Taking a private equity approach to the market since 1975. Expert analysis & deep, fundamental research. Conviction in every report. [email protected]
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Joined February 2018
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Lehman Brothers turned down Leon Black after four rounds of interviews. The reason: “we don’t think you’re smart enough.”
Today Lehman no longer exists. Apollo, the firm Black founded, is worth over $60 billion.
Bestselling author and Founding Partner of @Pucknews @williamcohan tells the story on our latest episode.
Link in the comments.
Full episode, “Bill Cohan on Leon Black: From Drexel to Apollo, and Could Athene Trigger the Next Financial Crisis?”: youtube.com/watch?v=9y8HcWYc…
Full episode, “Bill Cohan on Leon Black: From Drexel to Apollo, and Could Athene Trigger the Next Financial Crisis?”: youtube.com/watch?v=9y8HcWYc…
Buffett, 1999: “It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.”
He was talking about the part of the market the big institutions can’t own. I spent an episode on how to invest there with @iancassel, founder of MicroCapClub and author of Stock Picker.
[LINK In Comments]
Happy Birthday @TimRobbins1
One of the great scenes in movie history:
I mean, seriously, how often do you really look at a man's shoes?...
youtu.be/Lu_pC72tZrk?si=oQj4…
Will be interviewing @ben_levisohn Editor in Chief of @barronsonline on The World According to Boyar today, any questions you would like asked? Looking forward to this one!
The Knicks were just valued by @Sportico for $12.8 billion (up from ~$9.9 last year). $MSGS which owns the @nyknicks and the @NYRangers is valued at less than $10 billion. So essentially you are able to buy the knicks at a discounted price and the market is throwing in the rangers. Not a bad deal.
Later this month, the Knicks and the Rangers will be split into 2 separately publicly traded companies, it will be interesting to see if the valuation gap narrows.
@NBA_NewYork
Looking forward to interviewing @WilliamCohan today about his new book Money to Burn. Will also find out about the latest regarding @PuckNews
Any questions you want asked?
Stay tuned...
Don’t forget @fatjoe !
ICYMI: The Knicks will soon stand alone as an independent, publicly-traded entity.
Controversial former team president and head coach Isiah Thomas will be appointed to the board.
One MSG Sports investor tells @FOS they'd rather have @BenStiller.
frontofficesports.com/articl…
Great work Ben!
@NBA_NewYork
“I’d rather have Ben Stiller. Or Fat Joe.”
That's what one MSG Sports investor (@BoyarValue) had to say about Isiah Thomas joining the board of directors for the new entity that will own the Knicks.
Full story @FOS:
frontofficesports.com/articl…
Fun joining @Greenbackd and @farnamjake1 on Value After Hours. We covered AI-fear selloffs in $BKNG and $ABNB, the Knicks + Rangers ($MSGS) trading for less than the Lakers sold for, $POOL at 15x (vs. 55x at peak), and whether $MKL is the next Berkshire (no).
hubs.ly/Q04yW-ys0
MSG Knickerbockers Corp., I like the name!
$MSGS spinoff is expected to be completed on October 26th. MSGS will be renamed MSG Knickerbockers Corp.
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports” or the “Company”) today announced that its board of directors has approved the spin-off of its New York Rangers business from its New York Knicks business, with the transaction expected to be completed on October 26, 2026.
Upon completion, MSG Sports will be renamed MSG Knickerbockers Corp. (“MSG Knicks”) and will be comprised of the New York Knicks and the Westchester Knicks. The newly created Rangers company, MSG Rangers Corp., (“MSG Rangers”) will include the New York Rangers, as well as the Hartford Wolf Pack and the MSG Training Center. As previously announced, James L. Dolan will serve as Executive Chairman and Chief Executive Officer of MSG Rangers and remain Executive Chairman and Chief Executive Officer of MSG Knicks.
A woman who invested with Buffett in the partnership days and never sold ended up with life altering gains.
A professional investor couldn't have done this for his clients: as a fiduciary, he would have trimmed the position as it grew.
That's the advantage individuals have over the pros, says @chriswmayer. Nobody is making them sell.
Full episode in the comments.