Insider Stocks · For members
An entry from my investing journal, for members.
The market has once again decided that OTAs will get slaughtered by AI agents, this time by Meta’s Muse. So I ran a premortem on Booking Holdings: it’s 2029, room nights are shrinking, what happened? Four things would have to go wrong. I’m sceptical, for now.
Insider Stocks
The rest of this entry is for members
Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.
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