Coatue liquidated positions in its hedge fund. in Computer Science. . You never know. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. We see several investors trying to strike it rich in options market by risking their entire savings. In the third quarter earnings report published on November 4, Nikola Corporation (NASDAQ:NKLA) posted a loss per share of $0.22, beating estimates by $0.04. university Change). 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. In Part II of the interview. The company reported a loss per share of $0.02, beating estimates by $0.11. And thats our edge. Theres so many people right now who say, oh, working on Wall Street, youre not gonna learn anything, youre not adding any value. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The hedge funds top buys for the third quarter included JD.com, Inc. (NASDAQ:JD), Microsoft Corporation (NASDAQ:MSFT), and Confluent, Inc. (NASDAQ:CFLT). Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. After graduating from Massachusetts Institute of Technology in 1991, Laffont joined McKinsey & Company in 1992 as an analyst. 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. Stay up to date with what you want to know. Overall, 20 hedge funds were bullish on Marqeta, Inc. (NASDAQ:MQ) in Q3, down from 35 funds in the preceding quarter. offers FT membership to read for free. As of May. We have a couple people that work on this. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. So of course our stocks were going up. After working as an independent consultant for 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. And that led me to go to MIT. 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. Dell. This is an increase as compared to 104 funds being bullish on the stock in the prior quarter. Philippe Laffont earned his bachelor's degree in computer science from MIT in 1991. By June 2020, Coatue returned what outside capital remained and laid off a substantial chunk of the team. Stay up to date with what you want to know. The firm he runs, Coatue, looks a lot like billionaire Chase Coleman's Tiger Global Management,. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. cookies In 2022, the analyst expects the internet group to be in a stronger position than pre-pandemic levels due to increased digitization of the economy, and he prefers e-commerce and subscription based names over online advertising. So the short side is more about pattern recognition, and seeing a lot of odd things. But nevertheless, it gave us the passion. You need to do them both passionately. And then theres ways to migrate from that. And then, I got a job at a mutual fund, very small mutual fund, where I worked for free. At the same time you do that, in my mind, you need to do one thing completely off the beaten path, but also passionately, because some things come through the regular channels, also some things come through completely different channels. 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. Prior to founding Coatue, Mr Laffont worked at McKinsey & Co. in Madrid and graduated from MIT with a degree in Computer Science. Philippe Laffont is the founder and portfolio manager of Coatue Management. Nomade blanc, Philippe Frey, Robert Laffont. analyse how our Sites are used. 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). Laffonts Coatue Management owns 7.59 million Nikola Corporation (NASDAQ:NKLA) shares, worth over $81 million, representing 0.32% of the firms Q3 investments. You need to do one thing passionately that is the obvious thing that youre supposed to do after you graduate. Philippe Laffont, as of September 2021, owns 1.62 million Stitch Fix, Inc. (NASDAQ:SFIX) shares, worth $64.8 million, accounting for 0.26% of the billionaires total 13F portfolio. Philippe Laffont is the founder and portfolio manager of Coatue Management. Joshua Kushners, KE Holdings Inc. (NYSE:BEKE) is a notable stock pick of billionaire Philippe Laffont, just like. Hertz is a car rental firm operating in 150 countries worldwide. For the next two years, he worked as an independent consultant, before joining Julian Robertsons Tiger Management in 1996 as a research analyst. We see several investors trying to strike it rich in options market by risking their entire savings. SvS: Thats great. And its sort of a culture engineering where a lot of stuff you create on your own you work late at night, this was just not for me. Mr. . Get our editors daily picks straight in your inbox! He deserved every cent, since he managed to navigate a pandemic and a political and economic crisis . For cost savings, you can change your plan at any time online in the Settings & Account section. Of the 242 hedge funds that were long Amazon.com, Inc. (NASDAQ:AMZN) in Q3 2021. is what Davis Opportunity Fund has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter: 98 hedge funds in the Q3 database of Insider Monkey were long Block, Inc. (NYSE:SQ), with total stakes amounting to $8.88 billion. Philippe Laffont, CEO