Posts
The inflationary, “K”-shaped T—-p economy
US Meatpacking ($TSN, $SFD, $PPC): Cheap enough?
The US's largest domestic protein producers screen relatively attractively when viewed across the cycle, enjoy defensive demand, and have scale moats. However, each protein cycle is unique, and we might be approaching a time of great cost and demand disruption. This post goes over each of the company's segments, capital …
How AI Startups Hallucinate Their Revenue Metrics
Understanding the difference between cARR and actual ARR + how the metric gets gamed by founders looking to raise money.
Michael Mauboussin - Bayes and Base Rates 2.0
Klarna: Time To Be A Contrarian
Coatue Public Markets May 2026
Valuation of Insurance Brokers
Hello, I am looking for research material for insurance brokerages(Aon, Browns, Gallgher, etc) I am insurance advisor & account manager myself and considering recent slump in industry valuation I want to find long thesis for individual plays in the sector, but I am lacking valuation books/paper specifically for Insurance Brokerages/wealth …
Deep dive into Cerebras S-1
[A reading of the S-1\/A, with operational benchmarks against peers.](https://preview.redd.it/06ev2sf2fx0h1.png?width=1448&format=png&auto=webp&s=4acbff9f903a87c070de5ccc1498c0895b452e85) [Pressure-testing the Cerebras IPO](https://revelata.substack.com/p/pressure-testing-the-cerebras-ipo)