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Excellent point. Should also note the inference/API costs which the AI bulls say are coming down 1000x are not really calculated costs. It's cost to reach a benchmark. These benchmarks have been public for a long time now and it's very easy to train future models or existing models to optimize for the bench. Like the folks on Shitter say, "benchmaxxing". So inference/token costs coming down is an illusion.

https://a16z.com/the-cost-of-cloud-a-trillion-dollar-paradox/ LOL.

Adding to Nintendo

@jinvest, A belated welcome to CofB&F to you! ! , - - - o 0 o - - - In general, it is better options to ignore a CofB&F member, which posts are bugging you [it's in your profile options], or as an alternative, you are suggested to use the report option in upper right corner of such post, to get the attention of the right person.

Thanks. I missed that the updated report came out. I like the green better!

With all this money from the memory chip windfall sloshing around on South Korea , I think expect to see a boom in consumer spending. Some of this should go towards Coupang.

I liked Joe at the beginning of the year, and still like it

Sorry to hear that.

Do it lol

High Praise indeed. Thanks! For anyone interested my full review is in 3 parts which you can find here: https://substack.com/@buildingarks/note/c-260954936?utm_source=notes-share-action&r=j8x31 Apologies in advance - it is overlong and needs an edit, which I hope to find time for in July.

Honestly, time to ban Blake. (Who am I? Nobody, but I've been on lots of forums, and it's not gonna end well...)

Yeah not arguing with your ownership point. But for me that falls back on immigration again. Hasn't helped us in that regard... I agree on the EU risks, just seeing a lot of those for US as well. They will lose their reserve currency status at one point...

Which freedom do you think US citizens have that we do not?

Let's see... I believe my two ideas were CROX and Nintendo. One worked exceptionally well, the other needs a longer timeframe than a year unfortuantly. I like CSU, JOE, Fairfax, CPNG for the rest of the year, not to shill my portfolio too much

Intuit. Are hundreds of thousands of small business going to decide to vibe code their accounting software?

Trading freedom for security essentially. And I'm saying this without judgment.

I really liked the presentation for daikin from Elliott and they bought i think almost 5% back.

Thanks for pointing out the Elliott presentation on Daikin - I hadn't noticed this and used to follow this industry pretty closely. For those interested, here is a direct link to Elliott's presentation on Daikin: https://elliottletters.com/wp-content/uploads/EN-Elliott-Management-Releases-Presentation-on-Daikin-Industries-Ltd.pdf Daikin and Mitsubishi have a great quality reputation (outside of Daikin's Goodman unit which has a low-cost/bad reputation) but I worry that like in so many industries the Chinese giants Midea & Gree are just going to eat huge chunks of global marketshare on price competitiveness. Midea and Gree are the manufacturer of an enormous amount of HVAC equipment that had other brand names on it. There is more to the industry than Residential HVAC and mini split heat pumps but I just see Midea & Gree killing it with their contract manufacturing divisions and they are everywhere. Price is low, quality is plenty good. When Daikin bought Goodman in the US, the best part of that deal was the overnight distribution advantage they acquired. According to Elliott they haven't done much to integrate any of those acquisitions. Anyway, I like HVAC and have my EPA 608 certification and do a lot of free HVAC repairs for friends and family and it's always an industry that has interested me. Plus its over 90 degrees F where I live so its important

CSU (+Topicus,Lumine), VEEV, Adobe, CPRT, Autotrader, Evolution AB, Hacksaw Gaming AB, KSPI, Edenred, FISV, GPN,(+JKHY,FIS,FOUR) OTCM, Karelia Tobacco, MTY Food Group, Greggs. Thats 75% of my portfolio and all are still cheap.

Don't want to turn this into an intellectual battle of ego's - I don't root for 80 hour work weeks, I'm just saying we could definitely return more ownership towards the people. My opinion is that we shouldn't take current government support for granted and I'm having a more positive image of the US in 25 years compared to EU. For EU I see more risks and less opportunities vs. US.

Yeah Adobe and SAP looks interesting

Nice! Angela tugs me around London pretty often, sometimes for an entire week. Paris too. However, we both prefer to spend the majority of our time discovering in the nooks and crannies. We plan on spending time in Llandudno also on this trip and actually can walk there from where we will stay.

The US is suffering from a similar problem though, they keep borrowing to fund their innovation. US debt to GDP is 122%, Belgium is 110%. Belgium needs to practice more austerity with their social security, too much is taken advantage of. It would indeed be better if that money is more spent towards innovation to increase our GDP, that I agree on. However, I don't believe this needs to result in Belgians working 80hour weeks to get by and pray to god they never need an ambulance.

I'm still very very bullish on Coupang. I believe many software names will have their moment in the sun from the levels as well.