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Quiver Quantitative
RT @QuiverCongress: JUST IN: Representative Andy Ogles is reportedly proposing an amendment to the constitution to allow Trump to serve a third term.
Follow here for updates. https://t.co/WYvZP5iW73
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RT @QuiverCongress: JUST IN: Representative Andy Ogles is reportedly proposing an amendment to the constitution to allow Trump to serve a third term.
Follow here for updates. https://t.co/WYvZP5iW73
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InsideArbitrage
🚀 Twilio Shares Soar! (+14.81% After-Hours)
💰 Strong Guidance + New $2B Stock Buyback (thru Dec 31, 2027)
📊 The buyback equals ~11.5% of its current market cap, replacing the prior program (expired Dec 2024)
📉 Aggressive Buyback: Has reduced shares outstanding by ~15% over the last 6 qtrs
💵 9M ended Sep 30, 2024: Twilio repurchased 32M shares for $1.9B
💼 As of Sep 30, 2024, $412M remained available under prior authorizations
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🚀 Twilio Shares Soar! (+14.81% After-Hours)
💰 Strong Guidance + New $2B Stock Buyback (thru Dec 31, 2027)
📊 The buyback equals ~11.5% of its current market cap, replacing the prior program (expired Dec 2024)
📉 Aggressive Buyback: Has reduced shares outstanding by ~15% over the last 6 qtrs
💵 9M ended Sep 30, 2024: Twilio repurchased 32M shares for $1.9B
💼 As of Sep 30, 2024, $412M remained available under prior authorizations
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Capital Employed
FRESH OFF THE PRESS 🔥
Investor interview #106 with Dave Waters from @alluvialcapital
We discuss his new venture Tactile Fund LP,
diversification, currency debasement, AI,
2 stocks that are in the fund + much more. 👇
https://t.co/sxHRN0ZwhR https://t.co/D0lOOXvtbm
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FRESH OFF THE PRESS 🔥
Investor interview #106 with Dave Waters from @alluvialcapital
We discuss his new venture Tactile Fund LP,
diversification, currency debasement, AI,
2 stocks that are in the fund + much more. 👇
https://t.co/sxHRN0ZwhR https://t.co/D0lOOXvtbm
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AkhenOsiris
Anthropic CEO Amodei on AI, Stargate
While he raised questions about “Stargate,” Amodei said the Trump administration’s focus on building energy capacity for AI infrastructure inside the US is “a good thing.” He also expressed support for streamlining regulatory and permitting processes and downplayed the impact of Trump rescinding the Biden administration’s executive order on AI.
“The executive order was actually a relatively simple thing that didn’t do much,” Amodei said. The order, signed in 2023, had required artificial intelligence companies to share safety test results and other critical information for powerful AI systems with the federal government. “I think it was a good thing but also not a big deal that it’s being taken away.”
Amodei said Anthropic has had conversations with Trump’s team about AI policy. Amodei also said he hopes the new administration will continue Biden’s policy around chip exports restrictions on China, citing concerns about an authoritarian government gaining control of advanced AI technology.
“I’m very worried about 1984 scenarios, or worse,” he said.
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Anthropic CEO Amodei on AI, Stargate
While he raised questions about “Stargate,” Amodei said the Trump administration’s focus on building energy capacity for AI infrastructure inside the US is “a good thing.” He also expressed support for streamlining regulatory and permitting processes and downplayed the impact of Trump rescinding the Biden administration’s executive order on AI.
“The executive order was actually a relatively simple thing that didn’t do much,” Amodei said. The order, signed in 2023, had required artificial intelligence companies to share safety test results and other critical information for powerful AI systems with the federal government. “I think it was a good thing but also not a big deal that it’s being taken away.”
Amodei said Anthropic has had conversations with Trump’s team about AI policy. Amodei also said he hopes the new administration will continue Biden’s policy around chip exports restrictions on China, citing concerns about an authoritarian government gaining control of advanced AI technology.
“I’m very worried about 1984 scenarios, or worse,” he said.
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AkhenOsiris
BKNG showing some life finally
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BKNG showing some life finally
BKNG 13% off the high. Travel still robust.
BKNG nowadays a mature EPS and Rev grower, fwd PE at market multiple (low 20s).
AI risks to how travel will be booked may be a part of this, take rates going forward, etc.
HLT, MAR, UAL, DAL are all near their highs.
ABNB well off summer 2024 highs with its own challenges, while EXPE has fared better than BKNG of late. - AkhenOsiristweet
AkhenOsiris
Operator is going to make QA'ing a whole lot easier, and that's not even taking into account newer iterations and any offshoot that's primary purpose is to debug GUIs.
Not sure which products out there might suffer, but TEAM should be incorporating this type of product, whether external or made in-house, to auto log defects, and so on.
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Operator is going to make QA'ing a whole lot easier, and that's not even taking into account newer iterations and any offshoot that's primary purpose is to debug GUIs.
Not sure which products out there might suffer, but TEAM should be incorporating this type of product, whether external or made in-house, to auto log defects, and so on.
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AkhenOsiris
FT on Stargate:
Despite the flashy announcement, Stargate has not yet secured the funding it requires, will receive no government financing and will only serve OpenAI once completed, the people familiar with the initiative have said.
“The intent is not to become a data centre provider for the world, it’s for OpenAI,” said one of the people.
