Stewart Brand How Buildings Learn in BBC tv format excellent on many levels - many timeless insights, art of observation, many ppl make entire careers out of a single of six episodes www.youtube.com/watch?v=AvEq...

$PSX LEAPS? Jan 2027 $120 is $19 vs $200+ elliott target Long PSX Short $VLO? cheap assets, clear catalyst now streamline66.com/wp-content/u...

do any duds come to mind when people overly focused on the sleep zakaria nomad partnership concept of scale economics shared?

Ramen consolidation in Japan? Gift already growing topline and EPS 20%+ for the last 10 years... 20x EBIT, have never been cheap $9279

physique as a physical bottleneck www.ft.com/content/2289...

really good piece on robotics/geopolitics semianalysis.com/2025/03/11/a...

winners vs losers

"If I want to be risk averse, I have to be risk-averse all the time."

crypto etc imploding translate into decline in meme stocks risk? revival of Dead Companies Walking short strategy? thinking Kohls

not a cutesy/rhetorical q - does anyone know anything about unwinding carry trades? thoughts, bridgewater memos, white papers, investor letters, whatever referencing it appreciated. yen carry unwind was big in GFC era - yen carry and subprime: www.elibrary.imf.org/view/journal...

matryoshka adverse selection at Prospect Capital $PSEC ceo-employees-lenders-borrowers-shareholders www.bloomberg.com/news/feature...

Why Beyond Meat and the plant-based meat industry couldn't live up to the hype www.youtube.com/watch?v=GGNk...

Scamming 101 from investigative look at investment scams - reaching quite elaborate levels these days www.occrp.org/en/project/s...

Melrose so consistently not transparent www.ft.com/content/62c2...

i like $FND concept, but the Munger endorsement most likely is second hand remark via one of the many managers, a coterie of raisins and turds, he had over for dinner in his later years?

ha...whoa. wow. Illumina - what a run. Never sell.

Does a multipolar world imply that moats are slightly less relevant because geopolitical considerations can outweigh a classical economics models of how things should be? Compounding is canceled until further notice. www.ft.com/content/0ecc...

AI disruption, 1800s Artificial Ice...

rise and fall of Japan bond mkt w/warrants deregulation, optimism, land speculation, fortunes, reflexivity www.ifre.com/story/129363...

any followers ever hire a biz reporter in Japan for freelance research?

The $BYND CEO obviously not as big a fan of Lynn Tilton as I am. “There are three universal lies: Margins are weak, but we’ll make it up in volume; the check’s in the mail; and I won’t come in your mouth.”

I am so afraid of the sheikh with $1.5trn who relies on staff who don't seem to know that you can buy books on amazon/have amazon prime for quick delivery.

not rly how things work, but $BYND at ~4x ev/rev vs ~1x for $OTLY, which also has a higher GM %, is amusing

anyone have thoughts on BC Partners in $LOGC? $LRFC diff setup b/c of mgmt fee on BDC, but also feeds their PE biz - any sense if the arrangement overall additive to monetize NOL or more puts them in a position to suck out economics away from LOGC?

FTI Consulting exodus...interesting reminder that people intensive businesses often involve humans. www.ft.com/content/aff9...

very imperfect, but a EU pub-private partnership in a duopoly w/a company they've completely outclassed in a huge demand wave up 50% in 5 years... EU defense stocks give such buy the rumor sell the news vibes

the rumors are true. the writer behind the renaato chrons is spending too much time making AI images with low level word play. read to find out why PORTERS may find itself overloaded with cash. themagicbakery.substack.com/p/porters-51...

dollarshaveclubification of infant formula new entrants on lazy incumbents, world where a can raise a ton of capital if get attention, disrupt a duopoly, way more social media savvy and far better positioned w/quite literally a new generation of consumers www.bloomberg.com/news/article...

cashless society in Japan - 80%+ transactions will be digital fujitsu exiting ATM biz in ~5 years

I love love love a statistically cheap stock to a fault, but still massively underrated that the best governance plays in Japan aren't just governance plays. And this is sort of true anywhere and everywhere ($HD and $LOW last 25 years at diff points). Sanrio vs Sanyo.

rly cooking with the ai graphics design for my next post

if the US is getting more involved in European domestic politics, any bets on who Donald Trump would like to see in charge of the UK's Ministry of Sound?

Getting fully invested into Japan stuff - dont want to even look at my portfolio for long stretches. Pondering options. GPB18k to spend 40 weeks learning how to build a boat? boatbuildingacademy.com/boat-buildin...

Invert, always invert. Bed bug edition (they don’t climb up the bed from the floor, the drop down on the bed from the ceiling).

Rumors abound that there will be a special Debu Kanteseeria Edition of the Maaku Renaado Chronicles. Could Andy have really found a tiny Japanese company that the Data Biz Daddy's eye would lovingly gaze at?

Paying $200/mo to be told to go hire someone to go through 500 proxy statements...

the intended mechanics of tariffs in this moment seem to be converging on VAT in republican clothes

The Maaku Renaado Chronicles covers Serverworks 4434 JP, a high growth AWS reseller in Japan with a CEO doing all the right things. 12x NTM normalized earnings, >50% of the market cap covered by cash. themagicbakery.substack.com/p/serverwork...

Paper on Mainfreight highly decentralized management system The Three Pillars of Mainfreight ir.canterbury.ac.nz/server/api/c...

not my cup of cocoa, but interesting to think about the $BARN SW storm. 70%+ cost plus but huge capital call suck. down 40% from recent highs. either small peers go bk and flush the competitive landscape and/or Barry gets bear hugged into a diversified trader w/more capital?

rly great deep taxonomy of financial data businesses substack.com/home/post/p-...

great convo revolving around tools for thought culture+language+leadership+output josephnoelwalker.com/141-intellec...

How to think about loyalty marketing by @plewis.bsky.social www.thedrawingboard.net/how-to-think...

it pains me to type this sentence, but carlos slim, along with most of the greatest investors ever, including warren buffett, peter lynch, and joel greenblatt, started his career as a microcap investor

There is a great comparative essay to be written on Trump and Mao. Lots of metacharacteristic overlap to explore. Differences probably highlight contextual factors in path of leaders.

liked the broader discussion here on auto OEMs and China/BEV risks - they own Mercedes, BMW, Subaru www.thirdave.com/tavfx-shareh...

the needlessly elaborate lengths JAB goes through to get taken advantage of has to be some weird German financial kink, like the dentists with the KG funds

This pitch on CTT in Portugal was interesting - didnt realize extent that the company is controlled by several capital allocators who now have a demonstrated operational and allocation skill w/the company vs 5 years ago www.symmetry.dk/wp-content/u...

Do I win an award for never tweeting about cable stocks until 2025? $CHTR LEAPS? low multiple, buying back shares... long CHTR/short T? #repurchasooor