Shopify: Why They Don’t Need Your SaaS
“Amazon is trying to build an empire and Shopify is trying to arm the rebels.” – Tobi Lutke What is Shopify? Simply put, Shopify is a “complete commerce platform that lets you start, grow, and ...
Stock Write-Ups
Write-ups behind stocks. Quick, easy and analytical. DYOR.
Zoom: After the Boom Comes the Boom?
Zoom has been on an otherworldly tear. Some might say Zoom was just in the right place at the right time, but I would argue they put themselves in that place, then took full advantage. ...
Airbnb: Indebted, Liable and My Kind of Stock
Airbnb recently released their S1 in preparation of their upcoming IPO. I jumped to risk factors and Airbnb definitely carries risk. Here are a few (of many): Our revenue growth rate has slowed, and we ...
Bitcoin: Why Everyone On the Internet is Wrong
I love arguing about Bitcoin on the internet. I know it’s dumb, but I can’t help myself. Something about the whole Bitcoin argument really brings out the debater in me. The main problem I have ...
Etsy: Skinny Dipping with Mask Money
Etsy took advantage of the pandemic. Well, really Etsy did nothing. Etsy’s network however went to work, quickly. Its the beauty of decentralization. In Q2, 112k sellers had a mask sale. The scale and speed ...
Facebook and Karma
Does Facebook make the world a worse place? I’ve been thinking a lot about off balance sheet liabilities lately (aka an extremely large negative externality). Essentially, this is a fancy financial way of saying karma. ...
Long $CULTS – On Peloton
Peloton makes no sense to me. The business model is boring, essentially a hardware company pretending to be SaaS. You pay $2k+ for an exercise bike, then even more to stream the classes. It’s stupid ...
Bitcoin and Trust
I’ve noticed people claiming that Bitcoin has a fatal flaw. The flaw will prevent it from being a reserve asset and ultimately lead to its downfall. The reality though, is that this isn’t a fatal ...
Amazon: Turning Weaknesses into Revenue
I bought Amazon for the first time. I’m not sure why I never bought before. If anyone asked me what my favorite stock was, I would say Spotify or Amazon. I own $30k of Spotify ...
Zillow: On the Vanguard
Zillow is a different kind of investment. I don’t think they quite know what they are doing. That happens when you are on the vanguard. Zillow Offers on the surface is stupid. Volatile inventory within ...