Thor

Dad, institutional investor, part-time thinker and man with hammer. Nails. Nails everywhere.

[Thor @thorabrahamsen]

@GavMcCracken Sir, that’s a tree.

[Thor @thorabrahamsen]

Since Medallion’s edge is (most likely) niche and non-public dataflows, theoretically AIG won’t matter, since it will take 20+ years to build up the same data. But if AIG happens it wouldn’t matter, since markets would cease to exist in the current form. Base (and perhaps best) is that they keep printing.

[Thor @thorabrahamsen]

Now, did they push the FX rate too much through low rates and policy choices? Yes. The resulting increase in inflation is a «tax», but the unions ensure that real wage growth was positive. regulations, policies and tax increases have increased structural inflation on top of the FX «tax» and they’re now probably beyond the point where they can increase taxes further. It is political ineptitude and short term politics which is the problem, not willing debasement of the currency through printing of money. That’s a problem for the US, not Norway.

[Thor @thorabrahamsen]

@EGHaug Since Norway doesn’t have debt, beyond what’s needed for a liquid reference rate curve (by law), nor a budget deficit, they don’t or can’t «print money». Primary deficit is covered by SWF, M2 increases through private credit creation. Rates too low 2010-2022 is the cause.

[Thor @thorabrahamsen]

@MlleMalin Morsomt, eller ironisk, at markedsprisene for appelsiner i EU er ned 50% i år. https://t.co/Tv5KfRJDXf

[Thor @thorabrahamsen]

Kiloprisen på USDA prime grass fed beef, som er tilsvarende norsk kjøtt (men med mer antibiotika) er $70 per kg (Ribeye, $35 / lb, March 2025). On du går til en skikkelig butikk ( Rema selger på pris, ikke kvalitet) så får du norsk ribeye med mindre antibiotika for samme pris. Og i dagens verden er nok lokal matproduksjon bra, gitt sikkerhet. Så mye å forbanne seg over mat systemet i Norge, men kjøttet er ikke nødvendigvis det verste.

[Thor @thorabrahamsen]

@volsupply «Nei, dette er feil, kostnadene har økt fordi vi investerer så mye» sier konsernsjef for konsernstaber. Problemet er tydeligvis ikke et esende ledersjikte iallfall! 🤣

[Thor @thorabrahamsen]

With an average investment period of 2-3 years, then a harvesting period of 3-4 years for a holding period of 5-8 years for a private credit fund, any allocator who use it against shorter term liabilities deserve to blow up. Also priced quarterly with a 3 month lag. Would cause losses, but too slow moving to cause a liquidity event.

[Thor @thorabrahamsen]

@blondesnmoney Always was. Japan in the years leading up to 2008 was the sensible travelling salesman who stayed up in his hotel room drinking water whilst everybody else was downstairs at the party, but still ended up with a hangover.

[Thor @thorabrahamsen]

@MKRocks @CendanaCapital If everyone had AGI agents, why would you even need to invest with Cendana in the first place?Why would you even need human LPs for that matter? The irony in all this is that a true AGI wouldn’t take the jobs from the lowest paid, but from the highest..

[Thor @thorabrahamsen]

@kcambrecht Spotted this yesterday via @Mike_Taylor1972, did a quick read and jumped in. Alas, not with both feet, but still nice today, so just wanted to say thanks.

[Ed Conway @EdConwaySky]

🦋The butterfly effect💻
How a hurricane hitting North Carolina could trigger consequences that cascade across the global economy.
📽️My three minute explainer on the consequences of flooding at Spruce Pine for the semiconductor industry 👇

[ToffCap @ToffCap]

And we're out with Toffcap Monday Monitor #32, our overview of interesting event-driven trades and companies🔥

It's once again packed with a LOT of interesting action 💪

Check it out @ToffCap (no paywall)

Friends, it takes a lot of effort to provide this service (for free!). We would appreciate if you could share this post for more visibility.

$WEB $MRL $TRP $SITC $LBTYA $LSXMA $ME $BOOM $URB $HELE $WEX $BBW $GRRR $ZDGE $IRDM $ASLE $PENN $TMCI $INBX $HTLD $FRD $WED $AGYS $VHI $INPST $FAL $BNN $PTEC $HRBR $TALK $ABCP $BHIL $VSTS $GLT $ENFN

[Thor @thorabrahamsen]

@PepsiGro @OleAsbjoernNess @abrenna Absolutt, bare se på Tyskland. 👍🏻

[Thor @thorabrahamsen]

@OleAsbjoernNess @PepsiGro @abrenna Man skulle tro at siden energitilgang øker produktivitet, så kunne staten betalt dette gjennom Oljefondet, siden det vil motvirke eventuell inflasjon. Også kunne de fjernet MVA på nettleie, om de ville redusere trykket på innbyggerne. Men det er vel ikke det som er meningen.

[Thor @thorabrahamsen]

@volsupply Mye muffens, og innsides lav sannsynlighet for at det bare er en tilfeldighet, og man får nok aldri vite hele sannheten. Men slike ting skjer nok oftere enn man tror.

[Thor @thorabrahamsen]

@volsupply Og ikke bare det, men kollegaen som ble frifunnet sammen med han ble påkjørt og drept….samme dag…. https://t.co/GJYhFsviN2

[Thor @thorabrahamsen]

@MagnusVieSundal Fra seminaret i dag - ok, bank i dag, forsikring i morgen tipper jeg.

[Thor @thorabrahamsen]

@MagnusVieSundal Hei Magnus, hvor fikk du dette fra? Kan ikke finne noe på nettsiden deres?

[Ed Conway @EdConwaySky]

I went to one of the world's biggest glass factories & it was REALLY cool.
Here's what I saw👇

The factory is the @Encirc plant in Cheshire.
It's enormous. Acres & acres.
If you poured anything from a glass bottle in the UK this Xmas there's a good chance it came from here...
🧵