Interesting links: July 20, 2025

July 20, 2025

Andrew Walker explains why he is sizing up on pre-deal SPACs, which he sees as a valuable call option.

Yet Another Value Blog

We are SO back: time to build the SPAC basket

I’ll admit upfront that this is a little bit of a meandering post…. but I think the pay off is worth it, and I think the opportunity is unique enough that it’s worth a long, meandering post…

10 days ago · 19 likes · 4 comments · Andrew Walker

It’s a long but educational read that gets you up to speed on the mechanics of the trade.

Taxes make up 20-30% of the cost of new housing.

How to fix Canadians’ unfairly high tax burdens under progressive rates.

Meanwhile in Saskatoon.

Oliver SungJul 19

Ted Weschler on reading.

I used to have access to Hardlines and Canadian Grocer and agree with this take. We even had access to trade mags on Sheep in the glory days of BNN!

Cash flow basics with a good tweak offered up in the comments.

The Antifragile InvestorJul 18

The 10 Commandments of Cash Flow Statements

1. Follow the Cash, Not the Profits

Always check Operating Cash Flow (OCF)before trusting net income. A business can show profit on paper but still burn through cash. Cash tells the truth—profits can lie.

2. Free Cash Flow Is Your True Bottom Line

FCF = OCF – Capital Expenditures. This shows how much real money is left after reinvestment. Use it to measure how much the company can pay shareholders or reduce debt without hurting its future.

3. Never Confuse…245 9 46

A reminder of the fitness pillars: eat clean, sleep well and get outside. The real culprit behind metabolic dysfunction isn’t carbs themselves.

The Hidden Deficiencies Sabotaging Your Carb Metabolism (Part 1)

Time to put to rest the long-standing vilification of an entire macronutrient. Contrary to dogmatic schools of nutrition in this space, the real culprit behind metabolic dysfunction isn’t carbohydrates themselves. Rather a set of critical deficiencies in how we support our body’s natural energetic processing systems. This week we start to build our fram…

10 days ago · 12 likes · BowTiedPhys

Enjoy retirement Paul.