⁠Brandon Beylo
I don’t see the world’s best athletes with Bitcoin around their necks after they win.

Bullish #gold
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⁠iinvested
2Q'24 Upslope Capital Management on $TDY, $DSFIY, $WIPKF

https://t.co/1hEfM5NzOW

More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/dswO9ffbyJ
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⁠Finding Compounders
Balancing ROIC and Growth to build
value by McKinsey https://t.co/HSMs4bNT8o
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⁠Librarian Capital
AB InBev $ABI 24Q2 LATAM organic growth

Middle Americas
Volume +1.3%
Revenue +5.9%
Norm. EBITDA +10.8%

South America
Volume +0.6%
Revenue +6.1%
Norm. EBITDA +21.7%

Volume
Up: Mexico (MSD), Columbria (LSD), Brazil (4.1%)
Down: Peru (HSD), Ecuador (LSD), Argentina (low-20s) https://t.co/8SsneCOPPY
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⁠Librarian Capital
FT: "Seth Klarman’s weird Pershing flirtation"

"Ackman said Baupost had put in an order of $150m ... Baupost reportedly quickly dropped out"

"It’s almost tempting to assume Baupost’s mooted investment must have been orchestrated by some portfolio mgmr. without Klarman’s say-so" https://t.co/yUL0jDrYDS

Seth Klarman’s weird Pershing flirtation https://t.co/exYwA5ddDu - FT Alphaville
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⁠Librarian Capital
Schroders $SDR 24H1 results

Every part of asset mgmt. had outflow ex. Private Mkt.
Fee margin decline, so lower revenues on higher AUM
Largely fixed costs, EBIT -£26.4m as revenues -£32.8m
But on restructuring costs this year, so flattish PBT https://t.co/qqPqcwis6T
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