MastersInvest.com
“If you want to get smart, the question you’ve got to keep asking is: Why? Why? Why? Why?” Charlie Munger
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MastersInvest.com
"The worst thing that could happen with this company today is if we start playing a quarterly game." https://t.co/BEYFUBIgKg
$RH long term investments and margins vs. home furnishing peers https://t.co/XXEEzCfS4w - Sleepwell 🛌
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Special Situations 🌐 Newsletter (Jay Singh III)
BofA's $SPY earnings expectations for 2Q have "come down more than avg cut of 4% in last 3 months, but excluding Energy cut has been deeper at 5%."

Why? Falling guidance ratio, ailing corp sentiment, slowing signs in consumption & industrial activity, negative economic surprises
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Special Situations 🌐 Newsletter (Jay Singh III)
KeyBanc analyst John Vinh lowered the firm's estimates on chipmakers Nvidia $NVDA and Advanced Micro Devices $AMD in a research note Tuesday.

The analyst reduced forecasts after its quarterly supply chain findings were mixed, but "mostly negative."
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Steven Kiel
RT @JamesMelville: This is such a fabulous photo. Reflections of Paris and the Eiffel Tower. I’m trying to find the source of this photo. Can anyone help? https://t.co/dPKdmtHJZv
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Special Situations 🌐 Newsletter (Jay Singh III)
1/ Just spent a couple hours reading and rereading $TWTR's lawsuit Verified Complaint with the Chancery Court of Delaware. Plaintiff summary below:

"Musk refuses to honor his obligations to $TWTR and SH because the deal he signed no longer serves his personal interests."
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Steven Kiel
RT @abroninvestor: This is an exceptional read. Wish I could draft like this! (and you don't have to agree with it all, but I'm tempted) No current $TWTR position, but obvious why the stock jumped 4%+ overnight (see @puppyeh1 comments past few days) https://t.co/8PU2nP6D3g
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Offshore
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Rolf Degen
"Those who are more moral in the eyes of close others generally experience a greater sense of subjective well-being and meaning in life." https://t.co/TzutOlMulI https://t.co/ijYPxsyQhW
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Bread Crumbs Research
👇 https://t.co/6Vg6vZYhGE
What if the bullwhip effect applies to rates as well; what if we should expect it in monetary policy and the economy..

🤔🤔🤔

Probability on some mini cycles being the default if the grand masters don't just force us down one path?
- John T. Bresnahan
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Special Situations 🌐 Newsletter (Jay Singh III)
$TWTR / Musk Lawsuit Threat, Part 2

26/ Twitter negotiated right to hire & fire employees at all levels, w/o Musk’s consent. Musk’s initial draft of would have deemed hiring & firing of employee at VP level or above a violation, but Twitter struck that provision before signing.
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Frank Taber
$BABA was fined $373,000 for subsidiaries not reporting deals.

The market response was a ~8% decline in the share price. A $24 Billion reduction in market value, from just $373,000 of fines.

Meanwhile $GME is up 10%+ on news of a stock split.

Efficient markets though right?
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Offshore
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Special Situations 🌐 Newsletter (Jay Singh III)
$TWTR gave Musk access to all the data he needed on SPAM accounts, and Musk still cancelled. Details from Delaware complaint part 3

51/ After Musk hit a cap of 100k queries on firehose access that $TWTR gave his team, Twitter increased this access to 10 million queries per month https://t.co/FK588hPhdO
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Special Situations 🌐 Newsletter (Jay Singh III)
Yesterday it was $MSFT layoff off people, and now $GOOGL releases this letter!

ALPHABET CEO, IN LETTER DATED JULY 12, SAYS "LIKE ALL COMPANIES, WE’RE NOT IMMUNE TO ECONOMIC HEADWINDS"

IN SOME CASES PAUSING DEVELOPMENT AND RE-DEPLOYING RESOURCES TO HIGHER PRIORITY AREAS
$GOOGL
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Special Situations 🌐 Newsletter (Jay Singh III)
$SAVE SPIRIT AIRLINES TO POSTPONE MEETING OF SHAREHOLDERS TO JULY 27
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Santangel's Review
“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people." - Jeff Bezos
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