David Orr Opening on Monday after deepseek weekend will be interesting.

deepseek and the bottlenecks for AI GPUs and energy seem less of a bottleneck now: bad for NVDA and the energy companies. Data becomes the more dominant bottleneck, good for classic FAMAG. So I would say META > AAPL > MSFT > GOOGL > AMZN > NVDA for a bit.

Fintwit: stop posting "interesting stock this, interesting that". It's noise. Everyone has watchlists and to-do lists with "interesting" things. What we need is real takes with real conviction. "X is going to happen because of Y. I am making this bet, today."

Mediocre investors tell themselves this, then sell too late when problems appear, which they could have spotted earlier if they had a detailed model (and assuming a bit more talent to understand how real world dynamics are reflected in data).

narrator: one type of energy can easily be transformed into another type

Last night my biggest position reported but I could not find the numbers anywhere, while the stock went -20%. The CEO told me everything was ok though. When I finally saw the numbers it slowly dawned on me I had to get out completely. Am I the only one who dreams about stocks?

This is how good trading is done.

If Trump was President in 1940

The unthinkable: could European cyclicals really do well while the US economy is slowing?

what is a fair mgmt fee to charge for this? I would say 30-40bps, no performance fee

not too late to dust off the high incremental margins + multiple expansion playbook for european industrials 2009-2016 these had an amazing run

If you don't believe Trump really cares about the fiscal deficit, -- what are the best alternative hypytheses regarding his motives that fit current policies?

To my US friends: a question to ask yourself today...

deep down freddy flintstone just wants to destroy any he game where he can't win, where he looks like a fool -- he is tired of being laughed at by the globalists stones (real estate), oil, cars and farmers will be ok

Are there any good books / other sources on the nitty gritty of how L/S equity pod shops operate?

I asked Kaitlan Collins CNN: Why is Treasury Secretary Scott Bessent having meetings in private with large groups of investors to give them the benefit of his thinking? That seems very unfair and seems like the stuff of crony capitalism.

Apart from Unemployed Capital Allocator, who are frontrunners on the use of AI in equity research here?

The Ukraine drone strike seems cool but I’m waiting to hear from David Sacks before drawing any conclusions