⁠Hidden Value Gems
RT @HiddenValueGems: A couple of interesting data points:

1️⃣ Amazon’s AWS revenue over the last 12 months ($99 billion) was higher than the revenue of 468 companies in the S&P 500.

2️⃣ Apple has bought back $646 billion in stock over the past 10 years, which is greater than the market cap of 491 companies in the S&P 500.

h/t @charliebilello

$AMZN $AAPL
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⁠Librarian Capital
How smart is Twitter's Grok AI?

If you ask these questions in order:
"How many times have Elon Musk lied about Tesla?"
"How many times have Donald Trump lied about his record?"

Grok will blame Trump for the $TSLA "funding secured" claim https://t.co/ODogToUUkz
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⁠Librarian Capital
"Apple to open up tap-to-pay technology to other developers" (FT)

"Developers will have to enter into a commercial agreement with Apple ... and pay “associated fees""

US, UK, Australia, Brazil, Canada, Japan and New Zealand (EU already part of Jul-24 deal)

$AAPL $PYPL

Apple to open up tap-to-pay technology to other developers https://t.co/eFTMMjmjZL - Financial Times
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⁠Hidden Value Gems
RT @HiddenValueGems: Quote of the day #64

#Success #Perseverance https://t.co/Zkzd75nrYR
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⁠Quiver Quantitative
Last month, a bill that would ban congressional stock trading was advanced in the Senate.

Since then, we have caught 9 different members of Congress violating the STOCK Act.

I believe that this sets a record for the most politicians breaking the law in a month. https://t.co/sg2ZTZw4AA
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⁠Librarian Capital
"Former Chief Risk & Compliance Officer at Credit Suisse has joined Starling's Industry & Regulatory Advisory Board" (Linkedin)

In finance, brand name / credentialsing is more important than real track record?

Lehman's Chief Risk Officer in 2002-7 became World Bank's Treasurer

Finance is the land of second chances.

This was on LinkedIn today:

Stephen J. Scott Founder & CEO, Starling

I was delighted to announce this morning that Lara Warner, former Chief Risk & Compliance Officer at Credit Suisse, has joined Starling's Industry & Regulatory Advisory Board.

“I am excited to join Starling because they are working to address pervasive and unsolved risk challenges in a smart and novel way,” Lara said in connection with this morning's announcement. “The most significant losses firms face today typically stem from so-called ‘non-financial risks.’ But while we have robust metrics to guide us in managing the whole gamut of financial risks — credit risk, counter-party risk, etc. — when it comes to risks that flow from organizational culture, and the conduct that it permits or promotes, we’re still relying on ‘management intuition’ or blunt instruments better suited to the pre-digital era,” Lara added.

“Experience teaches me that, at the end of the day, non-financial risks are in fact financial risks, and Starling is advancing non-financial risk governance to meet the demands of today’s C-suite executives, boards, shareholders, and regulators,” she added. “The bank failures of 2023 make plain just how important this work is — for the industry and its overseers alike.”

I can’t overstate how grateful I am to have Lara’s guidance as we develop quantitative tools and data-driven methods to help leaders navigate some of the most persistent qualitative challenges in risk governance and supervision.

It’s hard to imagine someone better placed to help steer us as we develop practical solutions to real-world problems. Given the experience of Spring 2023, Lara knows better than most how – and why – our current risk governance toolset is failing the industry. Who better to help craft a new approach that’s fit-for-purpose? - John_Hempton
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⁠Dimitry Nakhla | Babylon Capital®
Michael Burry’s updated Q2 2024 13F (Dataroma)

Top 5 holdings: $BABA $FOUR $MOH $BIDU & $JD

#stocks #investing https://t.co/hWfZDYKz9r
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⁠Librarian Capital
How important is Android to $GOOG?

In financial terms, $AAPL Safari default payments imply ad revenues there were ~$56bn in 2022, ~1/3 of Search or ~1/4 of Google Ad

iOS users are fewer but richer, so Android likely similar order of magnitude

Value of data is harder to guess

Alphabet $GOOG paid $20bn to Apple $AAPL in 2022 to be default search on Safari in 36% revenue share

This implies GOOG ad revenues on Safari was $56bn, which compares with revenues of:

Google Advertising: $224bn
o/w Search & Other: $162bn
(YouTube was $29bn; Network was $33bn) https://t.co/XMRSKX9EwN - Librarian Capital
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⁠Quiver Quantitative
🚨 Michael Burry just filed a portfolio update.

One move stood out to me:

Burry bought stock in a tiny biotech company called Bioatla, $BCAB.

The company is developing therapeutics for the treatment of solid tumor cancers.

Full list of moves is up on Quiver. https://t.co/NB6rymcFDy
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⁠Stock Analysis Compilation
Matrix Asset Advisors on Lowe’s $LOW US

Thesis: Lowe’s is attractively valued, with a strong market position and a history of growth, making it a solid investment in the home improvement sector

(Extract from their Q2 letter) https://t.co/CJ9ixMO1O2
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