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Special Situations 🌐 Research Newsletter (Jay)
Senators are advancing a $52 billion revised computer chips bill. Many don't know what's in it yet.
Semiconductor stocks could rally tmrw $INTC $NVDA $AMD https://t.co/4QBHxhh6ci via @nbcnews
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Special Situations 🌐 Research Newsletter (Jay)
Low probability of nuclear deal with Iran in the near term. Russia will be using Iran to exchange oil in the north for consumption, so that Iran can then export more of its own oil to mutual customers in an "oil exchange" to help Russia through EU embargo

https://t.co/SFtHBg6qhN
Russian President Vladimir Putin met Iranian Supreme Leader Ayatollah Ali Khamenei and Turkish President Tayyip Erdogan in Tehran, stressing closer ties in the face of Western pressure over the war in Ukraine https://t.co/iLgjAhmRN3 https://t.co/ayQmKKkrm7 - Reuters
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MastersInvest.com
“Declining stock prices can ultimately cause people to panic & sell. But the moment they join the panic & sell they also relieve the cause of their fears & become potential buyers. The act of selling removes the anxiety, restores equanimity & gives them the cash to buy” Leon Levy
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MastersInvest.com
RT @CharlieMunger00: "Most people get interested when everyone else is. The time to be interested is when no one else is. You can't buy what is popular and do well"

--- Warren Buffett 🎯 via @mastersinvest https://t.co/l58vaFvztJ
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MastersInvest.com
"Even though bad things happen to companies, industries, even the economy as a whole for a time, somehow society as a whole still moves forward. Problems usually get solved. Recessions end. Somehow the country stumbles on and companies continue to make a profit" Ralph Wanger
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Ethan Mollick
DNA sequencers are vulnerable to DNA-based hacks. Some theoretical attacks that have been studied:
🧬A computer virus encoded with just ACTG letters in a strand of DNA can take over a sequencer
🧬A Trojan attack, where malware dormant in the sequencer is activated by a DNA code https://t.co/WxjqdbEIY9
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Special Situations 🌐 Research Newsletter (Jay)
WARNINGS UPON WARNINGS: CHINA WARNS US NOT TO PROVOKE OVER THE TRANSIT OF THE TAIWAN STRAIT.
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Special Situations 🌐 Research Newsletter (Jay)
Holdings of the Ark transparency ETF below, which will be liquidating thx @WagieCagie. $CTRU was a small, unprofitable $12mn fund. Would be much more interesting if one of the larger funds closed $ARKK $ARKG $ARKF
https://t.co/yLSOjwhXtc
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Special Situations 🌐 Research Newsletter (Jay)
Gregg Smith clicked his computer mouse so rapidly to place & cancel bogus gold & silver orders for Bear Stearns Cos. & later $JPM that his colleagues would joke that he needed to put ice on his fingers to cool them down afterward, or that he must be double-jointed.

True story.
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Jim OShaughnessy
Author Michael Pollan predicts psychedelics will become more integrated in our society: “There will be a medical industry providing psychedelic therapy” https://t.co/NECthyPbLa via @WSJ
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Special Situations 🌐 Research Newsletter (Jay)
Commodities companies cutting production to keep prices from falling...latest is $VALE:
World’s No. 2 iron ore supplier, lowered its annual production guidance to produce 310-320 million metric tons of iron ore in 2022, compared with a previous forecast of 320-335 million tons.
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Special Situations 🌐 Research Newsletter (Jay)
To keep its capital from going negative on its balance sheet, the Fed may include a deferred tax asset to offset losses. Comical! https://t.co/DlGx3nJ807
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Special Situations 🌐 Research Newsletter (Jay)
Graph of what illustrative deferred tax asset on the Fed's balance sheet could look like to offset losses from QT...

They could do this to avoid the Fed's BS capital to avoid going theoretically negative...

https://t.co/esy0aozhrl https://t.co/O1VbSSP4GI
To keep its capital from going negative on its balance sheet, the Fed may include a deferred tax asset to offset losses. Comical! https://t.co/DlGx3nJ807 - Special Situations 🌐 Research Newsletter (Jay)
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Ethan Mollick
Interesting study shows that science journalists fixate on sample size (as opposed to p-value or sample representativeness) when evaluating the quality & importance of psychology studies

Though journalists might chose to ignore this as n=181 (but p<.001,
We found that sample size was the only factor with a robust effect on journalists' perceptions of trustworthiness and newsworthiness. We had high precision, so we can rule out meaningful effects of the other 3 variables, at least under these conditions. 3/8 https://t.co/vERZ6wAn9Z - Julia Bottesini
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