CEO & Co-founder at Gesda Capital. I’m passionated about equity investing and equity valuation. My vision is to show that active equity investing can work if set up properly. I was previously the Chief Investment Strategist at Saxo Bank.
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Var i Parken i går. Endelig lidt elektrisk stemning på Den Røde Mur 🇩🇰 🔥
På øjetesten synes jeg stadig at Højlund ikke virker “in sync” med de andre spillere i bevægelsesmønstrene.
Isaksen er en kæmpe fornøjelse og et kig ind i fremtiden hvor 1v1 bliver nøglen til succes.
I love Deere as a company and it has been an impressive stock.
But there is no chance it can deliver attractive returns over the next 10 years given forward EV/EBITDA of 28x.
Another example of the “1920s style” retail fever is back.
“The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
The most difficult psychological skill to master but nevertheless the most important.
Internalise it as we likely enter a longer high volatility regime.
Just like the Sora model, we will come to the conclusion one year from now that cybersecurity is vastly more complex than scanning scripts for vulnerabilities.
Dog kan Isaksen som omvendt winger godt blive bedre til i visse situationer at drible på fjerneste fod (hans svage fod). Men det er en detalje.
Og skuffende Osula ikke fik chancen.
Froholdt er fantastisk. Nørgaard var stabil i forsvaret.
Eriksen er bare god i kombinationerne.
Will software move from seat-based to outcome-based pricing?
Here is an analogy.
Seat-based pricing is like publicly listed equities. You see the price and it’s transparent.
Outcome-based pricing is like private credit. Marked-to-model and the AI company controls the pricing model.
Didn’t we learn anything from GFC. You cannot have investment vehicles with such a mismatch on liquidity preferences between investors and the underlying assets.
Just heard Bill Gurley on a podcast making a very potent logical point on the circular deal making in AI.
AI CEOs: “They are not material”
Gurley: “If they are not material, then why are you doing it?”
Another interesting question. If all these US companies have excess profits, is that then a market failure? And is the US consumer experiencing a “welfare loss”?
Observation on the US vs China profit model.
Is the Midterms the biggest tail-risk for a stock like Palantir?