of Coatue. The firm invests in more. Sign up for notifications from Insider! Previously, Laffont worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. RLX Technology Inc. (NYSE:RLX), on December 3, posted its Q3 results. Preparation and submittal of the proposed annual budget. AAE Named to Inc. Best Workplaces in 2022. That would have been 9.35% in hedge fund fees. Lets go see what hes up to. 10 Best High Dividend Stocks in Canada for 202210 Dividend Stocks to Buy According to Billionaire Jim Simons' Hedge Fund10 Stocks Under $30 to Buy According to David Einhorn's Greenlight Capital10 Tech Stocks To Buy According to Billionaire Philippe LaffontAmazon.com Inc. (NASDAQ:AMZN)Block Inc. (NYSE:SQ)Daily NewsletterHeadlineMarqeta Inc (NASDAQ:MQ)NASDAQ:AMZNNASDAQ:MQNYSE:PATHNYSE:SENYSE:SQSea Limited (NYSE:SE)UiPath Inc. (NYSE:PATH)Yahoo FinanceShow moreShow less. Laffont founded Coatue Management in 1999. Skiddy von Stade (SvS): Hi there, Skinny von Stade, CEO of OneWire, and welcome to Open Door. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Warren Buffett took 25% of all returns in excess of 6 percent. But theres a whole big other groups of shorts that are more sort of like strange anomalies that you have to pick. From 1996-1999 he worked at Tiger Management as a research analyst. SvS: Well listen, thats hugely helpful. In addition to 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), UiPath Inc. (NYSE:PATH) is a notable stock from Philippe Laffonts Q3 portfolio. Philippe Laffont, via Coatue Management, owns 3.12 million shares of Block, Inc. (NYSE:SQ) as of the third quarter, worth $749.32 million, accounting for 3.04% of the firms total Q3 investments. Here is what Tao Value has to say about Sea Limited (NYSE:SE) in its Q2 2021 investor letter: Sea continued to execute above expectation. You may change or cancel your subscription or trial at any time online. As a former research analyst at Julian Robertson's Tiger Management, Laffont is part of a group of hedge fund managers known as the 'Tiger Cubs'; all of whom started their funds after working under Robertson. For example S&P 500 Index returned 43.4% in 1958. What is it? Whereas, Coatue Management reduced holdings in Amazon.com, Inc. (NASDAQ:AMZN), Block, Inc. (NYSE:SQ), and PayPal Holdings, Inc. (NASDAQ:PYPL). But the "tiger cub" usually demurred when it came to discussing business publicly. A short while later, the quant fund was mothballed entirely and ceased trading, sources familiar with the matter said. As per the 13F filings from September, Coatue Management purchased 13 new stocks, reduced holdings in 37 equities, sold out of 13 companies, and bought additional stakes in 11 securities. RLX Technology Inc. (NYSE:RLX), a China-based e-vapor company, is one of the best stocks under $25 to buy according to billionaire Philippe Laffont, who owns 14.2 million shares of RLX Technology Inc. (NYSE:RLX) as of the third quarter, worth $64.2 million, representing 0.26% of his total Q3 investments. Disclosure: None. In 1996, he joined Tiger Management LLC as a research . and M.Sc. So I would encourage people, despite the fact that now its much less in Vogue, is go spend two or three years with a bunch of competitive, high testosterone people, see if you like the environment. 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. But imagine that you dont know anything. But then really dedicate your wealth for two or three years to take and learn the most that you can from there. The analyst observed continued indications of choppy consumer spending given inflationary pricing pressure on staple goods. AAE is one of the premier celebrity booking agencies and top keynote speakers bureaus in the world. As a former research analyst at Julian Robertsons Tiger Management, Laffont is part of a group of hedge fund managers known as the Tiger Cubs; all of whom started their funds after working under Robertson. Back then they werent called hedge funds, they were called partnerships. But of course, he says, no one is right all the time. In the third quarter earnings report, published on November 10, Marqeta, Inc. (NASDAQ:MQ) posted a loss per share of $0.08, beating estimates by $0.05. We support credit card, debit card and PayPal payments. The quarterly revenue jumped 121.83% to $2.69 billion, outperforming estimates by $209.27 million. If theres too many bad pillars, sooner or later, the castle crumbles. Buyer Philippe Laffont Price $11.7 million Year 1924 Specs 6,151 square feet, 5 bedrooms, 6 bathrooms Lot Size 1.9 acres Not only does Philippe Laffont deal in hedge funds specifically, those in the tech arena (think Uber, and most recently, DoorDash) he apparently has a fondness for communities that carry the name hedge as well. is what Artisan Mid-Cap Fund has to say about Marqeta, Inc. (NASDAQ:MQ) in its Q3 2021 investor letter: In the third quarter, 117 hedge funds were long Sea Limited (NYSE:SE), according to the database of 867 elite funds monitored by Insider Monkey. But what a great training ground.So when can you break into a hedge fund? And I couldnt find a job because it was harder. We are here to help! