Offshore
Photo
Dimitry Nakhla | Babylon Capital®
Many investors are wondering why Dev didn’t accumulate more $ASML
Here’s likely why he didn’t:
Dev cares most about predictability — $ASML is an exceptional business yet it deals with some geopolitical risks & isn’t as predictable as businesses like $FICO $SPGI $MA $INTU etc, so it makes sense he builds a small allocation & maintains a small allocation
That’s how you mediate the risk of greater uncertainty, relative to your other holdings
I imagine Dev wants to allocate ~2.5% to ~5.0% of capital to $ASML, giving him enough skin in the game to benefit from the long-term tailwinds of technological advancement & the importance that $ASML plays in propelling technology forward
At the same time, with that allocation you can still benefit greatly if the thesis for $ASML plays out
It’s possible that Dev added more shares in Q1 2025 in January when $ASML traded for $675-$685
Considering he entered $ASML ~$724 & doubled down ~$833 (average purchase price ~$780), Dev likely wants to be very strategic & patient with his next purchase, assuming he still intends to build the position
tweet
Many investors are wondering why Dev didn’t accumulate more $ASML
Here’s likely why he didn’t:
Dev cares most about predictability — $ASML is an exceptional business yet it deals with some geopolitical risks & isn’t as predictable as businesses like $FICO $SPGI $MA $INTU etc, so it makes sense he builds a small allocation & maintains a small allocation
That’s how you mediate the risk of greater uncertainty, relative to your other holdings
I imagine Dev wants to allocate ~2.5% to ~5.0% of capital to $ASML, giving him enough skin in the game to benefit from the long-term tailwinds of technological advancement & the importance that $ASML plays in propelling technology forward
At the same time, with that allocation you can still benefit greatly if the thesis for $ASML plays out
It’s possible that Dev added more shares in Q1 2025 in January when $ASML traded for $675-$685
Considering he entered $ASML ~$724 & doubled down ~$833 (average purchase price ~$780), Dev likely wants to be very strategic & patient with his next purchase, assuming he still intends to build the position
Dev Kantesaria | VFCM 13F Q4 24’
$FICO $SPGI $MA $MCO $V $INTU $ASML $EFX $MSCI
___
The CRAZY thing:
I pitched $MSCI to Dev on April 23, 2024 when it traded for $444 (many of you may remember that analysis) 🌐
Would’ve been great to see Dev pick it up at historic levels then https://t.co/V2CUhqcxI6 tweet
Offshore
Photo
AkhenOsiris
Note to CEOs with languishing stock prices:
META 20 day (!) win streak started on this day.
tweet
Note to CEOs with languishing stock prices:
META 20 day (!) win streak started on this day.
tweet
Offshore
Photo
Finding Compounders
One of the most well written stock pitches I have seen!
Nobert Lou is one of the greatest investors but he remains under the radar.
He runs Punch Card Capital and had earned a net annualized return of 14.5% from 2004 to 2011.
Lucky for us , he used to post write ups on VIC and here are one of his ideas that 5x in 3 years: Quinsa
tweet
One of the most well written stock pitches I have seen!
Nobert Lou is one of the greatest investors but he remains under the radar.
He runs Punch Card Capital and had earned a net annualized return of 14.5% from 2004 to 2011.
Lucky for us , he used to post write ups on VIC and here are one of his ideas that 5x in 3 years: Quinsa
tweet
Offshore
Photo
Stock Analysis Compilation
Third Avenue Small Cap Value Fund on OceanFirst Financial $OCFC US
Thesis: OceanFirst Financial is a well-established regional bank with a strong credit performance and a high-quality deposit base, currently undervalued due to conservative lending practices in commercial real estate, presenting potential for improved returns and shareholder wealth.
(Extract from their Q4 letter)
tweet
Third Avenue Small Cap Value Fund on OceanFirst Financial $OCFC US
Thesis: OceanFirst Financial is a well-established regional bank with a strong credit performance and a high-quality deposit base, currently undervalued due to conservative lending practices in commercial real estate, presenting potential for improved returns and shareholder wealth.
(Extract from their Q4 letter)
tweet
Offshore
Photo
App Economy Insights
📊 This Week in Visuals:
🥤 Coca-Cola $KO
🍟 McDonald $MCD
🖥️ Sony $SONY
🛍️ Shopify $SHOP
📱 AppLovin $APP
📈 Coinbase $COIN
👑 DraftKings $DKNG
and more!
https://t.co/MsrGUKXIX9
tweet
📊 This Week in Visuals:
🥤 Coca-Cola $KO
🍟 McDonald $MCD
🖥️ Sony $SONY
🛍️ Shopify $SHOP
📱 AppLovin $APP
📈 Coinbase $COIN
👑 DraftKings $DKNG
and more!
https://t.co/MsrGUKXIX9
tweet
Offshore
Photo
App Economy Insights
What are you watching this week?
• Tuesday: $ANET, $CDNS, $OXY.
• Wednesday: $ADI, $ETSY, $GLBE, $GRAB, $LYV, $KVYO, $TOST.
• Thursday: $BABA, $BKNG, $MELI, $NTES, $NU, $TRIP, $WMT, $XYZ. https://t.co/2DStyezgLU
tweet
What are you watching this week?
• Tuesday: $ANET, $CDNS, $OXY.
• Wednesday: $ADI, $ETSY, $GLBE, $GRAB, $LYV, $KVYO, $TOST.
• Thursday: $BABA, $BKNG, $MELI, $NTES, $NU, $TRIP, $WMT, $XYZ. https://t.co/2DStyezgLU
tweet
Offshore
Video
Startup Archive
Facebook VP of Growth Alex Schultz: “Retention is the single-most important thing for growth”
Alex walks through how to calculate a retention curve for your startup (graph the percentage of monthly active users on the y-axis versus the number of days from acquisition on the x-axis).
As he explains:
“If you end up with a retention curve that asymptotes to a line parallel to the x-axis, you have a viable business, and you have product/market fit for some subset of market.”
If you do not have a retention curve that flattens out, you do not have product/market fit and none of the growth hacking or virality tactics that people love to talk about will work.
“Focus on getting to product market/fit… If you don’t have a great product, there’s not point executing well on growing it, because it won’t grow. The #1 problem I’ve seen inside Facebook for new products and the #1 problem I’ve seen for the startups I’ve advised has been that they don’t actually have product/market fit when they think they do.”
Video source: @ycombinator (2014)
tweet
Facebook VP of Growth Alex Schultz: “Retention is the single-most important thing for growth”
Alex walks through how to calculate a retention curve for your startup (graph the percentage of monthly active users on the y-axis versus the number of days from acquisition on the x-axis).
As he explains:
“If you end up with a retention curve that asymptotes to a line parallel to the x-axis, you have a viable business, and you have product/market fit for some subset of market.”
If you do not have a retention curve that flattens out, you do not have product/market fit and none of the growth hacking or virality tactics that people love to talk about will work.
“Focus on getting to product market/fit… If you don’t have a great product, there’s not point executing well on growing it, because it won’t grow. The #1 problem I’ve seen inside Facebook for new products and the #1 problem I’ve seen for the startups I’ve advised has been that they don’t actually have product/market fit when they think they do.”
Video source: @ycombinator (2014)
tweet