Friday, September 18, 2020

The Update Issue: Peloton and the Fitness Revolution, Back to School Drama

By Berna Barshay

Peloton (PTON) blew away expectations when it reported earnings for its fiscal fourth quarter last week… In the June 9 Empire Financial Daily, I wrote that Peloton “could be the Netflix of fitness.” Based on the quarter the company reported last week, I am more confident than ever in that prediction. Peloton beat expectations on […]
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Tails, You Win; Essential Wisdom From America's Best-Performing Stocks; Let Your Winners Run; My Netflix story; When the Stock Market Doesn't Need the Economy

By Whitney Tilson

Whitney Tilson's Daily,
Friday, September 18, 2020
1) I just finished listening to the new book by blogger and venture capitalist Morgan Housel, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness (I shared Wall Street Journal columnist Jason Zweig’s review of the book in my August 17 e-mail). I found it fascinating… especially the chapter about tail events, which […]

The Second-Most Watched Sport in America Will Shock You

By Alex Griese

Empire Financial Daily,
Thursday, September 17, 2020
► Any time I (Alex Griese) ask my colleagues at Empire Financial Research for a book recommendation on investing, one name always comes up: Peter Lynch… Lynch is a legendary fund manager who grew Fidelity’s Magellan Fund at an astounding 29% per year from 1977 to 1990. He attributes much of his success to one […]

NNOX is 'Theranos 2.0'; Short report on Lumber Liquidators; Interviews with Carson Block and Dan David; Snowflake's IPO; Working remotely from Bermuda

By Whitney Tilson

Whitney Tilson's Daily,
Thursday, September 17, 2020
1) I’m returning to the topic I’ve been writing a lot about over the past week: activist short-sellers. One of the best, Andrew Left of Citron Research, released a scathing report on Tuesday on medical imaging company Nano-X Imaging (NNOX): A Complete Farce on the Market – Theranos 2.0. Excerpt: Since its recent IPO, Nano-X […]

Extraordinary Events May Improve This Pandemic Winner's Longer-Term Outlook

By Berna Barshay

Empire Financial Daily,
Wednesday, September 16, 2020
► Grocery stores have received a windfall from the COVID-19 crisis… Spring lockdowns forced Americans back into their kitchens. Long work hours in dual-income households, frenetic after-school schedules, an increasing number of single Americans who don’t want to cook for one, and a proliferation of affordable prepared food options were all factors in the long-term […]

BP Says the Era of Oil-Demand Growth Is Over; Is ExxonMobil still a value trap?; The Humbling of Exxon; Exxon Downsizes Global Empire As Wall Street Worries About Dividend; Is Big Oil Still a Big Deal?; Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic

By Whitney Tilson

Whitney Tilson's Daily,
Wednesday, September 16, 2020
1) Today, global energy giant BP (BP) wrapped up its three-day investor event, in which it “said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.” This is a big deal, as this Bloomberg article highlights: BP […]
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Whitney Tilson

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About Whitney Tilson

Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to nearly $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor’s degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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