⁠Quiver Quantitative
RT @InsiderRadar: 🚨 New CEO Insider Purchase

The CEO of $ENPH has reported the purchase of ~$300K of the company's stock.

This is the second insider purchase he has reported in the last week
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⁠Capital Employed
Some very interesting ideas here...

Our usual quarterly post. 🚨

What's your favorite small/microcap (sub $1 billion) idea right now?

Do feel free to retweet so we can gather more ideas 👍 - Capital Employed
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⁠Stock Analysis Compilation
Brandes on Takeda Pharmaceutical $4502 JP

Thesis: Takeda’s strategic deleveraging and diversified drug pipeline, combined with strong market positioning, offer compelling upside despite recent challenges

(Extract from their Q3 letter) https://t.co/BiVuYpeXvT
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⁠Hidden Value Gems
Enjoyed Sohn London 2025 conference yesterday, quite a few ideas including @muddywatersre short thesis on $ELF.

The ones I found most exciting are:

1/ $UBI.PA

2/ $YOU.L

3/ $BORR https://t.co/Wd4XGEbYgR
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⁠Hidden Value Gems
Victor Haghani (ex LTCM) will be speaking at LSE on 2 December on "Why I stopped picking stocks: the risk matters hypothesis".

Free to attend, should be interesting 👇 https://t.co/xufTKIXbfB
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⁠Investing visuals
NVIDIA $NVDA Q3 highlights:

🔹AI enterprise revenue is set to grow >200%
🔹Blackwell is now in full production
🔹Staggering demand for its Blackwell chip

The Blackwell cycle is just beginning and likely to exceed expectations.

Here's $NVDA at a glance (Q3 update)👇 https://t.co/R6hHmrHtfD
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⁠Stock Analysis Compilation
Epoch IP on Lloyds Banking Group $LLOY LN

Thesis: Lloyds’ dominant retail banking position, robust balance sheet, and strong capital return strategy make it a compelling play for consistent income and shareholder value growth

(Extract from their Q3 letter) https://t.co/XMDAtNESir
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⁠Startup Archive
RT @alixpasquet: Good lesson for public investors too

Legendary VC Bill Gurley on why “TAM conservatism” often hurts investors

“I’ve found that TAM conservatism hurts you more than it helps you as an investor. If you feel like something is super disruptive and it’s unlocking things, your optionality to build on top of that is going to be pretty spectacular.”

Bill recalls NYU professor Aswath Damodaran’s conclusion that Uber was worth only $5.9 billion given the size of the taxi market.

Bill responded in a blog post titled “How to Miss By a Mile”:

“There are multiple reasons why this is a flawed assumption. When you materially improve an offering, and create new features, functions, experiences, price points, and even enable new use cases, you can materially expand the market in the process. The past can be a poor guide for the future if the future offering is materially different than the past.”

To be fair to Aswath, Bill already knew that Uber was 20x the size of the taxi market in San Francisco at the time.

But Bill cites a McKinsey study as another classic example. In 1980, they predicted that cell phone penetration in the U.S. by 2000 would be 900,000 units. This turned out to be less than 1% of the actual figure, 109 million.

As Box CEO Aaron Levie put it:

“Sizing the market for a disruptor based on an incumbent’s market is like sizing the car industry off how many horses there were in 1910.”

Today Uber’s market capitalization is north of $150 billion—almost 30x Aswath’s estimate.

Video source: @tferriss (2023) - Startup Archive
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⁠Startup Archive
RT @ArthurMacwaters: 1) this is incredibly valuable type of user feedback

2) these users are hard to get a hold of (because they’re harder to spot and leave less info) but if you can, they tell you absolute gems 💎

Twitch founder Emmett Shear on the best users to talk to for finding product/market fit

Many startup founders will only talk to the most active users of their product.

But as Emmett explains, one of the most valuable things he learned early on at Twitch was that the people who were using competitor products had the best insights:

“The people who have chosen to not use your product—especially if they deliberately looked at, decided it sucked, and went somewhere else—are some of the best people to talk to because they know what’s wrong with it.”

Video source: @StanfordOnline (2017) - Startup Archive
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⁠Dimitry Nakhla | Babylon Capital®
$ASML currently trading at the lower end of its historical valuation range, despite maintaining robust growth prospects & a wide moat 💸

#stocks #investing https://t.co/NPRouhc09g
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⁠Stock Analysis Compilation
Miller Value on Quad Graphics $QUAD US

Thesis: Quad Graphics’ undervaluation and strategic transformation into a marketing experience company present significant upside potential, supported by strong cash flow and asset monetization.

(Extract from their Q3 letter) https://t.co/jyGupH35Kc
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