Thursday, June 11th.
LEDGE FACT"You only have to do a very few things right in your life so long as you don't do too many things wrong." - Warren Buffett (1930–)
Today's headlines
Elixiron Immunotherapeutics Reports Positive Phase 2 Interim Results for Enrupatinib: Evidence of Neuroinflammation Reduction and Early Cognitive Benefit in Alzheimer's Disease (PR Newswire Finance)
India Equity Fund Investors Turn Cautious as War Risks Grow (Bloomberg)
From the reading list — Book
Morgan Housel: “The Psychology of Money”
BDC universe
Most-held borrower across BDCs: Production Resource Group LLC (10 BDCs report exposure).
Today's reading
Cash Sweep Mechanics: How FCF Routes to Debt Paydown.
Markets
S&P 500 — down 1.58% on the day.
What’s new
- LEARN grows: 529 plans, retirement drawdown, and deeper lease accountingThree big additions to the curriculum: a 529 education-savings module, a retirement decumulation module (the 4% rule, RMDs, and withdrawal order), and a much deeper lease-accounting lesson covering ASC 842 / IFRS 16 with a present-value calculator. Plus new wash-sale fine print in Tax-Loss Harvesting.
- Company profiles, straight from SEC filingsCompany descriptions now come from each company's own SEC 10-K or 20-F filing, not third-party blurbs - provenance-badged so you can trace every word to the source.
- Ask AI suggests sharper questionsSuggested questions now fit the company in front of you - every sector covered, from plain-English starters to analyst-grade probes. No more airline prompts on a software stock.