Tesla and SpaceX's Likely Merger, Portfolio Change
During Tesla’s earnings call on Wednesday this week, there was a very interesting discussion on the topic of whether SpaceX and Tesla will eventually be merged.
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Portfolio_Change
A collection of 49 issues
Meta On the Offense!
This week has turned out to be a plethora of model launches with SpaceX releasing Grok 4.5 on Wednesday, and Meta and OpenAI releasing Muse Spark 1.1 and GPT-5.6 yesterday.
Veeva 1Q'26: Strong Present, Patient Future
Programming Note: Some of you may have missed my announcement in my last post that I would be taking a couple of weeks break and reached out to see if everything is okay. Thank you for your concern, and I am back to daily posting schedule.
Insurance Brokers 1Q'26 Update
Insurance brokers are currently in a world of pain as the halcyon days of hard market is clearly behind us. At first glance, the organic growth still seems to be holding up reasonably well (ex BRO), but nonetheless investors are somewhat spooked.
The Era of Tokenmaxxing
A couple of weeks ago, Meta’s internal dashboard for “tokenmaxxing” got a lot of attention after The Information reported on it. Although such tokenmaxxing phenomenon only started getting attention recently, Shopify has been doing something similar since mid-2025.
Jassy's Defense
Since Andy Jassy became CEO of Amazon on July 5, 2021, the stock has not only noticeably lagged broader benchmarks such as S&P 500 and Nasdaq 100 but also underperformed every single big tech companies in Mag7 (Nvidia not shown in the chart since it transforms the Y-axis a bit too much…so you get
Unprecedented Lock-in
Apollo recently published their US housing outlook which is an interesting read to get up to speed on how the housing market is faring. Let me highlight a couple of things from their piece that stood out to me.
Scuttleblurb on Ryan Specialty
It doesn’t happen often, but right after publishing my Deep Dive on Ryan Specialty Group last week, my friend Scuttleblurb also published on the same company.
Why I am buying Floor & Decor
Since becoming a public company in 2017, Floor & Decor (FND) is currently going through its largest ever drawdown in its history. The stock is currently down ~65% from its peak in late 2021.
Constellation Software 4Q'25 Update
Amidst an unprecedented drawdown relative to its history, Constellation Software (CSU) had a rather reassuring quarter. Things are, at least so far, chugging along just fine.