Keep pulling the thread on Timeless Wisdom.
Activist investor Boaz Weinstein has publicly stated that he is considering making a tender offer for Blue Owl Credit Income Corp.
If Boaz Weinstein were to make a tender offer for Matt Levine's shares in a Blue Owl fund, the price would be 65 cents on the dollar.
An anonymous hedge fund manager, quoted in 'Diary of a Very Bad Year', asserts that during a financial crisis, investment correlations approach 100%, leading to a severe time crunch for managers.
Matt Levine states that in foreign exchange markets, the economic theory that currencies with higher interest rates should depreciate 'never works at all' in practice.
Matt Levine asserts that Bill Gross was forced out of PIMCO after he angered senior managers by demoting them in a meeting's seating arrangement.
In the 2010s, rainfall could disrupt microwave data links between Chicago and New York, which paradoxically increased market liquidity by slowing down high-frequency traders.
According to a theory of ESG investing cited by Matt Levine, the 'Governance' (G) component is the primary driver of superior financial returns.
Matt Levine argues that the primary function of the public stock market has shifted from raising capital for companies to returning capital to shareholders.
The trend of IPOs being primarily for investor liquidity is reversing with large AI companies, which require substantial capital infusions to fund their operations.
A high stock price can help a company defend against activist investors like Carl Icahn and hostile takeovers.
Matt Levine argues that the price movements of meme stocks provide distorted and unreliable signals for capital allocation to company executives.
Following its massive stock price increase, GameStop hired executives from Amazon and launched a variety of new corporate projects.