Charlie Menges

[Charlie Menges @CharlieMenges]

@BarstoolBigCat It’s king

[Charlie Menges @CharlieMenges]

@BarstoolBigCat Brandon Johnson left after Hoerner got caught stealing to be beat traffic

[Charlie Menges @CharlieMenges]

@WaddleandSilvy They plan to out run block their opponents

[Michael Burry Stock Tracker ♟ @burrytracker]

27 years ago today, Mark Cuban pulled off a top 10 trade in Wall Street history

Cuban co-founded Broadcast in 1995. It streamed audio over the internet

Yahoo bought it for $5.7B in stock while Broadcast was doing $22M in revenue at a $16M loss

Cuban got 14.6 million Yahoo shares worth $1.4 billion, but he was locked in. Legally couldn't sell a single share

So he called Goldman Sachs and structured what's known as a "zero-cost collar":
• Bought $85 puts (downside protection)
• Sold $205 calls (capped his upside)
• The premiums canceled out. It cost him $0

What happened next:
• Jan 2000: Yahoo hit $237. The hedge looked like a mistake
• March 2000: Dot-com bubble burst
• 2002: Yahoo fell to $13. Broadcast was shut down

Without the hedge, Cuban loses 86% of everything

Instead, he kept over $1,000,000,000

"They called it one of the top 10 trades of all time on Wall Street" — @mcuban

[Charlie Menges @CharlieMenges]

@MBHawkeyes @CourtneyRCronin If they can’t afford it sell the team or get partners on the stadium (PE). The state wasn’t giving them money 2.5 years ago either. There is a lot of land they could divide. Soldier field is on 97 acres. Arlington is 326 acres. Use 2.5 years and get more creative

[Charlie Menges @CharlieMenges]

@DanWetzel The conference games will be gone in 2 years

[Charlie Menges @CharlieMenges]

@barstoolsports Eminem produces the halftime show https://t.co/PhU3E4uJ2F

[Charlie Menges @CharlieMenges]

@jaysonst Little bit of dew on the ball

[Charlie Menges @CharlieMenges]

@WaddleandSilvy Needed PCAs oven mit

[Charlie Menges @CharlieMenges]

@barstoolsports If he had a bat he would have swung at it.

[Charlie Menges @CharlieMenges]

@BarstoolBigCat Get him to bethpage

[Charlie Menges @CharlieMenges]

@ForePlayPod Looks like a real “nightmare”

[Charlie Menges @CharlieMenges]

@lord_b219 @James31Warner @BarstoolChief You specifically asked why they didn’t do something that had a 3% success rate. Because they should have executed something that had a 100% success rate of saving a timeout if they kick it out of bounds/endzone.

[Charlie Menges @CharlieMenges]

@James31Warner @BarstoolChief Because your weak legged kicker was supposed to kick it out of the end zone. That would have given you the 2 min warning plus a timeout. You get the ball back with a minute left. Your kicker doesn’t have the leg so they run it out from 8 yards deep to essentially end the game

[Charlie Menges @CharlieMenges]

@PardonMyTake @thekapman @WaddleandSilvy

[Charlie Menges @CharlieMenges]

@colincowherd These picks will be in the bottom half of the first round.

[Charlie Menges @CharlieMenges]

@stoolpresidente They don’t play until week 14 & 16. Lots of time before then

[Charlie Menges @CharlieMenges]

@barstoolsports So baseball to do the nerd analytics vs capitalizing on a swing off excitement. So on brand and dumb

[Charlie Menges @CharlieMenges]

@thekapman @WaddleandSilvy After Bellinger’s 3 dingers, one has to wonder how many homers will Tucker hit in a game vs the Cubs next year?