Investing (Stocks)

This isn’t a “Tesla will fail” call. Tesla remains one of the most technologically ambitious companies on the planet. But at its current valuation of roughly $1.3 trillion, the stock…

In my December 2025 report, “When Product Excellence Meets Market Reality,” (LINK) I posed the question that’s been nagging at this thesis for a while: “Can Paycom translate its alleged…

I’ve been writing about Google’s AI transition for over three years now. In March 2025, with AI pessimism peaking, I argued it was “premature to cancel Google Search” (LINK). By…

I’m selling my entire position in PayPal. This isn’t a decision I make lightly. A significant part of my thesis hinged on Alex Chriss turning around the company—specifically his strategy…

Microsoft beat on revenue, operating income, and EPS. But shares dropped 10% post-earnings. The concern? 45% of the $625B backlog is tied to one customer: OpenAI.

Revenue grew 24%. Ad clicks up 3.5%. Engineering productivity up 30%. The evidence is clear: Meta’s AI investments are generating returns. Here’s why I’d be more concerned if they weren’t…

For years, Netflix insisted they were builders, not buyers. Then they wrote an $83 billion check for Warner Bros.

Shopee is grabbing market share in Brazil. Amazon is expanding fulfillment. MELI responded by cutting free shipping thresholds. Part 3 examines the competitive threats, the reinvestment decision, and what the…

In 2009, Marcos Galperin moved his desk next to the CTO’s office. What followed was a decade of bets that transformed a marketplace into an ecosystem—and a 2018 crisis into…

Calvin McDonald is out mid-turnaround. Elliott just took a $1B stake. China grew 46% while the U.S. declined 3%. The brand isn’t broken—but the next CEO hire changes everything.

MercadoLibre raised $7.6 million in October 1999. By March 2000, they had negative runway. This is the story of how they outlasted 80 competitors and built the foundation for a…

Paycom delivered Q3 results that met guidance but failed to inspire. Despite management’s evangelizing about IWant AI and Beti’s game-changing capabilities, revenue growth of 10.6% continues to lag competitor Paylocity’s…