Enjoy!
(i) Will Thorndike - The Power of Long Holding Periods
“Will Thorndike is author of The Outsiders and host of 50X. We cover the hallmarks of great compounders, how the best serial acquirers deliver outsized returns, and what he's learned about developing conviction.” Loved this interview. Also: Complexity Investing: Brinton Johns and Brad Slingerlend Thoughtful framework from NZS Capital.
(ii) Acquired: The Complete History & Strategy of Walmart
The complete history & strategy of Walmart via the acquired bros.
(iii) How to Lose Money in Derivatives: Examples from Hedge Funds and Bank Trading Departments
“To illustrate, we discuss the specific cases of Long Term Capital Management, Niederhoffer’s hedge fund, Amaranth and Société Genéralé.” #YOLO
(iv) How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments
“China is the world’s largest official creditor…”
(v) Twitter thread on the legal implications of the Tornado Cash sanctions.
Also see: Quinn Emanuel: SEC’s Novel Insider Trading Theory Casts Long Shadow.