Ledecky bronze was not on my scorecard, maybe that stomach bug is going around.

On munis- a lot of them don't trade for 6m+ and then price way off on what seems like minimal news / rate changes. 57584X5K3 / Wheaton College (used to have swim meets there growing up, brother went to school there) is IG rated. 5.0% coupon / 5.9% yield. Cash covers debt 4x.

Katie Ledecky in "Just Add Water" writes about how in 2019 bad virus in South Korea impacted Worlds (amazing she swam through that). IIRC other swimmers dropped events for same reason. You would think swimming wouldn't let history repeat itself, but also hard problem to solve.

During my first buy-side HF analyst job out of college, I pitched Nvidia. It worked. The stock doubled and became my first big winner. Twenty-five years later, I wrote THE NVIDIA WAY, the first definitive business history book on Nvidia. I told Jensen Huang the story and he

Unbelievable. One of the main characters in Trials swims distance free at NCAA level and was heavily influenced by Katie's book "Just Add Water." If you're looking for good swimming reads: - Just Add Water: amazon.com/dp/1668060205 - Trials: amazon.com/dp/B0F94JLN76

Huge thank you to Emma Sachs 🇨🇦 for reading it!

Great video by Buttstroke Swimming on how fast Lochte's 200 IM WR was youtube.com/watch?v=BxDf_q… . What an amazing swim by Leon.

$FCNTX ... Will Danoff knows what he's doing $META

$VMEO Q2 thoughts - ~11x EV/EBITDA, no leverage and 40%+ of market cap in cash, self-serve growing again after three years of shrinking. They churned a big enterprise customer so enterprise slowed but is still growing 25% y/y. FanDuel, Range Rover and Spotify among wins this Q.

On positive side - the best years of USA Swimming are ahead and momentum will be perfectly timed for LA 28'. Phelps getting more involved is huge positive. Worlds seemed to instill sense of urgency on need to innovate. Bottom is in.

17 years later, inspired a book amazon.com/dp/B0F94JLN76

$EIC now a 10% discount with NAV at a four month high. From CEO yesterday: "I think I used the word cheap in the prepared remarks. So I mean, I just look at the share price... looks like it's about a little more than 10% discount right now, even close to 12%... I mean the CLO BB

Mount Logan sweetened offer for $TURN today to 110% of NAV with future tender offer 17% above Friday close ir.180degreecapital.com/press-releases… (previously, 100% and no tender for ~50% of shares). Now at 63% vote so need 3.67% more to get approval. I think the on-the-fence votes needed a lot