$INV

This is undoubtedly the easiest money environment in our lifetimes. Investing is hard because there has been so much underlying damage that many industries and companies cannot be saved. B malls are gone for good. It is unlikely that they reopen at all. (thread) — Michael King, Returning Chairman $TSLAQ (@WallStCritic) April 8, 2020

#COVID19

1. What’s the infection fatality rate for COVID-19? @MatteoParadisi and I looked at 10 Lombardy towns locked down Feb 21. With a fully functioning hospital system (early days of epidemic), we estimate 0.67% overall, <1% for under 70, 2-5% for over 70 (1/8) — Gianluca Rinaldi (@gian_rinaldi) April 7, 2020

$INV

“Legendary” hedge fund manager – who warned against concavity, bet on convexity, won $$$ – is now critical of those warning against concavity. Let me spell it out for you, not rocket science: he has a shitty portfolio and wants to get bailed out. Selfishness. Not rocket science — LST (@LongShortTrader) April 8, 2020

#COVID19

In the next few weeks, you’re going to hear a lot about “test and trace” as a plan to get us from national quarantine to a semi-normal life. I wrote about what tracing technology looks like in other countries—and what it might look like in the U.S. — Derek Thompson (@DKThomp) April 7, 2020

$EQC

Reminder that Sam Zell entity $EQC is trading at $32.65 with almost $27/share in cash and virtually zero liabilities. They are in a position of strength and on the hunt for deals in what should be an opportunity-rich environment. This is what they have been waiting for. — BWK Capital (@BwkCapital) April 7, 2020

$INV

The markets are so fast, we priced in the recession in 15 days and priced in the recovery in 11 days. You don’t even have time to think or analyze. You have to have buy/sell lists ready on the spot. — GreekFire23 (@GreekFire23) April 6, 2020

$INV

Everything is being pushed back to the fall. Masters tournament, conferences, music festivals, work meetings. We should be thinking this through. What happens with so many competing events happening within a 4-month period? — Amy Webb @ 🏠 (@amywebb) April 7, 2020

$INV

Businesses renegotiate contracts all the time, for many reasons, and the attempt to renegotiate a contract is both a) not a refusal to honor the original contract and b) not a thing you should, in general, be particularly offended by. — Patrick McKenzie (@patio11) April 7, 2020

$LK

"For the moment, Luckin hasn’t even tried to sketch out the cost-side fraud. That critical, because if you remember the anonymous short report distributed by short-seller Muddy Waters, Luckin’s misdemeanors extend beyond double-counted cappuccinos." — Michael Norris (@briefnorris) April 7, 2020