The Few Bets That Matter
Beth is one of the most interesting and grounded AI analysts you can follow and listen to in the markets.

Been constantly right for years and very interesting, calm at explaining the markets' shenanigan and the rational behind AI dynamics.

There will be a moment when companies are able to monetize AI to where capex costs are absorbed. In terms of the ability to monetize AI, this is being proven as we speak with OpenAI exhibiting the fastest run rate from $0 to $20 billion in all of tech’s history.

I joined @technology to discuss how the incoming AI monetization wave can help absorb elevated capex costs, and how the AI accelerator market will widen beyond Nvidia $NVDA and benefit other firms such as Broadcom $AVGO. - Beth Kindig
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Dimitry Nakhla | Babylon Capital®
RT @TheShortBear: In terms of how I think about $MELI.

Cheapest multiples since 2008.

There are only 2 instances in the past 20y that exceeded a -40% pullback, 2021 (ultra high multiples) and 2008(global financial crisis and newer less establishes business at the time).

We are 12% from testing that level.
A bit of risk for a multi 100% potential.

That is an easy framework to think about risk.
Second layer is finer busienss metrics, space macro, beta-led pressure...
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App Economy Insights
Warner plans to tell shareholders to reject Paramount’s hostile takeover bid (and recommend the Netflix deal).

Perhaps more fascinating is that prediction markets still gave Paramount a 50% chance of closing the acquisition this morning (now 22%).

What are people smoking? https://t.co/QiUu56lJpk
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Wasteland Capital
Wild that a $3.6bn closed end Real Estate fund $BPRE can immediately crash -40% vs NAV on becoming publicly listed.

Hard assets? More like a meme-coin valuation mirage, sold to the dumb and naive by unscrupulous advisers…

Worst fears confirmed for BlueRock investors. 😱

BPRE opens at ~$15 vs. $24+ NAV. -38% discount.

Instant ~$1.5B wealth destruction. No more 5% quarterly liquidity at NAV.

Bluerock management chose to entrench themselves in a closed-end fund conversion.

Shareholders approved, not realizing the disaster that awaited them. From $24 to $15 in the blink of a greedy eye. - boaz weinstein
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memenodes
When you're in crypto for generational wealth but end up in generational debt https://t.co/V5SbrSUZ8A
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memenodes
RT @boldleonidas: https://t.co/1a2OidEgbk
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Giuliano
I've read The Psychology of Human Misjudgment over ten times by now.

I've listened to it a likely other 5 times at least.

Every single time I revisit it, I'm flabbergasted.

Listening to Munger is like listening to an orchestra of geniuses. https://t.co/8M5LF57lwP
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Giuliano
I might've read The Psychology of Human Misjudgment over ten times by now.

I've listened to it a likely other 5 times at least.

Every single time I revisit it, I'm flabbergasted.

Listening to Munger is like listening to an orchestra of geniuses. https://t.co/RJgMFpMXHi
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Dimitry Nakhla | Babylon Capital®
$MSFT trades at a fairly attractive PEG

NTM P/E ~28x

2026 EPS➡️ $16.24 (+19%)
2027 EPS ➡️ $18.73 (+15%)
2028 EPS ➡️ $22.29 (+19%)

CAGR at various multiples assuming 2028 EPS estimates of $22.29

31x | 16.5%
30x | 15.0%
29x | 13.5%
28x | 12.0%
27x | 10.4%
26x | 8.8% https://t.co/CngF3iENPs
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Quiver Quantitative
JUST IN: Representative Maxwell Frost has signed the discharge petition to force a vote on a congressional stock trading ban.

Frost is the first Gen Z member of Congress. https://t.co/o09oowNIUK
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