Special Situations 🌐 Newsletter (Jay Singh III)
Just love how companies are just like short term investors: announce buybacks when share price is high and stop when prices are low...

Jamie Dimon $JPM, we are talking about you!
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Morning Brew ☕️
Did Taco Bell steal the crispy taco? A California taco shop has a claim. (ft. @theblakeguidry) https://t.co/VWF5jqJ3Tg
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Special Situations 🌐 Newsletter (Jay Singh III)
$PINS *PINTEREST JUMPS 22% ON DJ REPORT OF ELLIOTT STAKE; ACTIVISM? TAKE OUT?
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Morning Brew ☕️
when you've finally moved on to a new job with a healthy office environment https://t.co/nDlBmBmAoS
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Special Situations 🌐 Newsletter (Jay Singh III)
Chinese tech has done exceeding well since this tweet $KWEB $BABA $PDD $TME
https://t.co/Ddrf5vxbEp https://t.co/y3U1ywOA3m
Imagine if the U.S. fined the entire tech sector every 3-6 months for social good...what would tech valuations look like? And should companies in $KWEB trade at a material discount? $BABA $JD $PDD $TME - Special Situations 🌐 Newsletter (Jay Singh III)
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Special Situations 🌐 Newsletter (Jay Singh III)
Get several hundred DMs per week. If the answer to your question is on this timeline in a tweet, please excuse if we cannot get to it. If you are a subscriber, just send an e-mail instead.
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Special Situations 🌐 Newsletter (Jay Singh III)
Coinbase $COIN is falling out of the coveted list of the world’s top 10 digital-asset exchanges by volume as markets battle crypto winter.

Latest data shows the firm is now the 14th largest exchange, down from fourth-biggest in late 2021, according to Mizuho Securities USA LLC.
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Special Situations 🌐 Newsletter (Jay Singh III)
Euro/USD briefly breached parity. How low will it go? And who wants to support the EU by taking a trip to Italy with me? https://t.co/qErfXH5UHm
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Frederik Gieschen
RT @72types: How did Buffett compound at 50% in the 1950s?

Take a look at his largest investment in 1955: Philadelphia & Reading.

Buffett’s P&R Investment:
- Bought at 0.5x book value in early 1955.
- Book value doubles over 5 years.
- Sold at 2x book value in late 1959.

CAGR = ~50% https://t.co/9nXkObnsOj
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Paul Graham
Someone asked me how the startup world views founders who fail. It depends how. If you (a) make something good and (b) understand why you failed, you'll generally be admired. Whereas if you make something lame and blame others for its failure, you won't be.
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Morning Brew ☕️
"your honor, it seems unfair to label my clients actions as 'insider trading', they were simply doing a bit they found on reddit" https://t.co/vAi9BJPaR9
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Frederik Gieschen
Renaissance's edge: “We’re right 50.75% of the time ... but we’re 100% right 50.75% of the time,” Mercer told a friend. “You can make billions that way.”

But even the casino has to be careful if high leverage meets a bad streak.
https://t.co/hj3uDoGlEg
Jim Simons on overriding the model during the 2007 quant quake (Man Who Solved Market): "Medallion needed to sell, not buy, he told his colleagues.

“Our job is to survive,” Simons said. “If we’re wrong we can always add [positions] later.” - Frederik Gieschen
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