Liberty

Whoa

https://finance.yahoo.com/news/dupont-considers-sale-biosciences-unit-182425104.html "DuPont Considers Sale of Biosciences Unit That Could Fetch $20 Billion"

I thought this was a good one: http://www.collaborativefund.com/blog/laws/

CSU Q2: https://www.csisoftware.com/docs/default-source/press-releases/csi---press-release-q2-2019---final.pdf Ex-FX, CSU's organic growth for licenses and maintenance were 8% and 4% respectively in Q2. It's professional services and hardware (lower ROIC, less valuable businesses that they sometimes cut on purpose after acquisitions) that dragged things down. Looks solid to me. Private sector organic growth of licenses ex-FX was 20% in Q2. That's after being 11% and 18% the previous two Qs sequentially. Some big sales going on there...

TSS buys one in France: https://www.globenewswire.com/news-release/2019/08/01/1895625/0/en/Total-Specific-Solutions-a-Constellation-Software-Company-Completes-Acquisition-of-Salvia-Développement-SAS.html "a French provider and integrator of software solutions for private companies, real estate- and local public entities."

New acquisition at Volaris, this one in Australia: https://www.volarisgroup.com/news/article/volaris-group-welcomes-valuepro-to-property-valuation-vertical h/t @pearnick

Yeah, it's kind of a bummer... But a useful one If you don't want to cry in front of your kids, don't read them 'Love You Forever' by Robert Munsch at bedtime: https://www.amazon.ca/Love-You-Forever-Robert-Munsch/dp/0920668372/

It's like the Scorpion and the Frog. It's not in his nature. He'd probably sell all his longs at the wrong moment if he didn't have a bunch of shorts and hedges to hold his hand, because he sees a catastrophe around every corner. That's my guess, anyway...

We just had a tax reform that had companies bring back a boatload of cash to the US where it can be used for buybacks.

Yeah, but isn't that like Adjusted EBITDA returns? He would've done great except for all the losses and bad stuff that actually happened...

Energy investing is hard. I wonder if they owned this company. https://s.wsj.net/public/resources/documents/Equinox%20letter.pdf?mod=article_inline

Negative people always sound smarter than positive people. But the goal isn't to sound smart, it's to be as correct as possible.

CHTR Q2: https://ir.charter.com/static-files/e0f7c07a-b669-4978-a22c-3ee1e42b958b https://ir.charter.com/static-files/2eef69f2-d3d2-471c-8555-a7c3e4d47557 "In the second quarter, free cash flow grew nearly 40% year-over-year" Cable FCF was up 53% (taking out the startup costs of the wireless segment, which is just ramping up).

If you like Dr. Satchin Panda, I've heard a couple of his interviews with Rhonda Patrick (she interviews a lot of interesting people and she's very smart): https://www.foundmyfitness.com/episodes/satchin-panda https://www.foundmyfitness.com/episodes/satchin-round-2

Q2: https://ir.aboutamazon.com/system/files-encrypted/nasdaq_kms/assets/2019/07/25/15-04-00/AMZN-2019.6.30-EX99.1_072519_12pm.pdf

https://newsroom.intel.com/news-releases/intel-smartphone-modem-business/#gs.s2b0t2 Apple to Acquire Majority of Intel’s Smartphone Modem Business (for $1bn)

One at Vela in Australia: https://independentsolutions.com.au/vela-software-group-acquires-independent-solutions/ H/t @pearnick

This is big. Says he's be advisor, but still: https://www.cnbc.com/2019/07/24/tesla-says-cto-jb-straubel-is-moving-to-advisory-role.html

So you're saying there were many problems, some quite obvious (lack of fuel, cold weather), which led to another less obvious one (wires eaten by mice)... It's almost as if Housel used only one small part of a much larger and more complex story to quickly illustrate a point because his real point was about the nature of forecasting risk rather than about writing a book-length chapter about a specific WWII battle. Welllookathat... I mean, I get you're a history buff and these types of reductionist anecdotes grind your gears, but you're the one missing the forest for the trees here. I think you could've added the detail you've added as a "here's the rest of the story, isn't it cool and more complex than it seems" rather than attack Housel and claim that it somehow invalidates his broader points.

Volaris published something on their acquisitions so far this year: https://explore.volarisgroup.com/acquisitions/h1-2019-acquisition-update

Do you think AWS got the chance to bid on this contract? No But I also don't think Azure got the chance to bid on hosting Amazon.com

Thank you

Q2: https://s1.q4cdn.com/050606653/files/doc_financials/2019/Q3/Visa-Inc-Q3-2019-Financial-Results.pdf https://s1.q4cdn.com/050606653/files/doc_financials/2019/Q3/Visa-Inc-Q3-2019-Financial-Results-Presentation.pdf

Good essay by Morgan Housel about risk: https://www.collaborativefund.com/blog/nobody-planned-this-nobody-expected-it/

Acquisition at Harris: https://www.harriscomputer.com/en/news/?data-ipsquote-timestamp=1563854400&article=harris-rsquo-local-government-division-acquires-ims-enterprises-inc- h/t @pearnick