Yet Another Value Blog

Like a lot of the rest of the world, I’ve been thinking about banks a lot recently. Many of the investors I’ve talked to have said “banks are off limits for me.” Perhaps that’s the right approach; banks are somewhat black box-y. They are basically confidence games that take short term money and magically use it to fund long term investments, and right now it appears confidence can disappear from any bank at any time. It really doesn’t matter how good your balance sheet is; if 50% of your deposits pull over night, you’re going to have to fire sale some assets, and when you’re ~10:1 levered (as most banks are), even a small haircut (which you’ll have to take in a fire sale) will lead to the equity being a zero.

All of the sudden, everyone wants to talk about AI plays. Well, not everyone…. but I can assure you that there’s not a single investor who’s watching NVDA rip higher every day (and drag the NASDAQ with it) in the face of a down market (NVDA has more than doubled over the past six months with the Russell dropping a small amount) without thinking “I wouldn’t mind finding something that gets the ‘AI’ treatment.”

I attended Planet Microcap in late April and hosted two interviews with past guests there (Michael Liu and Jon Cukierwar). We recorded them, so figured we’d throw them up as bonus podcasts. Enjoy!

I was working on this month’s premium update (there’s a heck of a lot to talk about)…. but I wanted to do an update on one name in particular given how much I’ve been thinking about it / how underval…

Brian Finn, CIO of Findell Capital Management, makes the fastest repeat podcast visit in show history, as we provide updates on after earnings from $CUTR (recently discussed with Vince Martin) and $OPRT (

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Doug O'Laughlin, Founder and Editor of the Fabricated Knowledge and Mule’s Musings Newsletters, joins the Yet Another Value Podcast for the 3rd time to discuss his thesis on AppLovin Corporation (NASDAQ: APP)

A quick bank idea to take advantage of some of the recent volatility. If you believe every bank is going to zero, this is not for you….. But given recent dynamics and a big capital infusion, I think …

I tend to be attracted to quirky companies, financial engineering, and weird situations. Companies that have no similar companies or situations that don’t have much of a precedent are absolute catnip…

“Chance”, Editor and Co-Founder of The Chancery Daily, discusses the wild $AMC / Ape Case. ***This podcast is brought to you by Stream by AlphaSense.*** How can you increase ROI on your investment research spend?

Before we get to the updates- first, thank you so much for subscribing to the premium site! Second, a quick housekeeping. This month’s housekeeping has three parts: I mentioned it in my 2022 vision, bu…