jonathan

@taobanker Founder has gone from >50% of float 10y ago to 20% today, current CEO is clueless. Best days long gone.

One name that's standing out from my AI screening today is $MORN Like they have strong cash flow, high quality earnings, proprietary data, flying under most peoples' radar, founder-managed and AI says it's cheap Probably best not to overthink this one

@S_curvecap @GoBirds555 Feels like fin-twit is all trash now tbh. See a reasonable long idea and two threads up see reasonable short thesis for aforementioned long.

Today sucked ass kinda. My over trading the last 1.5 years has led to my underperformance. I’ll learn hopefully

@patientinvestor Covid, low rates made dividend look attractive, investors bid it up to silly multiple for staple and the rest is history.

What happened to Clorox? $CLX

@kkmaway Says the guy who made tens of millions getting pushed out of place after place for… making tens of millions 🫩

Do people have any idea what the largest expense of an asset management company is? Its distribution...not investment talent.

@KobeissiLetter This is the most inconsequential conflict in recent memory. Iran is virtually wiped. Finish the job and let the world get back to the show.

BREAKING: Iran’s President Pezeshkian releases a statement threatening to back out of the ceasefire agreement: “The repeated aggression by [Israel] against Lebanon is a flagrant violation of the initial ceasefire agreement and a dangerous indicator of deceit and lack of commitment to potential accords. The continuation of these aggressions will render negotiations meaningless; our hands will remain on the trigger, and Iran will never abandon its Lebanese brothers and sisters,” he says.

Accurate

@saasy_cto @Investor_NICK_ Dude who created the thread may not be old enough to understand levering up.

@Investor_NICK_ $CRM doesn't have $50B in cash to do the buybacks

This carnage in software is so much worse than 2022 … absolutely wild to watch stocks get sold off day after day despite insider buys / huge buyback announcements ($CRM $50B buyback program) etc. So much capital destruction.

@VariantMkt Last decade has been trash, trailing numbers aren’t worth getting out of bed for. Made Alexander wildly rich, though.

Ruane Cunniff’s Acacia Fund, started in the 1980s, has quietly built one of the longest-running and most consistent track records in investing. Greg Alexander and Acacia have stayed intensely private. Little is written, few interviews exist, and capital has compounded far from the spotlight. Even Warren Buffett once pointed to Alexander as one of the most talented investors he’s encountered. It’s a powerful reminder: some of the best investors don’t seek attention, they avoid it! Let’s dive in.

@At50w50882 @DadInvest Davis also nepo baby that did nothing with his dad’s business.

@DadInvest Howard & Susie are the worst kind of nepo babies - the ones who, despite all advantages, have basically no accomplishments of their own. Chris Davis is textbook definition of the mediocre mutual fund manager.

Just voted my Berkshire proxy. Howard and Susan Buffett plus Chris Davis? Nah, I vote no nepo.

@ShitFund -18% YTD… impressive!

@ShitFund Doesn’t that just rip Tesla and all the other EV cos?

@airjordancap Fully computes. Tier 1 grift. Rich dad, buys clout, sound smart, but actually?

Patrick O'Shaughnessy is one of the most confusing VC's. Great interviewer and gets T1 people to talk to him regularly (and often only him). Yet somehow his portfolio is tier 2/3. Something doesn't compute. Love what he does for the industry, but as a VC the jury is still out.

@S_curvecap Telling that you can go a decade without seeing someone you used to work with so closely/daily in Hollywood. Finance you almost need to try avoiding someone for it to be that long.

@rich_toad This can’t be a serious question.

Would you rather work for a star PM at a smaller shop—or a weak PM at a big name?

@ShitFund Entire fund is just a Carvana bet with diversification of negative contribution from CDLX and HGV. And the top endowments put $ with this clownshow - amazing.

@orrdavid Good luck - it’ll never happen. If you think it will, you’re clueless.

In this example, I plan to go very far out of my way to get this particular allocator fired someday.

This is a real track record of a $1 billion fund that a large university endowment has money with. 10 years of underperformance. Worse than double the drawdown of the S&P 500 in 2022. Probably a .5 Sharpe. Total junk.

The mayor of Minneapolis interrupts his regularly scheduled dance with the Somali flag to speak to ICE…

@HighyieldHarry Same. And same. So many clowns just like him in corporate world. On the ep where Don’s blasted and submits: UNCLE

I first watched Mad Men before I started working FT and I hated Duck Phillips then. But now that I’m rewatching/have worked real life jobs I absolutely hate Duck Phillips in whole new ways I thought weren’t possible. Would be a terrible guy to work with.

@PrivateEyeCap May as well do Comcast too.

Lost lil $ in cable a few years ago&hadn't been involved/revisited since. Heard analyst pitch recently on podcast&threw $CHTR in model using #s from Cox merger doc. Trades @<2.5x mgmt 2029e FCFE. Equity stub/Publicly traded LBO @ this stage w/ mkt cap of just 1.4x EBITDA. 1/n

@MadsenSouth NZS Capital wrote a piece on complexity investing a few years ago, high skew of outcomes and a way of sizing. Worth a read.