Special Situations 🌐 Research Newsletter (Jay)
So long yen, nice knowing ya!

*BOJ MAINTAINS POLICY BALANCE RATE AT -0.1%
*BOJ MAINTAINS 10-YEAR JGB YIELD TGT AT ABOUT 0%
*BOJ SEES FY2022 CORE CPI AT 2.3% VS 1.9% PREVIOUSLY
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Tren Griffin
Some of these are not like the others. https://t.co/GOsUPYWvJt
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Ethan Mollick
Lone geniuses inventors are mostly myth. An analysis of 500k patents shows ideas developed by teams in organizations are 2.1x more likely to be breakthroughs than those by lone individuals... but solo inventors can actually outperform groups when a product is tightly integrated. https://t.co/5w22lcDK7v
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Tren Griffin
The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.82% from 5.74%, with points increasing to 0.65 for loans with a 20% down payment. That rate was 3.11% the same week one year ago. https://t.co/Axo5jXSJ8d
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Ethan Mollick
Start your meetings on time! This paper finds that meetings which start late don't just annoy participants, they are also much less productive and creative.

And making a habit of lateness hurts. Just the anticipation of a late meeting has similar effects https://t.co/W7SqLU0BJC https://t.co/AlIKzxpmZr
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Durable Investments
It's interesting that $NFLX or Nielson decided to not show YouTube's share of US TV viewing in this statistic.

Also $DIS properties cumulatively are a close second. https://t.co/IFXQzFPNnT
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Tren Griffin
"340 tonnes of greenhouse gases produced per tonne of edible beef, compared with just 11 tonnes of emissions per tonne of bivalve protein." https://t.co/3MO2Rswidu

Also delicious!
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Tren Griffin
Where is this waterfall? https://t.co/X0veBhzUf2
"Shellfish shells are less likely to form in an acidic environment, which compromises the future of this valuable high-protein, low-fat food source."

On a recent Saturday I gathered naturally seeded clams on a beach near this waterfall. Scenery was pretty good. https://t.co/vMnr6zS9af - Tren Griffin
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