𝗡𝗲𝘁𝗳𝗹𝗶𝘅 𝗤𝟰 𝟮𝟬𝟮𝟱 𝘗𝘳𝘰𝘨𝘳𝘦𝘴𝘴 𝘢𝘯𝘥 𝘍𝘶𝘵𝘶𝘳𝘦 𝘖𝘶𝘵𝘭𝘰𝘰𝘬 🍿 Revenue Growth: In 2025, Netflix’s revenue grew by 15.9% Y/Y to $45.2 billion. 🎥 Operating Profit: Operating profit rose by 27.9% Y/Y to $13.3 billion, increasing the operating profit margin by

Following the full sale of ASML $ASML earlier this week, my cash position has increased by ~27 percentage points. Over the past week, I have partially deployed this to make Netflix $NFLX the number one position in my portfolio. Lately, Netflix's share price has been under

Earlier this week, I also sold my remaining half in ASML $ASML. The company's share price is now at €1,160, over 100% above my last purchase in April 2025—just 9 months ago—when the company was trading at a 17.8% IRR in my valuation sheets. During this period, this implied

In a world where AI will create deflationary forces, companies that have a core philosophy of delivering a large consumer surplus through scale economies will thrive in comparison to other companies. Think of companies like 3i Group $III.L, Netflix $NFLX, and Amazon $AMZN.

I didn't know that Ferrari $RACE also sold clothing; its new arrivals include an assortment of 320 products.

I believe we are significantly underestimating the disruptive power that AI will have in the coming decade.

Last week, I increased my position in Netflix $NFLX by 77%, bringing it to a weighting of ~17%, making it the fourth-largest position in my portfolio.

We are approaching a point at which humanity can no longer tell whether something is AI-generated or human-generated. Our only hope is placed in AI itself, which must tell us whether something is true or not (@grok, is this true?). When the point is also reached at which even

Although 2025 was a financially successful year, with a portfolio return of 29.7% (in EUR), the most meaningful return for me was the continued development of my knowledge. You can read my reflection on 2025 via the link below: https://t.co/57pbnZedvi

To celebrate Acquired’s 10th anniversary, Ben Gilbert and David Rosenthal stepped into history. Literally. For their holiday special, they reflected on over a decade of @AcquiredFM in the very garage where Google was founded in 1998, at 232 Santa Margarita Avenue in Menlo Park,

The only durable moat in a world of AGI is being human: to be authentic, to create beauty, to be there for others, to treat them with respect, and to pursue human creativity, knowledge creation, and the seeking of enduring truth. For this, being a continuous learning machine is

At last, it reveals how extraordinary it is that we, as humanity, can fully experience our existence and the beauty of this world. Yet that same capacity also allows us to inflict irreversible harm upon it. When something is so beautiful, and yet so fragile, it carries an

July 1993 is a special month. In this month, two pioneering ideas were formally registered: Action, founded by Gerard Deen and Rob Wagemaker in Enkhuizen, the Netherlands, and Chipotle Mexican Grill, founded by Steve Ells in Denver, Colorado (United States). Earlier this year, I

By renovating a former ice cream parlor in Denver, Colorado, Steve Ells laid the foundation for what would eventually grow into a restaurant chain of 4,000 locations with a market capitalization of over $50 billion. Unaware that the concept would be such a hit, the opening of a

The more books one reads, the calmer one becomes, for he begins to understand how little he truly knows, how imperfect the lens through which he perceives the world is, and how much there still is to learn.

Steve Ells, founder of Chipotle Mexican Grill $CMG, opened his first Chipotle restaurant with the aim of having it serve as a cash cow to support his ultimate dream: opening a fine dining restaurant. To that end, Ells prioritized efficiency over aesthetics. “Since it was going

From $3.2 billion to $11.3 billion in annual sales over 11 years. Chipotle Mexican Grill achieved it, despite the challenges it faced. Expressed as a compound annual growth rate, this revenue growth represents a 12.1% CAGR, primarily driven by the opening of 2,138 new

Among the best, Jantje Friese and Baran bo Odar $NFLX

From one former ice cream shop in Denver, Colorado (USA), to 4,000 restaurants worldwide. That is the compounding story of Chipotle Mexican Grill—so far. According to management, the best chapters are still to be written. Does this year’s 40% stock price correction offer an

Chipotle Mexican Grill $CMG today announced the opening of its 4,000th restaurant, located in Manhattan, Kansas: "Our 4,000th restaurant in Manhattan, Kansas is both a milestone for our growth and a celebration of the guests who have asked us to bring Chipotle to their