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https://x.com/i/lists/1669153613199835138?t=R0mCicxs7zfJE_yOAek4gQ&s=09
Hidden Value Gems
Wondering if there is an opportunity here? Haven't followed John Malone's asset portfolio closely recently.
$FWONA $LYV https://t.co/LZV3yPwd9U
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App Economy Insights
$NU Nu Holdings Q3 FY24.
• Customers +23% Y/Y to 110M.
• Deposits +60% Y/Y FXN to $28B.
• ARPAC +25% Y/Y FXN to $11.
• Revenue +38% Y/Y to $2.9B.
• Net income +83% Y/Y to $553M. https://t.co/9aPQ90pWfx
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Dimitry Nakhla | Babylon Capital®
Chuck Akre’s updated Q3 2024 13F (Dataroma)
Top 5 holdings: $MA $MCO $KKR $AMT & $ORLY
Big adds: $ABNB $CCCS
#stocks #investing https://t.co/HQpAPxPbHa
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Quiver Quantitative
RT @InsiderRadar: 🚨 JUST IN: New Insider Purchase
The Chairman of the Board at $SEDG just reported the purchase of ~$2.1M of the company's stock.
This comes after the stock has fallen ~87% YTD. https://t.co/uAbN3Hx3AF
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Stock Analysis Compilation
Cleabridge on Tenet Healthcare $THC US
Thesis: Tenet Healthcare’s strategic focus on offsite surgical centers and divestiture of non-core assets positions it for profitable growth, driven by strong management and shifting industry dynamics.
(Extract from their Q3 letter) https://t.co/hfQTGVGDyV
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Quiver Quantitative
RT @InsiderRadar: 🚨 BREAKING: New CEO Insider Purchase
The CEO of $EXAS just reported the purchase of ~$1M of the company's stock.
This is the first insider purchase we have EVER seen at Exact Sciences. https://t.co/cuT7meWNvY
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Startup Archive
The advice from Paul Graham that helped Airbnb find product/market fit
“Paul Graham gave us a series of advice that probably changed our business for ever… He basically said: ‘It’s better to have 100 customers that love you than a million customers that just sort of like you.’”
Airbnb founder Brian Chesky continues:
“If you have 100 people who absolutely love your product, they’ll tell 100 people, and they’ll tell 100 people, and this thing will grow virally. In fact, almost all movements in history have grown this way as well—there are deeply passionate followers and they grow it, and they’re customer advocates.”
He contrasts this to the general wisdom in Silicon Valley of: “I need to build this app. It needs have this viral coefficient. I need to get millions of people to use it. And they need to like it enough to share it.”
Brian argues that this is the wrong way to think about building a great product. And once they stopped worrying about millions of people, it was totally freeing.
At this moment, the Airbnb founding team decided to get 100 people to love them, they would do things that don’t scale:
“Getting 100 people to love you means you need to meet them and understand their problem. We would fly during Y Combinator from Mountain View to New York and we would go door to door and meet with everyone of our hosts and literally live with them.”
This was a huge inflection point for the company.
“And once you have 100 people, you just focus on figuring out how to scale that. It’s a totally different intellectual problem to scale something 100 people love than to figure out [how to get 1 million people who like you to love you]. And that was the turning point for us.”
Video source: @GreylockVC (2015)
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Stock Analysis Compilation
Munro on Vertiv $VRT US
Thesis: Vertiv is set to double its earnings as AI-driven demand for advanced data centers surges, making it a critical partner for tech giants and hyperscalers worldwide.
(Extract from their Q3 letter) https://t.co/aFlYvY147V
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Hidden Value Gems
Should be an exciting reading on some of Buffett’s early investments. We are all keen to learn the method of generating 50% returns annually!
