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Fiscal.ai
7 quality companies trading at their cheapest valuations ever:
1. Airbnb $ABNB
EV/EBIT: 22.6x https://t.co/QKzcWeWFTu
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7 quality companies trading at their cheapest valuations ever:
1. Airbnb $ABNB
EV/EBIT: 22.6x https://t.co/QKzcWeWFTu
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Dimitry Nakhla | Babylon Capitalยฎ
Visa was JUST trading at a 4% FCF yield & legendary investor Chris Hohn increased his $V stake by +47%, making it 18% of TCI Fund ๐ต
Hereโs what $V has returned (CAGR %) each time it hit a 4% FCF yield for the first time in a given year since 2016
1. +17.8% CAGR | (1/19/16)
2. +16.2% CAGR | (9/27/17)
3. +15.6% CAGR | (2/8/18)
4. +12.2% CAGR | (8/5/19)
5. +15.6% CAGR | (3/16/20)
6. +17.1% CAGR | (3/7/22)
7. +18.0% CAGR | (9/21/23)
8. +13.9% CAGR | (4/24/24)
9. โ | (11/14/25)
___
๐๐๐๐๐๐๐๐๐๐โผ๏ธ
๐๐ก๐ข๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐๐จ๐ซ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ ๐๐๐ฎ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐๐ฌ ๐จ๐ง๐ฅ๐ฒ ๐๐ง๐ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐๐จ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ฏ๐ข๐๐, ๐๐ง ๐จ๐๐๐๐ซ, ๐จ๐ซ ๐ ๐ฌ๐จ๐ฅ๐ข๐๐ข๐ญ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐ฎ๐ฒ ๐จ๐ซ ๐ฌ๐๐ฅ๐ฅ ๐๐ง๐ฒ ๐ฌ๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ.
๐๐๐๐ฒ๐ฅ๐จ๐ง ๐๐๐ฉ๐ข๐ญ๐๐ฅยฎ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐ซ๐๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ๐๐ญ๐ข๐ฏ๐๐ฌ ๐ฆ๐๐ฒ ๐ก๐จ๐ฅ๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐๐ฎ๐ซ๐ข๐ญ๐ข๐๐ฌ ๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ๐๐. ๐๐ง๐ฒ ๐จ๐ฉ๐ข๐ง๐ข๐จ๐ง๐ฌ ๐๐ฑ๐ฉ๐ซ๐๐ฌ๐ฌ๐๐ ๐๐ซ๐ ๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ญ๐ ๐จ๐ ๐ฉ๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐ฌ๐ฎ๐๐ฃ๐๐๐ญ ๐ญ๐จ ๐๐ก๐๐ง๐ ๐ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐ง๐จ๐ญ๐ข๐๐.
๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ก๐๐ฌ ๐๐๐๐ง ๐จ๐๐ญ๐๐ข๐ง๐๐ ๐๐ซ๐จ๐ฆ ๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐๐ ๐ญ๐จ ๐๐ ๐ซ๐๐ฅ๐ข๐๐๐ฅ๐ ๐๐ฎ๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐๐ ๐๐ฌ ๐ญ๐จ ๐๐๐๐ฎ๐ซ๐๐๐ฒ ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐๐ง๐๐ฌ๐ฌ. ๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐ซ๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ.
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Visa was JUST trading at a 4% FCF yield & legendary investor Chris Hohn increased his $V stake by +47%, making it 18% of TCI Fund ๐ต
Hereโs what $V has returned (CAGR %) each time it hit a 4% FCF yield for the first time in a given year since 2016
1. +17.8% CAGR | (1/19/16)
2. +16.2% CAGR | (9/27/17)
3. +15.6% CAGR | (2/8/18)
4. +12.2% CAGR | (8/5/19)
5. +15.6% CAGR | (3/16/20)
6. +17.1% CAGR | (3/7/22)
7. +18.0% CAGR | (9/21/23)
8. +13.9% CAGR | (4/24/24)
9. โ | (11/14/25)
___
๐๐๐๐๐๐๐๐๐๐โผ๏ธ
๐๐ก๐ข๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐๐จ๐ซ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ ๐๐๐ฎ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐๐ฌ ๐จ๐ง๐ฅ๐ฒ ๐๐ง๐ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐๐จ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ฏ๐ข๐๐, ๐๐ง ๐จ๐๐๐๐ซ, ๐จ๐ซ ๐ ๐ฌ๐จ๐ฅ๐ข๐๐ข๐ญ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐ฎ๐ฒ ๐จ๐ซ ๐ฌ๐๐ฅ๐ฅ ๐๐ง๐ฒ ๐ฌ๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ.
