Some links 06/2025
Highly Recommended: Rob Vinall’s 2024 letter is out
Paul Singer is a very rare Podcast guest. So if he appears, do listen/watch. A true “living legend”.
Heat waves and droughts are really bad for GDP in the mid- to long term
Flyover Stocks with a great post on how capital cycles work (Examples Bourbon & Home building)
Maynard Payton with an interesting write-up of BIG Technologies, a UK based “fallen Angel” IPO
The new Mauboussin Paper “Probabilities and Payoffs” is worth reading
An interesting article on a busted Austrian Private Equity deal and the pitfalls of “adjusted EBITDA”