Dad. Husband. Vancouverite (born in AB). Fund Manager. Skeptical optimist. Looking beneath the surface. Arbitrage. Special sits. (tweets not advice!).
Joined February 2011
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‘You make most of your money in a bear market, you just don’t realize it at the time’
- Shelby Davis
Canadian legend. RIP
Catherine O’Hara, a veteran actor who starred in “Home Alone,” “Schitt’s Creek” and “Best in Show,” has died at 71 years old.
variety.com/2026/tv/news/cat…
Travis Dowle retweeted
The US banking system is built on the expectation that equity and bond holders accept the bank economic risk and depositors, particularly the small folks, do not.
While that is not legally the structure, its important to keep in mind that's functionally how it works. Thread.
I shared the famous (infamous?) McNealy quote from 2002 with an investor today:
Scott McNealy famously said at 10x revenues what were you thinking- i still have to pay my employees, my rent etc etc. Well $NVDA at 20x and with 86% mkt share is not a small stock. In order to earn the market multiple (actually 2x the mkt multiple in 10 years) it would have to
In a stock market filled with fear
Merger arbitrage brought cheer
With its low risk ways
It brought holiday cheer and praise
A profitable strategy all year.
A bit of informative fun and seasonal cheer from ChatGPT AI
#alternatives #arbitrage #bondsarenotenough #gotarb?
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Elon Musk’s showdown with Twitter has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover history on.wsj.com/3yX7sE0