"A simple stock research system" h/t @VJ_Rabindranath. 1. Do less .2. Calculate even less.3. Read a lot.4. Be passionately curious.5. Think alone.6. Wait for no-brainers.7. Make few decisions and make them count.8. Invest when it's safe not to diversify.9. Record your decisions.

SPX high beta vs. low vol crowding

"The median cost of insuring a Skoda is now 21% higher than the cheapest Ferrari quote in a UK market that appears poorly focused on profitability" cc: $ADM.

Porsche CEO: "Our business model, which has served us well for many decades, no longer works in its current form" $P911.

lesson: don't overcomplicate it.

CC Wei $TSM 2Q25 greatest hits: "We have systems integration, we have CoWoS-L, we have a lot of different names that I can't even remember. "; "I think the first a [humanoid robot] will be used for taking care of the people getting old like me. ".

(logic) litho demand/intensity debate $ASML cc: $TSM $INTC $005930 $MU $000660

RT @noyesclt: @JerryCap Being able to say the patient is ill and can’t walk is different than being the doc that can fix them. I like green….

"Very few players in financial data have successfully created this closed-loop flywheel between B2B underwriting and B2C distribution" $EXPN cc: $EFX.

$SONY mix shifts

EU cyclicals "have reached escape velocity. "

RT @jiratickets: how amazing that anyone can just buy stock in the world’s most innovative companies and reap the benefits. don’t even need….

"Our aftermarket is not only sticky, it grows faster than equipment during downturns" $EPIA.

on the Epiroc 'migration' (and re-rating) $EPIA $ATCOA cc: $METSO

WFE share by application, 2010-2026E (via $IT) $AMAT $ASML

"pathways to relevance" $NVDA $WCN $NOW $ALC

"We acknowledge [Samsung] earnings are de-risked and bottomed, there is a credible ‘bull case’ around the HBM4 new opportunity, it's the weakest performer in DRAM YTD, and at book value, the stock is becoming difficult to ignore" $005930 $000660 $MU cc: $NVDA