Jose Maria Hernanz Fernandez-Aguado’s Post

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗪𝗲𝗲𝗸𝗹𝘆 𝗖𝗼𝗻𝘁𝗲𝗻𝘁 – 𝗪𝗲𝗲𝗸 𝟮𝟰, 𝟮𝟬𝟮𝟱 | 𝗧𝗲𝗰𝗵 & 𝗩𝗖 🚀 My curated selection of the best content I have read/listened this week. 📉 𝗠𝗼𝗻𝗱𝗮𝘆 𝟵𝘁𝗵 𝗝𝘂𝗻𝗲 – 𝗠&𝗔 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝘃𝗲𝗿𝘆 𝗹𝗼𝘄 As Torsten Slok, Apollo´s Chief Economist, shares, global M&A activity is currently near its lowest level in the past two decades. This has many implications but among others the liquidity for PE and VC LPs, a situation further exacerbated by the continued stagnation of the IPO market. Being this true, we have just learned that Meta is closing a $29bn acquisition of Scale AI. This would be one of the largest exits in VC history. 🍎 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝟭𝟬𝘁𝗵 𝗝𝘂𝗻𝗲 – 𝗔𝗽𝗽𝗹𝗲´𝘀 𝗪𝗪𝗗𝗖 𝟮𝟱 - 𝗦𝘁𝗼𝗰𝗸 𝗽𝗿𝗶𝗰𝗲 𝘀𝘂𝗳𝗳𝗲𝗿𝗶𝗻𝗴 This week was Apple´s 2025 Developer Conference in Cupertino. As for consumers, there are very few noteworthy announcements. On the AI front, everyone was expecting much more. In this light, company stock price is suffering (-20% in the last 6 months) as Apple seems to be falling behind other big tech in relation to AI. Notably, last year’s WWDC promised a “major improvement in Siri and AI capabilities,” yet those advancements have still not materialized. 🎙️ 𝗪𝗲𝗱𝗻𝗲𝘀𝗱𝗮𝘆 𝟭𝟭𝘁𝗵 𝗝𝘂𝗻𝗲 – 𝗦𝗲𝗮𝗻 𝗣𝗲𝗰𝗵𝗲 𝗺𝗲𝗲𝘁𝘀 𝗛𝗼𝘄𝗮𝗿𝗱 𝗠𝗮𝗿𝗸𝘀 I’ve mentioned before that Sean Peche is, in my view, one of the top equity investors worth following. This week, he shared key takeaways from a recent encounter with Howard Marks, one of the greatest investors of our time and founder of Oaktree Capital (if you’re not already subscribed to his memos, go sign up) https://lnkd.in/d2DfVtyq 🎙️ 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆 𝟭𝟮𝘁𝗵 𝗝𝘂𝗻𝗲 – 𝗢𝗻 𝗳𝗿𝗲𝗲𝗱𝗼𝗺: 𝗣𝗮𝘃𝗲𝗹 𝗗𝘂𝗿𝗼𝘃 𝗺𝗲𝗲𝘁𝘀 𝗧𝘂𝗰𝗸𝗲𝗿 𝗖𝗮𝗿𝗹𝘀𝗼𝗻 Pretty shocking interview from Tucker Carlson to Pavel Durov, founder of Telegram. Durov shares his experience of being arrested in France, with reasons behind the arrest apparently not 100% clear or clean. If you are worried about data privacy, freedom of expression and the growing concerns around the practices of Western governments, this is a must-watch. https://lnkd.in/dtQ2fmBF 📰 𝗙𝗿𝗶𝗱𝗮𝘆 𝟭𝟯𝘁𝗵 𝗝𝘂𝗻𝗲 – 𝗡𝘂𝗰𝗹𝗲𝗮𝗿 𝗘𝗻𝗲𝗿𝗴𝘆: 𝗧𝗵𝗲 𝗪𝗼𝗿𝗹𝗱 𝗯𝗮𝗻𝗸 𝗹𝗶𝗳𝘁𝘀 𝗶𝘁𝘀 𝗹𝗼𝗻𝗴𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗯𝗮𝗻 The world bank has announced it will start funding projects to build or extend lifespan of nuclear power plants. This marks a significant policy shift that could influence other global institutions and governments to adopt a more favorable stance toward nuclear energy. In the case of Spain, I hope this, alongside Germany’s changing position and other recent developments, serves as a wake-up call for policymakers. It is imperative to have a solid power generation infrastructure. Increasingly important if we want to be an “AI country”.