A 🤯🤯🤯 episode
If you love investing, you will not find someone as passionate AND knowledgeable as
@GavinSBaker
I call him often with investing ?s because his thinking is so clear
Today, you get to hear him absolutely cook on semis, data centers, leaders & a ton more
Wow
Periodic reminder that valuing stocks using PEs doesn’t make sense. Important / difficult part of the job is knowing when a 10x PE stock is expensive and 30x PE stock is cheap.
Each day I wake up to a country I don’t recognise.
Everyone’s a foreigner and I get called a bigot if I notice that.
I used to be friends with all my neighbours.
But they moved out and the new ones don’t speak English.
We don’t make eye contact when we walk past each other
🏋️ I made a Deadlift ETF with only companies with CEOs that lift weights or do fight sports (not just cardio)
It outperforms the S&P500 by 140% or 2.4x over the last 4 years!
Lifting weights = $$$
Every stock I wrote up in my quarterly has done poorly vs everything else I own in the portfolio.
My next quarterly will be full of meaningless catch phrases and platitudes about investing.
So much skepticism on ROI on AI!
Customer service is $500b in annual spend.
Coding, analytics, datascience probably similar in aggregate (maybe much more).
And that is just potential cost savings.
Stock vs. flow issue when comparing mkt cap to these numbs.
When you’re long a 9x sales “disruptoooor” with more red flags than a Communist rally competing in a technically challenging, capex intensive industry with very competent incumbents…
The rental market could be hit with droves of landlords looking to list their investment properties for sale, stripping back available rentals further in already tight conditions >
Don’t have a strong view on this either way, but if AI turns out to be a complete waste of time and money, ppl will prob tweet about how Tim Apple was such a good capital allocator. $aapl