Luke Constable

Founder @ Lampa Capital

[Luke Constable @l_constable]

@Cap1talCap1tal Curious if you've looked at ARX and have any thoughts on their MGA programs vs the aggressive pricing/overcapacity created by the typical MGA?

[Luke Constable @l_constable]

@hypersoren @curious_vii Ha! Guilty.

(Though I first read it in Palo Alto)

[Luke Constable @l_constable]

@MikeSimanovsky Great message!

Learning about athletes like Gary Hall was incredibly heartening when I found out I was T1D too.

Love to see people highlight this

[Luke Constable @l_constable]

@curious_vii Short school bus is always an option

[Luke Constable @l_constable]

Big fan of Eric & what @trytrata is building!

[Trata (YC W25) @trytrata]

Trata (@trytrata) is now on FinTwit. We host anonymous buyside to buyside conversations via voice calls. We work with 125+ funds (vs. 10 in March) and receive 25-30 human-to-human calls weekly. We compile these conversations into a library of investment research.

EX: Fund 1 is bullish and Fund 2 is bearish on $OPEN, they ask each other questions they want answered surrounding the key debates for anywhere between 30-60 minutes.

The average fund on the platform: ~$200-400mm in AUM, 3 investment professionals, fundamental research focused. These funds use tools like Bloomberg and third-party expert networks, and have regular access to management teams.

To the qualified lurkers and anon accounts of FinTwit: Request a call on any ticker (bull or bear). If we pair you, we’ll give you:
1. Access to that transcript and any transcripts on that ticker published through the end of 2026
2. Airpods

[Luke Constable @l_constable]

Small life update!

Planning to start writing again in the new year. Happy Holiday season to all of you.

[Luke Constable @l_constable]

@TenreiroDaniel @TheStalwart @trussliz @tracyalloway Big comment from big man on twitter

[Luke Constable @l_constable]

@kevinsxu @WangUWS Movie stars!

[Luke Constable @l_constable]

@nosunkcosts The real vs nominal distinction is spot-on.

Would also add that there are definition problems (e.g. flows from savings to equities vs among equities; bid/ask changes without $ flows).

What do you think is the best metric for "equity flows" for >3mo timeframes?

[Luke Constable @l_constable]

@g3cfo Thank you! I've only read a few of these, and just ordered the rest online.

The one I'm still searching for is a tell-all from a private equity CFO. The adjustments they make, the way they shift numbers to fit narratives. (And please let me know if you know of it)

[Luke Constable @l_constable]

@g3cfo One of my favorites - Tom is brilliant.

Also love Jacob Soll's The Reckoning if you haven't gotten to that one yet.

Any others you'd recommend in that genre of accounting history / applied accounting?

[Luke Constable @l_constable]

@fkronawitter1 @elasticretreat Just chiming in with the Dec '22 print. Curious on what you're focused on here?

[Luke Constable @l_constable]

@prpl8 Yup, Vanguard 2040 TRF's drawdown is -32% (and that's just nominal).

But not seeing signs of TRF selling in earnest -- e.g. not showing in keyword searches.

Are you watching closing auctions or anything else in particular?

[Luke Constable @l_constable]

@MrBlonde_macro Much appreciated... should have known that the best people always build it from the ground up themselves. Core data from BBG + Factset?

[Luke Constable @l_constable]

@MrBlonde_macro Late, but just saw your reply here. Love your work -- Mind sharing which database you're using for sector-neutral factor work here?

[Luke Constable @l_constable]

@bennpeifert @NewRiverInvest Alan Boyce proposed this in 2010, but I never tracked him down to ask what stopped it from happening

https://t.co/wnlcDxxJuV

[Luke Constable @l_constable]

@VetTechTrader @howardlindzon Hearing this anecdotally too -- any way you're tracking this on bbg?

[Luke Constable @l_constable]

@prpl8 @FZucchi For those of us who weren’t active then, why didn’t everyone collar their stock in 99/00?

Equity lockups? Something small (Eg felt fees too high)? Or did everyone just believe the run would continue?

[Paris Yimby @parisyimby]

94% of Parisians live less than 5 minutes from a bakery.

[Luke Constable @l_constable]

@sbensu The people demand your posts turn into a weekly occurrence