Topic

Sample Posts

A collection of 12 issues

Meta Needs A Decade Of Efficiency

Disclosure: I own January 2025 Call Options and Shares of Meta Platforms This is Part-1 of my four-part series on Big Tech. Part-two, three, and four will be on Alphabet, Amazon, and Microsoft respectively. While this post is made public, the rest of the series will be behind paywall. Subscribe

Management Compensation and Incentives at Big Tech

Subscribe Note: I appeared on Liberty's Highlights podcast to discuss this topic. It may be better to listen to the podcast since it is done after writing this post below, so I could add more context to it, especially after further discussion and feedback from readers. I was

Speedwell and MBI discuss Meta Platforms

Subscribe Last week, Speedwell Research, an independent investment research service, published their Deep Dive on Meta Platforms. They were kind enough to send me a copy of their work. After reading their work, we exchanged a few emails/tweets discussing their report. I enjoyed this interaction enough to think I

Some thoughts on SBC

Subscribe I have received quite a few messages and emails on Stock Based Compensation (SBC) over the last few weeks. Two things prompted me to write a separate post on SBC: a) it is a much more efficient way to respond to messages/emails on this topic, and b) there

Airbnb: From Cereal Boxes to "Seven-Star" Travel Experience

Adobe: A Software Giant from the 80s

You can listen to this Deep Dive here John Warnock and Charles “Chuck” Geschke, who met each other while working for Xerox, co-founded Adobe in 1982. John was leading a team at Xerox to build InterPress, a protocol for Xerox printers and became disillusioned as Xerox showed little interest in

What’s embedded in Meta’s stock price?

Disclosure: I am long META/FB shares Subscribe to receive future posts in your inbox Let me cut to the chase here. This isn’t one of my typical deep dives. While in a typical deep dive, I dive into both numbers and narrative to understand what’s embedded in

Why I sold Etsy

Subscribe to receive future posts in your inbox I first bought Etsy in September 2020 at $111/share and continued to add to my position later to make it my largest holding (~15% of portfolio) at an average cost of $128/share. Following my first purchase, I published a deep

Roku: A former trojan horse now in open fistfight

On an excellent Acquired Podcast, Ho Nam mentioned,“…I call the great serial entrepreneurs just amazing people who just have not yet found their true life's calling. You could be a serial entrepreneur, have a bunch of fantastic hits but then you will find something and say, oh

The cult of Lululemon is alive and kicking

(Update: Please see May'22 deep dive for latest thoughts) In November 2020, I published my deep dive on Lululemon. On this update, I will mostly skip why I like the business since I have adequately covered it in my earlier deep dive which I encourage you to read