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Telltales Founder Stories
Our summer interns,
and Miller, have been busy researching the founder stories of a few of the companies we discuss on the podcast. We will be sending out their work each week for the next few weeks, but if you can’t wait, you can read the pre-prints here:BYD Company: https://telltales.substack.com/p/telltales-byd-company-limited
Celsius Holdings: https://telltales.substack.com/p/celsius-holdings
Interactive Brokers: https://telltales.substack.com/p/telltales-interactive-brokers
Taiwan Semiconductor: https://telltales.substack.com/p/telltales-taiwan-semiconductor
Vertex Pharmaceuticals: https://telltales.substack.com/p/telltales-vertex-pharmaceuticals
The Cashflow Memo
Shownotes
In this episode, the Telltales Podcast team explores recent developments in healthcare, the importance of founder stories in investing, and potential economic risks on the horizon.
[00:00:54] World Oil Supply/Demand (Exhibit C) The Iranian response to recent events in Tehran has been delayed indefinitely, potentially impacting oil prices. The team discusses the ongoing situation between Hamas and Israel, as well as Saudi Arabia and UAE's role in the oil market surplus.
[02:29] US Gas Demand/Supply (Exhibit B) Concerns are raised about natural gas prices and consumption due to unseasonably warm weather in New York. The team suggests delaying discussion on energy companies to monitor price developments.
[03:12] US Government Revenues and Expenses (Exhibit A) The podcast highlights the growing deficit and potential risks associated with high government debt. They predict a possible financial event in the coming year that could impact the markets.
[03:45] Financial Institutions Overview (Page 13) Discussion of JP Morgan, Morgan Stanley, Goldman Sachs, and the addition of Interactive Brokers to their analysis. The team emphasizes the importance of overnight borrowing in the repo market and potential risks associated with it.
[06:59] Jobs Data Revision The team analyzes the recent significant downward revision of job gains by the Bureau of Labor Statistics, comparing it to similar revisions during the 2009 financial crisis.
[08:55] Telltales Founder Stories Gwendolyn and Holly share insights from their research on company founders, highlighting stories from NVIDIA, Vertex Pharmaceuticals, TSMC, and Interactive Brokers. The team emphasizes the importance of studying founders for investment decisions.
[13:31] Healthcare Sector Analysis (Page 19) In-depth discussion of recent developments in the GLP-1 drug market, focusing on Eli Lilly's recent study results and FDA decisions. The team explores the potential impact on healthcare spending and competition in the market.
[25:10] Vertex Pharmaceuticals and Diabetes Research (Page 15) The podcast concludes with a discussion of Vertex Pharmaceuticals' promising early-stage research on type 1 diabetes treatment and the company's unique approach to drug development.
Don't forget to subscribe to our email list at telltales.us for weekly updates on cashflow analysis across various sectors!
JPM 0.00%↑ MS 0.00%↑ GS 0.00%↑ IBKR 0.00%↑ NVDA 0.00%↑ TSM 0.00%↑ LLY 0.00%↑ VRTX 0.00%↑
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Jobs Data Negative Revision and Other Warning Signs: Is a Financial Storm Brewing? (e2434)