Turns out chasing $OKLO and $SMR was the better play than buying $GSRT (now $NKLR) and $HOND more cheaply (with downside protection though)

Tolkien would be proud, I think

When in a market bubble, like we are with the current AI bubble, it's worthwhile considering this quote from George Soros: “When I see a bubble forming, I rush in to buy, adding fuel to the fire.” It's great to participate - just don't overstay your welcome.

Med-twit, I need your thoughts on this diagnosis. Is this normal or is this neck f-cked? Asking for a friend...

Accelerate declared the October monthly distribution for its private credit ETF, the Accelerate Diversified Credit Income Fund (TSX: INCM), at $0.16 per unit, for an annualized yield of 13.0% newswire.ca/news-releases/…

Cutting through the noise and negative sentiment on BDCs, here are some interesting insights from a recent call with leading BDCs and sell-side analyst: - BDC sentiment completely disconnected from reality. 15-25% NAV discounts imply defaults that “far exceed” what happened in

One of the most fascinating insights is that even though prices are 20% lower in the liquid market, most allocators still prefer to invest in non-traded BDCs at 100% of NAV (25% higher than public BDCs) solely due to the lack of mark-to-market. They prefer a smooth 8% instead of

BDC NAV discounts wider than peak tariff-tantrum but BDC bond yields 100bps tighter is a weird dynamic if credit risks have increased.

How's this for a winning combination: Trump + Chamath + SPAC The Colombier Acquisition ( $CLBR) team filed an S-1 for their 3rd SPAC, featuring a star-studded cast of SPAC royalty. This issue should be HOT. $PSQH $PEW

Here is a stat that could melt an allocator's brain: Since 1990, gold has outperformed real estate. A "barbarous relic" no more.

Despite the data exhibiting an improvement in credit performance, BDC NAV discounts are implying a default wave far greater than what occurred during the GFC.

If in fact we are heading into a credit crisis worse than 2008/2009, CDS are likely a good buy here with multi-decade tights in corporate credit spreads.

"In many ways, the public BDC market has become a mirror held up to private credit’s collective anxiety. Prices now imply a level of distress that doesn’t exist in the data—defaults are low, recoveries solid, and NAVs stable"

EDGAR down this am? I assume related to AWS outage...

Plantro woke up this morning and chose violence. It withdrew its unsolicited bid for Dye & Durham, citing a "likely debt default" and stating it may "exit its holdings". $DND.to