AQ Capital

Finding value in growth, cycles, mispricings, distress, or whatever works for you; just be patient

[AQ Capital @stoitz]

If Munger/Buffet taught us something, it is that if you can compound your investments at 30% p.a., you don't need to tweet about it, you don't need followers, you don't need to sell a newsletter. Just do it.

[AQ Capital @stoitz]

@ShayKhatiri @zriboua One needs to know in which currency the Iranian oil will be allowed to trade, to know what kind of deal we have and how sustainable it is.

[AQ Capital @stoitz]

Beyond announcements, really Informative will be in which currency the Iranian oil is allowed to trade.
👇🏻

[Velina Tchakarova @vtchakarova]

Iran Deal by tomorrow; no tolls in the Strait of Hormuz and an reopening ahead of Monday’s market.

[AQ Capital @stoitz]

@vtchakarova Important will be in which currency the Iranian oil is allowed to trade.

[AQ Capital @stoitz]

Nothing about China. Let’s see where the ships go. Let’s see in which currency the Iranian oil trades.
The realm of possibilities remains very broad.

[Zineb Riboua @zriboua]

Nothing on nuclear program or missiles or drones or proxies.

[AQ Capital @stoitz]

@vtchakarova Serbia or Belarus

[AQ Capital @stoitz]

@zriboua Iran, Myanmar, North Korea, Ukraine
Panama, Venezuela, Argentina

[AQ Capital @stoitz]

@ReneSellmann @compound248 Every company is only woth its FCF But at times investors forget, get excited, start feeding a loop which can last loger than one can remain solvent

[AQ Capital @stoitz]

@vtchakarova Well Germany is forced to buy US, as you often mentioned. Pick a side. And they have no choice. Uncle Sam sees this project as a danger. Imagine it has the same success as Airbus.
Now what to do?

[AQ Capital @stoitz]

@Frank_Stones Sorry, he communicates with them by twitter?

[AQ Capital @stoitz]

@vtchakarova Game over

[AQ Capital @stoitz]

Very interesting ledger transfer
👇🏻

[Christophe Barraud🛢🐳 @C_Barraud]

🇨🇳 #China banks raise dollar deposit rates amid yuan strength, sources say - Reuters
https://t.co/T5lwXrFOCN

[AQ Capital @stoitz]

OpenAi

The classic “email just works” model was:

Client → IMAP/Exchange server → mailbox

Now it is closer to:

Client → OS background rules → identity token → Microsoft/Apple cloud service → sync cache → mailbox server → compliance/security layer → local index/cache

That is why it can fail in stupid ways: reply button dead, inbox not refreshing, sent items missing, PC and iPhone disagreeing, webmail working while Outlook does not.

[AQ Capital @stoitz]

@ctindale What you describe would be a local equilibrium, a state of transition. 🤔

[AQ Capital @stoitz]

@vtchakarova As opined previously, only Macron can change the course of this war permanently
Let’s hope for a solution in favor of Europe
It will get no love from neither US nor China
But Putin has a choice

[AQ Capital @stoitz]

@SundayM021 @_A_khalifa Correct. No throwing behind the sun possible.
Laws need to be amended, a bit.

[AQ Capital @stoitz]

👇🏻

[Packy McCormick @packyM]

I really like this answer.

Lex: If I gave you a superintelligence, what’s the first question you should ask it?

Michael Levin: Well the first thing I would ask is “how much should I even be talking to you?” Because it’s not clear to me at all that getting somebody to tell you an answer in the long run is optimal… in the long run, the process of discovering it yourself, how much of that are we willing to give up? And by getting a final answer, how much have we missed of stuff we might have found along the way?

[AQ Capital @stoitz]

👇🏻🤯

[Anas Alhajji @anasalhajji]

🔥From a long-term perspective, it doesn’t really matter whether the US and Iran reach an agreement or not. Here’s why:

🔹A massive can of worms has been opened. The genie is out of the bottle.

🔹The damage is already done, and the unintended consequences are now in motion.

🔹The Hormuz crisis has become the strongest catalyst pushing Solar, wind, EVs and hybrids forward. The counter-pressure? Surging demand from data centers and AI. All of this is now a national security issue.

Full breakdown coming in the next X Space — for Premium subscribers only.

[AQ Capital @stoitz]

@vtchakarova 9th century Europe
Serbia-Bulgaria-Kiev
These clerics from Ohrid gave a new
alphabet as well as a religion which later evolved into protestantism
How good it would be for Poland to use the cyrilic alphabet; they wouldn’t have to combine five letters to make a phonetic sound 😆

[Velina Tchakarova @vtchakarova]

Either it’s Cuba or Iran over this long weekend.

[AQ Capital @stoitz]

@DonMiami3 Household equity exposure ~67tn. The borrowing level is not aggressive. What am I missing?