boomer origin stories are always like "Finally at 35 years old I decided to get serious with my life -- fortunately there was a national shortage of hedge fund analysts"
ESPN analyst Bart Scott said the #Rams started an arms race by acquiring Myles Garrett. Scott followed that up by saying #Eagles GM Howie Roseman will package a deal to acquire #Raiders Maxx Crosby using Nolan Smith & possibly the '28 1st rd pick acquired in the A.J. Brown trade.
Here's a bond that just got smoked.
$VRRM 5.5% due '29s, now at 86. (CUSIP: 91835HAA0). 11% YTW, inside maturity. 3.5x PF net leverage.
The issue? Largest customer (20+ yr relationship) just cancelled their contract. Stock down 70%.
BESSENT: "Sen. Wyden has slandered the Treasury building to cover up his son having an investment with Jeffrey Epstein."
WYDEN: "Nobody is interested in the rambling of a capo in the most corrupt regime in American history."
BESSENT: "Your son's largest investment position was Rick's Cabaret. Did your son and Epstein talk about poll dancing?
Playing in Philly is like playing a postseason game everywhere else…even when it's just a regular-season game.
That’s how fun it is! @Phillies#mlbontbs
In 2017 I took a beating in an IC meeting.
My call: Amazon would enter last mile delivery and could threaten FedEx and UPS. DHL would survive.
They told me I was wrong.
Today, Amazon Supply Chain Services opened its logistics network to all businesses.
The lesson is not “I was right.”
The lesson is: the people closest to the operation always see it first. I worked there in 2009. The signals were obvious if you were on the floor.
Insiders get laughed out of rooms. Then they get proven right.
@west4thstreet Agreed, but I don’t think the interval funds will fall apart like the SPACs did. Hard to see something as bad as Fortress x ATIP by example