Where Have The Men Gone?

After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position Michael Burry has exited his position in GameStop Corp., saying the retailer’s reported bid for eBay Inc. changed the investment case, according to Bloomberg. In a Monday post to his Substack subscribers, Burry said a potential $56 billion cash-and-stock acquisition would likely require too much debt and no longer aligned with his original thesis for GameStop. He had previously backed the company in 2019, a move that helped spark investor enthusiasm around the stock. Burry wrote: “Wall Street does indeed mistake...

Pakistani Prime Minister Shehbaz Sharif said on Sunday night that a deal between the US and Iran to end the conflict in the region “has been reached” and that an official signing ceremony will take place this Friday in Switzerland. “Following intensive talks, we are pleased to announce that the Peace Deal between the United […]

Financial Times Hypes SpaceX's Dismal ESG Rating By MSCI, But Really Nobody Cares The Financial Times appears eager to frame MSCI's decision to assign SpaceX the "lowest possible ESG rating" as a major reputational blow. However, the real story is that the entire ESG movement on Wall Street has imploded, and anyone grounded in reality and common sense has increasingly viewed the whole woke era as counterproductive. "The triple C assessment means SpaceX has the same score as that awarded to the Russian state on MSCI's ESG government rating scale in...