Posts
AI & Investment Research
Way too often, I am seeing instances of analysts leveraging AI in investment research the wrong way. Yes, it is still early, and many are still learning to use it properly, but we should at the very least understand the following: 1. Claude is unlikely to generate a durable edge …
Brazilian microcap deep value
Special Situations tool for US markets
I built a free Live Feed of US special situations as part of Special Situations Digest. Real-time SEC filings, filtered down to the events that actually matter: activist stakes, going-private deals, tender offers, spin-offs, strategic reviews, restructurings, capital returns. No signup, no paywall. Check it out: [specialsitsdigest.com/live-feed](http://specialsitsdigest.com/live-feed)
Return the Dividend
I believe that there's a compelling case to be made that if companies like Adobe or Paypal were to switch to dividends, away from buybacks, their stock prices would benefit. This has to do with the terminal nature of buybacks. Making the switch to dividends lowers the duration of the …
Mispriced Stocks & Pitching Stocks
[https://substack.com/home/post/p-192858879](https://substack.com/home/post/p-192858879) Any criticism here is appreciated. I hope it provides insight for anyone looking to start a career in public equities.
Founder of Citron Research Found Guilty of Scheming to Manipulate Stock Market via Media Campaigns
The US economy is booming
The Mechanics of Preferred Equity
Lost Decades
I took a look at the history of lost decades in U.S. markets. In the past, I found that the excess cape yield (no inflation adjustment) does a pretty good job of predicting forward excess returns. So, I wanted to see if we can use the same metric to predict …