Forward Guidance · Friday, August 7, 2026
Tyler announced his departure from Muddy Waters, heading to Schotten Capital. He described the new firm's focus on "real things" like large industrial companies, as AI commoditizes software sectors. Tyler expressed excitement for this macro play and the secular trend of investing in hard assets rather than software.
“So, uh, this will be our last one for a while, which I'm sad about, but, uh, yeah, tell us, tell us what you're up to and what's going on, man.”
“Yeah, yeah. No more, uh, you know, pontificating about the market publicly, unfortunately. So, um, I'm heading to, uh, this fund called Schoten Capital. They're, uh, basically investing in in real things. Like they think with, with AI kind of commoditizing a lot of the software sectors, what can't you replicate? It's essentially large industrial companies and, and things like that.”
“So, you know, the secular play here is, uh, large cap ex things that you can't, uh, reproduce. And maybe AI commoditizes a lot of things and you get bigger margins from historical businesses you never thought. So, I think it's a great macro play. And not only that, but these guys, uh, their Xbon, uh, X-third point and, uh, super smart guys. And it's gonna be, uh, interesting secular play. But, uh, I'm super excited.”