Luden

I can never have my fill of killing whores

[Luden @ArbitrageIsSexy]

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

[Luden @ArbitrageIsSexy]

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

[Luden @ArbitrageIsSexy]

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. 🧵

[Luden @ArbitrageIsSexy]

Now’s the perfect time for a reread, can’t believe IJ is 30 years old now.

20th anniversary edition is still the best cover.

[Luden @ArbitrageIsSexy]

@ShawnRyan762 Are you talking about your career and rise as a podcaster?

[Luden @ArbitrageIsSexy]

@isaacturnersong No stay away from me you perverted fuck

[Luden @ArbitrageIsSexy]

Got burned bad short selling last year, switched to LO in May. New year new game, dusting off this classic before I build the short book for the year.

[Luden @ArbitrageIsSexy]

“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.🧵

[Luden @ArbitrageIsSexy]

Lot’s of M&A arb opportunity right now in the PNW regional banks for those who are patient. Writing up a full report soon.
$RVSB $FNWB $SFBC $TSBK

[Luden @ArbitrageIsSexy]

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