Stoic Alpha

Cash is a fact, profit is an opinion.

[Stoic Alpha @stoic__alpha]

@WeekendInvestng If you listen to his explanation for exiting MU at the time, it was reasonable. No iron clad system could have foreseen what happens later. Shit happens, but at the time Pabrai's rationale for exit could have been sound and not necessarily faulty.

[Stoic Alpha @stoic__alpha]

@AimInvestments Yes

[Stoic Alpha @stoic__alpha]

@riteshmjn Called it

https://t.co/KdMiKkpQKy

[Stoic Alpha @stoic__alpha]

@abidsensibull Multiple compression is coming

[Stoic Alpha @stoic__alpha]

@ActusDei @thefynprint Upon a closer look today:

Foreign ownership of KOSPI rose from 31% to 38% between Nov 2025 and May 2026 but... from May 7–22, foreigners net sold 45.91T won. Retail bought 44.31T won in the same window. The KOSPI rose 4.78%. This is where retail became the marginal price-setter.

[Stoic Alpha @stoic__alpha]

@abidsensibull Multiple compression is coming

[Stoic Alpha @stoic__alpha]

@contrarianEPS When Indian banking was plagued by the "Twin Balance Sheet" crisis, Kotak survived precisely because of excess capital and depressed ROE

[Stoic Alpha @stoic__alpha]

@Amara_Bengaluru He has publicly described himself as bullish on India since 2014. Being bullish is his default setting.

Even during periods of under-performance or short-term headwinds, he positions India for a comeback or re-rating. Not at all shocking from someone like him.

[Stoic Alpha @stoic__alpha]

@qcapital2020 The argument is probably correct in spirit and wrong in precision.

The $8 trillion figure is almost certainly wrong. The depreciation assumption is doing enormous work and is partially wrong.

[Stoic Alpha @stoic__alpha]

@vsvicky_ AGI Greenpac is one of his holdings I'm closely tracking

[Stoic Alpha @stoic__alpha]

@hyperbulla @Vested_finance @INDmoneyApp Check out @nse_ix

[Stoic Alpha @stoic__alpha]

@BoringBiz_ bro casually ignored the concept of 'forward P/E'

[Stoic Alpha @stoic__alpha]

@SamanthaLaDuc ~10x is certainly the forward P/E which clearly means the market doesn't trust those earnings enough to pay a high multiple.

So the real question for the bulls: Can the next quarter convince investors that Micron's forward EPS is closer to $150-200 and durable?

[Stoic Alpha @stoic__alpha]

In 2021, China issued an “any cost” buying mandate... meaning “import oil no matter the price.” That hasn’t happened now. That’s how you know they haven’t run out of options yet.

[Stoic Alpha @stoic__alpha]

For years, China imported about 11 million barrels of oil per day on average. In April, that dropped to 9.3 mb/d, and in May–June it’s expected to fall to ~6.5 mb/d. Normally, if you cut imports that much, you’d see oil stockpiles shrinking fast.

But that’s not happening... 🧵👇

[Javier Blas @JavierBlas]

Must read from @michalmei on how China has managed to reduce oil imports so sharply without (based on available data) tapping stocks.

She offers an alternative to the ‘China-is-tapping-in-secret-its-SPR’ narrative, focusing on refinery yield shifts.

📑: https://t.co/XmH0RuFf1t

[Stoic Alpha @stoic__alpha]

The key signal:

May–June imports are forecast at 6.5 mb/d... that’s way below those no-draw levels. So this time, stocks will have to drop by 0.5–1 mb/d for two months. That’s the real test.

[Stoic Alpha @stoic__alpha]

@deepakshenoy A necessary rant. Enjoyed all of it.

And I'm the last person to dissuade the use of LLMs but the nuance you highlight is incredibly real. Generative AI is a double-edged sword and much as I have to be thankful for, I sure don't want to be bereft of human expression of language.