Most of the time the subjects of my writing are more similar than they appear. They rhyme with or operate in the same ecosystem as something I’ve looked at in the past, so I can leverage prior knowledge to understand them. But every so often, as in the case of Dow DuPont or Nvidia, I […]
Soon after I published a bullish post on APi Group last week, a few Twitter people hinted that the company might be playing games with their organic growth (as always, thank you for the pushback). I looked into this a bit and noticed the following footnote in an 8-K dated Feb. 15, 2021 announcing preliminary […]
I was going to combine APG and APH into a single write-up but now I’m breaking them up into two shorter ones…so APG today, APH next week. Every few months on FinTwit there is a new stock or two outside the big tech complex that is heaped with adulation and sucks all the oxygen out […]
Original post: some thoughts on Charles Schwab, published Mar. 12, 2023: In The Media Very Rarely Lies, Scott Alexander writes: the media rarely lies explicitly and directly. Reporters rarely say specific things they know to be false. When the media misinforms people, it does so by misinterpreting things, excluding context, or signal-boosting some events while […]
I have a post on APi Group and Amphenol coming toward the end of the month but before then I wanted to offer some thoughts on Charles Schwab. Nothing here is investment advice. Last week I was joking with my friends LibertyRPF and MBI that Twitter felt like a time machine taking me back to […]
Most distressed investors merely live in the darkness; Apollo was born in it. Following the epic collapse of Drexel Burnham Lambert, the high-flying investment bank that filed for Chapter 11 in 1990 after pleading guilty to securities and mail fraud, a triumvirate of bankers from the defunct firm – Michael Milken protege Leon Black and […]
Block (SQ) I once argued how by taking the problem of merchant payments acceptance seriously, Block knew to start with what must at the time have seemed like the most commoditized part of the payments stack, card readers, when everyone else was obsessed with software. Cheap plastic dongles combined with transparent pricing and no contracts […]
Hi everyone, scuttleblurb is now on Substack (link). You don’t need to do anything. scuttleblurb Substack will have the same content as scuttleblurb Classic and I will continue to run both versions of the site. If you prefer to read on Substack, here’s what you should do: cancel your scuttleblurb Classic subscription (link) sign up […]