THE LATEST ARTICLES
MEDIA
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August 14, 2022
Barbarians at the Times
More notes on ValueAct’s Sulzberger love tap, plus Rivian’s latest correction, and Elon’s Twitter liquidity headfake.
WALL STREET
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August 10, 2022
A Defenestration at the House of Rubenstein
Yes, Kyrsten Sinema has extinguished any fears of closing the carried interest loophole. But the real story out of Washington that Wall Street cares about is what went down at Carlyle. So here goes…
WALL STREET
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August 7, 2022
Zaz Optionality and Elon’s Complaint
Wall Street’s sharp heel turn on Warner Bros. Discovery has media insiders envisioning an M&A Hail Mary. Plus notes on Musk counter-suing Twitter, Sinema bailing out private equity, and Adam Aron’s APE dividend gimmick.
MEDIA
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August 3, 2022
The Next Media Deal of the Century?
Tom Rogers, the cable legend, envisions an ambitious and elegant hypothetical: What if Brian Roberts and David Zaslav cook up a merger to compete with Apple and Amazon?
WALL STREET
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July 31, 2022
Lina’s Wrath & The Carried Interest Wars
Notes on what everyone is mumbling about on Wall Street: Buffett’s boffo earnings, more of “the dead cat bounce,” Lina Khan’s Meta example, and the Ackman diatribe of the summer.
WALL STREET
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July 27, 2022
A Love Triangle Only Wall Street Could Love
Revisiting an endless scorched-earth FINRA saga that could only take place in the culture’s most bizarrely regulated industry. Merrill, Wells Fargo, Greenberg Taurig, Lowenstein Sandler: this has ‘em all.
WALL STREET
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July 24, 2022
Elon, Cathie Wood & The Dead Cat Bounce
Notes on the Elon suit and recession anticipation, among other Wall Street dish and concerns.
WALL STREET
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July 20, 2022
Fantasy Netflix M&A
After a less disappointing second quarter earnings report, Netflix appears to be vectoring in the right direction. And yet the stock is still trading 64 percent below its peak, and its officers and directors only own 2.4 percent of its shares in a single-class structure. It could be a pretty appetizing target in a rapidly consolidating entertainment-tech ecosystem.
WALL STREET
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July 17, 2022
The Case Against Elon
The depths of Musk’s legal troubles are clearly laid out in the complaint that Twitter’s attorneys filed in Delaware this week. The legal war is just starting.
WALL STREET
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July 13, 2022
What Is Warren Buffett Thinking?
While so many asset managers are titillated by post-correction Big Tech stocks, the Oracle is doubling down on… oil and gas? Will the asset-heavy, lower multiple play be his ultimate zag?