Offshore
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Ethan Mollick
With few exceptions, you should NEVER start generating new ideas in a group - always start with people writing ideas alone and only then move to a group setting. (We've known starting with groups is worse for 50 years, but people still keep doing it since it feels more creative) https://t.co/MzKUwVCmGj
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FXHedge
US GDP IN 2Q -0.9%

US GDP IN 1Q REVISED TO -1.6%
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Offshore
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Compounding Capital
Just posted my weekly newsletter. I focus on $WCN's unique incentive structure.

It's inspired by Charlie Munger's brilliant quote:

"The basic rule of incentives is you get what you pay for, so if you have a dumb incentive system you get dumb outcomes."

https://t.co/dwtFkEJhKg
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Alex Brogan
RT @thealexbanks: The total value of Y Combinator companies is over $250 billion.

Including Airbnb, Stripe and Coinbase.

Here are the 10 best resources from their startup library:
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Offshore
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Morning Brew ☕️
After a months-long pursuit, JetBlue announced the acquisition of Spirit Airlines for $3.8B.

The news comes just a day after Spirit's merger with Frontier fell through and sees Spirit & JetBlue team up to form the 5th largest airline in the U.S. https://t.co/qkwGUhCGpM
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Santangel's Review
Many of the mistakes I have made are the same ones that I had made before; they just look a little different each time—the same mistakes slightly disguised.” –Joel Greenblatt
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Alex Brogan
RT @dickiebush: I studied the writing routine of 500 legendary writers.

Turns out, great writing is simple—if you do these 6 things every day:
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FXHedge
WARREN: THE FED'S AGRESSIVE INTEREST-RATE HIKES RISK PUSHING THE U.S. ECONOMY INTO RECESSION AND THE EVIDENCE IS IN THE DATA
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Offshore
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Morning Brew ☕️
Fifty-Eight.

That's the number of reported attacks by a horde of monkeys terrorizing residents in Yamaguchi, Japan.

The city has even hired a hit squad, which yesterday killed one monkey that was believed to be a perpetrator of many attacks. https://t.co/a8N2R4tMoH
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Offshore
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Compounding Capital
I first met Ron and Worthing as a junior banker. We pitched them a blizzard of acquisition ideas that were barely researched.

They drove to the meeting themselves, no car service.

And they ignored literally everything we told them.

Immediately had tremendous respect for them. https://t.co/yzy95nHvik
Good article on $WCN by @CompoundingCap1. A quick aside, the first time I met their now CEO, Worthing, he discussed how the bonus depreciation in the 2018 Tax Act even applied to assets placed in service through an acquisition. This guy gets it.

https://t.co/94I5a0YuqI
- 3:10 Value
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