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  "documentTitle": "MSCI Inc. (MSCI)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-01-17 00:00:00",
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  "notes": "Uses a 'villain critique' style to dismantle three specific broker reports (Barclays, JPMorgan, Wells Fargo) by highlighting their flawed investment theses.",
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      "text": "How much is coming from increasing capitalized costs?",
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      "text": "Three columns comparing Barclays, JPMorgan, and Wells Fargo bull cases with Spruce Point's counter-arguments.",
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      "text": "Spruce Point believes the current sell-side promoters need to refresh their thinking about MSCI and the sustainability of its growth and margins.",
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      "text": "Bull Case Promotion Rests On Faulty Assumptions",
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