Liberty

Haha, no, he sent me a mug with his logo last year, but that's about it. I've just loved him and his stuff since I found it in 2017, and because I love sharing what I like, I've been shouting about it from rooftops since.

I hope you enjoy it, let me know what you think! To be clear, it's a written interview, no audio (it's more work, but I think David went much deeper into many things because he spend a few days thinking about it, so that's a big bonus).

Harris acquired Commerce Decisions from QinetiQ (U.K.) "a market leader providing software and consultancy services to enable some of the largest and most complex procurements around the world." Acquired by QinetiQ in 2008 £8.3m revenues £10m purchase price Founded in 2001 96% customer retention 240k individual users Focus on complex procurement Another one at Harris: Harris acquired Genial Group (U.K.) "delivers innovation in diagnostic and clinical process data management systems to a global roster of clients." "a highly regarded genetic laboratory information management software provider" 35k+ software users licenses 35 employees h/t @pearnick

Oh, I gotta see that. Adding it to the list. Watched the 1st ep of 'The Queen's Gambit' (2020, Netflix). So much praise for it lately, expectations were a bit high. But so far it's really strong, lots of good moments, I like the actors. Not quite sure where it's going yet, I hope they side-step the usual orphanage tropes.

Harris acquired Commerce Decisions from QinetiQ (U.K.)" "a market leader providing software and consultancy services to enable some of the largest and most complex procurements around the world." "Acquired by QinetiQ in 2008 £8.3m revenues £10m purchase price" "Founded in 2001 96% customer retention 240k individual users Focus on complex procurement" https://commercedecisions.com/ h/t @pearnick

I wrote a fairly lengthy piece about Apple's ARM chips, it's under the 'Science & Technology' section of this: https://libertyrpf.substack.com/p/50-my-thoughts-on-apples-arm-macs I thought it may interest some here.

Apple just announced its first Macs with its own chips replacing Intel's. Here's some of my notes/reactions in a thread, for anyone interested: Official specs here: https://www.apple.com/mac/m1/

Hey, I did an interview with the excellent business analyst David Kim, who publishes his company and industry deep-dives on his site, Scuttleblurb.com: https://libertyrpf.substack.com/p/interview-with-david-kim-aka-scuttleblurb He talks a lot about his work at a L/S hedge fund, his investment philosophy, research process, building his business, etc. I thought some here may find it interesting. Thanks!

Thread on vaccine trial:

https://www.bloomberg.com/news/articles/2020-11-05/visa-said-to-face-u-s-antitrust-suit-over-plaid-acquisition Lawsuit filing: https://www.bloomberglaw.com/public/desktop/document/vVisaIncetalDocketNo320cv07810NDCalNov052020CourtDocket?1604591040

Two new acquisitions: TSS in Sweden: Jonas in Canada: h/t @pearnick

https://yetanothervalueblog.com/2020/11/quickie-idea-alaska-communications-alsk.html

Yeah, R&D effectiveness has to be taken into account. How much is Twitter spending on R&D?

Q3 is out: https://www.csisoftware.com/docs/default-source/press-releases/q3-2020-shareholder-report.pdf CSI return on capital and on equity for the past 10 years:

Volaris acquisition in the UK: https://trapezegroup.co.uk/blog/taranto-systems-limited/ "3000+ users Used by over 60 central and local government in the UK" h/t @pearnick

I enjoyed this podcast about Google Maps: https://www.acquired.fm/episodes/google-maps Also, I did an interview for the 1st time ever. Apologies if it's a jumbled mess:

Currently re-watching Mad Men, which is great. Hearing good things about the mini-series The Queen's Gambit, but haven't seen it yet.

They provide easy-to-set-up-and-use infrastructure to retailers, basically.

I wrote something here about Apple potentially getting into search (some speculation about that lately, partly because of the google antitrust which may stop the huge TAC payments google makes to Apple). I thought it may interest some: https://libertyrpf.substack.com/p/45-my-thoughts-on-apples-search-engine

Q3: https://ir.charter.com/static-files/93d982e4-a092-4c44-96ff-6b989b52b826 Rutledge extended his contract to 2024, which is good news.

https://english.elpais.com/society/2020-10-28/a-room-a-bar-and-a-class-how-the-coronavirus-is-spread-through-the-air.html

Q3: https://s1.q4cdn.com/050606653/files/doc_financials/2020/q3/Visa-Inc.-Q3-2020-Financial-Results-Presentation.pdf

New fintech acquisition for Visa: https://investor.visa.com/news/news-details/2020/Visa-to-Acquire-YellowPepper/default.aspx

MSFT Q3 (fiscal Q1): https://www.microsoft.com/en-us/Investor/earnings/FY-2021-Q1/press-release-webcast

https://www.wsj.com/articles/visas-planned-purchase-of-plaid-faces-antitrust-scrutiny-at-the-justice-department-11603819000