Posts
Nike stock trading at 27.5x forward earnings make zero sense after these earnings. The slow bleed may continue
I've been following Nike for a while, and management's entire thesis in recent times has been that they're in the middle of a deliberate, sequenced comeback. They've comitted a few strategic blunders following the Covid period (such as going all in on the direct to consumer model, flooding the market …
AMZN Extremely Undervalued
I ran a conservative DCF on AMZN and the results speak for themselves. AMZN is currently trading at 28.5× earnings and 17.4× operating cash flow both 29% below their 5-year averages of 52.1× and 21.2× respectively. The market seems to be underpricing the business despite revenue growing at +14.2% YoY …
Zuck Woke Up and Chose Violence Against Neoclouds
What many of us suspected occurred today just before market open: META will be selling the excess capacity it built out. Neoclouds and semis are down big on this news while META is poised for a massive gap up, seems to also be giving a lift to some of the …
Is AI sustainable at current scale?
I'm not one of them who says AI is not a thing. AI is certainly a thing but currently AI is in pilot phase and it has to establish itself as a profitable model. Market doesn't work long term on hope and hype, it needs numbers and they don't have …
AI’s Next Trillion-Dollar Bottleneck Might Be Light
Everyone talks about GPUs, power demand and data centers, but I think one of the more interesting long-term bottlenecks is being overlooked: **photonics**. The basic idea is simple. As AI clusters get larger, the problem is not only compute. It is also data movement. GPUs, servers and racks need to …
LVMH, Moët Hennessy Louis Vuitton ($MC) a French Luxury giant for a global wealth recovery play
For a quick refresher, LVMH is the world’s dominant luxury goods conglomerate, managing a portfolio of 75 prestigious houses across fashion, leather, jewelry, and spirits. They are the active brand engine behind massive, globally recognized status symbols like Louis Vuitton, Dior, Tiffany & Co., and Hennessy. Global demand for ultra-luxury …
I’m struggling with how to value semis when the earnings are real but probably not normal
I keep seeing the same argument around semiconductors: “it’s not a bubble because the earnings growth is real.” I don’t totally disagree with that. NVDA, AMD, MU, and the rest of the AI hardware chain are not random 2021 SPACs with no revenue. There is real demand here. Data centers …
Berkshire Hathaway now owns 10.32% of Marubeni Corp. and 10.83% of Mitsui & Co., LTD - disclosure filing with Japan FSA (in Japanese)
Marubeni: [https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YO0N.pdf?sv=2020-08-04&st=2026-07-01T09%3A52%3A37Z&se=2031-07-01T15%3A00%3A00Z&sr=b&sp=rl&sig=m66kSbwZhaJPCeD8PiyBo9HrgoDtJqMFpuIammlWznk%3D](https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YO0N.pdf?sv=2020-08-04&st=2026-07-01T09%3A52%3A37Z&se=2031-07-01T15%3A00%3A00Z&sr=b&sp=rl&sig=m66kSbwZhaJPCeD8PiyBo9HrgoDtJqMFpuIammlWznk%3D) Mitsui: [https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YO1O.pdf?sv=2020-08-04&st=2026-07-01T09%3A52%3A28Z&se=2031-07-01T15%3A00%3A00Z&sr=b&sp=rl&sig=KRHDYQoqKugzN2cL9DclIW8sXlB0V1cdipSk4jVXSFg%3D](https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100YO1O.pdf?sv=2020-08-04&st=2026-07-01T09%3A52%3A28Z&se=2031-07-01T15%3A00%3A00Z&sr=b&sp=rl&sig=KRHDYQoqKugzN2cL9DclIW8sXlB0V1cdipSk4jVXSFg%3D) Berkshire Hathaway's ownership of Marubeni crossed the reporting threshold on June 25th, Mitsui on June 24th. After the disclosures last May for increases in ownership of Sumitomo and Mitsubishi, I expect that we'll see a future Berkshire Hathaway filing for Itochu Corporation.
What do you guys think about the theory of an AI-bubble?
I watched the diary of a CEO where Jeremy Grantham argued that we are experiencing an AI-bubble right now which will eventually burst. Looking at the graphs of 10 years for most of the tech companies right now I realized it kind of makes sense as they are experiencing the …
I built SaaS in four weeks only using Claude Code
About four weeks ago I decided to start building a CRM tool that is specialized in Customer support. I had decided to build this after having four experiences related to customer support that, in my opinion, were quite inefficient. I have used Claude Code and since two weeks i have …