Another week another S1 filling from a ‘Tech company’ that is looking to raise capital at a tech sector valuation for their upcoming IPO, is this just? Ben Thomson posted a great article on what a Tech company is.
Furthermore a deeper look into Argentina which once again is restructuring it’s debt, and lastly one of the best known investors, Michael Burry, on two of his long bet’s and his worries on passive investing.
What is a Tech Company?
Following the post from two weeks ago from Ben Thompson’s view on WeWork and Peloton’s upcoming IPO, what is a Tech company.
Argentina’s debt:
Argentina’s has already defaulted 8th default times and twice in the last 20 years, this week President Mauricio started with a debt restructuring plan(Financial Times) It’s a pity to see a country which was once one of the world wealthiest struggle with corruption and poor governance from current and past governments.
FT video: Argentina prepares next steps to tackle debt crisis
Michael Burry’s letter’s:
Lot’s of articles this week on Michael Burry:
Letter to GameStop (GME)
Scion Asset Management Urges Tailored Brands to Repurchase Shares with Sale Proceeds
The Big Short’s Michael Burry Sees a Bubble in Passive Investing
Recommended: Read The Big Short by Michael Lewis or watch the movie.
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