Thank you for writing this book, @brettgardner_10 🙌
cc @Investbythebook https://t.co/p2yFdlWHY0
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Stock Analysis Compilation
Hedge funds' best ideas #18 is in your inbox 🔥
(link below)
Includes links to the Q3 letters from Alta Fox / Aoris / Aristotle / Choice Equities CM / Clearbridge / Conestoga / Donville Kent / Greenlight / Greystone CM / Guinness GI / Harding Loevner / Massif Capital / Middle Coast Investing / Munro / Oakmark / Third Point / Tidefall Capital / Wedgewood Partners / White Brook Capital
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Quiver Quantitative
JUST IN: Representative María Salazar has bought more stock in Antero Resources, $AR.
Antero Resources is an oil and natural gas company.
Salazar started buying stock in the company back in August.
We have not seen any other politicians trade the stock in over two years. https://t.co/SrbA9MycKx
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Dimitry Nakhla | Babylon Capital®
$SAVE files for bankruptcy, to be expected 📉
#stocks #investing
WHY YOU SHOULD AVOID INVESTING IN AIRLINES ⚠️
First, let’s take a look at the last 5-year returns of 4 major airlines:
1) $AAL -67% (American Airlines)
2) $UAL -32% (United Airlines)
3) $JBLU -63% (JetBlue)
4) $DAL -34% (Delta)
Why do airlines post such poor results for investors? It’s simple. On average, here are the economics of the sector:
COST OF CAPITAL: ~8%
RETURN ON CAPITAL (ROIC): ~4%
Would you want to own a business that pays $8 just to receive $4 in return?
Of course not. Airlines BLEED MONEY EVERY DAY.
As Warren Buffett asserted in his 2007 Shareholder Letter $BRK.B $BRK.A:
“The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think AIRLINES ... The airline industry's demand for capital ever since that first flight has been insatiable.
Investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it. And I, to my shame, participated in this foolishness when I had Berkshire buy U.S. Air preferred stock in 1989.”
#stocks #investing
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Stock Analysis Compilation
Choice Equities CM on Hain Celestial Group $HAIN US
Thesis: Hain Celestial’s new management is driving a turnaround with a focus on organic growth and profitability in the natural products sector, positioning the company for strong future gains
(Extract from their Q3 letter) https://t.co/TwI6bG3Bnb
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Investing visuals
$AXON is quietly turning into a software powerhouse, growing as fast as high-flyers like Crowdstrike $CRWD and Palantir $PLTR.
This company deserves more attention. https://t.co/I4hXP5hxv1
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AkhenOsiris
RT @heartbreakout: Does the gap between $nvda and $amd shrink as we move from training to more inference? I’ve heard differing opinions. Anyone have a view?
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Quiver Quantitative
RT @InsiderRadar: 🚨 JUST IN: Massive New Insider Purchase
Joshua Kushner, a co-founder at $OSCR, just reported the purchase of ~$14.4M of the company's stock.
Kushner is also the founder of Thrive Capital, and is the brother of Jared Kushner (Donald Trump's son-in-law and fmr. advisor). https://t.co/uGiDd53OTZ
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Quiver Quantitative
BREAKING: Matt Gaetz has been chosen to serve as Trump's attorney general.
Gaetz recently gave a speech on suspicious congressional stock trades.
"Fire your financial advisor - just follow the Quiver Quantitative account on X" https://t.co/NWlkY06Nzb
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Dimitry Nakhla | Babylon Capital®
As a long-term investor, accept that even your best stocks may experience several flat years & periods of underperformance
When asked about handling years of consolidation in his concentrated portfolio, Dev Kantesaria (Valley Forge) shared incredibly invaluable insights‼️
“Yeah, I think temperament is hugely important in investing. We don't get happy when the stock price goes up, and we don’t get sad when it goes down. We are completely focused on bottom-up fundamentals.
The fact that their share prices were flat for a year or two didn’t bother us in the least. We're all about what these companies look like five years from now, ten years from now.
You’ll see that in our portfolio—you’ll see periods where there’s a year or two where there’s a pause, where returns don’t look very exciting, and then we have massive spurts.
