top-3 endowment investor. the world is a productive asset. mostly bullish, always prepared. tyj. disclaimer: I do not own an NFL team.
Whatever’s working
Joined October 2021
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if nebius isn’t bidding some quality datacenter assets to arb against its token spot pricing ima be very, very disappointed @romanchernin
here we go. this is gorgeous. the money shot.
last 10 years of p/e-to-LTEG ratio. mag 6. removed $tsla cause fk those guys they screw up the charts.
$nvda gets no respect for the LTEG - market just doesn't believe it. in fact, PEG of 0.28 hasn't been this low since late 2023. bullish.
$aapl getting way too much respect for it's LTEG. in fact, could argue the market is expressing a hidden view that their hardware capabilities and underinvestment in AI is the end state for what makes a great tech company in the future. great hardware moat, exploitation of the AI investments made by others. but regardless, that's a hefty premium to pay.
the rest look objectively "reasonable"
$amzn is the biggest outlier, with the fastest LTEG (ex nvidia) and the lowest PEG
lots of mispricing in the mag 7.
$amzn and $nvda look cheap if LTEG is accurate. market doesn't believe (or can't bring enough capital).
would say market cap is a limiter to effectively pricing the names, or the ETF flows distort idiosyncratic pricing... then again market seems to effectively price $aapl
kind of bulled up for $amzn this week
Brazil is the next great investment story… and it always will be.
Remember equities are
- multiple
- earnings growth
- fx
in Brazil and most every EM fx is all that matters.
a 25% downmove is nothing
Too hard pile
$ewz
