Sustainable Growth

Patience is an increasingly lost art with single stock investing. In the nearly 15 yrs of holding $MA, I had a nearly 3 yr stretch between 20-23 where the stock did nothing. Stock returns come in clumps… you’ll get nothing and then all at once. But you have to be on to benefit.

Investing is hard. Always look at the direction of travel and where things are moving to, not where they are. Tried to highlight issues with $RDDT. Investor disbelief at the time was clear. Comments were entertaining :)

$RDDT Still believe this is too hard basket for me. Definite structural challenges.

Coming up to 15 yrs owing $MA. Every year d-bags will give me another reason why this thing will die. Crypto, Apple Pay, X-Border upstarts, stable coin etc. MA just pounds them with mid teens revenue and 20%+ EPS growth. D-bags then go quiet till the following year 🤣

Amazed at just how good a biz $MSFT is. Nearly 40 yrs after IPO it’s still growing revenue and earnings almost 20%…..20%!! Azure cloud another quarter of 30% + growth. Bar is high for me to look at other spots for my $ to allocate when I can get these types of numbers.

The $META result looks much better when put against $GOOG ad biz numbers, which really looks structurally stuck. Ad monetization of AI mode is surely going to come at the expense of blue links. That said GCP growth was great, but too big Anthro dependency. Think Anthro fades soon

Much happier watching the chaos of $FICO now with my scaled back larger sized starter than my previously held moderately sized conviction position. Regime change needed to see any real gains here, which probably takes a couple of years. Dont want to wait with size for that.

Added $RKLB today. Growing more bullish with $SPCX woes. Governments will be desperate for more options here. Now a nearly full cap weighted position.

My last $MELI buy was mid May at $1499. I’ll be wading in to add more meaningfully if we hit the $1300’s . This is a co I feel confident will do amazing things in the years to come. Tracking this very closely.

I did a couple of things right this year. Loading $ISRG in low to mid $300’s was one of them.

What a shit show $SE stock has become this year. Not bad timing though. I’ll be tax loss selling this shortly to cover a bunch of long term gains already booked earlier this year. My outlook on this hasn’t changed at all though, despite price action. I plan to fully repurchase.

$BE Back for another dip at the well. 3rd time this year. Opening closing opening closing. Wonder what this time will bring…

Well, 10M subs came and went, faster than I was expecting. Perhaps $AAPL and $GOOG don’t really care about this market as much as I thought are are willing to cede it to $META. Or perhaps they don’t really have much of a choice as their dev capabilities just aren’t there yet.

$RKLB once again approaching my strike zone. Bit underweight this one. Something I’d like to fix this time around.

$WTC Don’t think anyone who followed this carefully was at all surprised by this result. Always believed the AFR is the “Aus Women’s Weekly” of the corporate world. Absolute rag of a newspaper. Didn’t they win a Wakely or some such rubbish for “investigative journalism “

Having used $META Muse for a few weeks, hard to feel much optimism for $ADBEs prospects in consumer and SMB. Agent use is still super early and habits take time to break, but there is a structural headwind that’s coming.

So it was actually $CRWD that became my 10th 10 bagger. I kinda slept through this one, and it’s up nearly 11x from my 1st buy since 2020. I have added a bunch of times since.

$META This is a crazy ass weird ass market. But a bit of patience will eventually do the trick.

$MSFT two chances within 1 yr to nab ~50% returns. Did you grab either one of them?

$META Muse may end up taking a lot more share of this market than what I had expected. OAI and GOOG panicked as response to META with poor releases. With Anthros agent having a 10% chance of doing harm it will have no takers. Lets see what $AaPL has in ‘30