Antonio Stancati

Some context, in case it's useful:

Born in 2006 to a southern Italian family
Grew up between Milan, Basel, Copenhagen, Brussels, and Zurich
Italian by passport, multilingual by circumstance
On the Internet since around 2012, old enough to remember when YouTube still felt small
My father was an acquaintance of Steve Wozniak; I grew up around old Apple hardware and read the relevant literature early, which probably explains everything I'm interested in now
3.9 GPA in high school
Won the Accenture Switzerland hackathon
Building GMMU, a holding structure for what comes next
Managing a small biotech-focused portfolio as an early experiment in concentrated investing
Running an algorithmic trading experiment since 2024 on a dedicated Mac that researches, tests, and trades crypto and equity strategies. Living as its own being 24/7

Some things I believe:

What works often doesn't look like it does
- The Wozniaks of every era are usually unfashionable when they start
- "An idiot admires complexity, a genius admires simplicity" — Terry
- The best technology disappears into ordinary life
Concentration is underrated
- A few well-understood positions beat a hundred shallow ones
- This is true in investing, in friendships, and in careers
- "Diversification is what you do when you don't know what you're doing" — Warren
Quality of attention is the actual scarce resource
- Most decisions get worse the longer you take to make them
- Most thinking gets better the longer you give it
- Knowing which is which is most of the game
Reading deeply matters more than reading widely
- Most ideas worth knowing are in fewer than 100 books
- Most of those have been around for a long time
- Reading the same good book twice beats reading two mediocre ones

Ventures

GMMU. Building. A holding structure for apps, financial products, and longer-term projects. More to come once there's something worth pointing to.

A few books I've returned to:

Updated occasionally.

Things I'm thinking about:

What problems are hard not because they're complex, but because they require taste?
What happens to fields built on careful human judgement when AI can do the analytical work in minutes instead of weeks?
Which industries get permanently reshaped by SMR nuclear, and which don't change at all?
What do biotech investors systematically underweight?
What questions should I be asking that I'm not yet?

Updated occasionally.