To The Moon

Why Garmin Should Buy PelotonExpanding Garmin $Garmin(GRMN)$ 's ecosystem of hardware with fitness content $Peloton Interactive, Inc.(PTON)$ makes a lot of sense.Garmin + PelotonOne of the key reasons I think Garmin has asymmetric potential long-term is that it’s a key piece of hardware in tracking health and fitness, with the potential to add incremental recurring revenue streams from connectivity and health & fitness analysis and content.It’s a classic marriage of hardware and software.I think it’s time the company expands more aggressively into the fitness content side by buying a subscription-based business with 2.7 million paying premium members.Peloton Needs ScaleLongtime subscribers will rememb

A year ago, if you wrote something nice about $Alphabet(GOOG)$ $Alphabet(GOOGL)$ , someone would respond with something like, “They’re cooked. Ever heard of ChatGPT?”The sentiment around Alphabet CEO Sundar Pichai was about as bad as it could get. He didn’t know how to innovate. Google was terrible at making new products. A “woke” culture couldn’t win in AI (see early Gemini images). Today, Google seems inevitable. And I’m struck by how simple the answer was and continues to be as an investor. Buy Alphabets stock and just hang on for the ride! The History of DisruptionThe negative sentiment around Google was always about disruption. ChatGPT was first to “figure out” the AI chatbot, and that would disrupt

I didn't understand $Netflix(NFLX)$ 10 years ago, but I learned lessons from that mistake.1. Users > Profits: In a digital business, it's critical to reach scale. Profits don't matter on the path to scale.2. Delay Taking Price: Margins are low? Who cares! See #1.3. Suppliers eventually have to bend the knee to the one who owns demand.You don't say, "I'm going to watch Sony's K-Pop tonight." You say, "I'm going to watch Netflix." Demand matters above all else. Owning the customer is the ultimate goal. The companies we CHOOSE to interact with are the ultimate winners on the market. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs

There were some big movers early in 2026, but overall, the market has been pretty quiet. This week, earnings season starts, so it’s likely we’ll get more fireworks soon.Let’s just go through a few examples of how consequences could be far from what the original intent is.Capping Credit Card Rates at 10%IntentLower interest rates for those who struggle most to pay their bills.Unintended ConsequenceCredit won’t be offered to those same borrowers in the first place.They’ll then spend less overall because they don’t have access to funds.Note: Maybe this will be a good thing long-term?!?Cash back and points rewards will be worse for lower-risk borrowers.More people will use BNPL and payday loans.Banks (not the credit card companies) determine who gets a card, what their limits are, what the rat

1. $Hims & Hers Health Inc.(HIMS)$ I'm going to do some $HIMS content this week, but this is a reminder that long-term disruptive companies are NEVER a straight line higher.This is Netflix's revenue growth rate over 20 years. It was a wild roller coaster! 2. $Netflix(NFLX)$ V $Warner Bros. Discovery(WBD)$ I REALLY want to like $NFLX here, but I don't love the stagnant market share for ~3 years at this point.This should be a golden age for Netflix's share gains, and instead, they're forced into (IMO) a defensive acquisition of $WBD at an insane price.There's value at some point, but not yet. For SG users only, Welcome to open a CBA today and enjoy access to a t

A big autonomy win has pushed Mobileye higher, but an acquisition added questions about management's priorities.Mobileye’s U.S. Automaker WinI think the most consequential announcement this week was Mobileye announcing a second design win with “a US-based automaker”. Here’s the meat of the announcement. Mobileye today announced that a US-based automaker has chosen the Mobileye EyeQ™6H to power future advanced driver assistance systems with hands-free driving on select highways across millions of vehicles worldwide. This deal reflects accelerating demand for Mobileye Surround ADAS™ systems globally, and Mobileye now estimates future delivery of more than 19 million EyeQ6H-based Surround systems, including 9 million from the new automaker announced today in addition to programs by Volkswagen

If I worked in healthcare, I would do 2 things:1. Buy disruptive stocks like $Hims & Hers Health Inc.(HIMS)$ as a hedge2. Figure out how I'm different/better than an AIIf you're not differentiated from what someone can get on ChatGPT today, you have no future in healthcare.That's the reality.THE MEDICAL INDUSTRY IS BEING DISRUPTEDIn the U.S. alone, healthcare is a $5 trillion industry.AI has the opportunity to rapidly:1. Improve access2. Incorporate more/better data3. Improve efficacy of treatments4. Lower costs dramaticallyWe all have stories of wasted time and money, poor diagnosis, and waste in the system.What if all of your healthcare data -- weight readings from a smart scale, heart rate from a watch, oxygen levels, and more -- lived in a

It’s 2026, so it’s time to have some fun with expectations for the year.Most predictions I’ve seen a pretty boring, like “stocks will go up ~9%” or “ $Amazon.com(AMZN)$ will outperform.”I think this is going to be a crazier year than most in the market think. We’re in the calm before the storm.Expect the unexpected!#1: OpenAI Will “Collapse”This may sound provocative at first, but I don’t think it’s all that far-fetched.The Information reported in September that OpenAI expects to burn $131 billion through 2029 and then magically become profitable.There’s just one problem with that plan…Google $Alphabet(GOOG)$ $Alphabet(GOOGL)$ !Google has clearly gained momentum

I didn't understand $Netflix(NFLX)$ 10 years ago, but I learned lessons from that mistake.1. Users > Profits: In a digital business, it's critical to reach scale. Profits don't matter on the path to scale.2. Delay Taking Price: Margins are low? Who cares! See #1.3. Suppliers eventually have to bend the knee to the one who owns demand.You don't say, "I'm going to watch Sony's K-Pop tonight." You say, "I'm going to watch Netflix." Demand matters above all else. Owning the customer is the ultimate goal. The companies we CHOOSE to interact with are the ultimate winners on the market. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs

The entire "AI Trade" is a confidence game. $Oracle(ORCL)$ $NEBIUS(NBIS)$ $CoreWeave, Inc.(CRWV)$ $IREN Ltd(IREN)$ If the market has confidence that spending will increase and stocks will go up, companies will be able to raise money to spend on capex and stocks will go up.But if the market loses confidence and stocks drop (like they have) confidence is broken and it can be a downward spiral because NONE of these neoclouds has a sustainable business model today. (Hyperscalers are a different story) For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading