I don’t think any stock quite sums up the mania of 2020 quite like Nikola (NKLA). With no sales, no plan to reach sales, and a small market, it reached a market cap of over $30B. Soon after, the company was accused of fraud, at which points the stock took a ~45% slide, before almost […]
Month: November 2020
Reverse engineering 13F – Seth Klarman / Baupost (Part 1)
Back when I last switched jobs, one of my favorite things to do before I interviewed at a firm, was try and reverse engineer their positions. I would sometimes throw a bullet or two on this onto my resume, but would usually at least be able to sprinkle in a couple very relevant questions at […]
Portfolio update — closing out of FSR options
I’m realizing today that I haven’t laid out much of my portfolio allocation yet. But wanted to write a quick post updating y’all with a quick position change, as well as a longer update on portfolio allocation. FSR options (Nov 20th Call, @$15) To recap– when looking through monthly losses, I thought the upside of […]