Chamath says he’s trying to give retail investors a chance to invest in young high growth companies.

Hold on to your wallet.
Throwing in a little Chinese marketing for good measure.
“Reminds me of Bitcoin, Amazon, Tesla”

Somehow left out Netflix and Apple
CNBC adds SPAC reveal theatre as a whole new genre of pumps it enables.

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More from @DonutShorts

14 Jul
1/Creekside Gahanna, mixed use center in Gahanna, OH delivers a donut on the resolution of its 2014 CMBS loan.

Hatched as a redevelopment project for city owned land in downtown Gahanna in 2003, the winner bidder for the project sunk $60MM into it with a grand opening in 2008.
2/Despite a full 15 year tax abatement the Texas donut style condo never sold, and the occupancy cost of the retail space proved unsustainable.

It was sold in a foreclosure sale in 2012 for $10.5MM

It was later refied (or perhaps flipped) in late 2013 with a $25MM loan.
3/That loan in turn defaulted after 8 months. As of May 2020 , the commercial space was 76% occupied, and the MF was at 94%.

In its best year, the complex delivered 50% of the underwritten NOI.
Read 7 tweets
23 Jun
1/ There is a very low bar to become a sell side analyst these days.

That said, those that refuse to consider multiple signs of fraud and lead their clients to massive losses need to be called out.

Now unfolding, a thread reviewing Heike Pauls coverage of $WDI
2/ January 2019, Pauls' reaction to a well documented and sourced story by @FD is to label it "fake news"
3/ In April 2020, Pauls claimed she knew $WDI inside and out, and labelled the @FT 's allegations "konstruiert" which seems to translate as "contrived"
Read 10 tweets
18 Jun

1/The reality of the Wirecard fraud is now unavoidably obvious for even the most blinkered of observers.

There are profound lessons that should emanate from the story

But first, let’s call out the winners and losers:

@FD Dan McCrum has literally been on this story for years, and became the subject of a criminal investigation in Germany as a result of exposing the truth of Wirecard. He’s an exemplar of investigative journalism.

Winners con’t:

@FT For supporting @FD and standing by their reporting when the full weight of the German justice system was arrayed against him and the paper. Bravo.
Read 66 tweets
6 Mar
Sentiment check: Things are getting medieval in the bond market

This is today's yield curve vs yesterday, change in bps in the bottom panel.
Sentiment check: Hot Headlines in the last 45 minutes:
Read 5 tweets
22 Feb
News from South Korea, not improving

h/t @TESLAcharts for the graphics
4th largest S. Korean city on lockdown.

Premier calls situation "grave"
Israel slams the door on S. Korean tourists
Read 5 tweets
29 Jan
The suppression of unflattering facts is key to the CCP's grip on China and will ultimately lead to its undoing.

The #coronaravirus seems to be putting a significant dent in its credibility with the folks on the ground in Wuhan.…
Read 4 tweets

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