Eduardo Lage

Equity Research Analyst, tech focused, father, believer. MAGA! 🇺🇸

I don't speculate; I invest.

Not financial advice. Do your due diligence

[Eduardo Lage @Edulage1]

First Bill Ackman, now Gavin Baker.

Time to start buying some quality names.

[Gavin Baker @GavinSBaker]

Risk/reward seems attractive:

Token consumption accelerating, GPU per hour rental prices going vertical and Tech valuations are broadly below their Covid and Deepseek lows.

Some high quality secular growth names are at mid single digit multiples on real 27/28 numbers.

[Eduardo Lage @Edulage1]

@SenWarren Parasite

[Eduardo Lage @Edulage1]

The power of never giving up

[Reads with Ravi @readswithravi]

“People underestimate how long it takes to win big.

You struggle for 10 years. Eventually, in one day, you achieve more than you did your entire life.

Be patiently aggressive.”

— Patrick Bet-David

[Eduardo Lage @Edulage1]

Every company’s competitive advantage is either getting stronger or getting weaker. There is no standing still.

The most important question an analyst can answer is: Is the moat widening or narrowing?

Competitive advantage drives pricing power. Pricing power drives margins. Margins drive cash flows. Cash flows drive value.

Most of investing is understanding where that trend is headed before the market does.

[Eduardo Lage @Edulage1]

Many businesses get disrupted by the very talent they helped develop.

A company hires smart people, gives them resources, customers, distribution, and industry knowledge. Over time, those employees start seeing opportunities the company can’t or won’t pursue.

Once talented people hit a ceiling—or believe they can monetize their ideas better than their compensation reflects—they leave.

Today’s employee becomes tomorrow’s competitor.

It’s not a bug of capitalism. It’s one of its most powerful features.

Innovation spreads through people, not organizations.

[COATUE @coatuemgmt]

Chart of the Day - In Collaboration with @OutcastVC:

Innovation waves get credited to new technology. The real trigger is when great talent becomes available to build.

The Talent Mobility Index tracks how freely top tech talent can move in a given year, blending hiring, job change, and AI funding data into a single score.

The AI labs concentrated the best builders in the world and created extraordinary success. Now, as that success matures, some of those builders are stepping out to start what's next.

Source: Data collaboration with Outcast Ventures and Coatue.

[Eduardo Lage @Edulage1]

Wokeism is dead

Legacy media is corrupt

Great book

[Gad Saad @GadSaad]

I'm delighted to report that Suicidal Empathy has now been five weeks straight on The New York Times Bestseller List, having debuted as an Instant #1 in its first week!

Get your copy today: https://t.co/MyiE7bjYGx

[Eduardo Lage @Edulage1]

In Elon we trust

[Vivek Sen @Vivek4real_]

CHAMATH:

“WHO CAN YOU TRUST TO HAVE SOME SUPERINTELLIGENCE?

THE ONLY PERSON THAT WE CAN TRUST IS ELON.

I FEEL LIKE HE’S THE LEAST CORRUPTIBLE.”

[Eduardo Lage @Edulage1]

You can't be an investor in innovation and technology while being pessimistic about the future.

Every investment is ultimately a bet that human ingenuity will solve problems, create value, and improve lives.

If you truly believe the future will be worse than the present, you're in the wrong business.

[Altimeter Capital @AltimeterCap]

Scott Wapner (@TheJudgeCNBC) asked Brad Gerstner (@altcap) to respond to the bear case on @SpaceX after CFRA issued a sell rating on the stock's first day of trading.

"In technology, a lot more money has been lost sitting on the sidelines, wringing your hands about all the things that can go wrong rather than betting on the upside."

