Old School Value Curated Links and News [October 16th Edition] by Jae Jun
Welcome to the Oct. 16th edition of the Old School Value Curated Links and News.
I provide the latest round of valuable content that I’ve been reading/following as well as short updates to Old School Value you may be interested in.
Exclusive: York Capital to wind down European funds, spin out Asian funds
York Capital Management has decided to focus on longer-duration assets like private equity, private debt and collateralized loan obligations. The firm also plans to wind down its European hedge funds and spin out its Asian fund. Q3 2020 hedge fund letters, conferences and more York announces structural and operational changes York Chairman and CEO Jamie Read More
NEW Website Has Been Launched
Last time we updated our website was 3 years ago. In the digital world. 3 years is a looooong time and old school value became too messy filled with distractions.
Based on the feedback I received, the new design will make it easier for you to find and read articles.
Less distractions, menus, things to click. I hope you enjoy viewing and reading from the new site.
Still working to finish off a little housekeeping and get things in order, but for the most part, it is done for you to enjoy.
Old School Value Articles You May Have Missed
- Why Cal-Maine Still Gets an “A” Grade
- Changes in Working Capital, Owner Earnings and FCF
- How to Value a Stock with Reverse DCF
What We’re Reading in the Media
- The Difference Between a Bubble and a Cycle
- Google and the limits of strategy
- Uber Slayer: How China’s Didi Beat the Ride-Hailing Superpower
- Deutsche Bank Has a Few Reasons Why Netflix Won’t Get Acquired
- Measuring the Moat (PDF)
Recent Books I’ve Read
- Shoe Dog: A Memoir by the Creator of Nike
- Phil Knight’s story of how it all started before Nike became a household name. You would think Nike “just did it”, but there’s rich detail in the struggles, the growing pains and the challenges they came up against as the company continued to grow.
- The constant wire balancing act of running a company with a debt to equity ratio of 90% for nearly two decades and teetering on the edge of bankruptcy every single month.
- As Nike was preparing for the IPO, Knight realizes how ridiculous the IPO process is. It’s just a guessing and marketing game.
- All-in-all, to get a better understand of the culture behind Nike and get some glimpses into the apparel and sportswear industry, Shoe Dog is a fantastic read.