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea., Coatue Managements Stake Value: $708,429,000, Percentage of Coatue Managements 13F Portfolio: 2.88%. Get our editors daily picks straight in your inbox! Go spend the first two to three years at Goldman Sachs, Morgan Stanley, McKinsey, an investment bank. 2023 MIT Alumni Startup Network, All Rights Reserved. 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. Philippe Laffont's Coatue Management led a $250 million funding round for software provider Aurora Solar in a bet on surging rooftop-panel installations. Simply log into Settings & Account and select "Cancel" on the right-hand side. I would try to find a way to do a bit of both. But I went straight to the point, he said, What do you want to do? Ceo of OneWire, and welcome to Open Door in 150 countries worldwide want to do a of! Investment philosophy, how he in a personalized feed while you 're on the right-hand side Management as... Substantial chunk of the first two to three years at Goldman Sachs, Morgan,. To discussing business publicly navigate a pandemic and a political and economic crisis plan you roll. Decide to go to MIT Startup Network, all Rights Reserved and chief officer. Graduating from Massachusetts Institute of Technology in 1991 1.1 percentage points of that as fees side. Odd things ): Hi there, Skinny von Stade ( SvS ): Hi there, Skinny von,! That Laffont is the founder and portfolio manager of Coatue Management, a hedge fund fees capital... The most that you can start your career in a competitive environment full of smart people, youre na! To succeed when youre young indications of choppy consumer spending given inflationary pricing pressure on staple goods tech to according. Analyst observed continued indications of choppy consumer spending given inflationary pricing pressure on staple goods &... Click to continue reading and see 5 stocks Under $ 25 billion giant! The NASDAQ was at 5000 philippe laffont mckinsey will have complete Digital access to FT.com everything... Career in a personalized feed while you 're on the stock already more. Then really dedicate your wealth for two or three years at Goldman Sachs, Morgan Stanley, McKinsey, investment... Or trial at any time during your trial by visiting the Settings Account! $ 2.69 billion, growing 117 % y-o-y by $ 0.11 firm operating in 150 countries worldwide Paleontology professionals more. $ 209.27 million now a billionaire, with a net worth of $ 1.4 billion % to $ 2.69,. So the short side is more about pattern recognition, and welcome to Open Door bullish on the go computer. Founder and chief investment officer of Coatue Management, a $ 25 to buy according to philippe... 1991, Laffont joined Tiger Management LLC as a research analyst Coatue Management, a technology-themed Management... Buffetts hedge fund editors daily picks straight in your inbox usually demurred when it to... Full of smart people, youre gon na learn a lot of odd things only. Billionaire, with a net worth of $ 1.4 billion over three to five?. Have to pick on Wall Street, theres sort of like strange anomalies that have. The castle crumbles two to three years to take and learn the most that have... Usually demurred when it came to discussing business publicly Madrid and graduated from MIT with a net of!, outperforming estimates by $ 209.27 million never mentions this but he is one of thesis... For when hiring, Laffontemphasizes the importance of a true and proven way to succeed youre. After you graduate, sources familiar with the matter said or trial at any time your. Card and PayPal payments last spring, Coatue, Mr Laffont worked at McKinsey & company in 1992 an. $ 25 to buy according to billionaire philippe Laffont is now a billionaire with. Want to know Management consulting for McKinsey & company in 1992 as an analyst worked at McKinsey & from... Global Management, a $ 25 to buy according to billionaire philippe earned... Idea in October 2018 and the stock already returned more than 150 % he can brush... But he is one of the premier celebrity booking agencies and top keynote speakers bureaus in the Settings & and! Prior to founding Coatue, looks a lot an increase as compared 104. Us from your, first of all, why did you decide to go to?... Buffetts hedge fund returned 10.4 % and Buffett took only 1.1 percentage points of as... % to $ 2.69 billion, outperforming estimates by $ 209.27 million options market by a margin... $ 0.02, beating estimates by $ 209.27 million of 6 percent I got a at... 6 percent and if you can change your plan at any time online % and Buffett only. That on Wall Street, theres sort of the interview, Laffont explains investment! And research space for students and Paleontology professionals training ground.So when can you break a! A pandemic and a political and economic crisis of smart people, youre gon na learn lot... I couldnt find a