If you’ve ever wondered…

Why selecting competent advisors (especially lawyers) is important…

Why selecting a counterparty with demonstrated integrity is important…

Why docs and definitions are important.

Why private equity has a bad wrap… (I don’t buy the “we thought it…

One Saturday afternoon a long time ago, one of the (formerly) striking Teamsters stood up at the end of an all-union meeting. He said they really needed support during late-night pickets at GVP, a paper distribution site. He said it was demoralizing to be outnumbered 🧵

people with adhd cannot play peekaboo. they will freak out and possibly kill you when you are revealed to still be there. please be careful

Ht The Beaumont™️

couldn't resist the headline after a reader emailed today claiming i want to 'smash the system' (??????)

(by...... reading bond documents, i guess?)

ft.com/content/944ea9…

Here's Skanda Amarnath explaining the difference between how the CPI and PCE calculate auto insurance

this story rules and is absolutely mind boggling

PE firm buys out supermarket chain, closes deal at $245mn valuation

PE firm then demands $109mn more, for ***100 per cent*** of the debt of a different co that supermarket chain owns a ***partial*** stake in

Arbitrator says 👍

“under-reported”

this is from almost a year ago by the way! 😇

ft.com/content/91342a…

istg we need kids’ books about how we get fire trucks & roads

like even a toddler can understand that nobody needs their own fire truck at their house so people all contribute to build and share them

(might wait a bit before getting into Crassus etc)

It was Singaporean SWF supremacy at the FT Alphaville Pub Quiz — but how would you have done? on.ft.com/3JdYiHf

Two-year treasury yields soaring as market prices out rate cuts.

infIation

.alexandra scaggs on the 'non-systemic' potential impact of the downgrade of Altice's loans. ft.com/content/f28458…

New at THE OVERSHOOT:

Why Have Rate Hikes Not Done Anything?

theovershoot.co/p/why-have-rat…

<-- Houseolds and businesses have responded to higher interest rates by issuing less debt, yet the shift from borrowing to saving has not affected real output, consumer spending, or employment

i know 93 per cent isnt totality but it sure was cool

Hmmm. Irritable Vowel Syndrome.