New pod is up! $PLTR at 118x p/s Gross profits vs. gross margins CAC and CLTV Short-cycle business gross margins Future momentum in stock price from gross profit growth Consistency driving multiples higher Growth vs. profitability Low-cost producer vs. high-value Early signals

Excellent insight from Naval

New pod is up! Regulated to Unleashed: Finding Inflections in Deregulation - $CROX earnings — down 25% - Regulation vs. deregulation - Common types of regulation - Regulated monopolies - Deregulation as a major inflection point - Spotting and investing in change 👇👇👇

New pod is up! A Wide-Ranging Q&A: From Low-Beta Stocks to AI’s Impact on Investing - Low-beta, high-EPS growers - $OTCM - Capital returns in a declining terminal-value stock - AI effects on the insurance industry - Sports franchises - $GIL / $HBI merger - Currency debasement

Fun to hear Geoff shout-out AIM take unders. The UK's stock markets have an international reputation for absolutely the wrong reasons.

Let me translate, if you don’t own assets you better find a way to get some and fast.

New Pod is up: It’s 13-F Season - Superinvestor holdings - Berkshire - Fundsmith - Lindsell Train - AKO Capital - Chuck Akre - Francis Chou $CHTR $UNH $LAMR $PTLO $CMG $CRBL $FICO $MMC $CPRT $FICO $ABNB $SNAP $SAG $SIRI $OXY $ALLY $POOL $COOK

In Emerging Markets, you usually avoid companies with partial government ownership, because those companies tend to underperform…

New Pod is up: Howard Marks’ Memo — The Calculus of Value - Market psychology today - Fiscal vs. monetary policy - 493 non-Mag 7 stocks avg P/E at 22x - DEFCON investing scale - Where opportunities exist now