2.9 Billion From Customs, 2.6 Percent in the Store: Why Walmart’s Record Margin Cost the Stock Six Percent
On Thursday morning Walmart posted a set of numbers that looked almost too good on paper. Revenue for the second […]
Buy at Eight, Trade at Thirty: The Arithmetic of Serial Acquirers
In the first half of 2026, Sweden’s Lifco spent 928 million kronor buying companies and acquired roughly 110 million kronor
5.33 Percent for 30 Years, 2.3 Percent of Expected Inflation: What Actually Got More Expensive at the Long End
Brent crude traded near $91 a barrel on Tuesday morning, and that appeared to explain everything. Talks between Washington and
One Stock, Three Doses: What Micron Meant at Coatue, Appaloosa and Situational Awareness
Three of the best-known addresses in American asset management reported the same stock on 14 August. All three held it
$1.66 Billion of Protection: Oaktree’s New Index Puts Don’t Mean What the Number Says
The largest line in the 13F that Oaktree Capital Management filed on 14 August for the second quarter of 2026
17,362 Shares Became 4.83 Million: The 13F That Describes a Portfolio That No Longer Exists
On Friday, 14 August, a firm called Situational Awareness LP filed its Form 13F with the Securities and Exchange Commission.
30 Percent of the Wafers for 13 Percent of the Bits: The Memory Shortage Is an Allocation, Not a Scarcity
On Monday morning Micron Technology came within a few dollars of trading above $1,000 a share for the first time
$580,504 in New Names, $16.8 Billion in One: Berkshire’s Quarter Is a Single Decision
Shortly after four o’clock on Friday afternoon, a document that an entire industry had been waiting on for weeks appeared
The Patent Cliff Is a Slope: What Really Happens to the World’s Biggest Drug in 2028
In December 2023, adalimumab biosimilars held 79 percent of the German market. In February 2024, they held four percent of
Down 0.6 Percent in the Store, Up 23 Percent in the Portfolio: The Russell 2000 Is Trading Rates, Not Revenue
On Friday the Commerce Department reported the weakest month for American retail spending in more than a year. July retail