The Synopsis

In this Dialogue episode of The Synopsis we discuss whether we are in an AI bubble and various factors investor should consider. 
YouTube Video Links: Why This Isn't an AI Bubble (Yet) 
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Show Notes
(0:00)  — Financial vs Technology Bubbles
(5:45)  — Are AI Model Companies in a Bubble?
(11:04)  — Arguments For Why We Are in an AI Bubble
(25:51)  — How Reflexivity Affects Outcomes
(35:33)  — Software Bull Case
(38:12)  — AI Bubble Argument Summary
(41:29)  — AI Bubble Counterarguments
(46:36)  — What You Can Do as an Investor
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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see Speedwell's and Drew Cohen Money's full disclaimers here:  https://speedwellresearch.com/disclaimer/ https://www.drewcohenmoney.com/disclaimers

In this Dialogue episode of The Synopsis, we discuss S&P 500 valuations and concentration, and provide short thoughts on Constellation Software, Intuit, Sea Limited, and Mercado Libre. 
YouTube Video Links: S&P 500 Concentration 
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Show Notes
(0:00)  — S&P 500 Concentration a Risk?
(20:40)  — Adobe Report Tease
(23:18)  — Intuit Earnings Review
(36:12)  — CSU Earnings and AGM
(44:34)  — Why AI is a Beneficiary for Axon
(49:17)  — Mercado Libre Earnings Takeaways and Risks
(56:38)  — Sea Limited Earnings Takeaways and Risks
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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.
Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it.
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Follow Us:
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Email us at info@speedwellresearch.com for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see Speedwell's and Drew Cohen Money's full disclaimers here:  https://speedwellresearch.com/disclaimer/ https://www.drewcohenmoney.com/disclaimers

In this wide spanning interview I spoke with pseudonymous investor Rose Celine. Rose is quite prolific on Twitter/X, commonly sharing his sharp thoughts on a variety of different stocks. In this interview we cover several of his investments and how he thinks about various investing topics. We hope you enjoy! 
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Show Notes
 (0:00)  — Rose's Background 
(6:31)  — Investment Philosophy
(8:46)  — Punch Card Investing
(13:27)  — Axon Mistake
(20:28)  — Mercado Libre Investment Case
(27:37)  — Thoughts on Sea Limited Competition
(32:44)  — South America Profitability vs the U.S.?
(40:28)  — Portfolio Construction
(44:38)  —  DLocal Investment Thesis
(54:45)  — Importance of Management
(55:57)  — Why Rose Invested in ServiceNow
(59:32)  — Valuation Thoughts
(1:10:50)  — Mercado Libre FinTech Risk
(1:17:58)  — Business Models Rose Avoids
(1:21:42)  — How to Judge an Opportunity Based on Opportunity Cost
(1:29:07)  — Sell a Great Business When it's Overvalued?

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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers

On this podcast we talk to Gunjan Bhartia, Former VP of Strategy & Business at Coupang to explore Coupang's evolving strategy—from international expansion to business model evolution—and the hidden risks that may be overlooked by the market. This was orginally recorded as an AlphaSense webinar in January, and we thank AlphaSense for letting us release it on our podcast too. 
Sign-Up for the Adobe AI Expert Call Here. We will have this conversation on May 5th, but you will be able to download a recording if you sign-up now and miss that time. 
 
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If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com 
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Show Notes
(0:00)  — Intro
(5:10)  — South Korean E-Commerce Competitive Landscape
(9:25)  — What Coupang's Market Share Could Be
(10:47)  — Biggest Gaps in Selection on Coupang
(16:16)  — Differences Between 1P vs 3P
(18:30)  — Taiwan
(23:00)  — Coupang vs Sea Limited in Taiwan
(28:32)  — Can Coupang Expand Beyond Korea?
(35:40)  — Coupang Eats Strategy
(40:04)  — Coupang Pay Strategy
(42:27)  — Advertising Runway
(46:08)  — Coupang Pay Strategy
(50:04)  — Why 1P is More Profitable Than 3P
(58:02)  — Risks Facing Coupang

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Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!  
Sign up for Speedwell's free newsletter and weekly memos here
AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.
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Follow Us:
Twitter: @Speedwell_LLC
Threads: @speedwell_research
Email us at info@speedwellresearch.com for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers

In this insightful interview I spoke with Hedge Fund Manager of Hayden Capital, Fred Liu. We talked about his investment philosophy of "emerging compounders" and how he likes to concentrate in a few stocks. We also talk about a few of his investments including Sea Limited and AppLovin.
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Get access to all of Speedwell Research's in-depth Research Reports here.
If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com 
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Show Notes
(0:00)  — Intro
(0:43)  — Fred Liu's Investment Philosophy
(2:39)  — Looking for Owner-Operators
(4:49)  — Why Fred Liu Concentrates His Portfolio
(8:29)  — Thoughts on Trimming Winners
(16:03)  — Investing in Rational Capital Allocators
(19:15)  — What Fred Liu Saw in Sea Limited and Shopee in 2018
(32:38)  — Why Amazon Isn't Successful Globally & How Pinduoduo Took Over Alibaba
(44:49)  — Why Fred Liu Exited Pinduoduo
(46:48)  — Expectations With Sea Limited 
(51:48)  — Shopee's Strategy in Brazil Compared to Mercado Libre
(58:22)  — AppLovin Investment Thesis
(1:05:07)  — Expectations for AppLovin Going Forward
(1:09:15)  — AppLovin's Risks
(1:11:49)  — Where You Can Find Fred Liu

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Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!  
Sign up for Speedwell's free newsletter and weekly memos here
AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.
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Follow Us:
Twitter: @Speedwell_LLC
Threads: @speedwell_research
Email us at info@speedwellresearch.com for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers