Posts
$NKE: Wholesale up 9%, Direct down 6%. Demand recovery or channel stuffing?
Nike’s latest numbers look like an early turnaround on the surface, but the underlying mechanics are mixed: North American wholesale grew 9%, while Direct dropped 6%. Meanwhile, gross margin ticked up 60 bps, but absolute gross profit dollars shrank \~3%. Restoring wholesale accounts explains the wholesale spike. But filling the …
November Outlook
I think November is going to bring an exciting end to this year. With US Mid-Term elections coming up and the much anticipated Anthropic’s IPO following suit (all while earning season in full swing), just wondering how are you guys positioning yourself and your views. Personal, I feel Anthropic IPO …
Selling is harder than buying
I find selling a lot harder than buying. Buying is usually pretty straightforward. I can look at a business, estimate a range of outcomes, compare that to the price and decide whether I'm being paid enough. Selling is messier because now I have history with the position. I’ve sold stocks …
Broadcom Eyes $50 Billion of Debt for OpenAI, on Top of Anthropic's $60 Billion
Both frontier-lab customers now appear to have Broadcom-linked financing in motion, with $110 billion of reported raises against $48.96 billion of net debt today. Broadcom is reportedly pursuing a $50 billion debt financing to fund AI chips for a major AI research laboratory. This is a different customer and a …
Stellantis' recovery question
I know Stellantis is one of the most hated names, especially on Reddit. But I think around €3.9-€4 a share, this is really hard to ignore. Stellantis had a decent first half of 2026, with AOI margin recovered to low single digits, full-year guidance reaffirmed, and positive industrial FCF expected …
The investor with 66% annual returns ended up 4× poorer than the one with 22%. Housel's point about time, with an Indian example.
From Morgan Housel, The Psychology of Money (2020): \- Jim Simons compounded at 66% a year since 1988. Net worth at the time of writing: $21B. \- Warren Buffett compounded at roughly 22%. Net worth: $84.5B. \- Buffett started serious investing at 10; Simons found his stride at 50. \- …
Value Investment: Exor (Ferrari)
Recently I’ve been looking at building a position in Exor. Its the holding company of the Italian family that owned Fiat and is trading at a massive discount. What I like about Exor is it’s a double-whammy: a great asset and a discount. Their largest asset is a €13B stake …
Top 3 points I gleaned from a recent “global market outlook” event.
I don’t usually attend these because my feeling is that if market strategists/economists could make predictions accurately they would be wildly rich. And yet there aren’t many economists or market strategists in the Forbes rich list. But I did tune in to this session, just to get a sense what …
SoFi: The Stablecoin Opportunity
SoFi is one of the only nationally chartered banks issuing its own stablecoin. Here's why that could matter more than the market is pricing in.
Jersey Mike's and Applovin are my next bets
Bois! This sub has helped me out a lot and this post is more of a journaling excercise, but I'm also open to discussion regarding my 2 big position where I'll be investing all of my idle capital (that I've kept aside for short term trade ideas) 1. Applovin - …