Is this place completely dead now? Over the past hour I’ve got 7 tweets from 742 accounts I follow
Bread Crumbs Research
@breadcrumbsre.bsky.social
I invest in unrecognized/underappreciated excellence. Marathon AM: Trying to spot a great manager remains a game very much worth playing.
When you account for 10% of daily trading volume in a nanocap stock 🐳
Brent down 4.75%, usd index down 1.75%. Oil just got cheaper 6.5% for non US buyers
It seems like there is at least one certainty: if I’m a ceo of a US company I’m delaying investment projects to see where the dust will settle down
If Trump tariffs cause recession I’m loading up with oil stocks, anyone who survives 3 recessions in a decade will have bright future
State of oil services now: I own a company that’s trading at c. 6x ebitda and buys other oil services companies at 3-4x ebitda (that’s 6-8x p/fcf); last 8 years revenue per share cagr = 21%. I know, I will get rekt on this one but at least it’s going to be fun
There is a category of cyclical stocks that are flat for decade, then double or triple in a couple of years and stay flat for another decade
This podcast is the most clear sign of the bubble in so called "quality" stocks I've seen so far @upslopecapital.bsky.social
Does it make sense to pursue green transition agenda in a dog eats dog world? Waiting for Europe to abandon this effort
We Finns should have learned this already from the Winter War. Without the social policies of the 20's-30s, the war would have most likely ended differently. But thanks to those policies, even the poor felt like 🇫🇮 was worth defending, unlike in 1918.
Tapani Hopkins@tapani-hopkins.bsky.social · last yr.Read the whole thread, but summarised: Part of defending your country is seeing to it that everyone feels they have something worth defending. Overwhelming firepower is useless if people won't fight. Welfare state = (also) defence policy
Trump is dismantling existing world order and you’re not bullish commodities ?
European defence stocks in panic buying mode
Bust after post Covid boom seems like a decent hunting ground
Thinking about the value of experience in business and investing. My hypothesis based on observation is that experience is more valuable in slow moving industries (banks, oil and gas) than in fast moving industries like tech
It seems like capital allocation skill is a natural extension of operational excellence. Never seen good capital allocator management who were not good operators. But not all good operators master capital allocation, which itself takes a lot of time
I like this definition of corporate culture: the worst behaviors that leadership are willing to tolerate.
I have translated today's speech in the German Bundestag by Ukrainian Jewish Holocaust survivor Roman Shvartsman into English, because I think it is really important that as many people as possible read it. Please re-post and share. Thank you very much! www.bundestag.de/dokumente/te...
Russia keeps financing anti-EU parties across Europe while Europe keeps buying Russian LNG. Essentially Europe is financing hybrid war against themselves. Unbelievable stupidity
My observation following excellent management teams in massive slow/no growth industries like banking, insurance, oil and gas, transportation etc is there are ALWAYS segments within the industry that are growing. ALWAYS. There are always segments that are more defensible, more profitable etc
Out of the 30 largest companies by market cap only 6 are not from the US
“the European Commission estimates that the bloc’s members will need to spend €500 billion on defense over the next decade — still means there will be a lot of money available for European defense firms” www.politico.eu/article/dona...
Why Trump means good times for Europe’s arms-makers
The industry anticipates that no matter what the new U.S. president does, it stands to make a lot of money.
politico.eu
situation in cannabis industry is so bad that Tilray decided to divorsify into beer
