Farai Manyemba

Economics, business , politics, finance, sports. Ain't afraid to speak the truth. The war room. Angeline Capital. Love investing.

[Alex Jones @RealAlexJones]

Watch INVADERS from the hellhole known as Zimbabwe on the London subway signing in their language to oblivious British people “You colonialists have lost.”

They are celebrating the conquest of the west via replacement migration.

We are witnessing globalist, sponsored colonialism in reverse.

Colonialism, undoubtedly built up much of the Third World and triggered a population explosion.

Now those populations have been weaponized..

[Farai Manyemba @FManyemba43796]

@John63681549 @grok is this real or fake

[Farai Manyemba @FManyemba43796]

Afterthought: A market crush while so many AI companies are running losses, would most probably leave many swimming naked when the tide is gone! Debts will be difficult to pay, certain shareholder agreements may not be met et al. It may be disastrous to shareholder value creation in AI companies!

The long-term future of AI looks incredibly bright. But even the brightest future can experience storms along the way

[Farai Manyemba @FManyemba43796]

The great AI paradox is the way AI is transforming our lives, yet still burning billions. NUMBERS DON'T LIE!

Artificial Intelligence is changing the way we live, work and think at breathtaking speed. Yet, if you look at the financial statements of many of the companies building this revolution, you find something remarkable:

Many are still spending far more than they earn.

Take OpenAI. Owns ChatGPT the product, not necessarily the shareholding structure. There is a huge difference there since some tech giants like Microsoft have minority interest, and other various significant venture capital funds. Since its founding in 2015, it has never reported an annual profit or positive free cash flow. It continues to invest tens of billions of dollars into AI infrastructure, with profitability viewed as a long-term objective rather than an immediate priority. Profitabilty expected in 2030! And probably lose on some assessed losses due to passage of time.

SpaceX reported $4 billion loss in first quarter of 2025!

Tech giants are spending unprecedented amounts on the AI future. Widely expected to spend $1 trillion in AI capital projects in year 2030 alone! Holding all other factors constant, its about sucess is to who has the bigger wallet! Of course not. That is why I said ceteris paribus!

The same long-term mindset is visible across the AI industry. Companies are pouring unprecedented amounts into data centres, chips, research and talent because they believe today's losses are the price of tomorrow's dominance.

It is even a paradox that the competition is so intense yet the opportunities with AI are so unlimited. Imagine with superinelligence ....widely expected within a decade from now , by which time AI is predicted to be more intelligent than brains of all humans on earth combined! Are we really not creating a possible monister; that can turn against us in the future! How do you control something more intelligent than its creators?

Meanwhile, the NASDAQ 100, powered largely by AI optimism, has climbed to historically rich valuation levels. Many analysts now argue that the market sits in the upper stages of a classic business-cycle boom, increasing the probability of a future correction. History reminds us that bull markets do not last forever. Every boom has eventually been followed by a correction or bear market.

But this cycle has several extraordinary characteristics:

• AI is arguably the biggest technological revolution since the internet, driving much of today's market enthusiasm.

• The Magnificent Seven—NVIDIA, Microsoft, Apple, Amazon, Alphabet, Meta Platforms and Tesla—now account for close to half of the Nasdaq-100's total market value, with a combined market capitalisation north of $15 trilllion, comparable to a substantial share of the entire U.S. economy.

• AI has also created enormous personal wealth. Elon Musk has become the first person whose net worth has been estimated above US$1 trillion at various points, while the success of his companies has created thousands of millionaires through stock ownership and employee equity.

This creates an interesting paradox.

How can investors talk about an imminent market correction while AI is unleashing one of the greatest technological revolutions in history? Or are we in a very elongated boom market cycle? So investors wonder!

The answer is that technology and market cycles are not the same thing.

History teaches us that revolutionary innovations do not eliminate business cycles. Railways, electricity, automobiles, the internet and now AI have all produced extraordinary long-term wealth—but none prevented periodic market corrections.

Markets move in cycles because human psychology moves in cycles.

Boom. Optimism. Euphoria. Correction. Recovery. Repeat.

There is no convincing evidence that "this time is different." AI may reshape civilisation, but it is unlikely to repeal the natural laws of financial markets.

Have a nice day

[Farai Manyemba @FManyemba43796]

@igorsushko @grok is this true

[Farai Manyemba @FManyemba43796]

@BangPino__ @grok is this true

[Farai Manyemba @FManyemba43796]

Most people we enter a negotiation focused on one question:

"How much can I get?"

The best negotiators ask a different question:

"How can we both leave better off than when we arrived?"

That's the difference between a win-lose mindset and a win-win mindset.

A win-lose mentality is driven by extraction—taking the biggest share, securing the greatest advantage, and measuring success by what the other party gives up.

A win-win mentality is driven by value creation. It begins by understanding what matters most to the other party and finding a way to help them achieve it—while ensuring your own objectives are fully met.

Far from being a sign of weakness, this is one of the highest forms of strategic thinking.

The irony is that those who are obsessed with "winning" often sacrifice trust, future opportunities, and lasting relationships. Those who focus on creating value build something far more powerful: credibility, goodwill, and partnerships that people want to return to.

The greatest agreements are not those where one side walks away victorious.

They are the ones where both sides walk away convinced they made the right decision.

Because in the end, the most remarkable deals aren't won.

They're built.

Have a nice day!

[Farai Manyemba @FManyemba43796]

If you are buidling something great, never take vacations, if at all, they should be brief.

The Elon Musk case.

