SouthernValue
@SouthernValue95
Infinitely curious. “Spend each day trying to be a little wiser than you were when you woke up.” - Charlie Munger
I asked Gemini to re-write this as if Warren Buffett had written it, with a more patriotic and inspiring tone: "An American Miracle Every so often, on a morning like any other, it’s worth pausing to reflect on a quiet miracle. It’s a miracle built not by one person, but by…
The Wealth of Everyday I wake up each morning on a Costco memory-foam mattress. Nothing fancy, nothing exclusive—just the same mid-tier slab that comes with free two-day shipping to anyone with an address and a debit card. At 6 a.m. my thermostat clicks to 70 °F, a luxury now…
This expressed view is most directly an attack on $CSU of public SW companies. Curious to hear bulls push back (I have a view but I’d be curious to hear others). Sub 10M ARR VMS cos are squarely in the “easiest to vibe code a replacement” category w/o huge…
Replit CEO: “Companies that have a platform, developer community around it, plugin ecosystem and things like that, theyre safe. Nobody is going to vibe code Salesforce. I think that the vertical SaaS is in trouble. Its already showing in some of the metrics.” Interesting bc…
“The most interesting thing about Cursor is that the growth in Cursor at Shopify is happening a lot outside of engineering and R&D. Finance, Sales, Support, those are the teams using Cursor,” “Last year we hired 25 interns, this year we’re targeting 1,000.” Q: is this the End…
“We’ve been using AI tools a long time in engineering. We were the first to use GitHub Copilot outside of GitHub in 2021, we weren’t charged for 2yrs and in exchange we gave them lots of feedback. We then deployed Cursor 1yr ago. We’re trying all these things to see what’s…
Trying to explain to my wife that no, it’s not a good thing that you told your sister to cross check $TGT for the matching Nespresso machine sale and saved her $15, bc $AMZN is our largest position.
Market multiples remain extremely top-heavy. FANG, FAAMNG, Mag7, constantly change. The Magnificent 25 (largest 25 holdings) are over half of the S&P 500 (51%). That list now includes $AVGO $ORCL $PLTR, along with the FAAMNGs and largest global blue chips ( $BRK $JPM $JNJ $LLY…
Goldman's global e-com forecast has total e-commerce penetration stuck in the mid-20% range over time, w/ only 6% market CAGR to 2030. Strikes me a bit conservative and I wonder if we are rather just in an extended digestion because of: 1) digestion after COVID pull-forward…
Can I say something without people getting mad? He's great, but after the first sentence this is word salad.
$CSU Mark Leonard on assessing moats: "Looking at how long the customers have been there is really a great way to look at that. Obviously, your -- have a pricing power, what you have, the stronger the moat, you have that. And that's a wonderful thing because you actually can…
If you’re a growth/garp investor and you’re wrong about a business, you’ll probably lose a fair amount of money on the investment but at least you’ll figure out that you’re right or wrong fairly quickly and be able to adjust/learn from mistakes. For the rigid “value investors”…
The Europoorean mind cannot comprehend the amount of economic activity occurring off a single highway exit sharing a Bass Pro Shops, Buc-ee’s, and a Costco.
The market is in wave 3 of "software is dead bc of AI" scare, but its not evenly distributed, w/ the high growth software cohort trading at '21 high EV/S multiples despite worse overall growth. In aggregate, though, FCF multiples for software companies are below the 10yr avg (w/…