๐๐๐๐ฒ๐ฅ๐จ๐ง ๐๐๐ฉ๐ข๐ญ๐๐ฅยฎ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐ซ๐๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ๐๐ญ๐ข๐ฏ๐๐ฌ ๐ฆ๐๐ฒ ๐ก๐จ๐ฅ๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐๐ฎ๐ซ๐ข๐ญ๐ข๐๐ฌ ๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ๐๐. ๐๐ง๐ฒ ๐จ๐ฉ๐ข๐ง๐ข๐จ๐ง๐ฌ ๐๐ฑ๐ฉ๐ซ๐๐ฌ๐ฌ๐๐ ๐๐ซ๐ ๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ญ๐ ๐จ๐ ๐ฉ๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐ฌ๐ฎ๐๐ฃ๐๐๐ญ ๐ญ๐จ ๐๐ก๐๐ง๐ ๐ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐ง๐จ๐ญ๐ข๐๐.
๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ก๐๐ฌ ๐๐๐๐ง ๐จ๐๐ญ๐๐ข๐ง๐๐ ๐๐ซ๐จ๐ฆ ๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐๐ ๐ญ๐จ ๐๐ ๐ซ๐๐ฅ๐ข๐๐๐ฅ๐ ๐๐ฎ๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐๐ ๐๐ฌ ๐ญ๐จ ๐๐๐๐ฎ๐ซ๐๐๐ฒ ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐๐ง๐๐ฌ๐ฌ. ๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ ๐๐จ๐๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐๐ซ๐๐ง๐ญ๐๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐ซ๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ.
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Fiscal.ai
Is Nubank the fastest growing bank in the world?
$629 million โ $38.8 billion in customer deposits in 7 years.
Outrageous growth.
$NU https://t.co/IZYeruehJ5
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Is Nubank the fastest growing bank in the world?
$629 million โ $38.8 billion in customer deposits in 7 years.
Outrageous growth.
$NU https://t.co/IZYeruehJ5
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Fiscal.ai
ASML sells fewer than 500 units per year and generates $37 billion in revenue.
Is there any company in the world with a wider moat?
$ASML https://t.co/N8fSDsr6jT
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ASML sells fewer than 500 units per year and generates $37 billion in revenue.
Is there any company in the world with a wider moat?
$ASML https://t.co/N8fSDsr6jT
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WealthyReadings
RT @WealthyReadings: ๐จ EVERYONE IS GETTING THE $META ร $GOOG ร $NVDA DRAMA WRONG
The reality isn't that $META chose TPUs.
The reality is that $META needs always more compute.
This situation should be the signal the market was looking for to accept that the AI trade and the compute supply constraint is real, for longer.
$META's been starving for compute for months. They built datacenters at full speed, took on debt, went to external providers, got rejected by $NBIS and probably other neoclouds.
$META cannot find compute.
And $NVDA's GPUs are getting longer to produce due to deeper personalization.
Payment delays + inventories do not translate demand issues, they translate supply chain constraints. GPUs just canโt be produced and customized fast enough.
So $META turning to $GOOG isnโt about โbetter infra.โ Itโs about $GOOG having an independent pipeline and possibly some capacity left or soon to be online, while others donโt.
This isnโt a loss for $NVDA. Itโs a symptom of overwhelming compute demand.
You'll find detailed content below to go further in all the concepts shared here. Everything is data backed.
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RT @WealthyReadings: ๐จ EVERYONE IS GETTING THE $META ร $GOOG ร $NVDA DRAMA WRONG
The reality isn't that $META chose TPUs.
The reality is that $META needs always more compute.
This situation should be the signal the market was looking for to accept that the AI trade and the compute supply constraint is real, for longer.
$META's been starving for compute for months. They built datacenters at full speed, took on debt, went to external providers, got rejected by $NBIS and probably other neoclouds.
$META cannot find compute.
And $NVDA's GPUs are getting longer to produce due to deeper personalization.
Payment delays + inventories do not translate demand issues, they translate supply chain constraints. GPUs just canโt be produced and customized fast enough.
So $META turning to $GOOG isnโt about โbetter infra.โ Itโs about $GOOG having an independent pipeline and possibly some capacity left or soon to be online, while others donโt.
This isnโt a loss for $NVDA. Itโs a symptom of overwhelming compute demand.
You'll find detailed content below to go further in all the concepts shared here. Everything is data backed.
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WealthyReadings
RT @mvcinvesting: I see many investors more focused on looking smart than actually making money.
Iโm not defending speculators who chase every hyped stock, but dismissing an opportunity just because it's not unknown while bragging about some fishy 3x PE stock isnโt the flex you think it is.
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RT @mvcinvesting: I see many investors more focused on looking smart than actually making money.
Iโm not defending speculators who chase every hyped stock, but dismissing an opportunity just because it's not unknown while bragging about some fishy 3x PE stock isnโt the flex you think it is.
