Offshore
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Hidden Value Gems
A UK-based HF (Gladsone Capital) is long $RACE and short Porche $P911.DE with the idea that EVs will disrupt luxury cars, but Ferrari is more of a membership club.
“The difference being, Ferrari makes 14,000 cars. There's a club, there's a waiting list. To get one of the special Ferraris, you need to be a repeat buyer. It's more of a club membership and it truly offers status.”
From Behind the Balance Sheet: #45 The Chess Master, 20 Mar 2025 👇
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A UK-based HF (Gladsone Capital) is long $RACE and short Porche $P911.DE with the idea that EVs will disrupt luxury cars, but Ferrari is more of a membership club.
“The difference being, Ferrari makes 14,000 cars. There's a club, there's a waiting list. To get one of the special Ferraris, you need to be a repeat buyer. It's more of a club membership and it truly offers status.”
From Behind the Balance Sheet: #45 The Chess Master, 20 Mar 2025 👇
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Offshore
Video
Quiver Quantitative
Bernie Sanders: Does anybody think it makes sense that we have a campaign finance system where Musk can put $270 million to get Trump elected?
But it's not just Republicans.
You've got billionaire Democrats who are telling candidates not to stand up for the working class. https://t.co/dPqNKZwT5x
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Bernie Sanders: Does anybody think it makes sense that we have a campaign finance system where Musk can put $270 million to get Trump elected?
But it's not just Republicans.
You've got billionaire Democrats who are telling candidates not to stand up for the working class. https://t.co/dPqNKZwT5x
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Offshore
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Offshore
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The All-In Podcast
Howard Lutnick says he's already sold 1000 "Trump Cards" for $5M each 🔥💰
In an incredible interview with @chamath and @friedberg, @howardlutnick gave an update on the program:
-- $5M gets you a "Gold Card" or permanent residency in the US
-- Card holders can become citizens, but don't have to
-- Buyers are vetted, and card can be revoked for illegal behavior
-- ~37M people globally who are capable of purchasing
-- President Trump believes we can sell 1M, raising $5T for the US
-- The card program will launch in a few weeks, @elonmusk is building the software
This year, we're working with @polymarket to create markets out of bestie predictions.
Last month, @friedberg created: "How many Gold Cards will Trump sell in 2025?" after the besties discussed the plan on E217.
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Howard Lutnick says he's already sold 1000 "Trump Cards" for $5M each 🔥💰
In an incredible interview with @chamath and @friedberg, @howardlutnick gave an update on the program:
-- $5M gets you a "Gold Card" or permanent residency in the US
-- Card holders can become citizens, but don't have to
-- Buyers are vetted, and card can be revoked for illegal behavior
-- ~37M people globally who are capable of purchasing
-- President Trump believes we can sell 1M, raising $5T for the US
-- The card program will launch in a few weeks, @elonmusk is building the software
This year, we're working with @polymarket to create markets out of bestie predictions.
Last month, @friedberg created: "How many Gold Cards will Trump sell in 2025?" after the besties discussed the plan on E217.
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Offshore
Photo
Hidden Value Gems
Just noticed this large insider activity in $BUR.L last week. No formal progress on Argentina though... https://t.co/K8q6AAVAdR
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Just noticed this large insider activity in $BUR.L last week. No formal progress on Argentina though... https://t.co/K8q6AAVAdR
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Offshore
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Finding Compounders
“Once the holding period extends into the 10 year and 20 year range, returns are mostly entirely explained by fundamentals. In the long term fundamental matter”
Source: Seilern Asset Management https://t.co/wUzducZO7f
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“Once the holding period extends into the 10 year and 20 year range, returns are mostly entirely explained by fundamentals. In the long term fundamental matter”
Source: Seilern Asset Management https://t.co/wUzducZO7f
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Offshore
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Finding Compounders
The primary role of management is Capital allocation.
But as Buffett notes , most heads of companies are not skilled in Capital allocation.
This extract explains why .
Source : Capital Returns (https://t.co/go4H211EyZ) https://t.co/3hb0XTxnsp
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The primary role of management is Capital allocation.
But as Buffett notes , most heads of companies are not skilled in Capital allocation.
This extract explains why .
Source : Capital Returns (https://t.co/go4H211EyZ) https://t.co/3hb0XTxnsp
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Offshore
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Finding Compounders
Warren Buffett on the most important quality for an investment manager https://t.co/o11lWAJKoR
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Warren Buffett on the most important quality for an investment manager https://t.co/o11lWAJKoR
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