All Episodes

ANTHROPIC S-1 — The Filing Is Public: $16.3B in a Half Year, One Share With 50.1% of the Vote

Verizon Q3 2026 — The Subscriber Engine Re-Accelerates, Guidance Raised Again

EQT Buys Range Resources — America's Natural Gas Champion, Deal Teardown

THE INTRINSIC VALUE PORTFOLIO — What Three Value Investors Actually Own, and How It's Working

Hedge Funds Are Getting Crushed: Is Extreme Positioning a Contrarian Indicator?

Sector & Factor Weekly — Week of October 23

Capital Markets Weekly — Week of October 23

Comfort Systems USA (FIX) Q3 2026: A Record Quarter the Market Sold Anyway

Noise vs. the Mega Trends: What Capitulation Hides

Quanta Services: The Builder of the AI Power Era

Today's Market and Portfolio Rotations

Deckers Outdoor (DECK) Q2 FY27: Record Quarter, Cut Guidance

Eaton: The Electrical Backbone of the AI Buildout

Amphenol: The Nervous System of Everything

American Express Q3 2026: The $895 Platinum Bet Is Paying Off

Bloom Energy Q3 2026: Selling Time to Power

Racking Up the Power Shortfall: America's 33-Gigawatt AI Problem

L'Oreal Q3 2026: The Cleanest Beat in Years

Tesla Q3 2026: Margins Rebound, Cash Flow Turns Positive, Robotaxi Miles Grow Eightfold

P&G Q1 FY27: The Volume Quarter — Tide, Pampers & Pantene Grow on Units, Not Prices

Blackstone Q3 2026: The Fee Machine Carries a Frozen Exit Market

Union Pacific Q3 2026: Record Revenue, the Intermodal Surge, and the $85B Norfolk Southern Merger

Nasdaq Q3 2026: The Tollbooth Keeps Compounding

CBRE Q3 2026: Data Centers on Fire, Deals on Ice — Earnings Deep Dive

Spotify Q3 2026: The Tollbooth Widens — 306M Subscribers, Record Gross Margin

Prada Q3 2026: 1% Organic Growth, Miu Miu Cools, Versace on Track

Nestlé Q3 2026: Volume Is Back — 4% Organic Growth Beats as Turnaround Gains Pace

Hermès Q3 2026: Leather Goods on Fire, Stock on Sale

Microsoft FY26 Annual Report: Record Profits, a $678 Billion Backlog, and the Cap Ex Question

Thermo Fisher Q3 2026: The Lab Recovery Is Real

Abbott Q3 2026: A Choppy Quarter, a Slower Libre, and a Nutrition Spin-Off

SAP Q3 2026: The €10 Billion Quarter — AI Is Driving the Cloud Migration

NextEra Energy Q3 2026: The Regulated Compounder Meets the AI Power Rush

The Seven Mega-Themes Driving Global Commerce

SharkNinja: The Product-Velocity Machine at a Full Price

Hedging Tech Concentration Risk

Meta Q3 2026: The Ad Machine vs. the AI Bill

The Trust Problem: Why Financial Advice Runs on 'Trust Me' — and Why That Era Is Ending

Intuitive Surgical Q3 2026: The Beat-and-Selloff Deep Dive

Coatue CTEK: One Ticket to Anthropic, OpenAI and the Private AI Stack — At What Price?

EssilorLuxottica Q3 2026: Beating the Bar on the Toughest Comp Ever

SpaceX Q3 2026: The SI Inflection — $14.6B Revenue and the $20B Cap Ex Question

Netflix Q3 2026: The Margin Machine Beats, the Ad Business Trims

MSCI Q3 2026 Deep Dive: Expense Guide Holds, Stock Rallies

Music in the Air, Ten Years On: The Business Moves From Adoption to Monetization

Following the $1.6 Trillion Money Trail: Where AI Cap Ex Actually Lands

Quality Breaks Out: The Mid-Cycle Playbook and the Stocks That Screen Best

Northrop Grumman Q3 2026: A Margin Beat, a Tax Tailwind, and the 2027 Sandbag Debate

Return of the Mall Rat: The American Mall Is Coming Back

GE Aerospace Q3 2026: Inside the Quarter — Orders, Workscopes, and the Cash Debate

Staples: Selective in a Tepid Tape

RTX Q3 Deep Dive: Anatomy of a Beat — Tariff Refunds and the $130B Raytheon Backlog

Blackstone: The Private Markets Machine Meets Its Liquidity Test

Schwab Q3 2026: Record Flows, a Funding Debate

Salesforce Buys Braze: Completing the Agent Stack

GE Aerospace Q3 2026: Beat, Raise, and a $170 Billion Services Backlog

RTX Q3 2026: Beat, Raise, Repeat — a Record $340B Backlog

Axon: Owns Every Link in the Chain — Now It Has to Turn Growth Into Cash

The Full-Cycle AI 30: Own the Scarce Inputs, Overweight the Adopters

Private Flight or Cell Phones? The Unit Economics of AI

What Has to Go Right: The Math Behind AI's Trillion-Dollar Bet

The Data Centre Is a Factory

Three Bond Markets, Three Different Worlds

One Customer, Many Checkbooks: The Economics of Defense Primes

Six Weeks of Markets: The Signal Beneath the Noise

Scout Motors: Who's Really Behind the Terra (and Will They Build It?)

AI or Bust — Deep Dive

I Said I'd Worry. I'm Worried. — Deep Dive

BAE Systems on the Battlefield: A War Story for Investors

Lockheed Martin on the Battlefield: A War Story for Investors

Northrop Grumman on the Battlefield: A War Story for Investors

L3Harris on the Battlefield: A War Story for Investors

Sector & Factor Weekly — Week of October 12

Private Equity's Power Play: Who Really Owns AI's Land, Power, and Shell

Capital Markets Weekly — Week of October 12

Talen Energy: The Nuclear Toll Road for AI Power

ROSY Deep Dive: Inside Rosenberg's New Macro ETF

Client Chat Recap: Credit Cracks, the Anthropic Watch, and Bank Earnings

Ideas Dinner: Flags Below the Surface in Credit

Turning Point: Bonds, the Tax-Loss Basket, and CoreWeave's Warning

Schneider Electric Q3 2026: Electrifying the AI Buildout

Bad Moon Rising: Wedgewood Partners Q3 2026 Letter

Real Interest Rate Shock: The Next Shoe to Drop

Earnings Roundup: Schwab, Prologis, Interactive Brokers — Q3 2026

Stablecoins and the Banking System: Money Gets Re-Platformed

TSMC Q3 2026: The Foundry at the Center of AI

Invest in the Shortages & Bottlenecks: Ai & Power

Operating Kings × Brand Heat: The Blended Top 20 (Corrected)

[SUPERSEDED — see Corrected version] Operating Kings x Brand Heat: The Blended Top 20

Goldman, Morgan Stanley, BlackRock: Three Beats, Three Setups

BlackRock & Morgan Stanley: Toll Collectors on the AI Buildout

Holiday Shopping 2026: The Retailers With Real Brand Heat

Fast Retailing: The Uniqlo Engine — 88% of Everything

Accenture Investor Day 2026: The AI Services Playbook

ASML Q3 2026: Lithography and the AI Capex Engine

Earnings reports: Banks

Energy Experts Snapshot: What Oil CEOs, Nuttall and Sankey See Now

Aramco's Nasser: The 'Scarily Thin' Oil Market

Workday Analyst Day 2026: The Agentic Enterprise

Booking Holdings Deep Dive: The Connected Trip and the AI Question