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Morning Brew ☕️
when is it my turn to be "excited to announce" something??
(ft. @pashagrozdov) https://t.co/dKaRSQ0c2i
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when is it my turn to be "excited to announce" something??
(ft. @pashagrozdov) https://t.co/dKaRSQ0c2i
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Special Situations 🌐 Research Newsletter (Jay)
$SG Sweetgreen Plunges 21% After Cutting Annual Revenue Forecast
-Overvalued salad cos don't do well in a recession
-Sees rev $480mn-$500mn, saw $515mn to $535mn, est $529.8mn
-Sees same store sales growth +13% to +19%, saw +20% to +26
-Loss per share 36c, estimate loss/shr 30c
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$SG Sweetgreen Plunges 21% After Cutting Annual Revenue Forecast
-Overvalued salad cos don't do well in a recession
-Sees rev $480mn-$500mn, saw $515mn to $535mn, est $529.8mn
-Sees same store sales growth +13% to +19%, saw +20% to +26
-Loss per share 36c, estimate loss/shr 30c
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Special Situations 🌐 Research Newsletter (Jay)
Nextdoor $KIND told shareholders that its advertisers are tightening budgets, “a reflection of rising macro uncertainty, inflation & labor shortages,” according to its SH letter. Real estate, retail and fast-food are among the sectors pulling back advertising spending, it added.
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Nextdoor $KIND told shareholders that its advertisers are tightening budgets, “a reflection of rising macro uncertainty, inflation & labor shortages,” according to its SH letter. Real estate, retail and fast-food are among the sectors pulling back advertising spending, it added.
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Morning Brew ☕️
When you randomly open your untouched Venmo account and see you were gifted $15 https://t.co/n8jiWocO8t
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When you randomly open your untouched Venmo account and see you were gifted $15 https://t.co/n8jiWocO8t
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Tren Griffin
Was this software the first application bundle offered by Microsoft? https://t.co/r3adaRfLRv
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Was this software the first application bundle offered by Microsoft? https://t.co/r3adaRfLRv
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Meb Faber
cc all my PE and VC friends.
https://t.co/nh7C5HbZhY
half VC and half trend would be a real baller portfolio. anybody on the planet do that? (no).
a few do half equity and half trend...we do half trend and half global asset allocation... https://t.co/DKYXAlDZJx
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cc all my PE and VC friends.
https://t.co/nh7C5HbZhY
half VC and half trend would be a real baller portfolio. anybody on the planet do that? (no).
a few do half equity and half trend...we do half trend and half global asset allocation... https://t.co/DKYXAlDZJx
Talked about this a lot over the years...despite being nearly identical in theory, and nearly opposite in correlation and returns, I don't know any PE/VC guys that are big on trend following...
via @AQRCapital "Trend-Following and Private Equity: Natural Complements?" https://t.co/A9za3rTESt - Meb Fabertweet
Aqr
New Rules of Diversification
During the first half of 2022, equity markets tumbled around 20% from their peak, with losses on typical stock/ bond portfolios almost as large. More worryingly, this type of downturn may be unfamiliar to many younger investors: with inflation still high…
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Meb Faber
"While the relationship is not perfect, historically value has tended to win in inflationary regimes, and win or lose in disinflationary regimes. " Rob Arnott https://t.co/IrNLzDYoSs
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"While the relationship is not perfect, historically value has tended to win in inflationary regimes, and win or lose in disinflationary regimes. " Rob Arnott https://t.co/IrNLzDYoSs
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Ethan Mollick
Sports lesson from COVID: the home field advantage comes from the home crowd intimidating the referees.
When COVID led to soccer matches in closed arenas, it didn't change player performance but it eliminated "one-third of a yellow card for away teams relative to the home team." https://t.co/0Rbmufg3SU
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Sports lesson from COVID: the home field advantage comes from the home crowd intimidating the referees.
When COVID led to soccer matches in closed arenas, it didn't change player performance but it eliminated "one-third of a yellow card for away teams relative to the home team." https://t.co/0Rbmufg3SU
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