Special Situations 🌐 Research Newsletter (Jay)
2/3 of US consumers say planning to reduce spending over 6 months as result of inflation, according to recent survey of 2,000 people conducted July 15 to 18 by $MS. similar % identify inflation as a top concern. Leisure spending poll slowed from rise of 7% to only 2%. $DAL $UAL
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Jim OShaughnessy
My grandfather taught me what he called "premeditating," which is a close facsimile to the Zander letter described here.

It works.

Issue #90 - Zander Letter, Dislocation of Expectation & Restaurant Game, by @Kpaxs https://t.co/epReW1eOmZ
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James Wang
If you need accomplishments to feel happy you’re still (trapped) in the game.
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Leaked Tech Memos
Offer letter from Steve Jobs, 1989. https://t.co/SUWVTcxFkx
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Sidecar Partners
RT @MilesHWood: The risk-taking model suggests that the entrepreneur's chief advantage is one of temperament—he’s braver than the rest of us are. In the predator model, the entrepreneur’s advantage is analytical—he's better at figuring out a sure thing than the rest of us
https://t.co/FilYOtnzgL
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James Wang
At least when Microsoft killed software companies in the 90s they didn’t pretend to be virtuous and looking out for their users.
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Special Situations 🌐 Research Newsletter (Jay)
$FAZE email went out to subs earlier today. Another opportunity created for August.
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Tren Griffin
What business is this?

"Net cash provided by operating activities was $30 million in the quarter, compared to $382 million in the same period in the previous year."
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Tren Griffin
Is Google's LaMDA conversational technology having a personality crisis?
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FXHedge
TESLA'S BITCOIN DUMP LEAVES ACCOUNTING MYSTERY IN ITS WAKE; REMAINING POT OF DIGITAL ASSETS AS OF JUNE 30 WAS WORTH $218M, A REDUCTION OF MORE THAN ONE BILLION DOLLARS FROM THE PREVIOUS QUARTER: BBG
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Compounding Capital
Mistake I’ve made repeatedly is not selling when I no longer like a company because want to maintain equity exposure

Leads to selling later than I should or even swapping into new company to maintain exposure

Buy and sell decisions should be independent for long only portfolio
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Rolf Degen
The political right and left are, on balance, equally susceptible to conspiracy theories. https://t.co/v6PSjWMEvl https://t.co/3lCgoUv5ut
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Paul Graham
I love talking to YC founders from way back. Some of them have been running their companies for 10 years or more, and as well as being airline-captain confident are now walking encyclopedias about some chunk of the economy.
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Saj Karsan
Measuring America's trend towards political polarization https://t.co/gkIwVm0XyV
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