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"Wake me up, when September ends"
 The "Butterfly Effect" describes the observation that in a complex, non-linear system, even the tiniest changes in starting conditions can lead to large changes in the result. Researchers show how tiny differences in fund flows (0.2% of market cap shifting from active to passive per year) and idosyncratic volatility rising stronger for large caps vs small caps (as does excess return over cash), after 25 years, large caps end up 30% larger than they would have been without the rise of index investments (see article below).
 Samsonite is a stock "stranded in Hong Kong". Can "re-location" act as a trigger for "re-valuation" (article below) ? But maybe chasing location based on recent performance trends is a bad idea after all...
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Dark clouds over Wolfsburg. "With car sales still nearly a fifth lower than pre-pandemic levels in Europe, manufacturers including VW, Stellantis NV and Renault SA were operating more than 30 factories at levels analysts consider unprofitable, according to data from Just Auto". Has the European car industry become an industry with "Barriers to Exit", where politicians and unions ruined competitiveness with biased governance and inflated wages (seemingly affordable with massive Chinese profits that are no longer available), and now opposing the required capacity adjustments ? Like the German economy: how much pain does it take for change to happen ? 
Trigano shares are almost 50x since the 1998 IPO. What´s the secret sauce (see article below) ? The shares trade now 40% below their recent high The FT has a good portrait of 85-year old noble laurate Eugene Fama (see below)
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Saudi Aramco´s profits are insane (see article above).
"We go against the crowd - Truly contrarian"
Jay Bowen III and his father have grown the assets of the Tampa Firefighters’ & Police Officers’ Pension Fund from USD 12mio in 1974 to USD 3.1bn today, while paying out USD 1.8bn to retirees. The stock part of the portfolio is up 81,000% over these 50 years (14.4% p.a.). He spoke to William Green in the "Richer, Wiser, Happier" podcast.
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Deutsche Post is trading at a pretty significant discount to peers. CEO Meyer in Handelsblatt interview tries to explain why and what to do about it (see above) The NFL starts this weekend. The LA Chargers will ruin my next 4 months (not 5, they won´t go to the play-offs). The owners of the Kansas City Chiefs have big plans (see podcast above). Their team has won the Super Bowl back-to-back, but at a USD 6bn valuation only ranks in the middle of the valuation table (click)  With business very slow this summer, we´re looking for new lines of business. T-shirt - anyone ? Once you put it on, your stocks go up like this (click) Enjoy the Weekend !
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