⁠Alex Bilzerian
RT @alexbilz: Negative energies and probabilities should not be considered as nonsense. They are well-defined concepts mathematically, like a negative of money (referring to debt).

— Wigner
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⁠Librarian Capital
Gregg $GRG 24Q3 update

LfL sales +5.0% Q3, +6.5% YTD
Total sales +10.6% Q3, 12.7% YTD
86 net new shops
FY cost inflation to be "lower end" of 4-5% guided
"Full year outlook unchanged"

Shares -4%, now 24x 2023 EPS (123.8p) https://t.co/96F4FOiwXi
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⁠Hidden Value Gems
Interesting results, thank you for voting! 👍

What is your take on China's market?
- A short-term rally
- 1+ year long recovery
- Don't know,still learning
- China is 'uninvestable' - Hidden Value Gems
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⁠Hidden Value Gems
Quote of the day #98
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⁠Librarian Capital
"Signs of China’s troubles around Hainan’s white beaches" (FT)

"The island is scattered with unfinished construction projects ... Most dramatic is Ocean Flower Island ... Evergrande once envisaged it would require $22bn of investment ... much of the project has been abandoned"

Signs of China’s troubles around Hainan’s white beaches - @EleanorOlcott column on an scattered with unfinished projects - inc the extraordinary Ocean Flower Island - conceived of at a time when the country’s growth appeared unassailable https://t.co/IZdUDl2U3K - Tony Tassell
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⁠Librarian Capital
"Campari $CPR trying a ‘deseasonalization’ strategy to expand the calendar for Aperol" (WSJ)

"Plans to host a concert series in the Alps during the coming ski season and to boost marketing spending across bars in ski resorts ... (and) partnerships with events such as Coachella

The Aperol spritz has conquered the summer. Can it own the winter too? https://t.co/TLnsngcPqv https://t.co/TLnsngcPqv - The Wall Street Journal
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⁠Alex Bilzerian
RT @alexbilz: 'General Topology: Chapters 1–4' - Nicolas Bourbaki (1995, PDF): https://t.co/9yzj7OgvRX https://t.co/82ytYgYoF9
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⁠Stock Analysis Compilation
Artisan Partners on Airbus $AIR FP

Thesis: Airbus, with its leading market share and strong A320 platform, is poised to continue taking market share in the global aerospace duopoly, offering value at a mid-teens P/E

(Extract from their Q2 letter) https://t.co/oJaV8lNXNG
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⁠Alex Bilzerian
Economists go wild over overlooked citations in preprint on prenatal stress https://t.co/YAFQHRQdet
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⁠Librarian Capital
Spirits: Top 20 Ready-to-Drink brands globally in 2023

White Claw is #1 and more than 2x volume of #2
However, it shrunk and lost share in 2023

Most of the 20 are owned by Spirits incumbents
Suntory and Brown-Forman $BF.B over-represented

cc $DGE
(Source: The Spirits Business) https://t.co/VjJv1tS6i2
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⁠Alex Bilzerian
RT @mhartl: @alexbilz This reminds me of Bertrand Russell’s decision not to commit suicide because he wanted to learn more mathematics. https://t.co/wYAC2wg4c7 https://t.co/m7old4AvRj
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