⁠Finding Compounders
Why Skin in the game matters

One of the advantages family owned businesses have

Sourced from my newsletter .

The link is in my bio https://t.co/ppS4TYnm1M
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⁠Finding Compounders
The best investing related YouTube channel https://t.co/GY7OwVoJ6x
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⁠Hidden Value Gems
A few charts on why Yen carry trade has become such an important factor:

1/ Low rates and low inflation led to Yen weakening, which in turn…

2/ Led to more shorts against Yen and…

3/ More cross-border borrowing in Yen

4/ But a sudden rise in rates and Yen, reversed this “carry trade”.
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⁠Hidden Value Gems
The doom loop and four ways it may end, according to @Gavekal

Falling US stocks lead to US dollar declines expectation to Yen strength to Yen carry trade unwinds to more selling of US stocks and so on. https://t.co/MGmvZ7aYZr

A few charts on why Yen carry trade has become such an important factor:

1/ Low rates and low inflation led to Yen weakening, which in turn…

2/ Led to more shorts against Yen and…

3/ More cross-border borrowing in Yen

4/ But a sudden rise in rates and Yen, reversed this “carry trade”. - Hidden Value Gems
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⁠iinvested
2Q'24 Merion Road Capital on $VCTR, $LAKE

https://t.co/crY8866fjc

More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/C64R152izi
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