what are you selling today?

[phil_Buffett]

Today out Exor (look at the Exor and Ferrari threat) thesis broken, UMG out, the same company bullshit as Exor. Horrible Management. Tencent as Luke posted the feelings for it in the thread. Booking Holdings to add more to Safran. Alphabet sell and bought more Amrize and St Joe, SPGI and Visa. Pretty busy day. Dont like the activity, absolutely hate it, but i have to do something

[adventurer]

2 minutes ago, phil_Buffett said:

Today out Exor (look at the Exor and Ferrari threat) thesis broken, UMG out, the same company bullshit as Exor. Horrible Management. Tencent as Luke posted the feelings for it in the thread. Booking Holdings to add more to Safran. Alphabet sell and bought more Amrize and St Joe, SPGI and Visa. Pretty busy day. Dont like the activity, absolutely hate it, but i have to do something

What was your thesis on Exor? 

[phil_Buffett]

15 minutes ago, adventurer said:

What was your thesis on Exor? 

was holding this thing since Pabrai invested in FCA. Ferrari Spin and then i was selling after a time the ferrari stake for big gains also FCA and after a time bought exor. To wide discount. but the last month i had a bad feeling and getting confirmed that right now the thesis is broken. Ferrari is in front of a transformation and they are ruining the brand, stellantis still is shit, cnh also, and the discount widens or stay the same. so the thesis is broken, i made in the past a lot of money to be contrarian to the market but right now the thesis is broken. It is the small things that also happen, like the juventus black hole. If you are really interested in achieving the best outcome, start with everything. and juventus is a black hole, but they are to heavy exposed with emotion to this football club. nothing more, the thesis is broken. elkann is in deep trouble with ferrari. This has nothing to do with Enzo Ferrari. I know that they will be People who defend it until the end. be honest to yourself, it is only confirmation bias for a awesome investment (it is not)

[Luke]

1 hour ago, phil_Buffett said:

Today out Exor (look at the Exor and Ferrari threat) thesis broken, UMG out, the same company bullshit as Exor. Horrible Management. Tencent as Luke posted the feelings for it in the thread. Booking Holdings to add more to Safran. Alphabet sell and bought more Amrize and St Joe, SPGI and Visa. Pretty busy day. Dont like the activity, absolutely hate it, but i have to do something

 

1 hour ago, phil_Buffett said:

was holding this thing since Pabrai invested in FCA. Ferrari Spin and then i was selling after a time the ferrari stake for big gains also FCA and after a time bought exor. To wide discount. but the last month i had a bad feeling and getting confirmed that right now the thesis is broken. Ferrari is in front of a transformation and they are ruining the brand, stellantis still is shit, cnh also, and the discount widens or stay the same. so the thesis is broken, i made in the past a lot of money to be contrarian to the market but right now the thesis is broken. It is the small things that also happen, like the juventus black hole. If you are really interested in achieving the best outcome, start with everything. and juventus is a black hole, but they are to heavy exposed with emotion to this football club. nothing more, the thesis is broken. elkann is in deep trouble with ferrari. This has nothing to do with Enzo Ferrari. I know that they will be People who defend it until the end. be honest to yourself, it is only confirmation bias for a awesome investment (it is not)

Yeha i am also just pissed and made a lot of mistakes last few years (that havent caused any dmg but opportunity costs were huge)...tencent is still better than exor...at least i see more in tencent...also hard to find alternative (maybe CSU is something where one can allocate with good feeling)...

[Rainier]

On 5/20/2026 at 6:26 AM, Spekulatius said:

Sold $ZS, reduced $ELV

Great timing on ZS

[thowed]

I never felt Elkann really proved his talent - the one big thing he did was get Marchionne, but actions since then have suggested to me that was luck rather than skill.  But he's got a lot of people who think he's the bee's knees.

[Spekulatius]

On 5/27/2026 at 12:52 PM, Rainier said:

Great timing on ZS

This thing rocketed from $115 to $180 on no news. I went in way to early and also got out a little early but it’s beats being a bagholder.

 

Better lucky than smart. $ZS forecast was pretty lousy- a slowdown in growth from the mid twenties tonight mid teens next year and not a lot color why (other than apparently crucial salespeople leaving). This has been a very reliable grower in the past.

 

I might get back in if it hits ~$115 again.

Edited May 28 by Spekulatius

[brobro777]

Sold short EWY

 

 

[EgonKuhn]

Sold 1/2 of my CCC.L (Computacenter PLC) position

[Spekulatius]

Reduced APR.W in my tax deferred accounts. Worked out well.

[decipher]

CROX. Tiny trading position, will get back if it falls.

[EgonKuhn]

Sold another 1/7 of my HPE position

[MxMI17]

Sold all my AMAT - it has run nicely and the whole market feels a bit too euforic for my taste. Not bad to have some more dry powder for the upcoming months.

Edited May 30 by MxMI17

[Paarslaars]

Sold MU today, 100% in two months is fine.

[frommi]

17 minutes ago, Paarslaars said:

Sold MU today, 100% in two months is fine.

gz

[Paarslaars]

Thanks, still relatively cheap to be honest if forward earnings are correct but I just have to imagine after memory prices tripling in a year that a lot of effort will also be put in minimizing memory use.

[Spekulatius]

2 hours ago, Paarslaars said:

Sold MU today, 100% in two months is fine.

 Congrats. Great trade. You seem to have a knack for these setups.

Edited 17 hours ago by Spekulatius

[formthirteen]

ARM 

[Paarslaars]

Haha yeah maybe I should stick to that and become a trader, most of my long term investments (Nintendo, BTC/Metaplanet, FFH) have done horrible the past 6-12 months. My short term 'AI value chain basket' are all up 30-130% sinds I bought them the past 1-2 months.

 

 

 

 

[Cod Liver Oil]

@Paarslaars Sometimes the more instinctive analysis on short term stuff is better than the grinding granular hyper rational analysis we do when we make large commitments.