Research

@AureliusValue @FriendlyBearSA @AlderLaneEggs - I did a primary research today on $FRG owned Vitamin Shoppe. I checked google to go busiest time of day (Sat at 11 am). Strip mall parking was packed. Vitamin Shoppe empty. 2 paid employees and only 1 customer. GNC type BK coming

@FreightAlley Private credit ie ‘relatively’ liquid. Just wait until the redemptions hit private equity where the marks are total dream land

Economics always wins

@InvestingVisual @JrAbbate You left out $mile metromile. One of the worst

Chamath Palihapitiya: Capital Loss as a Service.

@theallinpod Never forget - @chamath compared his $Mile to Buffets Geico. $mile went down 90% and was on verge of BK before a mercy take Private. Complete joke

Chamath explains Warren Buffett’s secret to success: “Markets thrive when there's information asymmetry” “Now I'm gonna get a lot of people really upset with me.” “This is an example of Warren Buffet's returns pre- and post-Reg FD. Now what do you see?” “His returns were double the market returns when this kind of information sharing was legal.” “And the minute that it became illegal and you had to act on the same edge as everybody else, his returns went to the market return. He generated zero alpha. In fact, he probably, on the margins, lost a little bit.” “So this is the single best investor in the world. This is what happens when you have information symmetry.” “So it's just meant to explain that markets thrive when there's asymmetry. Billions and billions of dollars will be made in asymmetry.” “The prediction markets today, unless they are regulated out of existence or shut down, will look like the stock market pre-Reg FD, and there's nothing we can do except choose not to bet it, because otherwise what you're going to have are a ton of sharps taking advantage of a ton of squares.”

@litcapital I only open my brokerage statement once every 10 years and it never goes down either

It’s days like these where it’s great to be a private markets investor Stocks getting crushed, crypto getting decimated, and my private marks are unchanged

High school recruiting is illegal last time I looked.

@MaxPreps 17 transfers. Is it the coaching or the cheating (aided by CIF)

Carson Palmer is the 2025 MaxPreps Coach of the Year after leading Santa Margarita to a CIF Open Division state title and a program-best No. 4 finish 🏆🏈 ✍️:maxpreps.com/news/lNVyiS55n…

@ICuRaRook @FSOceanClub In Europe VAT is already bundled into the menu price, this receipts adds in addition

How much would you tip?

In lieu of the WSJ article, it’s time for St. John Bosco to set the record straight

@realsteveeisman Sounds like privates getting pushed onto retail

Incentives trump ethics almost every time. #TheRealEismanPlaybook #FinancePodcast #InvestingInsights

@latsondheimer Rule 202 is providing false documentation in order to gain eligibility. Example: claiming a change of address in order to transfer school and not sit out. Happens all the time, only now it’s finally being enforced in S Cal. Seems to not be enforced in Nor Cal

Long Beach Unified School District finishes internal investigation and removes three football coaches.

Yes! The U.K. market will never be competitive as long as there is a stamp tax on shares citywire.com/wealth-manager…

Who wants to see Jimmy Kimmel canceled next?🙋🏼‍♀️

@MeghanKReynolds @hamilton_lane From the Report: You'd better start running your business the way you run your portfolio companies. Would you let your portfolio companies hold their clients' capital for as long as you're holding yours? Would you let your executives ignore performance numbers and their clients'

Heard from LPs this week: @hamilton_lane held their annual Market Overview. It’s a staple for any private markets trend watcher. Get your hands on it if you can. A few quotes:👇🏻 “Distribution levels are at a low not seen since the GFC and that has happened at a time of strong public equity performance. This is something that has not happened before…” “We shouldn’t expect a rebound [in fundraising] without a meaningful rebound in exit activity” “The real growth in private markets is below the surface: evergreen funds, secondaries, co-investment, SMAs” “Our view is that evergreen structures will come to form a major part of the private markets landscape in a very short period of time”

@rossiadam @chamath You left out one of his biggest SPAC frauds: Meteomile $mile who he bought from his podcast co-host. It’s well documented Metromile was on verge of being shut down when they merged it into a SPAC with fraudulent projections. Company never made any of their forecasts

Chamath is riding high these days. Popular podcast host. Cozying up to Trump and Elon. But he has never been held accountable or apologized for his INSANE grifting streak over 5 years. It was predatory, and it was wrong. A thread on @chamath the "SPAC King" 🧵

@blackstone ‘s monster illiquid $breit has now dramatically underperformed its passive publicly traded liquid comps in back to back years. $breit lost money in 2023 and only returned 1% in 2024 while the Vanguard REIT ETF returned +12% and +5%. This product is done

@alexkehr Will $snap still be carbon negative by 2030 as promised? I’m sure he will stop flying private in 2029. Did Snap’s ‘Planet Rewind’ cover air travel?

TIL I learned Evan Spiegel has a private 737.

@TrishGump @TheMarinaTimes @MarkFarrellSF You live in New York. Of course you are pushing policies that hurt the people that actually live in San Francisco

@TheMarinaTimes @MarkFarrellSF It’s not the cars. Embarcadero is also dead even with cars plus lots of parking. (So much parking it’s cheaper than ever.) You’re kidding yourself if you think bringing cars back will magically reinvigorate Market Street.

Pretty sad. And the only mayoral candidate who wanted to reopen Market Street to cars was @MarkFarrellSF 🤷🏻‍♀️

@FriendlyBearSA @ShortFocus I’ve seen it plenty of times. Companies can ask the exchange to halt their stock. $SoFi did it in 2022 and $bakt did it to incite a short squeeze

@ShortFocus This was not an exchange ordered halt. Management called the exchange and asked for the halt.

Nothing says "we're a giant fraud" more than halting your stock ONE HOUR before market close to issue a generic press release. Is the goal to make it look like you got a buyout offer?

@DC_Draino Visa and Mastercard are networks. They don’t charge interest - the issuing banks charge interest