I think the risk that companies build their own systems of record - ERP, ITSM, CRM etc - is incredibly low Companies are not stupid. They have no competence here, the stakes are massively high, and regardless of how easy it is, they would still have maintain and optimize it,

Unpopular opinion: $FICO isn't cheap yet.

$GSY.TO's business will accelerate next year. It's currently facing tough YoY comps due to a lower average interest rate on its loan book. Next year, this headwind will be gone, and its revenue should grow in line with the loan book again (which was 23% this Q).

Stakes are higher than investors realize when migrating to vibe coded solutions. Loose example -- I work at a large RIA. We pay $80K/year for a basic platform that documents our investment research. I could probably vibe code a simple alternative in one week. The problem --

I don't own payment processors, but man, $FOUR is looking interesting here. - Founder and largest shareholder is buying - 20%+ revenue growth - 19X FCF - Reasonable amount of SBC - History of successful acquisitions

Does it feel uncomfortable to add to software stocks right now?

Simeon shares my thoughts on software exactly 💯

Just booked a $20K loss on a position I've owned for a while, $NOA.TO. I don't believe in only sharing my successes, as it's not genuine or a reflection of how investing really is. No stock-picker is going to bat 100%. However, how you respond to failures is what determines

$CSU.TO

For $CSU.TO to produce a 10% CAGR, it has to: - Grow FCF ~12% annually - Maintain a 25 P/FCF What do we think? Doable?

The reason I think $BN can scale much larger, and has a long runway ahead of it is because: 1. The business has shown that it can manage and deploy hundreds of billions of client capital at high rates of returns. 2. BN itself is only producing ~$5.3B in annual cash flow today.

$GOOG is about to breach all-time highs. Why? Because when you have fundamentals like this, negative sentiment has no choice but to be temporary. Block out the noise for a minute, take a step back, and see it for what it is👇🧵 Charts from Stock Unlock

Straight up, Chamath Palihapitiya offering SPACs is a red flag for me. That's a huge signal that the market is frothy again.

The Stock Unlock app is about to enter beta testing. If you're a subscriber of Stock Unlock, and would like to join our beta testing group, then shoot me a DM! We're hoping to enter beta in the next couple of days :)

My international stocks have been outperforming the S&P. But my comments section continues to tell me internationals are uninvestable. I am genuinely not sure why it's so challenging to believe that a high-quality business can exist outside of the U.S.

Did a beautiful (and very challenging) hike with the wife on the weekend. I love Canada, and living less than an hour away from the mountains 🇨🇦

🔥 Big news at Stock Unlock. We’ve completely revamped how we score stocks, now powered by a fusion of AI + our own proprietary algorithms. Scores now adapt to each business using the metrics that matter most, giving you a fast, reliable snapshot of fundamentals you can’t find

$BN's score on Stock Unlock now uses its KPIs like Distributable Earnings, which makes its score much more intelligent and unique. This is just the beginning of what we can do. More to come.

In other words: Expect higher inflation

The Stock Unlock app is so cool. You can see all your buys and sells right on the stock chart, and better identify your buying habits.