Special Situations 🌐 Research Newsletter (Jay)
Another miss for Playboy $PLBY, down >8% after-hours:
-Net revenue $65.4mn , est $70.9mn
- Net loss $8.32mn, -6.7% y/y, est loss $6.57mn
-Adjusted Ebitda loss $2.57mn vs. profit $5.88mn y/y, est profit $1.04mn
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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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Tren Griffin
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
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 Faber
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Morning Brew ☕️
How many emails do you get a day from a real person (not a brand/store/spam)?
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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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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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Cundill Capital
Hedgeye on why $QRTEA could be a 0 https://t.co/6kJbV988U2
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FXHedge
TRUMP ALLY REP. SCOTT PERRY SAYS THE FBI CONFISCATED HIS CELLPHONE AT THE AIRPORT TODAY -FBN
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Morning Brew ☕️
petition to abolish the NYT opinion section https://t.co/dFVkFqomXF
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