Category: Research
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Why I’ve Changed My Mind on POWW
POWW reported earnings on June 29, and there’s a lot to unpack. In my last note, I explained what I wanted to see from the company’s upcoming earnings: GunBroker Marketplace Growth Improved Inventory Control Improved Accounts Receivable Collections And a cursory glimpse at the company’s ER would have you believe things are going exceptionally well. That’s…
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Dance Like It’s 1970, Baby
Today we’ve got a guest post from Srivatsan “Sri” Prakash. Sri is the 18-year-old host of the Market Champions podcast dedicated to interviewing the best and the brightest in finance and economics. His thoughts can be found on Twitter @SrivatsPrakash. Please enjoy … Everyone’s comparing today’s inflation to the type experienced in the 1970s. The…
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The Game Has Changed
*** The following is an excerpt from a recent Market Note sent out to members of our Collective. To find out more about the Collective, click here*** I was chatting with a good friend and mentor the other day. We were catching up as we hadn’t spoken in a few weeks. He’s worked with a…
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3 Complexity, Chaos and Markets
Brandon here. Today we’ve got a guest post from Srivatsan “Sri” Prakash. Sri is the 18-year-old Host of the Market Champions podcast dedicated to interviewing the best and the brightest in finance and economics, His thoughts can be found on Twitter @SrivatsPrakash. Anyways, before dive into Sri’s piece, I want to let you know about the Macro…
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3 Big Things: Short Selling 101 w/ Robert Prather
“It’s amazing how many long-only investors fail to actually read things like the footnotes, disclosures, etc. This is stuff that reveals important things about the business that go mostly unnoticed. And that’s our opportunity.” Robert Prather is an Investment Analyst and the founder of Vision Research. Vision Research is a Fundamental Research shop dedicated to finding…
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The Coming Bull Market in Gold… [DIRTY DOZEN]
“You are—face it—a bunch of emotions, prejudices, and twitches, and this is all very well as long as you know it. Successful speculators do not necessarily have a complete portrait of themselves, warts and all, in their own minds, but they do have the ability to stop abruptly when their own intuition and what is…
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3 Big Things: How To Evaluate Management w/ Ben Claremon
“If there’s one thing I’ve learned from interviewing 25+ CEOs and operators, it’s this: culture, incentives, and management teams really matter.” Ben Claremon is the portfolio manager at Cove Street Capital and hosts one of my favorite investing podcasts, The Compounders Podcast (listen here). Ben spends his time reading, thinking, interviewing, and investing in the…
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Is Bitcoin Setting Up For A Big Move? [DIRTY DOZEN]
“Where you want to be is always in control, never wishing, always trading…” ~ Paul Tudor Jones (h/t @AndreA) In this week’s Dirty Dozen [CHART PACK] we look at consensus SPX end of year forecasts, broad market positioning at their lows. An ISM maybe predicting further downside for the S&P? We then cover big flows…
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Value Hive: 3 Big Things with Alex Morris (TSOH_Investing)
“The reason I love studying retail businesses is because it’s so graspable. If you understand very basic business concepts, you can wrap your mind around how these companies can build very strong, very profitable businesses over time. And it all starts with simple unit economics.” Alex Morris is one of my favorite writers and Twitterers…
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The Imminent Earnings Recession… [DIRTY DOZEN]
“Most people will not wait for the environment to tip itself off. They will walk into the forest when it is still dark, while I wait until it gets light.” ~ Mark WeinsteinIn this week’s Dirty Dozen [CHART PACK] we look at a yield-dependent tradeable bottom in equities, check out significant technical support, and take…