The Trade Desk’s 40% Tumble: Why I’m Not Panicking
In my weekly newsletter the 3-Bullet Sunday on 20 July, I wrote: “Don’t let daily narratives drive your thinking. The real work happens over quarters and years, not parsing sentiment…
You’re Not Nervous About Your Stocks—You’re Nervous About Position Sizing
When stocks drop 20%, 30%, or even 50%, our first instinct is to search for reasons. We scour the news. We look at X or Reddit for explanations. We watch…
Paycom Q2 2025: Unveils AI Strategy
First off, I’m mildly disappointed nobody on the earnings call talked about the recent Oklahoma City Thunder NBA championship win at Paycom Center. Obviously I’m biased because I enjoy watching…
[1 Aug 25] Portfolio Update: Adding to Continued Execution, Nibbling on Value
After analyzing PayPal’s Q2 results, I’m making some portfolio adjustments following my recent moves in Adobe (Sell) and Alphabet (Buy). Adding to PayPal With PayPal’s results showing clear signs of…
PayPal Q2 2025: The Turnaround Takes Shape
In my Q1 2025 analysis PayPal: Let Alex Chriss Cook ($), I wrote: “Branded checkout is a two-sided network—the more users it brings, the more merchants will accept it, creating…
[25 Jul 25] Portfolio Update: One Sell, Two Potential Buys
After analyzing Alphabet’s Q2 results (“Alphabet Q2 2025: The AI Transition Takes Shape”), I’m making some portfolio adjustments. The Sell: Adobe I’m selling my remaining Adobe position. There’s uncertainty around…
Alphabet Q2 2025: The AI Transition Takes Shape
Back in March, I wrote a piece titled “Why It’s Premature to Cancel Google Search.” The thesis was straightforward: “Writing off Google in search would be premature. Its younger competitors…
Is Adobe an AI Laggard?
AI is reshaping the creative landscape at breakneck speed. And in this revolution, Adobe finds itself in a peculiar position. The company keeps beating expectations quarter after quarter. Yet its…
Netflix: Priced for Perfection?
In my April 2022 report titled “Netflix: The Streaming Giant,” I wrote: “While new subscriber acquisitions seem to have slowed down, given the large and growing addressable market, coupled with…
The Most Expensive Mistake Investors Make in Volatile Markets
We’re halfway through 2025, and it’s been a wild ride. With liberation day tensions and escalating US involvement in Middle East conflicts, many have been predicting a market crash. The…
Trade Desk: When Great Companies Stub Their Toe
From my earlier article on The Trade Desk: From Unstoppable to Uncertain: “What makes this situation particularly interesting is that the problems appear to be primarily self-inflicted. There’s no evidence…
Lululemon: Sign of Worse to Come?
In April 2025, I argued that Lululemon’s challenges were temporary rather than structural, in Lululemon: The Tide Isn’t Turning (Yet): “The key question is whether these issues are temporary or…