Special Situations 🌐 Research Newsletter (Jay)
"This is the next $HKD, LMAO!"

What many don't realize is that silly pumps are not investments nor even fundamentals-based trades...they are very short-term ideas that require a lot of volume & tiny float. When volume doesn't come through next day/week, the trade withers & dies. https://t.co/a9zqXZOScd
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Special Situations 🌐 Research Newsletter (Jay)
With natural gas up another 13% in 2 days and oil rallying, most don't realize how big of an energy catastrophe we could have this winter. Most of the CPI/PPI beat was energy, and it could easily reverse...
$BOIL $UNG $AR $SD $USO $UCO $OXY https://t.co/jArn8iAgmO
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Special Situations 🌐 Research Newsletter (Jay)
https://t.co/rCjtTT03iF
Boaz knows, the decline in credit spreads is unsustainable $JNK $HYG...and earnings will likely be weaker in 3Q22
@boazweinstein
Breathtaking rally in CDS and bonds. Credit has retraced over 60% of the January to end of June widening in spreads. While some risk factors have gotten better, and earnings weren’t a disaster, some risk factors are worse such as China. Spreads feel way too low and asymmetric. - boaz weinstein
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Special Situations 🌐 Research Newsletter (Jay)
RT @boazweinstein: CDS pricing probability of a real recession near zero.
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Frederik Gieschen
Buffett: "Money tends to be fairly captive once it’s in a company. If a business gets subnormal returns, there’s a big threshold in terms of either a takeover, or a proxy fight, something like that to unleash the capital."
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Morning Brew ☕️
Our newsletter might be sharing your inbox space with a few uninvited guests soon.

The Federal Election Commission has approved Google's proposal to keep campaign emails from being marked as spam. https://t.co/1HGFDWwrS6
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Frederik Gieschen
Buffet in 1995: "The most important thing we’re trying to do is find a business with a wide and long-lasting moat with an honest lord in charge of the castle."

Munger: "The honest lord is low agency cost. That’s the word in economics." https://t.co/4fYG1O4WZf
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Special Situations 🌐 Research Newsletter (Jay)
SaaS bloodbath today; many got overzealous:
$PATH -7%
$COUP -4%
$HUBS -4%
$PCTY -4%
$CFLT -3%
$TEAM -3%
$RNG -3%
$CPNG -3%
$ZM -3%
$BL -3%
$GLBE -3%
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Paras Chopra
RT @paraschopra: 1/ At @wingify, we have changed our org structure several times.

A short thread on what I've learned about ORGANIZATION DESIGN in last 8 years.
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Ethan Mollick
Wow - the power of information technology drives growth in the long term. Historically, "the impact of printing accounted for at least 18% and as much as 68% of European city growth between 1500 and 1600." Cities with earlier presses benefited much more. https://t.co/9hg5akZwZ0 https://t.co/oa9qjIti0f
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Frederik Gieschen
RT @EdBorgato: Literally the singular most important thing in doing deals. It's the first filter. There's nothing else to even think about if this hurdle isn't cleared.

Good Munger story in the thread ↓ https://t.co/g3uQrzcH8c
Buffett in '95: "We have the attitude that you can’t make a good deal with a bad person.

We just forget about it. We don’t try and protect ourselves by contracts, due diligence. We forget about it. We can do fine over time, dealing with people that we like, admire, and trust." https://t.co/ugE4Kqpp1V - Frederik Gieschen
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Dr. Rhonda Patrick
The WHO may have dramatically underestimated the vitamin C intake required to prevent and treat collagen-related pathologies such as impaired wound healing.

The lack of statistical analyses of a landmark trial in 1944 may have led to a misleading conclusion.
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Compounding Capital
Check out the latest issue of The Compounding Capital Review.

I lay out a deep dive of $SLP, a small cap software business operating in a duopoly mkt structure.

80% GMs, 25% incremental ROIC, 1% TAM penetration.

Years of future profitable growth ahead.

https://t.co/oExISkh9mS
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