MBI Deep Dives (Page 42)

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Spotify 1Q'23 Earnings Update

Disclosure: I own shares of Spotify Over the last 6 months, Spotify stock has doubled. The business, however, remains largely work-in-progress with users accelerating but operating efficiency yet to reflect in the financials. Here are my notes from today’s earnings. Subscribe Users Spotify experienced its largest two MAU growth

Microsoft: The Quintessential Technology Company

Subscribe You can listen to the Deep Dive here “The personal computer revolution had begun with a game played on a small blue box with blinking lights named after the brightest star in the constellation. 30 years earlier, people in Albuquerque had witnessed the sun come up in the South

Readers' Feedback, and A Simpler Amazon Model

Disclosure: I own shares and January 2025 call options of Amazon There has been a persistent misperception among investors who mostly observe Big Tech from a distance that Big Tech is "consensus" investment. But if you look at realized volatility in some of the Big Tech stocks over

Amazon Update (amended)

Disclosure: I own shares and January 2025 call options of Amazon (Note: In addition to this piece, I encourage you to read this update here) First of all, thank you for the feedback and inputs on yesterday’s update on Amazon. One such interaction led me today to re-write some

Amazon Update

Disclosure: I own shares and January 2025 call options of Amazon (Note: there are some material changes that I made after receiving feedback which I published here. I encourage you to read the amended post to understand the full context) In the first earnings press release following the pandemic, Jeff

Adobe 1Q'23 Update

Disclosure: I am long shares of Adobe In 2001 and 2002, Adobe's topline went down 3% and 5% respectively. In 2009, revenue went down by 18%! Thanks to shift to subscription and a continued secular momentum in digital content, Adobe will perhaps prove to be a quite resilient

Alphabet Update

Disclosure: I own January 2025 Call Options and Shares of Alphabet Inc. Subscribe To an economist, every monopoly looks the same, whether it deviously eliminates rivals, secures a license from the state or innovates its way to the top. I'm not interested in illegal bullies or government favorites:

Meta Needs A Decade Of Efficiency

Disclosure: I own January 2025 Call Options and Shares of Meta Platforms This is Part-1 of my four-part series on Big Tech. Part-two, three, and four will be on Alphabet, Amazon, and Microsoft respectively. While this post is made public, the rest of the series will be behind paywall. Subscribe

Autodesk 4Q'FY23 Update

Disclosure: I am long shares of Autodesk Subscribe Autodesk met their high end of the topline guidance. While topline grew at High Single Digit (HSD) rate YoY, it was +12% FXN. Subscription revenue, which is ~92% of revenue, was +14% FXN. While Media &Entertainment (M&E) segment was

Fastenal: Compounding Nuts and Bolts

You can listen to this Deep Dive here On "Invest Like The Best", Charlie Songhurst mentioned an interesting framework which I think is quite apt as a starting point for Fastenal Deep Dive (emphasis mine): if you pick two axes, one co-axis is boredom and the other is