Steady buying on $VRSN since end of November

@JaredKubin Curious, how do you think about risk management?

Would you be surprised if I told you the size premium has been dead since 1980 (44 years) and value premium since 1997 (28 years)? (as measured by Ken French)

@CareerRiskCap @Ross__Hendricks @profplum99 good points. no escaping the negative impacts when unemployment is 8%

@CareerRiskCap @Ross__Hendricks @profplum99 Current profit margins are suppressed. tech layoffs drive higher margins. also, investments in R&D and S&M are pretty discretionary. Can be cut if needed.

@ginkgo_cap Bulgarian split squats. I haven’t actually done reverse lunges before. In my mind, I figured they were basically the same exercise. But I’ll have to try reverse lunges later this week

I spend a lot of time thinking about this. I own most of the names listed below. Using Roper $ROP as an example. Compounding FCF at ~10%/year for three decades implies that they can deploy $400B in FCF on acquisitions at a cash-on-cash return around 5%. Eventually the TAM will become a bottleneck. But it is challenging to handicap the upside because there are few bottlenecks in the short/medium-term.

@stockthoughts81 @bucketshopcap Just wanted to say, really enjoying your thoughts / journaling. Wish there was more of this on FinTwit

@GavinSBaker 18:30 to 19:30 mark

@steve_feinstein @TidefallCapital GAAP earnings overstate actual cash flow of the biz

@evantindell Not sure about iPhones, but my Apple Watch broke after maybe 200 sauna sessions. Kinda surprised it even made it that long.

@QualityGrowth_ @RampCapitalLLC During, but they’re literally not even long enough for my wife to go pee

This is probably too granular & misses the big picture, but you decompose revenue and capex by AWS's data center square footage (leased + owned) Revenue per average sq ft was essentially flat at $2.47K in 2024 vs. $2.53K in 2023 CapEx per net new sq ft was also flat around $5.0K vs. $5.3K last year Asset utilization is actually better than what I had expected, all things considered That said, I have no idea what the incremental ROIC is going forward

@TwannsWorld @LongOnlyLarry Or do I have the wrong understanding here

@AdviserCounsel Dumb question - what do you mean by limit restrictive covenants in employment agreements?