Musing of the Day: This is what TINA's death looks like. H/t Morgan Stanley.

(FREE) The #OPEC+ coalition fell 3.58mn b/d short of August targets: delegates - argusmedia.com/en/news/237199… #OOTT #oil

Most good investing ins't about making great decisions. It's about consistently not screwing up. "Decent returns for a very long time" generates incredible results.

$GOOGL Tech titan Alphabet is testing major price support. 👀 #IBDpartner Big moment for large cap tech stocks. Investors.com --> bit.ly/3Jc77zh

Madsen South @BazCap @hailcurtis On trend 2023 EPS for the S&P is prob $210 vs consensus of $243. In a recession maybe we overshoot to the downside. If we assume $200 with inflation coming down and without a financial / geopolitical crisis then is it that crazy to think we should trade at 20x that number?

A simple investment system I follow: 1. Do less 2. Calculate even less 3. Read a lot more 4. Be passionately curious 5. Think alone 6. Wait for no-brainers 7. Make few decisions and make them count 8. Invest when it's safe not to diversify 9. Record your decisions

List of 138 Acquirers (roll-up strategies, consolidators, financial holdings, serial acquirers and many others) justvalue.substack.com/p/list-of-138-…

It is the worst year for buying the stock-market dip in almost 100 years. The S&P 500 has dropped 1.2% on average this year in the week after a one-day loss of at least 1%. That is the biggest such decline since 1931. wsj.com/articles/buyin…

Your views are likely to be very different from mine and to encompass those differences, here are my estimates of index value for different T.Bond rates, ERP estimates and recession effects on earnings. bit.ly/3RhUiXM

Any BlueLinx $BXC bulls or bears here? Trying to understand why the stock is so (optically) cheap here. I know ... "housing market could crash." Expectations embedded in the current price seem like a crazy low hurdle & assume worst case. Would love to learn more. DMs open!

Here's another beauty. Has been on my radar for a while but stopped paying attention to it until I saw it was down 36% today: $ENVX Enovix Corporation claims to make silicon batteries. It generated $8,000 in revenue in Q3. $8,000. Market cap is _still_ $1.8 billion USD.

$PARA preferred's pricing doesn't make sense at ~$27. Will be converted to ~1 share of stock at maturity (~$17/share today). A bit more than 1 coupon ($5.75) doesn't bridge you the difference. Prob some convergence trade here. Thoughts? Maybe I'm missing something

Planet Microcap Showcase Euro Stock Pitches: $APR.WA $LMN.SW $11bit (#11bit) Euro microcaps represent combo of value and quality (biz model and/or mgmt). Three great pitches on 3 great opportunities! youtube.com/watch?v=wleBE7…

the CEO of $ECN has bought 250k shares in the open market the last three trading days in a row.

CHT Never stops!

Hyperliquid

The smartest take from Gappy (Giuseppe Paleologo), "There are multi-manager HFs. And there are HFs that don't know they need to become truly multimanager yet." I keep learning new benefits that come from being part of a multimanager fund. It's hard for single managers to compete with that

This week on opmpod I hosted David Orr to discuss his hedge fund Militia Capital. David does not mince words and as a result we get into far too many topics to list them all here. Apple bit.ly/4n6pgTu Spotify bit.ly/469ZvvO YouTube bit.ly/46lWpn5

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