⁠Brandon Beylo
Funny how the Big Banks work their price targets.

Block $SQ has doubled Gross Profit AND turned profitable since 2021.

Yet Morgan Stanley’s 2024 price target is ~80% lower than 2021.

I know they don’t ring bells at bottoms and all … but.

$SQ - Morgan Stanley

2021 Price target : $245
2024 Price target : $55

2021 Gross Profit : $4.4B
2024 Gross Proft est : $8.8B

🤷‍♂️ https://t.co/XIUtUI1mFD - Cute Baby
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⁠Hidden Value Gems
RT @HiddenValueGems: Someone is building a very wide moat here 👇🏼

How much luxury brands have spent on advertising from 2010 to 2023.

Not surprised that LVMH topped the list , but pretty surprised that Richemont came second . https://t.co/kfmbHYdy6i - Finding Compounders
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⁠Brandon Beylo
I don’t see the world’s best athletes with Bitcoin around their necks after they win.

Bullish #gold
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⁠iinvested
2Q'24 Upslope Capital Management on $TDY, $DSFIY, $WIPKF

https://t.co/1hEfM5NzOW

More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/dswO9ffbyJ
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⁠Finding Compounders
Balancing ROIC and Growth to build
value by McKinsey https://t.co/HSMs4bNT8o
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⁠Librarian Capital
AB InBev $ABI 24Q2 LATAM organic growth

Middle Americas
Volume +1.3%
Revenue +5.9%
Norm. EBITDA +10.8%

South America
Volume +0.6%
Revenue +6.1%
Norm. EBITDA +21.7%

Volume
Up: Mexico (MSD), Columbria (LSD), Brazil (4.1%)
Down: Peru (HSD), Ecuador (LSD), Argentina (low-20s) https://t.co/8SsneCOPPY
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⁠Librarian Capital
FT: "Seth Klarman’s weird Pershing flirtation"

"Ackman said Baupost had put in an order of $150m ... Baupost reportedly quickly dropped out"

"It’s almost tempting to assume Baupost’s mooted investment must have been orchestrated by some portfolio mgmr. without Klarman’s say-so" https://t.co/yUL0jDrYDS

Seth Klarman’s weird Pershing flirtation https://t.co/exYwA5ddDu - FT Alphaville
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