Alphabet 4Q'22 Earnings Update

Subscribe Disclosure: I own shares, and Jan 2025 call options of Alphabet More than 6 years ago, I first spoke about Google being an AI-first company -Sundar Pichai (4Q'22 Earnings Call) Given the hype of AI and speculation of AI being potentially Achilles heel of Google Search

Meta 4Q'22 Earnings Update

Subscribe Disclosure: I own shares, and Jan 2025 call options of Meta What a difference three months makes! Meta stock almost doubled from late October to today! 2023 is suddenly the "Year of Efficiency"! Zuck's tone was markedly different tonight. Here's my highlights from

Spotify 4Q'22 Earnings Update

Subscribe Disclosure: I own shares of Spotify we're in a better position competitively than we've been in many, many years. For throughout the existence of Spotify, we have always heard of competitors, and it was always the sort of big scary wolf, whether it was Apple

Management Compensation and Incentives at Big Tech

Subscribe Note: I appeared on Liberty's Highlights podcast to discuss this topic. It may be better to listen to the podcast since it is done after writing this post below, so I could add more context to it, especially after further discussion and feedback from readers. I was

Speedwell and MBI discuss Meta Platforms

Subscribe Last week, Speedwell Research, an independent investment research service, published their Deep Dive on Meta Platforms. They were kind enough to send me a copy of their work. After reading their work, we exchanged a few emails/tweets discussing their report. I enjoyed this interaction enough to think I

Hilton: Scaling Hotels in Asset-light Way By Monetizing Brand

You can listen to this Deep Dive here There is a popular meme that goes around on Twitter which likely originated from a Tom Goodwin piece at TechCrunch in 2015: “Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no

2022 Annual Letter

Sherwin-Williams: Painting the Wonder of Compounding Decade After Decade

You can listen to this Deep Dive here Subscribe When much of the Silicon Valley or broader tech world is currently under the spell of  the magic of Generative AI or ChatGPT, it may be somewhat monotonous to study a company that was founded in 1866 in Cleveland, Ohio. Some

Adobe 4Q'22 Update

Disclaimer: I own shares of Adobe Subscribe "It is the golden age of design. Everybody would like to express themselves." Shantanu Narayen, CEO of Adobe While the days of 20%+ topline growth is clearly behind us, Adobe remains the juggernaut in creativity software industry. Digital Media, Digital Experience,

Some thoughts on SBC

Subscribe I have received quite a few messages and emails on Stock Based Compensation (SBC) over the last few weeks. Two things prompted me to write a separate post on SBC: a) it is a much more efficient way to respond to messages/emails on this topic, and b) there