Despite his reputation as a workaholic, Elon Musk has gone on vacations, although they appear to be relatively rare.

Some well-known examples include:

VACATIONS WILL KILL YOU! : South Africa (around 2000):

Musk has said that one of his few real vacations was to South Africa, where he contracted a severe case of malaria. He later joked that the experience convinced him that "vacation will kill you."

TAKING OFF CAN HAVE MAJOR CONSEQUENCES; YOU CAN BE FIRED OR LOSE YOUR PROJECT WHILE ON HONEYMOON:

After marrying his first wife, he took a honeymoon. During that trip, he was famously informed that he had been replaced as CEO of PayPal (then https://t.co/bR0HHbRLVq), reinforcing his view that taking time off could have major consequences.

MAKE IT AS BRIEF AS POSSIBLE; Mykonos, Greece (2022).

Musk was photographed relaxing on a yacht off the coast of Mykonos. He later joked on social media about the photos but said he was "already back in the factory," emphasizing that the trip was brief.

Musk has also repeatedly said he dislikes vacations. In a 2015 interview, he remarked that in the previous 12 years he had only tried to take a week off twice, and joked that each time one of his rockets exploded. His tongue-in-cheek conclusion was: "The lesson here is, don't take a week off."

So while he has gone on holiday, it's uncommon by his own account, and he has often portrayed vacations as something he neither enjoys nor prioritizes.

WISDOM: IF YOU ARE BUILDING A DREAM, SOMETHING GREAT YOU LOVE, NEVER TAKE VACATION.

[Farai Manyemba @FManyemba43796]

Tesco PLC https://t.co/Wpofdq6JV3

[Farai Manyemba @FManyemba43796]

https://t.co/WqVfdHcaG7

[Farai Manyemba @FManyemba43796]

Is Comcast a Value Trap… or One of the Market's Most Misunderstood Cash Flow Machines? https://t.co/Jyr2HkgDLM

[Farai Manyemba @FManyemba43796]

Disclaimer

This research note reflects my personal opinions and has been prepared solely for educational purposes and to encourage thoughtful discussion.

It does not constitute financial advice, investment recommendations or an offer to buy or sell any security.

Every investor should conduct their own independent research, consider their own financial circumstances and, where appropriate, seek professional advice before making any investment decision.

[Farai Manyemba @FManyemba43796]

Comcast — Value Trap or Market Opportunity?

1/10

Is Comcast a value trap... or one of the market's most misunderstood cash flow machines?

Most investors see declining cable TV, broadband competition and slowing growth.

I saw something different.

After analysing Comcast's annual report using my Business Value Framework™, I reached a very different conclusion.

Here's why... 🧵👇

[Farai Manyemba @FManyemba43796]

10/10

Final Verdict: 🟢 BUY (Long-Term)

Not because Comcast is a perfect business.

But because I believe the market is valuing it primarily as a declining cable company rather than a highly cash-generative connectivity and digital infrastructure business.

This thread only scratches the surface.

The full Business Value Research Note No. 001 includes:

• Industry analysis

• Competitive moat assessment

• Management review

• Financial statement analysis

• Probability-weighted intrinsic value

• Investment scorecard

• What could change my mind

📖 Read the full report here: https://t.co/ZfpXpg9N9U

I'd genuinely welcome thoughtful feedback and debate.

[Farai Manyemba @FManyemba43796]

9/10

One principle sits at the heart of my Business Value Framework™:

Management's narrative must always be tested against the financial statements.

Not the other way around.

The numbers should support the story.

If they don't, the investment thesis needs to change.

That discipline shaped every conclusion in my research.

[Farai Manyemba @FManyemba43796]

8/10

After analysing the business, I estimated three intrinsic value scenarios:

• Conservative: US$90–100B

• Base Case: US$120–140B

• Bull Case: US$150–180B

My probability-weighted estimate is materially above today's market value.

The market may be pricing Comcast for a more pessimistic future than I believe is likely.

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[Farai Manyemba @FManyemba43796]

7/10

One question kept coming back during my research.

Why return US$11.7 billion to shareholders through dividends and buybacks instead of investing even more in fibre?

It's not a simple answer.

Sometimes buying back undervalued shares creates more value than spending additional capital.

Capital allocation is where great management teams distinguish themselves.

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[Farai Manyemba @FManyemba43796]

6/10

The real battle isn't cable TV.

It's broadband.

Comcast now faces intense competition from fibre and 5G fixed wireless.

The key question isn't whether competition exists.

It clearly does.

The question is whether management can strengthen the business faster than competitors weaken its moat.

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[Farai Manyemba @FManyemba43796]

5/10

The biggest surprise?

Not broadband.

Not Peacock.

Comcast Business.

In my view, this is one of the market's most overlooked assets.

High-quality recurring revenue.

Excellent margins.

Strong cash generation.

Sometimes the market focuses on the loudest story instead of the most valuable one.

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[Farai Manyemba @FManyemba43796]

4/10

Despite industry headwinds, Comcast continues generating approximately US$17–19 billion of annual free cash flow.

Cash—not accounting earnings—is what ultimately funds:

• Dividends

• Share buybacks

• Debt reduction

• Future growth

For me, cash flow remains the cornerstone of intrinsic value.

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[Farai Manyemba @FManyemba43796]

3/10

Revenue was essentially flat.

Many investors would stop there and conclude the business isn't growing.

But the real question isn't:

"Is revenue growing?"

It's:

Which parts of the business are growing—and which are declining?

That's where the story becomes much more interesting.

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