Hey All! I’ve started a second show completely devoted to the field of Ontology which is another huge passion of mine. Please check out The Eric Scheien Podcast which is an ontological podcast where I break down distinctions of human consciousness as an access to enhancing performance.
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On today’s episode, I sit down with Andrew Walker who is a portfolio manager at Rangeley Capital LLC and runs Yet Another Value Blog. We discuss Pershing Tontine (PSTH), a SPAC run by Bill Ackman that just recently announced a deal to acquire 10% of Universal Music Group (UMG) from Vivendi.
[4:24] The UMG announcement
[7:15] Background on SPACs
[9:47] A unique tontine structure
[14:38] Spinning Eagle SPAC
[16:50] SPACs vs SPARCs
[27:09] UMG’s Economic Moat
PSTH Article 1:
PSTH Article 2:
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Disclosure: Eric Schleien and some SMA clients of Eric Schleien through Granite State Capital Management, LLC own shares of PSTH. Nothing here is investment advice. Do your own due diligence.
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