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#AGL #AAL #ANGLOAMERICAN #BHG #BHP #BHPGROUP #BHPBILLITON Officialy out on JSE sens Summary below: BHP Group Limited (BHP) has made an unsolicited proposal to acquire Anglo American plc (Anglo American) through an all-share offer. Key points: The proposal involves two

Winelovers, there’s an exceptional series on AppleTV called Drops of God. It’s centred on France and Japan but this line made me happy.

The Most Profitable Private Equity Deal in History How Blackstone made a huge gain of $14 billion with Hilton Hotels Here is the 14 billion dollar playbook⬇️ In the 2000s, the hospitality industry had become a highly attractive sector for Private Equity. Blackstone was the

Recommend giving this one a listen; over the past 14 years, 3G has 28x’d its $1 billion investment in the take private of Burger King with current annual dividends equivalent to 70% of its invested capital. The deal is one of the highest earning buyouts ever.

OpenAI has just demonstrated its new GPT-4o model doing real-time translations 🤯

This demo is insane. A student shares their iPad screen with the new ChatGPT + GPT-4o, and the AI speaks with them and helps them learn in *realtime*. Imagine giving this to every student in the world. The future is so, so bright.

The Ackerman family family gives up control of Pick n Pay after ±60 years ..

Inflation takes many forms

One of the most beautiful places and experiences I’ve ever had is walking the Pondo Trail in South Africa Matt, who runs Wild Child Africa, was the best guide I’ve ever experienced. A wild man in the best of ways If you can go, you should: wildchildafrica.com/pondo-trail/

Apollo Global, one of the largest alternative asset managers, just had their Investor Day Here are some of the slides that caught my eye 🧵 1/ Apollo and Private Equity Revenue Growth over 15 years

Larry Ellison: Focus relentlessly on the most important goal

The shocking decline of Joburg in 10 short years, in pictures #MoneywebNews moneyweb.co.za/news/south-afr… via Moneyweb News If I was City of Joburg I would hang my head in absolute shame, respond to this with a commitment to action and accountability, followed up with evidence of

We’ve come full circle where Enron is now back. lmao wtf is going on

Episode description: Spotify: open.spotify.com/episode/3yYOXa… Apple Podcasts: podcasts.apple.com/us/podcast/fou…

Notes on Charlie Munger’s commencement address: 1. What do you want to avoid in life: Sloth and unreliability. 2. Envy, resentment, revenge, and self-pity are disastrous modes of thoughts. It is a ridiculous way to behave. When you avoid it you get a great advantage over

I just updated my top 10 highlights from ~175 books: world.hey.com/davidsenra

On Focus: “I don’t give a fuck what anyone thinks. When you’re a racehorse, the reason they put blinders on these things is because if you look at the horse on the left or the horse on the right, you’re going to miss a step. That’s why those horses have fucking blinders

Since 1987, private equity funds have been publicly listed and traded on the LSE. We can compare directly the volatility of the traded funds to the listed NAVs, and get a real-life example of just how private equity assets trade when they are listed publicly.

I’ve been thinking a lot about how the best founders approach cost. If you listen to the fantastic David Senra, you’ll notice a recurring theme in the stories of people like Carnegie, Rockefeller, and the guy behind Costco: they were absolutely obsessed with keeping costs