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Fiscal.ai
There are only 15 software companies in North America that have:
5yr Revenue CAGR: >30%
&
EV/Gross Profit: <5x https://t.co/v67SfYXf6j
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There are only 15 software companies in North America that have:
5yr Revenue CAGR: >30%
&
EV/Gross Profit: <5x https://t.co/v67SfYXf6j
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EndGame Macro
A High Without Momentum And The Real Story Behind the Median Income Chart
Once you dig into the Census Bureauโs own release, the story shifts. Theyโre very clear that the 2024 median income isnโt statistically different from 2023 or even from 2019. In plain English, that means the typical household today is standing in basically the same spot it was before Covid, once you adjust for inflation. The bump on the chart looks meaningful, but the data itself doesnโt support that kind of victory lap.
The Lived Experience Doesnโt Line Up
Even if you accept the number at face value, the lived reality for most families tells you something else. Housing, childcare, groceries, insuranceโฆthose are the bills people canโt avoid, and theyโve risen much faster than the broad inflation adjustment used in the headline number. So a flat median income ends up feeling like a step backward. People arenโt imagining the squeeze. When the Census report notes that wage gains were effectively erased by higher costs, it lines up with what you hear from almost anyone trying to balance a family budget right now.
The Median Masks Uneven Ground
The other issue is that a single median number glosses over enormous differences across groups. The Census data show that Hispanic and Asian households made real progress, while Black households actually saw a decline and White households saw no statistically meaningful change. Only Hispanic households are clearly better off today than they were in 2019. That means the overall number is being pulled upward by a few pockets of improvement while others are barely hanging on. Itโs a national average stitched together from very different economic realities.
Data Footnotes Matter More Than People Think
There are also technical quirks youโd never know from looking at the chart. The Census updated its migration estimates and flagged increased nonresponse bias for Hispanic households, which means some of the reported gains might reflect who answered the survey, not just actual economic improvement. This doesnโt invalidate the data, but it does mean you shouldnโt use it as proof that American households broadly surged ahead.
The Real Story Beneath the Headline
When you put all of this together, the picture is much more grounded. Household income isnโt collapsing, but itโs not breaking new ground either. Most families are dealing with higher costs that eat away at whatever nominal progress they see. And the small gains that do exist are concentrated in certain groups, not shared across the board. So the headline isnโt technically false, itโs just incomplete. It stretches a flat, uneven reality into something that sounds like economic momentum. And thatโs why it doesnโt resonate with what people feel in their own lives.
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A High Without Momentum And The Real Story Behind the Median Income Chart
Once you dig into the Census Bureauโs own release, the story shifts. Theyโre very clear that the 2024 median income isnโt statistically different from 2023 or even from 2019. In plain English, that means the typical household today is standing in basically the same spot it was before Covid, once you adjust for inflation. The bump on the chart looks meaningful, but the data itself doesnโt support that kind of victory lap.
The Lived Experience Doesnโt Line Up
Even if you accept the number at face value, the lived reality for most families tells you something else. Housing, childcare, groceries, insuranceโฆthose are the bills people canโt avoid, and theyโve risen much faster than the broad inflation adjustment used in the headline number. So a flat median income ends up feeling like a step backward. People arenโt imagining the squeeze. When the Census report notes that wage gains were effectively erased by higher costs, it lines up with what you hear from almost anyone trying to balance a family budget right now.
The Median Masks Uneven Ground
The other issue is that a single median number glosses over enormous differences across groups. The Census data show that Hispanic and Asian households made real progress, while Black households actually saw a decline and White households saw no statistically meaningful change. Only Hispanic households are clearly better off today than they were in 2019. That means the overall number is being pulled upward by a few pockets of improvement while others are barely hanging on. Itโs a national average stitched together from very different economic realities.
Data Footnotes Matter More Than People Think
There are also technical quirks youโd never know from looking at the chart. The Census updated its migration estimates and flagged increased nonresponse bias for Hispanic households, which means some of the reported gains might reflect who answered the survey, not just actual economic improvement. This doesnโt invalidate the data, but it does mean you shouldnโt use it as proof that American households broadly surged ahead.
The Real Story Beneath the Headline
When you put all of this together, the picture is much more grounded. Household income isnโt collapsing, but itโs not breaking new ground either. Most families are dealing with higher costs that eat away at whatever nominal progress they see. And the small gains that do exist are concentrated in certain groups, not shared across the board. So the headline isnโt technically false, itโs just incomplete. It stretches a flat, uneven reality into something that sounds like economic momentum. And thatโs why it doesnโt resonate with what people feel in their own lives.
Adjusted for inflation, the median household income for Americans in 2024 was *the highest itโs ever been* https://t.co/qMesQvJyx0 tweet