[Eduardo Lage @Edulage1]

Most retail investors would be better off just buying $QQQ instead of single names as well

https://t.co/A3v47KZowz

[Boring_Business @BoringBiz_]

Just holding the QQQ index over the last 10 years would have generated a 22% IRR

You would have outperformed almost every venture capital and private equity fund that exists simply by owning an index and doing nothing beyond that

It is a fallacy that retail needs access to private markets to generate good returns

The reason you see many people push for this is because they want exit liquidity on their own positions. Nothing more

[Eduardo Lage @Edulage1]

Is SpaceX the biggest long-term risk to hyperscalers?

Their S-1 wasn't really about rockets. It was about AI.

SpaceX estimates that ~93% of its TAM comes from AI, with the largest component being enterprise AI applications. They already have partnerships with Google and Anthropic, world-class engineering talent, and a proven ability to build infrastructure faster and cheaper than almost anyone

Everyone assumes the competition in AI will come from OpenAI, Anthropic, Google, Meta, and Microsoft.

What if the biggest competitor ends up being SpaceX?

$SPCX $AMZN $MSFT $GOOGL $ORCL

[Eduardo Lage @Edulage1]

Expecting other people to carry the weight of your life is insane.

The world owes you nothing.

The sooner you stop seeing yourself as a victim and start taking responsibility for your future, the sooner your life changes.

[Camus @newstart_2024]

Chris Williamson reading Mark Manson’s “10 years of therapy in 1 minute” is gold.

Here’s the condensed wisdom:

1. No one is coming to save you. You’re responsible for your life — even the parts that aren’t your fault.

2. Strong boundaries beat weak ones every time.

3. Most problems don’t get “fixed.” You just learn to live well with them.

4. Your mind lies constantly. Tell it to shut the fuck up.

5. Stop trying to convince people to like you. The right ones won’t need convincing.

6. Sometimes the best move is letting a dream die.

7. Only a few people will truly matter long-term. Keep them close.

Mark’s reaction? “Why isn’t this taught in schools?”

Which of these hits you the hardest right now?

[Eduardo Lage @Edulage1]

We are so back! LFG 🇺🇸

[Eduardo Lage @Edulage1]

Love to see it

[Jack Posobiec @JackPosobiec]

We’re witnessing the end of the Left in realtime

[Eduardo Lage @Edulage1]

I will never regret having children

I might regret not having more…

[Salih GÜNEY💙 @seri702]

Evlenirsen pişman olursun. Evlenmezsen de pişman olursun. Çocuk yapsan da yapmasan da pişman olursun. Kierkegaard bunu 200 yıl önce şöyle söylemiştir:
"Neyi seçersen seç pişman olursun. Çünkü sorun tercihlerinde değil yaşanmamış bir hayatı romantize etmendir. İnsan her daim gidilmemiş bir yolu cazibeli ve gizemli bulur. Bu yüzden mesele en doğru seçimi yapman değil. Hangi pişmanlıkla yaşayacağını seçip karar vermendir."
Sen neye karar verdin?

[Eduardo Lage @Edulage1]

@Endrick @CBF_Futebol VAMO BRASIL!

[Eduardo Lage @Edulage1]

@brianeskow I realized I was dreaming too small

[Eduardo Lage @Edulage1]

@pmarca They just want more tax dollars to enrich themselves

More fraud, waste, and abuse

[Eduardo Lage @Edulage1]

People upset about Elon becoming a trillionaire are thinking about wealth the wrong way.

Wealth is not a fixed pie.

A farmer who feeds a village creates wealth.
A company that connects the world creates wealth.
An entrepreneur who builds products used by billions creates wealth.

The pie grows.

The reason society tolerates billionaires is simple: in a functioning market, the biggest fortunes are usually created by solving problems for millions of people.

The goal shouldn’t be making sure nobody becomes a trillionaire.

The goal should be creating a world where more people can create value.

[Eduardo Lage @Edulage1]

@NoLimitGains Haters gonna hate

[Eduardo Lage @Edulage1]

Don’t be a taker, just build things

[Geiger Capital @Geiger_Capital]

Elon employs ~160,000 Americans and in one morning created thousands of millionaires…

You have done nothing for America.

[Eduardo Lage @Edulage1]

Failure is not an option