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This is an excerpt from our latest Month In Macro report that was shared with all of our Bespoke and Research Suite Subscribers. Below we explain the primary drivers of total returns of a Treasury security (policy rates, policy rate expectations & term premia) and isolate the drivers of excess returns (policy rate expectations). Consequently,
... See morePrometheus Research • Treasury Markets: Policy Rates & Term Premia
Do want to know what to look for in an equity investment if you want to succeed in the long run?
Read this article by François Rochon.
François Rochon runs Giveryn Capital which has returned 15.7% annually since 1993. https://t.co/BLbcBe1vzJ
napoleon bonaparte’s heir runs a search fund to buy small cap services business https://t.co/NGMTYppewu
"Warren Buffett, the billionaire head of Berkshire Hathaway, will probably go down as the greatest investor in history... Berkshire shares have seen an average annual return of 20.0%..."
Meanwhile: https://t.co/7PGgpZta63
NY Times
Víctor Martínez • 1 card
I was having drinks with a founder buddy last night (200+ person org, $80m ARR) and they've now implemented a "no Bay Area sales talent (AEs, leaders)" policy after contending with unending amounts of entitlement, whining, and low integrity behavior.
Midwest, mountain west, south, and northeast only now.
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Peter Kazanjyx.com$ISRG looks interesting. System placement mix was 80/20 sale to op lease in '17, was 30/70 in most recent q. Removing capital barrier is driving inflection in instrumentation sales. Feels equivalent to perpetual license to SaaS transition - obvs worked for most software cos.
Refrigerator Capitalx.com