That’s just the nature of investing. We don’t determine whether we’ve had a good year or a bad year based on our portfolio's appreciation.
We decide whether we've had a good year or a bad year by the underlying earnings and whether the businesses have increased their business quality, their margins, and how they’ve allocated capital.
That ability to avoid being influenced by share prices in terms of your thinking, being patient, and disciplined across those periods is hugely important to being a successful investor.”
#stocks #investing
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App Economy Insights
$TCEHY Tencent Q3 FY24:
Revenue +8% Y/Y to RMB167B ($23B).
🎮 Gaming +13%
💬 Social Networks +4%
📢 Marketing Services +17%
💳 Business +2%
Weixin/WeChat: 1.38M MAU (+3% Y/Y). https://t.co/WOXPX2vt6H
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Value Spotlight (Andrew Sather)
When to add Line Item to ROIC Calculator (Tutorial):
Invested Capital for $WMT https://t.co/0HhdAs1Che
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Quiver Quantitative
BREAKING: John Thune has been elected as Senate Majority Leader.
Thune has a net worth of $700K, per our estimates.
We have seen him trade stock just once while in office - a 2022 sale of $IRT. https://t.co/Aqx63YFqif
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Investing visuals
Spotify $SPOT 🎵 vs. Netflix $NFLX 🍿
Whose your favorite?
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Investing visuals
Palantir $PLTR seems like an unstoppable rocket ship, hitting new all-time-highs📈
The market’s now betting on 30% FCF growth for the next 10 years. Let’s see how it all plays out 🤷♂️ https://t.co/y4aR3IJhN7
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Investing visuals
Spotify $SPOT delivery a strong Q3 and really turned on the cash printer lately. Here's everything you need to know👇 https://t.co/RPVPDm7ee3
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Quiver Quantitative
RT @InsiderRadar: $SMLR has risen over 6% this morning, and is now up 8% since an insider purchase was reported yesterday https://t.co/JbaCFvvUdr
🚨 JUST IN: New Insider Purchase
A director of $SMLR has reported the purchase of ~$1.9M of the company's stock.
The stock rose over 35% between when the trade was made (on 11/7) and when it was reported.
This is only the first insider purchase at the company in over a year.
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Quiver Quantitative
When you don't even make a million dollars in the market in a day: https://t.co/Vg7OaTiZt1
Asked Pelosi how she’s doing.
“Terrible,” she said
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Quiver Quantitative
RT @InsiderRadar: 🚨BREAKING: 3 large new insider purchases
Rockwell Automation, $ROK - $2m purchase by CFO
Heidrick & Struggles, $HSII - $230k purchase by CEO
Highpeak Energy, $HPK - $240k purchase by CEO
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Quiver Quantitative
Congress net worth leaderboard at market close.
Pelosi is one of the few winners in the stock market today. https://t.co/z94oIvGCy3
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Stock Analysis Compilation
White Brook Capital on Wayfair $W US
Thesis: Wayfair is well-positioned to capitalize on a housing recovery and is expected to thrive even in the face of potential tariffs, with strong free cash flow generation ahead
(Extract from their Q3 letter) https://t.co/atuIC0sSXh
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AkhenOsiris
RT @SaaSletter: 🤔 Quick take: With @theinformation "OpenAI Shifts Strategy as Rate of ‘GPT’ AI Improvements Slows" (h/t @steph_palazzolo) receiving a *lot* of attention this weekend ->
The early returns on AI ROI, *suggest* that *current* models are *sufficient* to justify the levels of AI enthusiasm in a *B2B* context.
See studies from @ICONIQGrowth, Morgan Stanley, ETR, Bain - see attachment.
Beyond ROI, I would note that some of the factors noted in The Information article (like a data wall) do not necessarily map to B2B use cases (i.e. corporations have stores of data to use that are not available to rate of progress for ChatGPT style models). Further, the quality improvements in open source models is a *very* positive development for long-term viability of AI in B2B settings.
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