Posts
Big bets and broken unicorns: Tiger Global’s rise and reckoning
Lithium majors: an asset by asset profitability analysis
Clustered 10b5-1 plan adoptions at Wave Life Sciences, normal or notable?
I’m looking for feedback from people who’ve looked at insider trading patterns before. Wave Life Sciences (WVE) stock jumped \~3x on December 8 following positive interim trial results. On that same day, 8 executives/directors executed stock sales under 10b5-1 plans. I understand the same-day execution is plausibly explained by price-based …
City Brewing: A Hard Seltzer LME Hangover
RadNet: The AI Story That Doesn’t Add Up
Foundations: The Big Short Squeeze
Meta: Metaverse Cuts Are Not The Story. How It Affects AI Spend Is
# Introduction The reported cuts to the Reality Labs’ budget have likely been overstated. First, it is unclear how big the cuts are and which part of Reality Labs they affect. Will it just be VR and the Metaverse, or will augmented reality (smart glasses) be included? Reports are of …
The Mechanics Of Significant Risk Transfers (SRTs)
Hey all, Just published a deep-dive primer on SRTs and how banks are using them to hedge AI infrastructure financing risks. What's covered: - How SRTs actually work (SPV structures, CLNs, tranching mechanics) - Real deal math: how Deutsche Bank achieves 63% capital relief on a $10B portfolio - Why …