Sep 9, 2021 Sign Up

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"Some really sketchy behavior coming out of the SEC recently." – Brian Armstrong (Coinbase CEO)

Good morning! Apparently Elon Musk read Short Squeez yesterday and in response to Jeff Bezos' investment in Altos (the anti-aging company), he tweeted: "And if it doesn't work, he's gonna sue death!" #lmfao Petco CEO Ron Coughlin said pandemic pets are the "pet version" of the baby boom post World War II, as a cool 11 million pets were brought into homes last year. 

If you have not subscribed to Short Squeez yet, now is the time and this is the link.

1. Story of the Day: Athleisure is Back

Athleisure is back and so is Lululemon stock. Yesterday Lululemon reported blockbuster earnings and its stock surged more than 12% during extended trading.

Sales in North America rose 63% year over year and were up 49% internationally. On a two-year basis, Lululemon reported its women’s business grew 26%, while men’s was up 31%.

Consumers are shopping Lululemon stores and the company’s website for its sport bras, jogger pants and leggings for their stay-at-home wardrobes. But many are also seeking out stretchy pants and comfortable clothing as they return to the office.

Lululemon offered a better-than-expected outlook for the third quarter and for fiscal 2021, as it expects momentum to build. Based on its current forecast, Lululemon is now on track to surpass its 2023 revenue target by the end of this year, two years ahead of schedule.

Short Squeez Takeaway: Lululemon has a big hand to play in athleisure going mainstream over the last few years. The pandemic has only helped its cause and it's reaping the rewards now. Seriously though, is anyone wearing anything other than athleisure these days? Just visit any Trader Joes in NYC and it seems like its a giant Barry's class. 

Source: CNBC

2. Markets Rundown

• US stocks closed lower Wednesday, but ended off the session’s worst levels, weighed down by selling in energy, materials and tech.

Movers & Shakers

• (+) General Mills ($GIS) +5% on higher sales and adjusted-earnings outlook.
• (+) ICU Medical ($ICUI) +26% after announcing acquisition of Smiths Medical for $2.3 billion.
• (–) Nio ($NIO) -6% after announcing a $2 billion stock offering.
  

3. Top Reads

A Message from Polymarket: (Literally) Free Money

Lucky for you, you’re a subscriber to ShortSqueez because that means you’re one of the first to find out about a way to win (literally) free money.

Right now, Polymarket is giving away $5,000 USDC to 10 lucky winners. Head over to @polymarket to enter for a chance to win. It’ll take less than 30 seconds to follow the 3 steps below, and you might win big. Act fast since the giveaway ends on Tuesday, September 14th!

4. Book of the Day: Margin of Safety

Investors are all too often lured by the prospect of instant millions and fall prey to the many fads of Wall Street. The approaches they adopt offer little or no real prospect for long-term success and invariably run the risk of considerable economic loss - they resemble speculation or outright gambling, not a coherent investment program.

But value investing - the strategy of investing in securities trading at a discount from underlying value - has a long history of delivering excellent investment results with limited downside risk. Taking its title from Benjamin Graham's often-repeated admonition to invest always with a margin of safety, Klarman's Margin of Safety explains the philosophy of value investing, and perhaps more importantly, the logic behind it, demonstrating why it succeeds while other approaches fail. The blueprint that Klarman offers, if carefully followed, offers the investor the strong possibility of investment success.

Margin of Safety is out of print and often sold for absolutely absurd prices. No worries though, here’s a free copy (as always, we got you covered).

5. Daily Visual: Number of Bitcoin ATMs by Region

Source: Statista

6.  Daily Acumen: Better to Be Smart than to Be Right

In many situations, people care more about proving that they are right than they do about doing what’s best for them and for others. This is a problematic mindset, that can hinder you in many areas of life, including in domains such as your professional development and your personal relationships.

Being smart means making the best possible move in a situation, from a strategic perspective. Being right means proving that you are right about something or doing something just because you are technically entitled to do it.

There are various advantages to prioritizing being smart over being right, including being able to pick your battles more wisely, becoming better at convincing others of your viewpoint, and becoming better at forming positive relationships with others.

Essentially, the key to making sure that you’re being smart is to always ask yourself: “is this the best thing I can say or do right now?” before you take action.

In some situations, proving that you are right might be the best move for you to make, but you should make sure that this is indeed the case before acting, and that you’re not driven to acting this way by factors such as insecurity or lack of self-control.

Source: Effectiviology

7. Memes of the Day

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