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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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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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Offshore
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Morning Brew ☕️
How should you operate when nobody — even your coworkers — knows what your job is? https://t.co/zx0EvbcVX7
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Offshore
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Morning Brew ☕️
Yesterday, the D.O.J offered a prisoner exchange with Russia: convicted arms dealer Viktor Bout for WNBA player Brittney Griner and fellow American Paul Whelan.

The move runs counter to department precedent, but comes after months of public pressure to bring Griner home. https://t.co/WjBZwl41Ea
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Morning Brew ☕️
Absolutely can't wait 😍 😍 https://t.co/8GpQNsR7sT
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Santangel's Review
“The wise investor recognizes that success is a process of continually seeking answers to new questions.” - Sir John Templeton
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Offshore
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Morning Brew ☕️
With bipartisan support, the Senate approved a $280B bill that will incentivize more domestic production of semiconductors.

If passed by the House, it will represent the most significant government investment in American industrial policy in decades. https://t.co/jDbKe8Jt3m
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