MH retweeted
Day in the life: euro HY credit sales
> 6.45am: wake up. Overwhelming existential dread. Stare at ceiling. Consider resigning. Remember Hugo and Camilla’s school fees.
> tube: mouth dry. Headache. Must stop drinking. 17 IB chats from Asia overnight. All want HardBank levels. Probably nothing. ☕
> 7.30am: on desk. Missed the morning meeting. Trader runs not out yet. Copy paste yesterday's axes. Probably still right. Didn't trade any of them after all.
> Trader: "We've got a big position in VAGUECHEM. Very sensitive, make targeted calls. It's our best idea." Analyst wrote 40 pages. Read the title. Italian. Chemicals. Got it.
> 8.30am: blast to 600 clients. "🔥BEST IDEA🔥 VAGUECHEM, highly specialised global leader in specialty chemicals. Critical input across end markets". Paste analyst note. Paste a chart I don't understand. Value add.
> pod shop: "Where's VAGUECHEM?" 94-95.5. "Lol. Seeing better away." 4 mins later: "Actually we sell you 25mn at 94." Trader: "WHY DID YOU SHOW A BID. WE'RE AXED TO SELL." You gave me the run. "That's not a real bid." 🆗🆒
> CLO: "What do the chemicals actually go in?" ...Toothpaste. And jet fuel. Critical to both. "Ok I take 10." Smart account. 🟢
> real money: "What's the leverage?" Very reasonable. "Number?" Let me get my analyst on.
> three headsets on. Left ear trader screaming. Right ear client screaming. Third one is my wife asking about a £2,400 charge from Annabel's. I think she hates me.
> 11am: LinkedIn. Uni mate made partner. Another sold his startup. Me: pasting a headline into IB with "fyi". Gnawing sense of self-loathing returns.
> lunch: real money PM, "just catching up". Ranking? 9th. There’s 8 other eur hy desks?! JFC. Round it up for the email “just outside top 3”. Sexy Fish, £640. He has the wagyu.
> 2pm: US real money: "Like to sell you 35mn VAGUECHEM." Trader: "Don't show them anything." It's a relationship trade. "Don't care." Market share! "I don't want to f***ing bid it." They're a top 3 account. "fine...85."
> back to client: very defensive bid, wrong way for us, doesn't really suit, will show 85, just so you have a level. "Done. All of it." 35MN TICKET. SALES CREDITS 🤑💰💵 Not real money of course, but basically the same.
> US sales: "Seeing VAGUECHEM very well offered, any colour?" That's us. That's our offer.
> Trader: "Now long 140mn. FIND ME A BUYER." Copy paste the 8.30 blast. Add a second 🔥.
> hedge fund: "Saw the 🔥🔥. What do the chemicals actually go into?" Car exhausts. And... shoelace tips. Very specialised but also diversified. "Rating?" B2… ish. "Pass."
> 4.30pm: VAGUECHEM 82 offered only. Desk PnL -$2.6mn. Trader: "How's that market share looking?" Sarcastic b-----d. Check sales credits. Still awesome. 🙌🏻
> 6.30pm: Annabel's with 4 clients. Combined YTD tickets: zero. One's at a family office that's "mostly property". One got fired in March, still says "we". Dommie P x4. 🥂
> 11.45pm: Uber home. WhatsApp from trader: "VAGUECHEM 78 offered only in the street. Still long 140mn. Buyer by 9am or you're covering Asia."
> set alarm 6.45. Draft tomorrow's blast: "🔥🔥🔥BEST IDEA: VAGUECHEM, global leader in specialty chemicals for nail clippers and dog collars."
MH retweeted
Arini is down 26% and the losses are rocking the very high yield market that its star trader Hamza Lemssouguer once dominated.
These losses are astronomical and mark an astonishing reversal for a hedge fund that made its mark by being aggressive, leaning in while owning size.
MH retweeted
Brazil election numbers. Statistically impossible:
Round 1:
• Lula (left): 53.9 million
• Bolsonaro (right): 56.1 million
• Cury (right): 3.4 million
• Santos (right): 2.6 million
• Caiado (right): 2.6 million
• Zemu (right): 0.3 million
Round 2:
• Lula (left): 64.1 million
• Bolsonaro (right): 59.8 million
Once the five other right-wing candidates (totaling 11.2 million votes) were removed from the race, the left-wing candidate picked up more additional votes than the remaining right-wing candidate.
MH retweeted
I have a dumb question. How many people die on the autobahn
Like is it disproportionate to other euro highways? American highways? Should we all be allowed to go 200?
MH retweeted
これ、今まで見た心霊写真の中で一番ゾッとした。
Readers added context they thought people might want to know
Photo génére par IA 100%
-Effets de taches réguliéres spécifiques aux images IA
-Interupteur mal positioné entre le mur et le montant
-Les doigts des femmes sont ridiculement mal fait.
-Aucun élément d'arriére plan n'est proportionnel ni logique.
-Reflet ridicule dans la vitre.
factcheck.afp.com/tips-for-ident…
MH retweeted
New idea: short whatever Acquired just did a 4-hour episode on.
Home Depot: Sep 14 episode → Lone Pine gets wrecked on it by Q3 end
Inverse @AcquiredFM ETF (ticker: NOPE) $HD
ALT Screenshot of a Bloomberg article in dark mode headlined "Lone Pine Erases 44% Gain in Brutal Quarter on Poor Stock Bets," with a Bloomberg AI summary in orange text. The summary says Lone Pine Capital's hedge fund gave back nearly all of its 2026 gains on losing longs and shorts, ending September up only 0.6% for the year. A red line underlines the passage saying top holdings Nebius Group and Home Depot fell sharply. It also notes the firm's long-only fund, about 75% of its $19 billion in assets, dropped from up nearly 39% in June to 6.7% by September. Hedge fund performance, $HD, $NBIS, Steve Mandel.
ALT Screenshot of the Acquired podcast website on mobile showing its episode on The Home Depot, published September 14, 2026. The page has a warm brown background with the ACQUIRED wordmark at the top. The center shows the iconic orange square Home Depot logo with white stencil lettering. Below are the category tags Retail and E-Commerce, and a play bar with the episode title and date. Acquired, hosted by Ben Gilbert and David Rosenthal, is known for long-form deep dives on great companies. $HD Home Depot stock, Acquired curse.
