I spent months building a field guide to Pacific Northwest community bank M&A. While i was writing it, Banner Corporation announced the exact acquisition my analysis predicted. The compression trade is out now:
https://t.co/WrpLpZqPuc
The Hydraulics of Inefficiency: $FG, taxable distributions, and the structural alpha of forced selling.
The market has created a distressed price for a high quality asset.
I break down the trade, the mechanics of how it's possible in the first place, and the 50% upside case.
Read the full report: https://t.co/bkP554DJVv
George Soros ruled the market with a single concept: Reflexivity. We are living through the greatest Reflexivity experiment in history: The Passive Index Bubble. It has broken price discovery. But if you know the mechanism, it is an arbitrage machine. Here is the playbook. 🧵
“Men are born for games. Nothing else. Every child knows that play is nobler than work.” - The Judge
Most people treat the market as a job. They want safety, value, and predictability.
They are missing the point.
The market is but a game. The only game that really matters.🧵
weird that the US literally invaded venezuela at the beginning of this month and acquired military and mineral rights to greenland and everyone is worried about usd debasement like the US won't start going hard power mode to maintain hegemony