This is a new series we are launching today to highlight interesting developments in the world of investing, global events, entrepreneurship and health that occurred this week. We are doing this through a series of curated Tweets and will add other sources over time. Starting this week, we have increased the frequency with which we publish on Inside Arbitrage. If you are an existing subscriber, you can login to the InsideArbitrage.com website to adjust the kinds of articles you receive by email by turning on or turning off specific categories of articles.
Investing
Will the U.S. Dollar retain or lose its reverse currency status? Point from FT and counterpoint from CNN.
FT View: For now, the US dollar’s status as the leading global reserve currency is assured. It still makes up a majority of foreign exchange reserves and dominates trade invoicing. Treasuries are the safe asset of choice for global markets https://t.co/UnOFgNuBDN
— Financial Times (@FinancialTimes) April 6, 2022
After nearly 80 years of dollar dominance, the US might be in danger of losing its global reserve currency status.https://t.co/jatutLARvh
— CNN (@CNN) April 4, 2022
Should Elon Musk have filed a 13-D with the SEC considering he was already in talks with Twitter (TWTR) to join its Board of Directors following his 9.1% stake in the company?
$TWTR stock is up after yesterday’s news of $TSLA CEO Elon Musk joining the board of directors. @JimCramer and @DavidFaber analyze Musk’s recent moves@CNBC pic.twitter.com/douflWq0HZ
— Squawk on the Street (@SquawkStreet) April 6, 2022
Some underperformance in recent years but if we are heading back to an environment where valuations matter, an investment firm worth paying attention to.
Giverny capital flies under the radar, but this is one of the most impressive modern records I’ve seen. Very difficult to find managers who can last 28 years, let alone put up these absolute and relative numbers. Winning in multiple market environments. Hats off. pic.twitter.com/3kzFQY1fU7
— SouthernValue (@SouthernValue95) April 6, 2022
Change Healthcare (CHNG) and UnitedHealth Group extended the date of their merger and Change Healthcare agreed to pay a $2 per share special dividend at or near closing. We will discuss this more in our next Merger Arbitrage Mondays article.
Interesting M&A action today with UnitedHealth Group and Change Healthcare decided to extend their merger date to Dec 31, 2022 as they prepare to battle the DOJ in court. $UNH $CHNG
— Asif Suria (@AsifSuria) April 5, 2022
Costco (COST) once again reported same store sales numbers (up 17.2% in March) that would turn any retailer green with envy. But is the valuation getting ahead of itself?
Comparatively cost is ~50% more expensive with lower profitability and lower growth rate. pic.twitter.com/If0NIadnWj
— Arsalaan (@SixSigmaCapital) April 6, 2022
Global Events
The impact of shutdowns in Shanghai and its potential to disrupt global commerce.
Day 16 of our Covid lockdown in Shanghai today and food is the key thing on people’s minds
We aren’t allowed to leave home so delivery is the only way
I was up at 6 am yesterday trying to get any kind of delivery but nothing was available all day
So far, same results today
— Jared T Nelson (@Jaredtnelson) April 2, 2022
Shanghai’s 25 million people under lockdown indefinitely. Chinese social media shows some breaking out of lockdown to protest, chanting: “we want freedom”; “why are you starving us?”
Much of the dissent is censored. Most of videos in our story were erased from the internet @cnn pic.twitter.com/QUHrfqEhiG— Selina Wang (@selinawangtv) April 6, 2022
Inflation in the U.S. while elevated, pales in comparison to what Turkey is currently experiencing.
Turkey’s March inflation rate came in at 61.14% y/y. It missed estimates of 61.50%
— David Ingles (@DavidInglesTV) April 4, 2022
Entrepreneurship
I’ve started companies both with co-founders and by myself. While it helps to have co-founders to bounce ideas off, complement your talents and share the burden of building a new company, there are also significant advantages to operating solo if you are able to build a team over time.
“Solo founders are twice as likely to succeed in business as co-founders — maybe it’s time venture capitalists reconsider their assumptions about what makes a dream team.” via @MITSloanhttps://t.co/rqETKMQbX9
— Andrew Gazdecki (@agazdecki) April 4, 2022
Great pointers from taking a speech class. Applies to teaching as well. Especially liked the advice not cram too much into the speech and to end early.
A year ago, a non-academic friend listened to a talk I gave. I thought it went great. My friend disagreed.
She said that academics are experts at making interesting stuff boring—and that we should all take a speech class.
So I did. And here are 6 most useful things I learned.
— Nicholas Coles, PhD (@coles_nicholas_) April 4, 2022
Supply and demand, and the cycles they create. Pay special attention to the macro environment even if you think the company you are building or investing in, is unique.
“The driver shortage” narrative over the past two years has caused the largest amount of startup trucking fleets in history. This is not a meme stock – these are actual entrepreneurs that have started their own trucking company. Thread 1/n pic.twitter.com/lgnO0Pi4FT
— Craig Fuller 🛩🚛🇺🇦 (@FreightAlley) April 6, 2022
Life/Health
I tried Yoga for the first time a few months ago and loved the experience. I’ll have to try Yoga Nidra next (the non-sleep deep rest referenced in the following tweet).
My top 3 science supported health practices.
1) Morning sunlight viewing. To set circadian rhythm, focus, mood etc.
2) 180-200min of Zone 2 (moderate) cardio per week. Cardiovascular health.
3) NSDR (Non-Sleep-Deep Rest; 10-30min, 3-7X per week). Stress mitigation, cognition.
— Andrew D. Huberman, Ph.D. (@hubermanlab) April 6, 2022
Watch out WeWork (WE), here comes Equinox.
an equinox membership is cheaper than a wework, has equal amenities, and you also get a gym membership.
few realize this.
— Paul Klein IV (@pk_iv) April 6, 2022
Voluntary Disclosure: I hold a long position in Twitter (TWTR) and a short position in WeWork (WE) through long-dated put options.
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