Special Situations 🌐 Research Newsletter (Jay)
1/ The new 1% levy on stock buybacks in the US Senate’s tax and climate package isn’t slated to go into effect until 2023, which means that there could be a flurry of repurchases before the end of this year.
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Jim OShaughnessy
“I am going to tell you a secret. Everything is about wanting. Everything. Things happen because of people wanting. Watch closely, and you’ll see what I mean.”
~@david_mitchell, "Ghostwritten"

https://t.co/JxDdbU1lQ1
Author Howard Bloom thesis is that in order to improve markets, we need to understand that emotions drive them:

"Desire is the force behind every exchange, behind every bit of commerce between you and me. Behind every exchange of money. And behind every exchange of information" https://t.co/eaG9BJCr9y - Jim OShaughnessy
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MastersInvest.com
RV Capital Q2 Letter..

High-Level Questions: How Am I Dealing with Drawdown? Over-exposed to long-duration cash flows? Impact of Inflation? Over-Exposed to “Tech”? the War in Ukraine? China Investable? How are our Co’s Faring?

CACC PRX FB CRM ALIF CVNA

https://t.co/KXjXPUPVSg
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Jim OShaughnessy
RT @SteveStuWill: My favorite orangutan anecdote, from my book The Ape That Understood the Universe https://t.co/8BTinORo9p https://t.co/jjx1f2H9mC
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Meb Faber
No one read this of course. Especially our politicians. https://t.co/aikAh8h3gI
Politicians, let's say you really care about solving the stock buyback issue.

Here's how you do it.

First, understand being a public company founder or CEO is hard.

It's really, really, really hard.

(Background Reading)

https://t.co/ba7fI94OBU - Meb Faber
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Frederik Gieschen
Me after removing a laptop key that isn't working, having watched exactly one video that made it look so simple https://t.co/Qap0QVw8ic
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Tren Griffin
1/ Latency to GEO orbit is a speed of light issue. It's physics.

"Biggest threat right now clearly, is Starlink. We are losing some subscribers to Starlink and we have been working hard to try to come up with solutions to compete on this latency issue.” https://t.co/vyJOjn540P
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Special Situations 🌐 Research Newsletter (Jay)
1/ *US SENATE PASSES TAX, CLIMATE DEAL TO REVIVE BIDEN AGENDA

Includes:
-$370B for climate change, largest investment in clean energy and emissions cuts Senate has ever passed.
-Allows the federal health secretary to negotiate the prices of certain expensive drugs for Medicare
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Johnathan Bi
This correspondence from Russell to Wittgenstein about his time in China before modernization (1920s) makes me sad:

"They are very kind and nice to me – All the nations set upon them and say they mustn’t be allowed to enjoy life in their own way ...
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Frederik Gieschen
"Venture is unbundling at the very time that rates are rising and the world is entering a recession. The last time there was stagflation, Arthur Rock and Thomas Davis were starting Davis & Rock, Apple was mostly a dream, and lava lamps were having their heyday."
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Tren Griffin
The PE industry and their lobbyists are dancing to in the Hamptons celebrating the swap of the carried interest tax for a tax on efficient capital allocation. Where were the lobbyists for efficient capital allocation?

Ordinary citizens forage for berries in forest woodlands. https://t.co/dkpM2RTOdV
2/ In an efficient economic system, you want capital to flow from industries and companies where there is less promise to create value to those industries and companies where there is more promise. Returning capital to shareholders is a means to achieve this. - Michael Mauboussin
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Special Situations 🌐 Research Newsletter (Jay)
Senate bill impact on GDP (estimate) https://t.co/nF6Srznpde
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