Founder, Pledge Capital
4 dated public stances tracked since 2021-06-16, most recently 2021-06-16. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Edward Chang's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Edward Chang is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2021-06-16 | PW | owns | +15.7% | +62.9% | -47.6% |
| 2021-06-16 | JYNT | owns | +34.4% | -13.2% | -82.8% |
| 2021-06-16 | AVID | bullish | -30.3% | -15.0% | -31.2% |
| 2021-06-16 | ANGI | bullish | -15.7% | -33.3% | -70.4% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| ANGI | 1 | | 1 bullish | 2021-06-16 |
| AVID | 1 | | 1 bullish | 2021-06-16 |
| JYNT | 1 | | 1 bullish | 2021-06-16 |
| PW | 1 | | 1 bullish | 2021-06-16 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2021-06-16
JYNT
owns
Dennis Hong · video
The Joint's recurring membership model, preventative-care positioning, and regional developer franchise strategy — where skin-in-the-game operators coach new franchisees — enable fast, sustainable unit growth with lower execution risk than a typical rollout.
“we're still invested in the joint and it's one of our still one of our biggest positions”
90d +34.4% · 180d -13.2% · 1y -82.8%
Edward Chang, how did you compound with 30%+ p.a. at Pledge Capital? A talk focussed on Avid's stock
2021-06-16
AVID
bullish
Dennis Hong · video
Hollywood's dominant video/audio editing platform (Media Composer, Pro Tools) has a sticky professional user base that survived 30 years of competition from Apple and Adobe, and is undergoing a high-value SaaS transition that lowers entry friction, expands…
“avid is quickly becoming a potential punch card like it's worth asking is this a punch card investment”
90d -30.3% · 180d -15.0% · 1y -31.2%
Edward Chang, how did you compound with 30%+ p.a. at Pledge Capital? A talk focussed on Avid's stock
2021-06-16
PW
owns
Dennis Hong · video
Power REIT's legacy railroad and greenhouse assets are carried on the balance sheet at historical cost, creating a wide discount to NAV, while its pivot to greenhouse cannabis farming offers a cost advantage over indoor cultivation (sunlight-dependent, lower…
“we've done very well with that investment”
90d +15.7% · 180d +62.9% · 1y -47.6%
Edward Chang, how did you compound with 30%+ p.a. at Pledge Capital? A talk focussed on Avid's stock
2021-06-16
ANGI
bullish
Dennis Hong · video
Management is making the right long-term product investments and executing in the correct direction, creating a setup with significant optionality that the market has not yet fully recognized.
“I do believe they're executing in the right direction that you can't argue that”
90d -15.7% · 180d -33.3% · 1y -70.4%
Edward Chang, how did you compound with 30%+ p.a. at Pledge Capital? A talk focussed on Avid's stock
Idea Scout Weekly
Every Sunday: who said what across the tape we track —
1766 voices, 5,177 episodes and articles —
with side-flips and points of disagreement called out. Free.
How we track it.
Free · double opt-in · unsubscribe in one click
Follow an investor and their newest stances lead The Brief, the free morning email; these pages update every morning.