prism

Musings on investing

[prism @odysseytrip]

@valuehurts Weetabix a past example

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@value_invest12 So in summary....?

[prism @odysseytrip]

@WTCM3 Source pls?

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@cactusmaac @Hannesahl @kab604 Not in the price already? Note the market share - Autotrader has no rival currently

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@breadcrumbsre Meta on $Meta ?

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@tropicalvalue How do you track token volume?

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@ROICinvestor Good synopsis

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@dopamine_uptake @kab604 Current focus is exclusively on consumer threat rather than opportunity for marketplace leader to add value to vendors and claim larger share of value

[prism @odysseytrip]

@dopamine_uptake @kab604 Can imagine when department stores launched people speculated there would be no need for specialist shops. Google had total search dominance yet ditched attempts to compete in marketplaces.

[prism @odysseytrip]

@kab604 A dystopian reinvention of 'activist investing'

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@valuehurts Why you think an interlude is imminent?

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@hareng_rouge Next do $IWG 😆

[prism @odysseytrip]

@peter_mantas @MetaponA @rebound_capital Could you clarify as its hard to follow your logic. CSU seems advantaged in building the best agent given their priviledged access to data and stakeholders. Secondly the value-add of software increases. Third the cost of maintenance is reduced.

[prism @odysseytrip]

@ReneSellmann Could also say that 'Humans are remarkably bad at intuitively extrapolating exponential progress indiscriminately'

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@HiddenValueGems Nor the durability of that capex

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@Jesse_Livermore You’re overdue a blog post!!

[prism @odysseytrip]

@GHadjia Either AI reduces network effects and lowers margins or AI will enable them to expand their service and TAM.

I believe latter more likely

[prism @odysseytrip]

@fallacyalarm Futhermore, the supply side response is lagging as companies incinerated capital in the last cycle. The miners are still cheap v gold price. The fall in shares outstanding on GDX illustrates investor hesitation.

[prism @odysseytrip]

@fallacyalarm Investment demand is not a % gold price increase to offset inflation. Rather a reappraisal of reserve asset mix. Eg China run a trade surplus by keeping RMB down. They don't want US liabilities so they buy gold discreetly. The US will stop this mercantilism but not in 2026.