Thursday, June 8, 2023
By Whitney Tilson
1) The front pages of today's Financial Times and Wall Street Journal feature two exceptional pieces of journalism that are likely to bring about important and much-needed changes. First, the FT has exposed one of London's best-known hedge fund managers as a serial sexual predator: How Crispin Odey evaded sexual assault allegations for decades. Excerpt: […]
Wednesday, June 7, 2023
By Whitney Tilson
1) My friend Julia La Roche interviewed my old friend Guy Spier of Aquamarine Capital late last month. In it, they covered the inauspicious start to his career (3:00), learning about Warren Buffett (6:13) and making his first pilgrimage to Omaha (9:47), how the lunch with Buffett was "transformational" (22:30), why he changed his mind […]
Tuesday, June 6, 2023
By Whitney Tilson
1) I confidently predict that Elon Musk's takeover of Twitter will be a case study taught in business schools for decades to come... The question is, a case study of what? About how a company became so bloated that new management could cut 75% of its employees without a noticeable degradation of its service? And […]
Monday, June 5, 2023
By Whitney Tilson
1) We've all been bombarded with stories about how artificial intelligence (AI) is "the next big thing," so of course every company is trying to tie itself to it to juice its stock... My friend and market veteran Doug Kass of Seabreeze Partners shares my skepticism that the run-ups on most AI-related stocks is warranted, […]
Friday, June 2, 2023
By Whitney Tilson
1) I refuse to use Twitter because it's always been filled with so many trolls and other garbage. But I have to admit there really is some great stuff on it, so my compromise is to have my analyst Kevin DeCamp follow it and send me only the good stuff. We've been working together for […]
Thursday, June 1, 2023
By Whitney Tilson
1) It looks like the first part of my prediction about what the Fed will do the rest of this year is going to prove correct... Starting with not raising interest rates at its next meeting coming up in two weeks, based on this story from the front page of today's Wall Street Journal: Fed […]