There’s A “Chip” Shortage: And TSM Holds All The Cards

TSM

“You drove 1,000 miles just for this game?” Christmas 1988 was a stressful time for many American parents. Nintendo’s Super Mario Bros. 2 was the must-have toy that year. But copies of the hit videogame were as scarce as hen’s teeth. Q4 2020 hedge fund letters, conferences and more ABC News ran a 20/20 special on the shortage called “Nuts […]

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Clean Energy: A Bubble Burst?

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The rapid rebound in clean energy shows signs of weakness. Indeed, investor enthusiasm apparently overestimated growth potential and overlooked challenges such as fierce competition and pressure on margins. We adjust our view to cautious, as today’s elevated valuations increase the risks of a reality check and further setbacks. However, selected opportunities are still on offer, […]

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Lawmaker bought cannabis stocks while pushing for decriminalization

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A well-connected House Democrat bought a large number of shares of cannabis stocks while pushing for decriminalization of the drug. According to a financial disclosure form, Rep. John Yarmuth bought $60,000 worth of cannabis stocks while publicly calling for decriminalization. Q4 2020 hedge fund letters, conferences and more Democrat buys cannabis stocks while pushing decriminalization […]

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GameStop’s Dead Cat Bounce; Munger’s Annual Meeting

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Whitney Tilson’s email to investors discussing GameStop’s dead cat bounce; stop the speculative and manipulative madness; and Munger’s Daily Journal annual meeting. Q4 2020 hedge fund letters, conferences and more GameStop’s Dead Cat Bounce 1) The behavior of speculators these days boggles my mind… Only a few weeks after losing more than 90% of their […]

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