Dave Waters
@alluvialcapital.bsky.social
Pittsburgh investment manager since 2014. Buying the weirdest and wildest.
alluvial.substack.com
tactilefund.com
alluvial.substack.com
tactilefund.com
I am asking myself the same thing!
November 18, 2025 at 9:36 PM
I am asking myself the same thing!
Not surprised to see the stock take a beating but this is a massive over-reaction.
October 22, 2025 at 7:12 PM
Not surprised to see the stock take a beating but this is a massive over-reaction.
Passive voice doing work there.
October 14, 2025 at 9:09 PM
Passive voice doing work there.
That deal is pending but correct, it is outside the perimeter.
October 3, 2025 at 5:37 PM
That deal is pending but correct, it is outside the perimeter.
They are trying to crystallize the value they created in buying and optimizing Princes, and to build a war chest for future acquisitions. Mastrolia is certainly a maverick.
October 3, 2025 at 3:33 PM
They are trying to crystallize the value they created in buying and optimizing Princes, and to build a war chest for future acquisitions. Mastrolia is certainly a maverick.
Reached out years ago. Zero interest in opening an account for American. I should try again.
August 29, 2025 at 7:32 PM
Reached out years ago. Zero interest in opening an account for American. I should try again.
Realizing I may have conflated "great white buffalo" and "white whale." Sigh. That's how badly I need to trade in this market. Can't think straight.
August 29, 2025 at 7:04 PM
Realizing I may have conflated "great white buffalo" and "white whale." Sigh. That's how badly I need to trade in this market. Can't think straight.
It is honestly a great trip for kids, too! It was the first international destination for ours and they handled it like champs.
July 24, 2025 at 11:25 PM
It is honestly a great trip for kids, too! It was the first international destination for ours and they handled it like champs.
Tuborg Classic. A very satisfying Danish pilsner, as it turns out.
I also just learned that beer was illegal in Iceland until 1989!
I also just learned that beer was illegal in Iceland until 1989!
July 17, 2025 at 1:41 PM
Tuborg Classic. A very satisfying Danish pilsner, as it turns out.
I also just learned that beer was illegal in Iceland until 1989!
I also just learned that beer was illegal in Iceland until 1989!
...I really set myself up for that one!
July 17, 2025 at 1:36 AM
...I really set myself up for that one!
Local flora. Angelica, a traditional Icelandic flavoring. Water avens. Lupine, introduced to Iceland in the 1940s and now ubiquitous.
July 13, 2025 at 10:01 PM
Local flora. Angelica, a traditional Icelandic flavoring. Water avens. Lupine, introduced to Iceland in the 1940s and now ubiquitous.
A Reykjavík cemetery. One of the most fascinating places we visited. Found it by accident and there was hardly a soul around.
July 13, 2025 at 9:54 PM
A Reykjavík cemetery. One of the most fascinating places we visited. Found it by accident and there was hardly a soul around.
Abandoned whaling ships.
July 13, 2025 at 9:52 PM
Abandoned whaling ships.
Not specific to Iceland but I found an actual message in a bottle.
July 13, 2025 at 9:46 PM
Not specific to Iceland but I found an actual message in a bottle.
Aging Greenland shark. Here’s where the Hákarl is made! Much better with Icelandic rye bread and some Brennnivín.
July 13, 2025 at 9:41 PM
Aging Greenland shark. Here’s where the Hákarl is made! Much better with Icelandic rye bread and some Brennnivín.
Little tough to see, but Puffins.
July 13, 2025 at 9:39 PM
Little tough to see, but Puffins.
The approach to the Rauðfeldsgjá Gorge. A place with a truly mystical feel. Home of the legendary half-giant Bárður.
July 13, 2025 at 9:35 PM
The approach to the Rauðfeldsgjá Gorge. A place with a truly mystical feel. Home of the legendary half-giant Bárður.
A family outing to a glacier!
July 13, 2025 at 9:30 PM
A family outing to a glacier!
Leif Erikson in front of Hallgrímskirkja. Plus a cool message on the back of the statue, which was a gift from the United States 95 years ago.
July 13, 2025 at 9:28 PM
Leif Erikson in front of Hallgrímskirkja. Plus a cool message on the back of the statue, which was a gift from the United States 95 years ago.