Sustainable Growth

Better than $2T….. but a generation of bag holders will be made from this one. I hope they wait 1yr for index inclusion.

So I was active yesterday. I picked up some $MELI $ARM $RKLB $META among others. But taking my time. I’m in no hurry, and if this is a start of a much bigger down cycle, I’ll keep gradually deploying. Planning a top up to $AXON today.

I’ll make a small top up to my existing $axon position. But some shine has come off this one. That timing miss of 3 fed gov drone contracts is a pretty big one, not the best time for it either. Good chance it falls into the $200’s. This yr has shown to never be in a rush to buy.

Some buying today. If you can’t buy on days like this, when will you? 😁

I love that $FICO is no longer providing guidance and is moving to more opaque, custom b2b pricing. Steps in the right direction. Should eventually flush out all the short term punters from the stock

Turns out I was right. Canva was ultimate short if ever was one.

This yr has been about avoiding massive landmines in individual positions. Still, if properly sized you reduce the risk of blowups. Even more important is recoverability. $FICO $WTC $SE & $NOW have been my 4. FICO, NOW $SE 1-2% and down only on FICO SE. I expect all will recover.

Patience is an increasingly lost art with single stock investing. In the nearly 15 yrs of holding $MA, I had a nearly 3 yr stretch between 20-23 where the stock did nothing. Stock returns come in clumps… you’ll get nothing and then all at once. But you have to be on to benefit.

Investing is hard. Always look at the direction of travel and where things are moving to, not where they are. Tried to highlight issues with $RDDT. Investor disbelief at the time was clear. Comments were entertaining :)

$RDDT Still believe this is too hard basket for me. Definite structural challenges.

Coming up to 15 yrs owing $MA. Every year d-bags will give me another reason why this thing will die. Crypto, Apple Pay, X-Border upstarts, stable coin etc. MA just pounds them with mid teens revenue and 20%+ EPS growth. D-bags then go quiet till the following year 🤣

Amazed at just how good a biz $MSFT is. Nearly 40 yrs after IPO it’s still growing revenue and earnings almost 20%…..20%!! Azure cloud another quarter of 30% + growth. Bar is high for me to look at other spots for my $ to allocate when I can get these types of numbers.

The $META result looks much better when put against $GOOG ad biz numbers, which really looks structurally stuck. Ad monetization of AI mode is surely going to come at the expense of blue links. That said GCP growth was great, but too big Anthro dependency. Think Anthro fades soon

Much happier watching the chaos of $FICO now with my scaled back larger sized starter than my previously held moderately sized conviction position. Regime change needed to see any real gains here, which probably takes a couple of years. Dont want to wait with size for that.

Added $RKLB today. Growing more bullish with $SPCX woes. Governments will be desperate for more options here. Now a nearly full cap weighted position.

My last $MELI buy was mid May at $1499. I’ll be wading in to add more meaningfully if we hit the $1300’s . This is a co I feel confident will do amazing things in the years to come. Tracking this very closely.

I did a couple of things right this year. Loading $ISRG in low to mid $300’s was one of them.

What a shit show $SE stock has become this year. Not bad timing though. I’ll be tax loss selling this shortly to cover a bunch of long term gains already booked earlier this year. My outlook on this hasn’t changed at all though, despite price action. I plan to fully repurchase.

$BE Back for another dip at the well. 3rd time this year. Opening closing opening closing. Wonder what this time will bring…

Well, 10M subs came and went, faster than I was expecting. Perhaps $AAPL and $GOOG don’t really care about this market as much as I thought are are willing to cede it to $META. Or perhaps they don’t really have much of a choice as their dev capabilities just aren’t there yet.