App Economy Insights
$META CapEx hit $18.8B in Q3.

Zuck is front-loading billions into Superintelligence

If you’re feeling déjà vu, you’re not alone.

Meta faced the same skepticism when it poured billions into the Metaverse.

The stock took a hit back then, too. https://t.co/X42w0p684m
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Quiver Quantitative
The Teacher's Retirement System of Texas has added around $29M of gold, $GLD, to its portfolio https://t.co/8zo1KSPCXM
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Dimitry Nakhla | Babylon Capital®
Mastercard is once again trading at a fairly compelling level $MA 💳 ($550) https://t.co/LPm5mmqSLn
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Clark Square Capital
RT @deusexdividend: $PINFRAL at 3.5x EBITDA with 40% of its market cap in cash (held in USD mind you). Steady growth. All you hear is crickets https://t.co/mufLSJgsyq

EV/EBITDA based on the annualized (weak) last Q is 3.52 for #PINFRA L shares. After accounting for minority interests, it is still below 4.5.

Ex-currency fluctuations, interest income is largely positive (big cash position).

For growing, inflation-linked revenue. $PINFRA - The Shed's Lars
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Clark Square Capital
Wen Presidential pardon bet for Phil Mickelson?

@Kalshi @Polymarket
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Dimitry Nakhla | Babylon Capital®
$FICO

$FICO -6%

Weekly mortgage applications for last week was +57% YOY on lower rates

Earnings & Guide will beat big https://t.co/iNGUwum8nJ - MacroValue
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Dimitry Nakhla | Babylon Capital®
$BKNG trades <20x NTM EPS, with mid-teens growth projected

At $5,077💵 today, $BKNG looks attractively valued relative to its growth potential https://t.co/tfk6hMeia6
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Hidden Value Gems
A good interview, haven’t read the book yet 👇🏼 https://t.co/I9MOxTMw6m
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Quiver Quantitative
JUST IN: A Polymarket trader just bet almost $20K that that Venezuelan leader Nicholas Maduro will be removed from power by the end of the year.

Odds are currently at 25%. https://t.co/WfnkUvL5tF
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