Playstudios ($MYPS) – Priced for catastrophe, gambling that its not so bad

Playstudios ($MYPS) – Priced for catastrophe, gambling that its not so bad

I work at a concentrated fund that owns 8 - 10 positions for a multi-year horizon. Often times, during my research, I come across ideas that are not a fit for the strategy, but nonetheless are interesting setups. Playstudios ($MYPS) is one of these situations.

In contrast to my first two ideas on Indivior and Cardlytics, this pitch is more of a Trade than an Investment. As a trade, this idea is faster, shorter duration, more risky and has a lower degree of confidence, but it is also just a really fun situation to gamble a bit on or just follow for curiosity.

Separately, I am still feeling out what the direction of this blog will be. The core will always be deep dive reports on long-term investment ideas, but I am drawn to putting out different flavors of topics on investing and maybe even some posts on my experience in bootstrapping a fund.

Thank you for reading and welcome to all the new subscribers!

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