Zuckerberg's Lens

10 years ago, Alphabet was the largest company among today’s big tech companies. (I’m going to ignore Tesla and Nvidia in this discussion as they are more recent additions to this list). Remarkably, these five companies were clustered quite close to each other back in 2016 as their

Amazon: 2026 Update

As I do it every year, following Amazon’s 10-K disclosure, I have updated my Amazon model. I’ll expand on the model and elaborate my thoughts behind the paywall. In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly

Never Sell: Episode 13-Big Tech Earnings

For the “Never Sell” podcast, Scuttleblurb and I published a new episode on Big Tech earnings. One of the key topics that I highlighted is why I think the street is likely mismodeling Meta. We also touched on Microsoft and Amazon’s current predicament. You can listen to it here:

Some thoughts from last week

Phew! What a week. I will share some thoughts behind the paywall. In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly listed company every month. You can find all the 64 Deep Dives here. Subscribe

Amazon 4Q'25 Update

After Meta and Alphabet’s eyebrow raising capex plan for 2026, Amazon came up with the biggest number: $200 Billion! Market basically said this in response: While market may be currently in the mood of hating large capex numbers, I remain quite optimistic that it is indeed the right strategy

Alphabet 4Q'25 Update

Alphabet came to this earnings with elevated expectations from investors. It delivered. The stock is down a bit post-earnings despite that, but it’s hard to imagine Alphabet shareholders not having a good sleep last night. Here are my highlights from the earnings. Revenue Who amongst us really thought

Insurance Brokers 4Q'25 Update

After years of steep increases, property insurance rates, especially in E&S (Excess & Surplus) and Reinsurance are falling due to a quiet hurricane season and an influx of capital. The insurance brokers, however, noted a split pricing environment. While property rates are softening (a headwind for organic growth)

The Fog of AV Economics

Thomas Reiner yesterday wrote a thoughtful piece about a key question about AV ridesharing: what should be the optimal size of AV fleet in a given area? Should it try to cater to peak demand or average demand? Reiner makes the case that “the profit-maximizing fleet size is just

Betting Big on Meta

I won’t burry the lede here. After updating my model on Meta following 4Q’25 earnings, I have become materially more bullish on Meta and decided to add to the stock to make it my largest position. I will elaborate more behind the paywall. In addition to “Daily Dose”

Trillion Dollar Club

A couple of weeks ago, I recorded a podcast with my friend Liberty to discuss all the companies in “trillion dollar club”. Enjoy! From Liberty’s Highlights: “At nearly two hours, this one is massive, but you know what they say: Too much of a good thing can be wonderful!