Some links
When I saw the GM & Nikola announcement my first though was: This looks like Theranos and Walgreen back in 2016. Hindenburg Research is of the very same opinion: Nikola is a fraud. And yes, that’s what SPAC’s are really good for…
Great stuff: Bessemer Ventures has posted some of their internal investment memos including Wix (2007) and Shopify (2010)
The Brooklyn investor has a first look at Warren Buffett’s Japanese stock basket
Preis and Wert blog has a great write up on JDC Group (in German, the other parts of the insurance broker series are highly recommended, too)
Very interesting feature on Reed Hastings, CEO of Netflix
Great deep dive on Uber’s business model
A good reminder: Even the best companies see deep draw downs in their stock prices at one point
value and opportunity 