Meb Faber
You can't state "buybacks and dividends are economically similar" and also state that buybacks magically "causes their shares to rise" and "raises the value of remaining stocks".

It may look that way but only because on average CEOs aggressively buy back shares when stock cheap. https://t.co/Tyq7PbnSnV
Corporations have two basic ways to distribute profits to their shareholders: issue dividends (the traditional route) or offer to buy back a certain number of their own shares, which in turn raises the value of remaining stocks held by individuals and institutions - Chuck Marr
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Ethan Mollick
Why the mediocre wins:
1. Everyone thinks mediocre ideas are fine. But people either love or hate innovative ideas
2. When groups judge an idea, the few negative reviews get more attention as “negative evaluators appear smarter"
3. As a result great ideas are judged more harshly https://t.co/vjwEDJlmjr
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Morning Brew ☕️
Stat: Money spent on recent FIFA World Cups
(via @FOS)

2014 (Brazil) - $15B
2018 (Russia) - $11.6B
2022 (Qatar) - $220B
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Jim OShaughnessy
I adopted the Scaffolding Ideas framework years back (without calling it that) It's a very helpful framework IMO

Issue #96 - Dumbstruck Effect, Scaffolding Ideas & Censorship Through Noise Strategy, by @Kpaxs https://t.co/xE3gTntjhB
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FXHedge
UKRAINE SAYS PUTIN IS USING ‘BODY DOUBLES’ TO HIDE HIS HEALTH PROBLEMS -NYP
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Morning Brew ☕️
What happens when the Chief Happiness Officer gets depressed? https://t.co/w7H3fVNHT8
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Morning Brew ☕️
Get the same rush as your self-care spending, now from your investment contributions.

Shop @moneywithkatie's 2022 Wealth Planner to get started. https://t.co/P8PyCPPiyV https://t.co/Tver0JgzkP
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Paul Graham
In letter from summer camp, 13 yo asks us to send a package with candy hidden inside (since they have to open packages in the camp office). We're going to do it. Who could resist such a challenge?
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Jerry Neumann
Is there anywhere I can sort colleges based on something other than perceived reputation and earnings after graduation?

Things like: teaching (vs. research) orientation of faculty, class sizes, diversity of student body, propensity of graduates to do interesting things, etc.?
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Special Situations 🌐 Research Newsletter (Jay)
Crypto platform Voyager Digital LLC, which filed for bankruptcy protection last month, said it expects to resume user access to the app for cash withdrawals next week. $mara $riot $mstr $coin
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Special Situations 🌐 Research Newsletter (Jay)
Russian Foreign Minister Lavrov said Friday that his country was ready to discuss a prisoner exchange offer from US involving basketball star Brittney Griner, but warned that "loud statements" and public diplomacy from the Biden administration could sink hopes of any deal.
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Special Situations 🌐 Research Newsletter (Jay)
For 7th time this year, tiny US listing by a co based in China/HK is seeing a wild price surge after IPO

Hong Kong’s $MEGL Magic Empire Global was halted for volatility after surging 4,000% above its IPO price in its debut session Friday. $HKD has been up 32,000% at one point. https://t.co/Mdsuz9RYNb
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Morning Brew ☕️
DJ Roomba powered by Alexa https://t.co/gUqkiwlDLT
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Jerry Neumann
Sort of embarrassing when I respond to an email pitch saying I don't believe the thesis, they reply with proof of the thesis, and I have to say " Then you're already too late-stage for me."
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