High Conviction Concentrated Growth Investing, Fallacy Alarm

Fallacy Alarm

High Conviction Concentrated Growth Investing

High conviction concentrated growth investing. Blends single stock, macro and thematic research into powerful long and short ideas. I am convinced that a robust and comprehensive investment process requires macro and micro considerations. And it requires a deep understanding what you are looking for and what you are invested in. Digitization has changed the dynamics both how businesses operate and how investors compete for returns. Ideas can scale much faster and fail much faster than before. The biggest value creation happens before it can be spotted in financial statements. As a result, my approach can be best summarized as high conviction, high concentration growth investing, embedded into a macro framework built on the realization that our current demographic set-up, monetary paradigm and innovation cycle will likely deliver a strong decade for nominal and real returns of productive assets.

Equity Bottom-Up

<ul><li>We won’t be generation heads-down forever. Handsets are impractical as our primary device to interact with information technology.</li><li>When we use them, we lose touch to the real world. Headsets are the obvious next step to allow for a more integrated experience.</li><li>Meta has been betting on the handset-to-headset transition for more than a decade. And they have been doing so with courage and determination.</li></ul>

We won’t be generation heads-down forever. Handsets are impractical as our primary device to interact with information technology.When we use them, we lose touch to the real world. Headsets are the obvious next step to allow for a more integrated experience.Meta has been betting on the handset-to-headset transition for more than a decade. And they have been doing so with courage and determination.

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009?</li><li>The number that got the highest votes was ~80% even though I mentioned the most recent number was ~68%.</li><li>I asked this question a couple of friends in real life too and they too picked the ~80% number.</li></ul>

During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009?The number that got the highest votes was ~80% even though I mentioned the most recent number was ~68%.I asked this question a couple of friends in real life too and they too picked the ~80% number.

<ul><li>The commercialization of general purpose humanoid robots could be the most disruptive innovation that the next few decades have in store for us.</li><li>It would be a new computing platform that would by far surpass everything that we have seen in personal and mobile computing.</li><li>AI would be liberated from cyberspace to real space. Instead of shifting bits and bytes around, it would be moving physical objects.</li></ul>

The commercialization of general purpose humanoid robots could be the most disruptive innovation that the next few decades have in store for us.It would be a new computing platform that would by far surpass everything that we have seen in personal and mobile computing.AI would be liberated from cyberspace to real space. Instead of shifting bits and bytes around, it would be moving physical objects.

If I Wanted to Bet on Humanoids, I'd Buy Meta.

<ul><li>Digital advertising has surpassed the days of “Mad Men” a while ago and thanks to AI, it seems even better positioned to unlock new markets and more opportunities.</li><li>Meta is, of course, one of the companies leading this march.</li><li>Here are my highlights from today’s call. Daily Active People (DAP) across its Family of Apps (FOA) accelerated to 80 mn QoQ in 1Q’25.</li></ul>

Digital advertising has surpassed the days of “Mad Men” a while ago and thanks to AI, it seems even better positioned to unlock new markets and more opportunities.Meta is, of course, one of the companies leading this march.Here are my highlights from today’s call. Daily Active People (DAP) across its Family of Apps (FOA) accelerated to 80 mn QoQ in 1Q’25.

<ul><li>In recent weeks, Meta stock has mostly been one-way street: up! That continued to be the case after-hours post 4Q’24 earnings.</li><li>Here are my highlights from today’s call. Daily Active People (DAP) across its Family of Apps (FOA) accelerated to 60 mn QoQ in 4Q’24.</li><li>It’s kind of mind boggling that Meta added 1 Billion DAP since 1Q’20.</li></ul>

In recent weeks, Meta stock has mostly been one-way street: up! That continued to be the case after-hours post 4Q’24 earnings.Here are my highlights from today’s call. Daily Active People (DAP) across its Family of Apps (FOA) accelerated to 60 mn QoQ in 4Q’24.It’s kind of mind boggling that Meta added 1 Billion DAP since 1Q’20.

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta (META US)

Meta Just Bought into EssilorLuxottica.

We won’t be generation heads-down forever. Handsets are impractical as our primary device to interact with information technology.

Fallacy Alarm

Meta's Moat

During the weekend, I asked my twitter followers: What do you think Facebook's DAU to MAU ratio was in 2009? The number that got the highest votes...

MBI Deep Dives

If I Wanted to Bet on Humanoids, I'd Buy Meta.

The commercialization of general purpose humanoid robots could be the most disruptive innovation that the next few decades have in store for us.

Fallacy Alarm

Meta 1Q'25 Update

Digital advertising has surpassed the days of “Mad Men” a while ago and thanks to AI, it seems even better positioned to unlock new markets and...

MBI Deep Dives

Meta 4Q'24 Update

In recent weeks, Meta stock has mostly been one-way street: up! That continued to be the case after-hours post 4Q’24 earnings.

MBI Deep Dives

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