Another person close to the project said it was far from a fully developed plan: “They haven’t figured out the structure, they haven’t figured out the financing, they don’t have the money committed.”
Altman had been speaking to SoftBank chair Masayoshi Son for as long as two years about AI projects, including a new AI device, according to people familiar with the discussions.
While Altman’s infrastructure plans had been in the works for well over a year, “the idea of announcing it at the White House was not in the works for [as long]”, according to one person with knowledge of the project.
“There’s a real intent to do this, but the details haven’t been fleshed out,” said another person involved in the project. “People want to do splashy things in the first week of Trump being in office.”
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FT on Stargate:
Despite the flashy announcement, Stargate has not yet secured the funding it requires, will receive no government financing and will only serve OpenAI once completed, the people familiar with the initiative have said.
“The intent is not to become a data centre provider for the world, it’s for OpenAI,” said one of the people.
Another person close to the project said it was far from a fully developed plan: “They haven’t figured out the structure, they haven’t figured out the financing, they don’t have the money committed.”
Altman had been speaking to SoftBank chair Masayoshi Son for as long as two years about AI projects, including a new AI device, according to people familiar with the discussions.
While Altman’s infrastructure plans had been in the works for well over a year, “the idea of announcing it at the White House was not in the works for [as long]”, according to one person with knowledge of the project.
“There’s a real intent to do this, but the details haven’t been fleshed out,” said another person involved in the project. “People want to do splashy things in the first week of Trump being in office.”
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InsideArbitrage
In the latest installment of our Deal Postmortem series, we discuss the failed merger of The Kroger Company $KR with Albertsons $ACI.
On paper, it seemed like a deal that would create one of the largest grocery operators in the U.S. However, after holding out hope for two years, the deal collapsed under the weight of antitrust concerns, union backlash, multiple lawsuits, opposition from certain states, and ultimately, a federal court decision.
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In the latest installment of our Deal Postmortem series, we discuss the failed merger of The Kroger Company $KR with Albertsons $ACI.
On paper, it seemed like a deal that would create one of the largest grocery operators in the U.S. However, after holding out hope for two years, the deal collapsed under the weight of antitrust concerns, union backlash, multiple lawsuits, opposition from certain states, and ultimately, a federal court decision.
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Hidden Value Gems
“We spend last year trying to guess who the next US president will be. We are guessing now what Trump’s policies will mean for economies.”
- David Einhorn at Skagen Conference
I agree - prefer to focus on bottom-up ideas. https://t.co/Lldxh4IYCA
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“We spend last year trying to guess who the next US president will be. We are guessing now what Trump’s policies will mean for economies.”
- David Einhorn at Skagen Conference
I agree - prefer to focus on bottom-up ideas. https://t.co/Lldxh4IYCA
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Stock Analysis Compilation
Platinium AM on Richemont $CFR SW
Thesis: Richemont is a high-quality luxury goods maker with strong jewellery brands, poised for growth despite the current industry downturn.
(Extract from their Q4 letter) https://t.co/rwdbRaP0T8
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Platinium AM on Richemont $CFR SW
Thesis: Richemont is a high-quality luxury goods maker with strong jewellery brands, poised for growth despite the current industry downturn.
(Extract from their Q4 letter) https://t.co/rwdbRaP0T8
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Startup Archive
Jensen Huang on why he rarely fires people and will instead “torture them into greatness”
Jensen once told Stripe founder Patrick Collison that he didn’t like firing people and seldomly did it. When asked to elaborate on this, Jensen responds:
“I’d rather improve you than give up on you. When you fire somebody, a lot of people will say ‘it wasn’t your fault,’ or ‘I made the wrong choice.’ But I used to clean bathrooms and now I’m the CEO of a company. I think you can learn it. There are a lot of things in life that I think you can learn and you just have to be given the opportunity to learn it… I don’t like giving up on people because I think they can improve.”
He continues:
“It’s kind of tongue in cheek, but people know I’d rather torture them into greatness. I’d rather torture you into greatness because I believe in you. And I think that coaches that really believe in their team torture them into greatness. Oftentimes they’re so close. Greatness will sometimes come in one day with an ‘I got it!’ — that feeling that you didn’t get it yesterday and all of a sudden one day something clicks. Could you imagine giving up that moment right before you got it? I don’t want you to give up on that, so I’ll just keep torturing you.”
Video source: @stripe (2024)
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Jensen Huang on why he rarely fires people and will instead “torture them into greatness”
Jensen once told Stripe founder Patrick Collison that he didn’t like firing people and seldomly did it. When asked to elaborate on this, Jensen responds:
“I’d rather improve you than give up on you. When you fire somebody, a lot of people will say ‘it wasn’t your fault,’ or ‘I made the wrong choice.’ But I used to clean bathrooms and now I’m the CEO of a company. I think you can learn it. There are a lot of things in life that I think you can learn and you just have to be given the opportunity to learn it… I don’t like giving up on people because I think they can improve.”
He continues:
“It’s kind of tongue in cheek, but people know I’d rather torture them into greatness. I’d rather torture you into greatness because I believe in you. And I think that coaches that really believe in their team torture them into greatness. Oftentimes they’re so close. Greatness will sometimes come in one day with an ‘I got it!’ — that feeling that you didn’t get it yesterday and all of a sudden one day something clicks. Could you imagine giving up that moment right before you got it? I don’t want you to give up on that, so I’ll just keep torturing you.”
Video source: @stripe (2024)
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