- The Rollup
- Rollup #81
Nobody is buying Airbnb
Noteworthy insider trade 🚨
The Airbnbust is a topic I’ve been covering a lot in the last few months and it’s showing no signs of slowing down. Joseph Gebbia, Airbnb’s co-founder, just sold 499,999 shares worth $62.6 million.
Out of curiosity I scrolled through the insider trading data and oh boy, nobody is buying. I went back to December of 2020 and couldn’t find a single instance of a C-Suite insider buying Airbnb stock.
Source: SEC Filing #1
Noteworthy quote ✒️
This Rollup is sponsored by 💡
Chartr is a really cool newsletter that I’m subscribed to myself (along with 400,000 other people). The Chartr team takes all sorts of data and turns it into cool graphs like this one 👇
Most of the charts are related to business & macro, but there are other themes like,
Pickup truck sales in 2022
Mentions of AI in earnings calls,
Countries with the most lithium reserves
A super interesting newsletter that’s totally free if you’d like to check it out.
Worth checking out 🔍
Why the billionaire Ken Griffin thinks that Miami could become the new NYC.
The most underrated investing skill.
What y’all are into: the top 3 most clicked-on links from last Sunday’s Rollup.
Four must-read business books to kick off 2024.
The psychology of wealth: searching for common psychological traits of the wealthy.
The stocks with the highest dividend yields in the S&P 500.
Matt Stoller explains why government stupidity is by design.
Sam Altman has been fired as OpenAI’s CEO.
Todd Wenning of Flyover Stocks explains his strategy for finding the optimum position sizing when buying an asset.
Noteworthy Chart 🧭
Best articles 📖
Let the Engineers Figure it Out - Lykeion Research pens an article explaining why they believe that the decline of the renewable energy sector is inevitable. Mega-projects like offshore wind farms are not economically viable and cannot survive when interest rates are at 5%.
I don’t get the feeling that Lykeion has written a hit piece, they’re just pointing out simple economic truths and arguing that renewables isn’t a great sector to park your money in.
Tech doesn’t make our lives easier. It makes them faster - One of the best articles I’ve read all month. Technology is supposed to make our lives easier, but it often only ends up complicating them. As a basic example, the smartphone ostensibly solves many problems but it also means that we’re accessible 24/7 by our boss, coworkers or anyone else.
Brett Scott, the author of this article, points out that AI is likely to be the same. It’s being sold as a technology that will reduce our workload, but will inevitably turn into one more thing to manage.
How a tiny Pacific Island became the global capital of cybercrime - Interesting piece from MIT about how Tokelau, this absurdly tiny island nation with an annual GDP of $9 million, ended up hosting some of the worst spamming and malware websites on the internet.
Noteworthy Tweets 🪶
Hindenburg’s latest victim… $GDHG
A Chinese amusement park company listed on the Nasdaq that is a total fraud. They went to visit their busiest park on a Saturday and it was empty. Their water attraction was “a large pond full of trash”.
— Geiger Capital (@Geiger_Capital)
Nov 13, 2023
BREAKING 🚨: Jim Chanos Hedge Fund
Famed Short Seller Jim Chanos, who took on Tesla $TSLA, has decided to shutter his hedge fund which managed $6 Billion at its peak twitter.com/i/web/status/1…
— Barchart (@Barchart)
Nov 17, 2023
Best of YouTube 🎬
What Nobody Tells You About Getting Rich
Mark Manson recently hosted Morgan Housel on his podcast for a friendly discussion about what it’s really like to be wealthy.
My favorite off topic video 🍿
It turns out that maybe we shouldn’t all aspire to have six-pack abs… James Smith explains that for the average person, having a six-pack probably won’t put them into the optimal fitness zone since they will have to cut down their food intake so dramatically to get there.
He also reveals that the crazy-fit looking fitness influencers don’t even have six-packs all the time. When they do have them, they may do photo shoots at the gym with multiple sets of clothes so that they can post about it even after they’ve gone back to a normal weight.
Best AI image 🏆
Crossing over the land lies, to the peak of truth