Posts
Forest Industries II: North American Wood Products
Very few industries are going through a downcycle as vicious and lengthy as the wood products industry in North America. In many segments and regions, adjusted EBITDA has either been breakeven or negative for three years already. At the same time, it is an industry with leverage on the construction …
Michael Mauboussin - Competitive Advantage Period
The coming El Niño of 2026
Are you invited to the house-warming party? Fannie Mae and Freddie Mac
Q1 2026 Letters & Reports
Investment Firm | Return | Date Posted |Companies ---|---|---|--- [Howard Marks - Whats Going On In Private Credit](https://www.oaktreecapital.com/insights/memo/whats-going-on-in-private-credit)| | April 13| [JDP Capital](https://jdpcap.com/wp-content/uploads/2026/04/1Q-2026-Investor-Letter_final-1.pdf)| -15.1%| April 13| MELI, CZR [Desert Lion](https://mcusercontent.com/2b965ce88104d672785279e80/files/a664dea4-3dd8-ba33-862e-249cbaa8fc33/2026_03_Desert_Lion_Investor_Report_March_2026.pdf)| 6.5%| April 15| [East72](https://east72.com.au/wp-content/uploads/2026/04/E72DT-Quarterly-Report-March-2026.pdf)| -4.6%| April 15| VIRT [Greenlight Capital](https://seekingalpha.com/article/4890379-greenlight-capital-q1-2026-letter)| 6.5%| April 15| DHT, CNR, KD, GPK, VSNT, CROX, SLM …