Topic

Portfolio_Change

A collection of 49 issues

More Alphabet!

“Eventually, AI will change everything…though not everyone fully grasp the extent of the tsunami that is approaching…Training AI models is a gigantic multitrillion-dollar market. It's hard to conceive of a technology market as large as that one.

Technology vs Platform Shift, Portfolio Change

Is the current AI phenomenon a technology or a platform shift? Or is it both?

Tyler Technologies, Portfolio Change

I have published 61 Deep Dives over the last five years. Obviously, that’s a lot to keep track for one person.

Digital Advertising Snapshot, Corpay 2Q'25, Portfolio Change

Digital Advertising Snapshot As is the tradition in every earnings season, I am sharing my digital advertising Snapshot after 2Q’25 earnings. Three key takeaways: For the nine consecutive quarters, Meta has outpaced Google in terms of incremental share.

The "humorless" and timeless machine of Booking Holdings, Portfolio Change

Almost three years ago, my friend Scuttleblurb described Booking in a way that I believe truly encapsulated the essence of the company: Booking is metrics – it iterates on performance marketing game mechanics and humorlessly monitors every bit of performance down the hour.

Amazon 2Q'25, Portfolio Change

A programming note: For my next Deep Dive, I am currently working on Union Pacific which I will publish sometime later this month. After Union Pacific, I will do a Deep Dive on ASML in September.

Meta 2Q'25, CoStar suing Zillow, Portfolio Change

Final Reminder: Prices for new subscribers will increase to $30/month or $250/year from tomorrow. Anyone who joins by July 31, 2025 will keep today’s pricing of $20/month or $200/year.

Insurance Brokers, Portfolio Change

I have written about insurance brokers before (see my Brown & Brown Deep Dive, and write-up on Aon). I love insurance broker business and while they are certainly not the most exciting businesses around, the entire industry has been a reliable compounding machine for investors for decades.

Alphabet 2Q'25, Corpay M&A, Portfolio Changes

Alphabet had another fantastic quarter. Admittedly, I am a bit surprised that the stock didn’t react even more positively.