M&A Focused CPA
I wrote this thread before on NWC
https://t.co/iJ0naCozEX
Here's why it's important to understand when you're buying a business:
thread on net working capital (NWC) inspired by @GoodsCapital and @ClintFiore's reluctance to trust accountants lol - M&A Focused CPA
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Special Situations 🌐 Research Newsletter (Jay)
Post FOMC meeting, 50-75 bps still on the table for September (but 2 months of CPI and Labor data to digest in between), and a couple points in 2:30pm discussion were dovish on the margin...

Most of what was said was expected.
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FXHedge
EVERGRANDE CREDITORS DEMAND FURTHER EXPLANATION FOR BILLIONS IN SEIZED CASH: DJ
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Michael Mauboussin
🙏🙏 https://t.co/ZXIMLfeR8M
@BrianFeroldi H/T @mjmauboussin https://t.co/WdUMMjVhl0 - Arthur Cahuantzi
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Paul Graham
In England, people drive pickup trucks when they need to carry the types of loads they're suited for. But no one drives a pickup truck as a fashion statement. That would seem a very strange idea, like driving a tractor as a fashion statement.
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FXHedge
PELOSI'S HUSBAND SOLD $5 MILLION IN NVIDIA STOCK AHEAD OF VOTE ON CHIPMAKER SUBSIDES -NYP
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Special Situations 🌐 Research Newsletter (Jay)
As noted by GS, in recent weeks, upwards of 40% of daily SPX option volumes have an expiry of less than 24 hours. That is a lot of short dealer gamma, which will contribute velocity to an already less liquid trading environment!
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Special Situations 🌐 Research Newsletter (Jay)
Publishing note for subscribers shortly with views on today's FOMC meeting, GDP estimate range for tomorrow, EU equities, Chinese equities, U.S. fiscal deficit/tax receipts, EUR/USD target for 2H22.
https://t.co/r7f3PlxC5V
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Paul Graham
I introduced a founder who needed a specific kind of help to Ron Conway. Ron's not an investor in his company, but I knew it wouldn't matter. Ron wants to fix any brokenness in a startup, regardless of whether it's a portfolio company. He's playing Tetris with Silicon Valley.
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MastersInvest.com
RT @chriswmayer: Love the Gell-Mann Amnesia Effect, described by Michael Crichton, who formulated the Effect in conversation with Gell-Mann (h/t @TheBrowser): https://t.co/GIixXAHDUJ
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MastersInvest.com
RT @lostinhist0ry: Shipping a 5MB hard drive in the 1950’s. https://t.co/aQsz2Ejq7x
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Morning Brew ☕️
catching up on the news https://t.co/LV9rNWO3Ts
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Special Situations 🌐 Research Newsletter (Jay)
Several reasons why $AMZN has legally gotten away with paying 5.1% corporate tax on overage for the last 4 years. A step up to 15% could mean an additional $5bn hit to free cash flow. Good point by @Crussian17
https://t.co/Xpn1upeKbI. https://t.co/RNFJH5jOJc
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M&A Focused CPA
RT @BoilerPlateCPA: Businesses are frequently valued on earnings multiples but I find it helpful to estimate a replacement cost too.

How much would it cost to reproduce:
- their client list
- the tangible assets
- acquiring talent
- processes / best practices
- YOUR opportunity cost while building
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Tren Griffin
I always get crabby when interest rates rise. I am am also crabby when they fall or stay flat.

I'm compelled to turn what is in the picture on the left left into what is on the right on calendar days that are odd or even. How crab is consumed varies, but prep is mostly simple. https://t.co/9QjNKO8CZz
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