Episode 41: Where to next? SPACs, rising interest rates and tech stocks

Michael Frazis gives an update on SPACs, rising interest rates, tech valuations and what might happen next. Timestamps  1:35 - Quick review of 2021   2:30 - Thoughts on Cathie Wood and ARK  3:59 - Expansions and contractions in software multiples  7:40 - Snowflake   8:47 - SPACs: why we like them and why they're dangerous (hint: the same reason) 12:02 - Why we hope SPACs encourage leading tech firms to list sooner 14:21 - Dodgy forecasts 16:51 - Why we rule out most SPACs in the fund 18:00 - Navigating rising interest rates  22:33 - The recent sell-off 24:32 - How we look at market rotations 26:46 - Coupang IPO