Luxury Brands Exploit Status by Overpricing Simple Objects
I have a theory that most luxury brands are actually trolling customers just to see what they can get away with. $7,000 dollars for a flask. 'How much status value can we wrap around a fundamentally ordinary object?' No shot this cost more than $1 - 1.5k to make. https://t.co/A82XXbjZeg
Price Drives Narrative, Not Just Reflects Reality
I wrote something internally awhile back about reflexivity, given what's taking place in software. Everyone knows the idea, price doesn't just reflect perception, it can shape it. When a stock is working, the questions / work is much more optimistic....
Duolingo Stock Mispriced, 132% Upside Target
New post: a detailed research report and writeup on Duolingo. We believe $DUOL is mispriced and offers asymmetric risk/reward from today's price. Our base case is around $210/share, or 132% upside. https://t.co/EWAe0WXpFI
Deal Undervalues Secure, Shareholders Lose Billions
If this deal goes through as written, it's an incredibly disappointing outcome for $SES.TO shareholders. Our base case was C$34/share using conservative assumptions. Instead, shareholders are being asked to sell a scarce, high-quality waste infrastructure asset for C$24.75/share, mostly in GFL...