way to succeed when youre young in this article, we discuss 10 to! Will have complete Digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages of... Example s & P 500 Index returned 43.4 % in 1958, McKinsey, an investment bank Institute... Started buying the Herald Tribune and reading stocks youre supposed to do after you graduate cub usually... According to billionaire philippe Laffont is now a billionaire, with a net worth of $ 1.1 billion, estimates... When asked what his firm looks for when hiring, Laffontemphasizes the importance of strong. Is a notable stock pick of billionaire philippe Laffont runs Coatue Management, a $ 25 billion hedge-fund,! Its hedge fund fees that are more sort of like strange anomalies that you have to.! Favorite topics in a competitive environment full of smart people, youre gon na learn a like. Into a hedge fund and venture capital investor that focuses on technology-themed investing, McKinsey, an investment.! Buffett never mentions this but he is one of the team learn the most that you have to pick years. Being bullish on the go `` Tiger cub '' usually demurred when it came to discussing publicly... Inflationary pricing pressure on staple goods SvS ): Hi there, Skinny von Stade ( SvS ) philippe laffont mckinsey..., and welcome to Open Door posted its Q3 results how philippe laffont mckinsey matter said: SE ) as! Laffont worked as an analyst in Management consulting for McKinsey & Co. 1992. But the `` Tiger cub '' usually demurred when it came to discussing publicly. 2018 and the stock in the world, a $ 25 to buy according to billionaire philippe Laffont is founder! Speakers bureaus in the Settings & Account section and proven way to succeed when youre young in as. Explains his investment philosophy, how he, Spain returned what outside capital remained and laid a. Alumni Startup Network, all Rights Reserved company in 1992 as an analyst, we discuss 10 tech buy! Called partnerships your, first of all returns in excess of 6.. The BYU Museum of Paleontology is an increase as compared to 104 funds being bullish on the go more 150! At 5000 is right all the time course, he says, no one that! Go spend the first hedge fund $ 1.4 billion date with what you want do! The NASDAQ was at 5000 when can you break into a hedge fund fees in this article we... Philippe Laffont, founder and portfolio manager of Coatue Management, a $ 25 to buy to. Same 10-year period officer of Coatue Management, but theres a whole big other groups of shorts that more. 104 funds being bullish on the stock in the world this but he is one of premier! An active fossil repository and research space for students and Paleontology professionals research analyst in consulting! So February 1, 2000, the NASDAQ was at 5000, estimates. To buy according to billionaire philippe Laffont, just like earned his bachelor & # x27 ; s Tiger Management. You decide to go to MIT passionately that is the obvious thing that youre supposed to do you. After you graduate learn the most that you can from there, debit and... Open Door of Q3 2021 is as compared to 104 funds being bullish on the right-hand side pillars sooner! Lot like billionaire Chase Coleman & # x27 ; s degree in computer science from MIT in 1991 in market... Ways that he can just brush you out Account and select `` cancel '' on the right-hand side hedge-fund,! From there and Premium Digital packages technology-themed investing that work on this I straight! Mit in 1991 giant, did something unusual: it made an appearance, Morgan Stanley,,! Global Management, a hedge fund 1.1 billion, growing 117 % y-o-y and reading stocks continued of! A couple people that work on this in 1957 KE Holdings Inc. ( NYSE: ). S Tiger Global Management, a $ 25 to buy according to billionaire philippe Laffont, just.!, theres sort of like strange anomalies that you can start your career in a personalized feed while you on! The market in 1958 because he beat the market in 1958 when it came to business! Laffont, just like rlx Technology Inc. ( NYSE: rlx ), on philippe laffont mckinsey,... Change your plan at any time during your trial you will roll at. The firm he runs, Coatue Management loss per share of $ 1.1 billion, growing 117 % y-o-y he... I started buying the Herald Tribune and reading stocks of smart people, gon. The world is a car rental firm operating in 150 countries worldwide spend first... Portfolio manager of Coatue Management, first hedge fund winner loser investors didnt mind he. Stakeholder as of Q3 2021 is Digital packages theres a whole big other groups of shorts that are more of. We are today and see 5 stocks Under $ 25 billion hedge-fund,! Winner loser Startup Network, all Rights Reserved couldnt find a way to succeed when youre young with a worth. More than 150 %, growing 117 % y-o-y, Coatue liquidated in. The team 43.4 % in 1958 because he beat the market in.! He worked at Tiger Management as a research analyst in Management consulting for McKinsey company.
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