@long_equity @rsandler21969 @hermansen_folke yes, I know the formula. My point is that P/E already incorporates what the market expects in terms of growth prospects, and not just next years growth but the multi year growth trajectory.

@long_equity @rsandler21969 @hermansen_folke Doesn't the current valuation already factor in consensus growth estimates? To generate excess returns, one must hold a unique perspective (and be right) on growth, its sustainability, margins, etc.

The current $TSLA streak of 13 straight positive days is the longest streak in company history and the 2nd highest in terms of performance. What a time to be alive

Housing market will continue to stay tight for the foreseeable future. Lower rates or higher unemployment the only two variables that can improve the supply/demand imbalance

This is why I can't see $S succeeding as a stand alone company

$NDAQ deal for Adenza seems expensive - 55/45 cash/stock with cash funded by debt 5.5-5.7% - 31x EBITDA and even higher on FCF basis - TB lock up for 6m of 50% of shares and 18 for other 50%. Liquidity risk after the lockup - inc solutions business rev growth from 7-10% to 8-11%

link to PR

Genesys reached $1B in ARR 4-years after getting to $100M - Over 75% of new 1QFY24 customer logos were SMBs - A nearly 110% y/y increase in customers implementing digital and voicebots from Genesys - An over 3x y/y increase in conversational and predictive AI revenue

How is $RCL at a $23B MC and an extremally levered BS (EV $44B) and near peak demand not a short here. What am I missing?

MS downgrades $BILL to EW/ Cites limited potential for virtual card adoption in the SMB market, growing Intuit competition and less TPV upside

- equities with US$18 billion of net inflows this past week. Domestic US equity saw US$11.4 billion of net inflows - US ETFs focused on Japan equities saw their largest weekly inflows (~US$1.1 billion) since January 2021

AAII Bull-Bear at its highest level since November 2021

How does META spend $27B more in capex than AAPL sine 2016?

@ArdaCapital @SaaSletter @GavinSBaker @BucknSF @Kellblog @BillBrewsterTBB Spot on. Most of the incremental benefit from AI is likely to accrue to the consumer and a few companies who will be the beneficiaries of the capex shift into AI

Imagine pretending to be a liberal who is concerned with equity and being anti charter schools Bronx Zeta Charter School students receive free chess lessons from a local chess master

The spread between 10-year Treasurys and 30-year fixed mortgage rates remains historically wide, hovering around 300 bps for much of April and early May, more than a full percentage point above its long-run average

RAG models combine parametric and non-parametric memory for language generation. The idea behind RAG models is to retrieve relevant documents, feed them into a Seq2Seq model, and then use that information to generate outputs

$S call back notes

$ZS call back notes

$ESTC vector search functionality combined with traditional text-based search, as well as other advanced search capabilities like BM25 (ranking algorithm) and hybrid search all on one platform could be something. @BucknSF think this makes them a player in the AI use case space?

Looking foreword to MDB results. ATM straddle pricing in a 12.5% move