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How to Define VALUE in Arbitrage
One of the hardest concepts for someone who has never done arbitrage to grasp is the fact that the “value” of the underlying company is COMPLETELY irrelevant. In this article I’d like to walk you through a few ideas around arbitrage: What “value” means in arbitrage A quick example of value in arbitrage A model […]
Continue readingHow to Own a Rocket [Literally]
“Haven’t you seen that episode already?” “Yep, but it’s a good one.” That conversation took place multiple times when I was a child. It was my father asking me why I was watching the same episode of Star Trek that I’d already seen 3 or 4 times. I’m still a huge fan of all things […]
Continue readingWarrant Watchlist 5/17/19
Yay Friday! This is an email I sent to Warrant Watchlist members, but posting it here for you guys as well. 5/17/19 I have a rare non-sports weekend for the kids, so I don’t know what to do with myself. My one chore is to have a flat tire replaced. I unbelievably drove the car […]
Continue readingSPAC Warrants: Is That a Plane or the Sound of Money Being Printed?
I live just a mile outside of Washington, DC, on the northern border of the city. You can easily walk into the District on a walking trail that goes by my house. Not a lot of people know it, but one of the largest urban parks in the country is in DC. At over twice […]
Continue readingSPAC Warrants Will Never Make You Rich Without Knowing This
The management team in a SPAC can have a huge impact on SPAC warrant traders. I’ve had the opportunity to consult a lot of different managers and management teams. Some were good. Some were bad. Some were competent. Some were not. Some were experienced in their particular industry to the exclusion of all others. Some […]
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