@Finding_Moats Hey mate - been a paying subscriber to your blog for about a year now. Love the content! Been following $PRM for about the same time and excited to read your work. Would be great if you could touch on the founder advisory fee in detail, impact on cash + overhang on share price 😎
@JimPGillies@CapitalismWorld Good thread. Agree and interested to watch how the market prices for the cash + dilution overhang (I see it as a cash + PIK settled pref that you PV and subtract from EV).
In response to today’s CPI print which showed broad-based and accelerating inflation, short-term FF futures moved upward implying peak FF of 3.68% by 12/22 with the @federalreserve immediately thereafter cutting rates to reach 2.9% by 1/24. Implicitly the market expects a more
Everyone should read One Up On Wall Street at least once.
Peter Lynch not only achieved a legendary 29% CAGR over 13 years.
His ability to turn complex investing concepts into stories is remarkable.
I reread the book recently & I'm still blown away.
Here are my notes:
NFTs are the unlock social tokens needed to succeed.
- Primary and secondary sales seed a treasury.
- Airdrop tokens to NFT holders.
- Stake NFTs to earn tokens.
Social token governs treasury, NFTs drive revenue.
This is the playbook.
Anthony Bolton is the former Fund Manager of the Fidelity Special Situations Fund.
He managed to achieve an average return of 22% over a 28 year period.
At this rate, $10,000 would’ve turned into $3,7 million.
Here’s his Investment Philosophy👇🏼
@brycent@AxieInfinity Not a raise my boy but payment for past sins. Founders selling down via seconds so now fresh growth cap injected. Right thing to do though - props to the team