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Librarian Capital
Ruffer Total Return fund gained 1.9% in Jul
Now +1.5% 2024 YTD, +0.3% p.a. L3Y (£)
JPY gain was offset by "a headwind from its derivative protections as equity markets largely remained stable despite the movements under the surface"
Being a perma-bear is expensive, for clients https://t.co/7SxjehrASZ
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Ruffer Total Return fund gained 1.9% in Jul
Now +1.5% 2024 YTD, +0.3% p.a. L3Y (£)
JPY gain was offset by "a headwind from its derivative protections as equity markets largely remained stable despite the movements under the surface"
Being a perma-bear is expensive, for clients https://t.co/7SxjehrASZ
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Librarian Capital
RT @sarafischer: Independent journalist era takes off
— Substack on track to more than double its politics & news subscribers in 2024
— # of Substack journalists in news & politics making more than $1M has doubled over the past year - now in "double digits"
https://t.co/5cv9stWeRf
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RT @sarafischer: Independent journalist era takes off
— Substack on track to more than double its politics & news subscribers in 2024
— # of Substack journalists in news & politics making more than $1M has doubled over the past year - now in "double digits"
https://t.co/5cv9stWeRf
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Hidden Value Gems
RT @HiddenValueGems: Focus beats almost any budget even in the streaming business:
“Apple has spent more than $20 billion to produce original TV shows and movies. However, Apple TV+ generates less viewing in one month than Netflix does in one day.”
$NFLX https://t.co/UcUzpPZCc1
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RT @HiddenValueGems: Focus beats almost any budget even in the streaming business:
“Apple has spent more than $20 billion to produce original TV shows and movies. However, Apple TV+ generates less viewing in one month than Netflix does in one day.”
$NFLX https://t.co/UcUzpPZCc1
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Librarian Capital
"BofA Tells Bankers to Report Bosses Who Pressure Them to Underreport Hours" (WSJ)
Reminder: the 2021 revolt among GS IBD analysts (with the slide deck) was led by an analyst* whose father just happened to be a vice chairman at TPG
The analyst is now in PE (at Leonard Green) https://t.co/mFi4tceKkc
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"BofA Tells Bankers to Report Bosses Who Pressure Them to Underreport Hours" (WSJ)
Reminder: the 2021 revolt among GS IBD analysts (with the slide deck) was led by an analyst* whose father just happened to be a vice chairman at TPG
The analyst is now in PE (at Leonard Green) https://t.co/mFi4tceKkc
Bank of America Tells Bankers to Report Bosses Who Pressure Them to Underreport Hours https://t.co/Y71nVOnix9 tweet
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Hidden Value Gems
RT @HiddenValueGems: Look for companies with low share-based compensation (as percentage of sales), buyback helps too.
Interesting findings by @mjmauboussin https://t.co/MNwhj49LM9
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RT @HiddenValueGems: Look for companies with low share-based compensation (as percentage of sales), buyback helps too.
Interesting findings by @mjmauboussin https://t.co/MNwhj49LM9
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Librarian Capital
Mike Mayo (Wells Fargo) "US banks erased $150 billion of unrealized losses since the start of the third quarter and have shrunk them by nearly half since 2022"
We told you early on that these don't matter
cc: $BAC $JPM https://t.co/ULdJVAxcEq
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Mike Mayo (Wells Fargo) "US banks erased $150 billion of unrealized losses since the start of the third quarter and have shrunk them by nearly half since 2022"
We told you early on that these don't matter
cc: $BAC $JPM https://t.co/ULdJVAxcEq
US banks erased $150 billion of unrealized losses since the start of the third quarter and have shrunk them by nearly half since 2022, according to Wells Fargo analyst Mike Mayo https://t.co/dMFdx6jXbC tweet
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Stock Analysis Compilation
Rogue Funds on Achieve Life Sciences $ACHV US
Thesis: Achieve Life Sciences, with its superior nicotine cessation drug, presents a high-upside, short-term investment opportunity due to its undervaluation and buyout potential
(Extract from their Q2 letter) https://t.co/O8Hhh2KXsn
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Rogue Funds on Achieve Life Sciences $ACHV US
Thesis: Achieve Life Sciences, with its superior nicotine cessation drug, presents a high-upside, short-term investment opportunity due to its undervaluation and buyout potential
(Extract from their Q2 letter) https://t.co/O8Hhh2KXsn
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Hidden Value Gems
RT @HiddenValueGems: How to learn to analyse the business - a tip from Li Lu 👇🏼
Quote of the day #63 https://t.co/BCoIBI572n
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RT @HiddenValueGems: How to learn to analyse the business - a tip from Li Lu 👇🏼
Quote of the day #63 https://t.co/BCoIBI572n
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App Economy Insights
$NU Nu Holdings Q2 FY24.
• Customers +25% Y/Y to 105M.
• Purchase volume +29% Y/Y FXN to $31B.
• Deposits +64% Y/Y FXN to $25B.
• ARPAC +30% Y/Y FXN to $11.2.
• Revenue +52% Y/Y to $2.8B ($10M miss).
• Net income $487M. https://t.co/BrIwkI33ba
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$NU Nu Holdings Q2 FY24.
• Customers +25% Y/Y to 105M.
• Purchase volume +29% Y/Y FXN to $31B.
• Deposits +64% Y/Y FXN to $25B.
• ARPAC +30% Y/Y FXN to $11.2.
• Revenue +52% Y/Y to $2.8B ($10M miss).
• Net income $487M. https://t.co/BrIwkI33ba
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