Dollar General: Rural America's Retailer

You can listen to the Deep Dive here I am not sure how many of my readers ever set their foot in a Dollar Store in America, but there are more Dollar Stores in the US than Starbucks, Walmart, and McDonald's combined. Dollar General is the leading Dollar

Amazon 2Q'23 Earnings Update

Disclosure: I own shares, and Jan 2025 $55 call options of Amazon This was perhaps the best Amazon earnings call from my recent memory, especially on Amazon Retail. Not surprising that the stock was +8% in after hours. Here are my highlights from tonight’s call. Subscribe Revenue 3P, subscription,

Meta 2Q'23 Earnings Update

Disclosure: I own shares, and Jan 2025 $50 call options of Meta While the stock is up +6-7% after hours, I found some mixed signals on this call to keep both bulls and bears interested. In any case, I have never found Meta’s earnings calls monotonous! Here are my

Alphabet 2Q'23 Earnings Update

Disclosure: I own shares, and Jan 2025 $50 call options of Alphabet “With 15 products that each serve half billion people and 6 that serve over 2 billion each, we have so many opportunities to deliver on our mission.” -Sundar Pichai (2Q’23 Earnings Call) Here are my highlights from

Spotify 2Q'23 Earnings Update

Disclosure: I own shares of Spotify Spotify stock has been one of the “winners” in 2023. A week ago, its YTD was +130%. With Generative AI, price increases, and potential margin improvement speculations, the stock crumbled after today’s earnings as it mostly appears to be  very much “work-in-progress” story,

CSX: The Old School "Monopoly"

You can listen to the Deep Dive here Subscribe Warren Buffett isn’t quite fond of making bold predictions, so I certainly took note when he mentioned the following in 2021 shareholder letter: “I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country

Meta's Achilles Heel(s)

Disclosure: I own shares and January 2025 $50 Call Options of Meta Subscribe First some caveats: while we have all probably read Charlie Munger’s quote “I never allow myself to hold an opinion on anything that I don't know the other side's argument better than

Brown & Brown: A Decentralized, Boring, Money Making Machine

Disclosure: I am long shares of Brown & Brown You can listen to the Deep Dive here Subscribe When I first read Leonard Read’s seminal essay: “I, Pencil”, it became abundantly clear to me that people who solve the co-ordination problem in capitalism are of paramount importance (if you

Meta's Moat

It's not "network effects". Disclosure: I own Meta’s shares and January 2025 $50 Call Options Subscribe During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009? The number that got the highest votes

Adobe 2Q'23 Update

Disclosure: I am long shares of Adobe First things first, while as of this writing I do own Adobe shares, I have gradually trimmed half of my Adobe holdings for the last couple of weeks. By the time I will publish my Deep Dive next week, it is likely that