Cathance

Investing. Tech & more

[Cathance @CathanceRiver]

@iruletheworldmo We're skipping Boron?

[Cathance @CathanceRiver]

@viggy_krishnan @rev_cap It shows roughly how much taxes would need to go up to balance the budget?

[Cathance @CathanceRiver]

@ruima Those are indeed some very capable women but the odds that Fei-Fei stays at $AMD longer than her retention agreement calls for are very low

[Cathance @CathanceRiver]

@TechFundies You're spot on! Today, AI overviews are a huge lift for the number 2 product, and kill 3 and below. Likely the same in an agentic world.

[Cathance @CathanceRiver]

@viggy_krishnan @matt_slotnick Do "payments to distribution partners" include implicitly payment for inference costs (i.e. COGS) in addition to distribution (i.e. S&M)? But also: they could book as net revenue, in which case GMs would be much higher!

[Cathance @CathanceRiver]

@Noahpinion Solar and wind are like bread and butter. Complements. Cheaper to build a mixed system with less battery storage than it is to build pure solar + battery

[Cathance @CathanceRiver]

$META Muse is v cool - well implemented and giving away so much compute it'll be hard to match (~$1,500 free compute per month at API prices lol). Brave new world for $GOOG search... they can obviously launch a similar product but share will be lower? Thoughts @accrued_int

[Cathance @CathanceRiver]

@TechFundies @Restructuring__ Picking the right benchmark is most of the battle... and they picked well!

[Cathance @CathanceRiver]

@nicbstme A jump similar to Astra from GPT 5.6?

[Cathance @CathanceRiver]

@ChairliftCap @PaneerCap https://t.co/TJZTDfBFCV

[Cathance @CathanceRiver]

@dylan522p @suchenzang It's principal + interest, not just principal - but your point about value not yet received would be the same for capital financed by debt

[Cathance @CathanceRiver]

@TheShortBear

[Cathance @CathanceRiver]

@TheShortBear Adds/trims tells you the most... biggest adds were $YPF, $NTRA , $STM & $BRCM. Biggest sales were $AMZN, $GOOG, $WWD, $TEVA, $BE and a financials ETF. Hard to draw a strong AI narrative from that action https://t.co/HHih9LWVcU

[Cathance @CathanceRiver]

@TheShortBear

[Cathance @CathanceRiver]

@bennpeifert Hilarious argument... but at least he can argue this view explicitly, which is an improvement over his "platform value" rollup days. At least the man is learning!

[Cathance @CathanceRiver]

@kab604 Compounding is a show don't tell affair... much like sticking it to the shorts

[Cathance @CathanceRiver]

A lot that's interesting in info services rn imo... $FICO, $SPGI, $CSGP, etc

[Cathance @CathanceRiver]

Interesting to see Dodge & Cox continue to build their $TRU TransUnion stake above 10%, as seen on https://t.co/C5qKInGxif

[Cathance @CathanceRiver]

@RecurveCapital For $SMCI, this seems highly likely to just be an excuse to issue equity? Even with their leverage, seems like they could finance working capital for firm orders from $GOOG, $META etc. And could likely keep is off bs too

[Cathance @CathanceRiver]

@HedgeDirty Isn't this true for every generation? Tis but the human condition