The Rational Cloning: Weekly Ideas #53
Just Tweets That Make You Go… Hmm 🤔
Welcome to the 53rd edition of the Rational Cloning Newsletter (Weekly Ideas Series).
Helping you discover the best ideas of others.
Happy cloning.
Tweets That Make You Go… Hmm 🤔
Re: Inflation/Real Estate-Around The World In 90 Minutes.
Last week, I participated in a private panel for global Real Estate entrepreneurs/investors. This thread summarizes some of my key learnings without attribution to specific speakers/firms. (THREAD)
Full-on crash mode.
Retail traders spent $18 billion buying put option protection last week, a record.
They're holding $46 billion worth of index futures net short, a record.
Leveraged traders are betting on very, very bad things happening very, very soon.
Munger at $DJCO in February on why this inflation cycle will likely be different than the 70s and why controlling inflation is worth causing a recession.
1/ On July 26, 1941, President Roosevelt seized all Japanese assets in the US and imposed a strict oil embargo on the country. Britain and the Dutch East Indies – the colonial predecessor to modern-day Indonesia and a major oil supplier to Japan – quickly followed suit.
It's kind of incredible how much natural gas generation capacity was installed in the early 2000's. I feel like I should know this, but what drove that?
Outstanding speech by @aramco CEO on energy ignorance, the exhaustion of spare capacity, and the ongoing lack of sufficient capital investment. We remain bullish. aramco.com/en/news-media/…
Asia/EM equity/global macro 🧵
The Indian rupee explosion tonight is hands down the most important move in Asia happening and nobody seems to notice. This is an ENORMOUS development if you know how the RBI operates.
1/10 https://t.co/K84ikyDtU3
Paulo Macro @PauloMacro
Said it before and I’ll say it again
If you’re young, employed and a net saver, large declines in assets prices is a best case scenario
LT forward returns are much higher today than they were this time last year
I'm a big fan of the yet another value podcast and listen every week. I started to get interested in how the stocks pitched have performed. Here's a table of the results since airing best I can tell for episodes this year - punchline is ~even with indices (1/3)
Value Investing & Inflation: A Primer
"Inflation isn’t a blanket “good” or “bad” for stocks. It’s company-specific." @marketplunger1
GMO: “During the last bout of significant inflation, commodity equities were a good store of value. Effectively, you were buying cheap real assets. This is like being offered inflation insurance at a discount. ”
