Offshore
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The Kobeissi Letter
Shocking stat of the day:
The share of subprime car borrowers at least 60 days past due on their loans hit 6.6% in January, the highest in at least 30 years.
This percentage has DOUBLED over the last 3.5 years.
Levels now exceed levels seen in 2020, 2008, and the previous peak recorded in 1996.
Transitions into serious delinquency of 90+ days among all borrowers hit 3.0% in Q4 2024, the highest since 2010.
Americans are falling behind on debt payments like we are in a recession.
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Shocking stat of the day:
The share of subprime car borrowers at least 60 days past due on their loans hit 6.6% in January, the highest in at least 30 years.
This percentage has DOUBLED over the last 3.5 years.
Levels now exceed levels seen in 2020, 2008, and the previous peak recorded in 1996.
Transitions into serious delinquency of 90+ days among all borrowers hit 3.0% in Q4 2024, the highest since 2010.
Americans are falling behind on debt payments like we are in a recession.
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Offshore
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Finding Compounders
David Einhorn’s Speech at the Value Investing Congress in 2006.
He goes into and explains how to look at ROE( Return on Equity) https://t.co/u7pauxaDvK
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David Einhorn’s Speech at the Value Investing Congress in 2006.
He goes into and explains how to look at ROE( Return on Equity) https://t.co/u7pauxaDvK
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Offshore
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Stock Analysis Compilation
Diamond Hill Mid Cap Fund on LPL Financial $LPLA US
Thesis: LPL Financial is well-positioned for double-digit revenue and earnings growth despite concerns over cash flows and regulatory scrutiny, making it an attractive investment opportunity due to its low valuation.
(Extract from their Q4 letter)
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Diamond Hill Mid Cap Fund on LPL Financial $LPLA US
Thesis: LPL Financial is well-positioned for double-digit revenue and earnings growth despite concerns over cash flows and regulatory scrutiny, making it an attractive investment opportunity due to its low valuation.
(Extract from their Q4 letter)
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Offshore
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The All-In Podcast
David Sacks Explains the Strategic Bitcoin Reserve + US Digital Asset Stockpile in 90 Seconds
On E218, @DavidSacks joined @Jason to break down the latest EO on crypto:
Strategic Bitcoin Reserve
-- Purpose: long-term preservation
-- "Like a digital Fort Knox for digital gold."
-- Prohibited from selling the bitcoin
-- US govt has an estimated 200K bitcoin
-- It had ~400K at one point, but sold roughly half for ~$360M (would be worth $17B+ today)
-- Treasury and Commerce Secretaries can propose budget-neutral strategies to accumulate more bitcoin
-- EO requires a full audit of all government-owned bitcoin
US Digital Asset Stockpile
-- Purpose: responsible stewardship
-- Centralized account under the direction of the Treasury Secretary
-- Treasury Sec. has discretion to rebalance or change the portfolio if it's in the long-term interest of the US
-- EO requires a full audit of all government-owned digital assets
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David Sacks Explains the Strategic Bitcoin Reserve + US Digital Asset Stockpile in 90 Seconds
On E218, @DavidSacks joined @Jason to break down the latest EO on crypto:
Strategic Bitcoin Reserve
-- Purpose: long-term preservation
-- "Like a digital Fort Knox for digital gold."
-- Prohibited from selling the bitcoin
-- US govt has an estimated 200K bitcoin
-- It had ~400K at one point, but sold roughly half for ~$360M (would be worth $17B+ today)
-- Treasury and Commerce Secretaries can propose budget-neutral strategies to accumulate more bitcoin
-- EO requires a full audit of all government-owned bitcoin
US Digital Asset Stockpile
-- Purpose: responsible stewardship
-- Centralized account under the direction of the Treasury Secretary
-- Treasury Sec. has discretion to rebalance or change the portfolio if it's in the long-term interest of the US
-- EO requires a full audit of all government-owned digital assets
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Offshore
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App Economy Insights
RT @EconomyApp: 🦅 CrowdStrike bounced back from its IT outage.
📈 ARR +23% to $4.24B
🤝 350 deals over $1M in Q4
💰 Multi-module adoption keeps rising
🔮 Growth set to re-accelerate in late 2025
Let’s review $CRWD 👇
https://t.co/5yqJUulN43
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RT @EconomyApp: 🦅 CrowdStrike bounced back from its IT outage.
📈 ARR +23% to $4.24B
🤝 350 deals over $1M in Q4
💰 Multi-module adoption keeps rising
🔮 Growth set to re-accelerate in late 2025
Let’s review $CRWD 👇
https://t.co/5yqJUulN43
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Offshore
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Alvin
I was in the middle of capturing my vivo V50 product photos when my cat distracted me by meowing and being so cute. https://t.co/IEw0d5O99A
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I was in the middle of capturing my vivo V50 product photos when my cat distracted me by meowing and being so cute. https://t.co/IEw0d5O99A
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