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Librarian Capital
"The youngest CFO in the Fortune 500 was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that" (Fortune)
Harvard, JPMorgan, Stanford MBA, then Chief Sustainability Officer at 29 and CFO at 32
"Meritocracy" (the Michael Young definition) https://t.co/EQRy7lMMrM
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"The youngest CFO in the Fortune 500 was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that" (Fortune)
Harvard, JPMorgan, Stanford MBA, then Chief Sustainability Officer at 29 and CFO at 32
"Meritocracy" (the Michael Young definition) https://t.co/EQRy7lMMrM
The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior (and multiple arrests) could change that https://t.co/T6dY74kJag tweet
AkhenOsiris
Ireland releases their PMI data at 1am local time.
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Ireland releases their PMI data at 1am local time.
IRELAND (JUL) AIB IRELAND PMI SERVICES ACTUAL: 53.6 VS 54.2 PREVIOUS - First Squawktweet
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Hidden Value Gems
Market sentiment seems to be cautious with 61% of respondents seeing the market as overvalued (vs 43% avg for 1998-2023).
Not in a bubble from this point of view. https://t.co/rvVQUcOCHi
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Market sentiment seems to be cautious with 61% of respondents seeing the market as overvalued (vs 43% avg for 1998-2023).
Not in a bubble from this point of view. https://t.co/rvVQUcOCHi
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Hidden Value Gems
RT @HiddenValueGems: $MSFT has seen the largest increase in Capex/Sales ratio in the past 10 years (now at 18% compared to 3% in 2014).
$AAPL Capex/Sales has actually declined over the same period (from 3% to 2%). https://t.co/83npeBxqn6
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RT @HiddenValueGems: $MSFT has seen the largest increase in Capex/Sales ratio in the past 10 years (now at 18% compared to 3% in 2014).
$AAPL Capex/Sales has actually declined over the same period (from 3% to 2%). https://t.co/83npeBxqn6
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Hidden Value Gems
Just saw this really interesting piece by Bridgewater Associates on the Top 10 companies in each decade and their subsequent performance.
One thing to note is that many stocks stayed in the Top10 for 30-40 years, so just becoming one of the largest companies doesn't mean it is a bad stock going forward.
More points below 🧵👇
1/10
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Just saw this really interesting piece by Bridgewater Associates on the Top 10 companies in each decade and their subsequent performance.
One thing to note is that many stocks stayed in the Top10 for 30-40 years, so just becoming one of the largest companies doesn't mean it is a bad stock going forward.
More points below 🧵👇
1/10
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Offshore
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Finding Compounders
Warren Buffett
“Avoid mindless imitation of peers. I never talk to brokers or analysts. You have to think for yourself.” https://t.co/jVhGlxDCgB
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Warren Buffett
“Avoid mindless imitation of peers. I never talk to brokers or analysts. You have to think for yourself.” https://t.co/jVhGlxDCgB
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Librarian Capital
Beware of people doing victory laps this week
Example: FT article saying Ruffer Investment Company's $RICA gained 4% "since the start of July", crediting bets on JPY, gold, etc.
What it doesn't say: RICA NAV gained just 0.4% YTD before "the start of July"; shares down 0.9% https://t.co/Ks0WdZwGB3
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Beware of people doing victory laps this week
Example: FT article saying Ruffer Investment Company's $RICA gained 4% "since the start of July", crediting bets on JPY, gold, etc.
What it doesn't say: RICA NAV gained just 0.4% YTD before "the start of July"; shares down 0.9% https://t.co/Ks0WdZwGB3
‘Wizard of Oz’ among big winners from market turmoil https://t.co/zOZ8cIuCvU tweet
Dimitry Nakhla | Babylon Capital®
“The focus of most investors differs from that of value investors. Most investors are primarily oriented toward return, how much they can make, and pay little attention to risk, how much they can lose.”
— Seth Klarman 🗣️
#stocks #investing
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“The focus of most investors differs from that of value investors. Most investors are primarily oriented toward return, how much they can make, and pay little attention to risk, how much they can lose.”
— Seth Klarman 🗣️
#stocks #investing
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Librarian Capital
"The Mess at Yosemite" (Bloomberg Businessweek)
"Congress passed a law that gave concessionaires the upper hand in negotiations with the parks ... The NPS (National Park Service) was forced to cede the vast majority of park profits to concessionaires in exchange for as little as 0.75% of gross revenue"
$ARMK
h/t @EpicureanDeal
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"The Mess at Yosemite" (Bloomberg Businessweek)
"Congress passed a law that gave concessionaires the upper hand in negotiations with the parks ... The NPS (National Park Service) was forced to cede the vast majority of park profits to concessionaires in exchange for as little as 0.75% of gross revenue"
$ARMK
h/t @EpicureanDeal
THREAD 1/ Today @BW published my investigation into how Yosemite, the birthplace of the national parks, has become more dangerous for people and wildlife alike on the watch of Aramark, the private contractor that runs most visitor services. Gift link: https://t.co/ULsVBlg3Mr tweet
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Hidden Value Gems
RT @HiddenValueGems: If you bought $INTC shares in August 2009, you would be down -20% today, despite huge demand for chips and the rise of the global tech sector... https://t.co/QMSrLcXusu
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RT @HiddenValueGems: If you bought $INTC shares in August 2009, you would be down -20% today, despite huge demand for chips and the rise of the global tech sector... https://t.co/QMSrLcXusu
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Librarian Capital
"Vista Winds Down Hedge Fund, Citing Dominance of Private Markets" (Bloomberg)
"Founded in 2014 and ... managing about $550m ... the fund’s total net return was 12.8% YTD and 8.5% annualized since inception"
Skillsets for stockpicking and PE overlap only a little
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"Vista Winds Down Hedge Fund, Citing Dominance of Private Markets" (Bloomberg)
"Founded in 2014 and ... managing about $550m ... the fund’s total net return was 12.8% YTD and 8.5% annualized since inception"
Skillsets for stockpicking and PE overlap only a little
Vista Equity Partners has told investors it’s winding down its hedge fund amid a “structural shift” in markets toward private assets. https://t.co/wMIZl9HQxn tweet
twitter.com
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